Albany, NY -- (SBWIRE) -- 10/01/2020 -- Wire & Cable Recycling Market: Introduction
Wire and cable recycling refers to the process of converting wire and cable scrap into reusable material. It is an alternative for the conventional waste disposal, which can reduce greenhouse gas (GHG) emissions.
Key Drivers and Restraints of Global Wire & Cable Recycling Market
Surge in the volume of wire and cable scrap has raised concerns about the environment, due to improper disposal of wire and cable wastes. This, in turn, is expected to drive the global wire & cable recycling market during the forecast period.

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Growing efforts to maintain sustainability of primary metal sources and increasing demand for copper from various industries, including electrical & electronics (E&E), automotive, and manufacturing, is projected to drive the global wire & cable recycling market during the forecast period. Furthermore, increase in efforts to reduce the production cost is also expected to propel the global market in the near future.
Rise in investments in the construction industry led by improvement in the living standards, increase in the purchasing power, migration of people from rural to urban areas, and strong economic growth, in developing as well as developed countries, is anticipated to propel the global wire & cable recycling market during the forecast period

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However, improper waste disposal is expected to restrain the global wire & cable recycling market during the forecast period

Electrical & Electronics Segment Expected to Hold a Major Share of Global Market
The global wire & cable recycling market can be segmented based on application, metal type, and region
In terms of metal, the global wire & cable recycling market can be divided into copper, aluminum, and others. Copper is predominantly used in the wire & cable industry owing to its high conductivity.

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In terms of application, the global recycled copper market can be divided into electrical & electronics, building & construction, power, communication, transportation, and others. Building & construction is one of the major end-users of wires and cables, due to increase in the demand for distribution of electricity from one point to another within electric appliances in residential establishments.