Press release
Global Recycled Metal Market Brief Analysis by Top Key Players Steel Dynamics, Novelis Inc, Triple M Metal LP., Armco Metal Holdings, Kuusakoski Recycling, Befeso, Schnitzer Steel, Hawkeswood Metal recycling Ltd & more
Recycled Metal Market is forecast to exceed USD 125 billion.
The data in this Recycled Metal market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others. The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Recycled Metal market including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research. Companies profiled include Sims Metal Management, Steel Dynamics, Novelis Inc, Triple M Metal LP., Armco Metal Holdings, Kuusakoski Recycling, Befeso, Schnitzer Steel, Hawkeswood Metal recycling Ltd, Asahi Holding, Hensel Recycling, Sims Recycling Solutions, BR Metals, ELG HanielGmbh, European Metal Recycling Ltd., Nucor Corporation, Aurubis Ag, Commercial Metal Company.
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In volume terms, recycled ferrous metals market generated close to USD 550 million in 2017. It is primarily due to its comprehensive applications across transport, electronics, industrial machinery, defense and construction sector. Iron and steel are used in the construction industry is in building, steel frame works, bridges, etc., owing to its superior properties such as high tensile strength, durability and reliability to avoid wear & tear in the longer run. The aforementioned trends will support in attaining considerable gains to the global reprocessed metal market by 2024.
Reprocessed metal market share for electrical & electronics is projected to witness gains close to 4% by 2024. Metals are broadly used in the electrical & electronics industry due to its magnetic properties which is advantageous in several electronic applications. Non ferrous metals are used in electronics such as in printed circuit, computer chips, electrical switches, keyboard membranes, etc. owing to its thermal and electrical conductivity. The unique chemical and physical properties possessed by metals along with consistently advancing technologies in the electronics sector will contribute significantly to the global recycled metal market by 2024.
North America recycled metal market was estimated close to USD 8.5 billion in 2017. This is mainly attributed to strong presence of transportation, electrical & electronics and defense industry which majorly constitute to the overall product demand. Moreover, strict laws formulated by the local regulatory bodies to reduce carbon footprint by recycling metal to save environment from the hazardous waste. For example, OSHA 3348-05 is responsible for identification and control of health hazard in metal recycling industry. Such instances are fundamental aspects which has triggered metal demand and therefore is probable to make positive influence on the reprocessed metal market by 2024.
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Strong growth in transportation and electrical & electronics industry mainly in the U.S. will also help trigger metal demand which is mainly due to consistently upgrading & advancing technology which is in line with evolving consumer?s preference. These aforementioned trends will have a significant influence on the overall recycled metal market by 2024.
Lack of highly competent recycling processes which can completely recover the metal from scrap is a main restraint which may hinder the overall recycled metal market size. Aluminum can only be recovered close to 35% from the scrap metal. Nonetheless, strong emphasis on reducing waste generated and its impact on the environment will generate ample opportunities for reprocessed metal market by 2024.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Recycled Metal Industry Insights
Chapter 4. Recycled Metal Market, Metal By End-user
Chapter 5. Recycled Metal Market, By End-user
Chapter 6. Recycled Metal Market, By Region
Chapter 7. Company Profiles
For More Details about this report: https://www.marketstudyreport.com/reports/recycled-metal-market
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