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What are the Growth Drivers of Recycled Metal Market? Sims Metal Management, Steel Dynamics, Novelis Inc., Triple M Metal LP., Armco Metal Holdings, Schnitzer Steel, Asahi Holding, Hensel Recycling, BR Metals, ELG HanielGmbh, Nucor Corporation, Aurubis Ag

04-09-2019 07:00 AM CET | Industry, Real Estate & Construction

Press release from: marketstudyreport.com

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What are the Growth Drivers of Recycled Metal Market? Sims Metal

Market Study Report LLC recently introduced new title on “2018-2024 Global Recycled Metal Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 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.

Middle East construction industry is growing rapidly which is mainly due to stabilized crude oil prices which has resulted in rising investment in infrastructure projects. For instance, government in the Middle East has made substantial investment on the Projects such as King Abdulla Economic city in Saudi Arabia, Lusail city in Qatar, Oman rail network and Al Zour refinery in Kuwait. This will trigger demand for recycled metal mainly steel, iron, copper and aluminum. The abovementioned trends will make notable contribution to the recycled metal market in the forecast timeframe. Recycled Metal Market is forecast to exceed USD 125 billion; according to a new research report.

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.

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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.

Prominent recycled metal manufacturers are Nucor, Steel Dynamics, Schnitzer Steel, Sims Metal, Novelis, ELG Haniel and European Metal Recycling. These manufacturers are rigorously engaged in acquisition, joint ventures and partnerships to expand its market presence. For instance, Steel Dynamics acquired assets from Sims Metal Management. The move was intended to support its Columbus flat roll division plant.

Table of Contents:

Chapter 1. Methodology And Scope
1.1. Methodology
1.2. Market definition
1.3. Market estimation & forecast parameters
1.4. Data sources
1.4.1. Primary
1.4.2. Secondary
1.4.2.1. Paid
1.4.2.2. Public
Chapter 2. Executive Summary
2.1. Recycled metal industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Metal by end-user trends
2.1.3. End-user trends
2.1.4. Regional trends
Chapter 3. Recycled Metal Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Manufacturing trends
3.3.3. Profit margin
3.3.4. Value addition
3.3.5. Distribution channel analysis
3.3.6. Vendor matrix
3.3.6.1. List of key raw material suppliers
3.3.6.2. List of key manufacturers/distributors
3.3.6.3. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Global drivers
3.5.1.1.1. Rapidly growing construction industry in the Asia Pacific and the Middle East
3.5.1.1.2. Strong product demand from electrical & electronics industry in North America
3.5.1.1.3. Stringent & supporting legislations for metal recycling in Europe
3.5.2. Industry pitfalls & challenges
3.5.2.1. Inefficient recycling process
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Regional price trends
3.8.1. Cost structure analysis
3.8.1.1. R&D cost
3.8.1.2. Manufacturing & equipment cost
3.8.1.3. Raw material cost
3.8.1.4. Distribution cost
3.8.1.5. Operating cost
3.8.1.6. Miscellaneous cost
3.8.2. Price by metal
3.8.3. Price by end-user
3.9. Competitive landscape, 2017
3.9.1. Company market share analysis, 2017
3.9.2. Strategic dashboard
3.10. Porter's analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis
Chapter 4. Recycled Metal Market, Metal By End-user
4.1. Recycled metal market share of metal by end-user, 2017 & 2024
4.2. Ferrous
4.2.1. Market estimates and forecast of metal by end-user, 2013 – 2024.

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