Metal Recycling Market Size, Share, Up-coming Trends, Analysis, Manufactures, Regions, Leading Players, Outlook -Future and Forecast 2024

According to Market Study Report, Metal Recycling Market provides a comprehensive analysis of the Metal Recycling Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Metal Recycling Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Metal Recycling Market size is estimated to grow from US$ 52.1 Billion in 2019 to US$ 76.1 Billion by 2024, at a CAGR of 7.8%. This report spread across 134 Pages, Profiling 10 Companies and Supported with Tables and figures are now available in this research.

Top Companies profiled in the Metal Recycling Market:
o ArcelorMittal (Luxembourg)
o Nucor Corporation (US)
o Commercial Metals Company (US)
o Sims Metal Management Limited (US)
o Aurubis AG (Germany)

"In terms of value and volume, the ferrous segment is projected to lead the metal recycling market from 2020 to 2025."
Based on type, the ferrous segment is projected to be a faster-growing market during the forecast period. Iron and steel scraps are some of the most widely recycled ferrous metals in the world. This scrap comes from end-of-life products and scrap generated through manufacturing processes. The use of scrap in steel production has formed an integral part of the steelmaking industry.

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"In terms of value and volume, the building & construction segment of the metal recycling market is projected to grow at the highest CAGR during the forecast period."
The building & construction segment is the fastest-growing segment in the metal recycling market. The need to reduce the environmental impact of mining metals has encouraged the use of recycled metals in the building & construction sector.

"In terms of both value as well as volume, the Asia Pacific region is expected to account for the largest share in the global metal recycling market during the forecast period."
Asia Pacific is the fastest-growing market for metal recycling due to its increasing economic growth. It accounted for over a third of the world's GDP, according to a paper published by World Economics in February 2017. According to the Population Reference Bureau, the fastest-growing consumer markets of China, India, and other Asia Pacific countries had a combined population exceeding four billion people (as of 2018). This is projected to be an essential driver for global consumption of consumer durables and the building & construction sector over the next two decades; this, in turn, is expected to lead to the growth of the metal recycling market.

Breakdown of primary participants' profile:
o By Department: Sales/Export/Marketing: 54%, Managers: 23%, and CXOs: 23%
o By Designation: Managers: 61%, CXOs: 23%, and Executives:16%
o By Region: Asia Pacific: 33%, Europe: 27%, North America: 25%, Middle East & Africa: 10%, and South America: 5%

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Reason to access this report:
The report is projected to help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall metal recycling market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies.

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