openPR Logo
Press release

Metal Recycling Market worth $76.1 billion by 2025 | Key players ArcelorMittal, Nucor Corp, Commercial Metals Company, Sims Metal Management Limited, Aurubis AG

07-22-2022 01:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Metal Recycling Market, recycling metal type, metal recycling type, metal recycling equipment, ferrous metal recycling

Metal Recycling Market, recycling metal type, metal recycling type, metal recycling equipment, ferrous metal recycling

According to recent market research "Metal Recycling Market by Metal (ferrous and non-ferrous), Type (Old and New), End-use Sector (Construction, Automotive, Shipbuilding, Equipment manufacturing, Consumer appliances), Equipment, and Regions- Global Forecast to 2025", The global metal recycling market size is projected to grow from USD 52.1 billion in 2020 to USD 76.1 billion by 2025, at a CAGR of 7.8% from 2020 to 2025. The market is projected to grow in accordance with the growth of various end-users of metal recycling across the globe. The increase in consumption of recycled metal into various end-use sectors, including building & construction, shipbuilding, equipment manufacturing, and consumer appliances, is expected to support market growth during the forecast period.

Browse 134 market data Tables and 36 Figures spread through 138 Pages and in-depth TOC on "Metal Recycling Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/metal-recycling-market-102425671.html

In terms of value and volume, the ferrous metal type segment is estimated to be the fastest-growing type in the metal recycling market in 2019.

The ferrous segment, by type, is projected to be a faster-growing segment in the metal recycling market, as recycling of ferrous metals helps to reduce the quantities of solid waste deposited in landfills. Moreover, it helps in reducing energy consumption, CO2 emissions, water consumption, and air pollution.

The building & construction segment is estimated to be a larger end-use sector in the metal recycling market in 2019.

The building & construction segment, by end-use sector, accounted for a larger market size for metal recycling in 2019, in terms of both value and volume. Manufacturing of new metals is a complicated and conventional method for construction companies. Hence, companies preferring to convert old metals into reusable new metals to expand their exponential turnover and meet the demand of the rapidly increasing global population. Thus, the dominant market position of the building & construction sector is attributed to the exponential growth of construction activities happening globally.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=102425671

The global metal recycling market size is projected to grow from USD 52.1 billion in 2020 to USD 76.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast year. The growth of this market is attributed to the increasing demand for steel and the urbanization & industrialization in developing countries.

The metal recycling market has been dominated by large players, such as ArcelorMittal (Luxembourg), Nucor Corporation (US), Commercial Metals Company (US), and Sims Metal Management Limited (US). These players have adopted various growth strategies, such as acquisitions and expansions to increase their market shares and enhance their product portfolios.

Acquisitions and divestitures accounted for the largest share of all the strategic developments that took place in the metal recycling market between January 2015 and December 2019. Key players, such as Commercial Metals Company (US) and Sims Metal Management Limited (US), have adopted this strategy to strengthen their product portfolio, expand their market share and to meet & exceed their customers' expectations in the metal recycling market.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=102425671

ArcelorMittal (Luxembourg) is a leading company in Europe and one of the world's leading steel manufacturers. ArcelorMittal is considered to be the largest steel producer in America, Africa, and Europe In 2018, ArcelorMittal recycled 31 million tons of steel, which included primary steel arising from the company's operations and that was purchased for use in the company's furnaces. The use of steel avoided 40 million tons of CO2 emissions. Their global R&D division is currently working with the Worldsteel Association on several recycling projects. Also, they have been collaborating with the automotive industry to analyze how much more value can be achieved by disassembling vehicles before they are shredded to recoverit.

Nucor Corporation (US) manufactures steel and steel products; it also processes ferrous and nonferrous metals. Nucor is one of North America's largest recycler, which uses steel as the primary raw material in producing steel and steel products. The steel production of the company has increased by 9% from 22,619,000 tons in 2017 to 24,753,000 tons in 2018. However, the annual production capacity of the company grown from 120,000 tons in 1970 to a present total of over 27,000,000 tons. Nucor's subsidiary, The David J. Joseph Company (DJJ) (US) and its affiliates operate six recycling companies across the US and have a combined capability of processing approximately 5,000,000 tons of ferrous annually. DJJ also operates 11 self-serve used auto parts store called U-Pull-&-Pay that complements its recycling operations.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/metal-recycling.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/metal-recycling-market.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Metal Recycling Market worth $76.1 billion by 2025 | Key players ArcelorMittal, Nucor Corp, Commercial Metals Company, Sims Metal Management Limited, Aurubis AG here

News-ID: 2687748 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Metal

Metal Roofing Companies Revolutionizing the Industry: Classic Metal Roofs Leads …
Classic Metal Roofs has established itself as a leading provider of durable and energy-efficient roofing systems in Southern New England. With over 20 years of experience, the company is known for high-quality installations, customer satisfaction, and sustainable metal roofing solutions. As homeowners increasingly seek durable and energy-efficient solutions, metal roofing companies continue to provide top-tier roofing systems. Among the industry leaders, Classic Metal Roofs [http://business.bigspringherald.com/bigspringherald/markets/article/abnewswire-2025-2-15-classic-metal-roofs-expert-aluminum-shingle-metal-roof-installation-and-services/] stands out for its commitment to
Rare Metal Raw Materials - Boron(B) Metal
Boron Powder [https://www.urbanmines.com/boron-powder-product/] Short Description: Boron [,%20a%20chemical%20element%20with%20the%20symbol%20B%20and%20atomic%20number%205,%20is%20a%20black/brown%20hard%20solid%20amorphous%20powder.%20It%20], a chemical element with the symbol B and atomic number 5, is a black/brown hard solid amorphous powder. It is highly reactiveand soluble in concentrated nitric and sulfuric acids but insoluble in water, alcohol and ether. It has a high neutro absorption capacity. UrbanMines specializes in producing high purity Boron Powder with the smallest possible average grain sizes. Our standard powderparticle sizes average in the
Metal Polishing Services Market Trends and Leading Players 2023-2030 | Metal Pol …
With a CAGR of 6.1%, the Metal Polishing Services Market is expected to grow from USD 1.5 billion in 2023 to USD 2.3 billion by 2030, offering a gleaming finish to metal surfaces for aesthetic and functional purposes. Market Overview: The Metal Polishing Services market is poised for rapid growth, driven by several pivotal drivers. There is a continuous demand for metal finishing and polishing services that improve the appearance and
Metal Polishing Services Market Research Report 2020 Analysis: Enhanced Growth a …
Metal Polishing Services Market Global Metal Polishing Services Market is providing the summarized study of several factors encouraging the growth of the market such as manufacturers, market size, type, regions and numerous applications. By using the report consumer can recognize the several dynamics that impact and govern the market. For any product, there are several companies playing their role in the market, some new, some established and some are planning to
Worldwide Recycled Metal Market By Metal 2024 | Nucor, Steel Dynamics, Schnitzer …
The 2018-2024 report on global Recycled Metal market explores the essential factors of Recycled Metal industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts. 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
Recycled Metal Market By Metal 2018-2024 Top Key Players like Sims Metal Managem …
MarketStudyReport.com Adds New Recycled Metal Market 2018 – 2024 research report providing information and data By Metal, By End-user, Industry Analysis, Regional Outlook, Application Growth Potential, Trends, Competitive Market Share & Forecast spreading across 323 Pages with table and figures in it. Players operating in the global Recycled Metal market include Sims Metal Management, Steel Dynamics, Novelis Inc., Triple M Metal LP., Armco Metal Holdings, Kuusakoski Recycling, Befeso, Schnitzer Steel, Hawkeswood