Press release
Germany Srap Metal Recycling Market to Witness an Outstanding Growth 2020-2030
Transparency Market Research delivers key insights on the global s metal recycling market. In terms of revenue, the global metal recycling market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global metal recycling market.
The metal recycling market is expected to improve with technological advancements in recycling. Development of recycling facilities in developed and developing regions, better waste collection systems, and promotion of metal recycling by manufacturers and governments are likely to help in business growth, and create new business opportunities and increase employment. The Canadian Association of Recycling Industries (CARI) states that the metal recycling industry in Canada employs 160,000 people directly and indirectly. The usage of rare metals in various products and their shortage is also expected to boost the s metal recycling market.
๐๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ - https://www.transparencymarketresearch.com/s-metal-recycling-market.html
The U.S. exporters of s metals, paper, and plastic witnessed increased demand in 2019, as growing shipments to Southeast Asia, the Indian subcontinent, and Northern Europe offset a 20.2 percent decline in volume to China, which remains the primary market for recyclables. However, export of recyclables came crashing down in early 2020, due to both supply and demand destruction caused by the COVID-19 pandemic. On the supply side, the global pandemic has idled key industries and services that generate s paper and metals. Plunging oil prices have made recycled plastics uncompetitive with virgin plastics. These factors have created a huge slowdown in themetal recycling market in 2020. However, overall the metal recycling market is expected to witness huge growth in 2021 and 2022. The price of metal recycling products also decreased during the COVID-19 pandemic.
๐๐๐ญ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=75449
๐๐๐ญ๐๐ฅ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
Steel is the most recycled metal in the world. The growing consumption of steel in construction, automotive, electronics, and consumer goods industries is projected to fuel the demand for metal recycling products during the forecast period.
Companies are increasing the usage of new recycled steel and old recycled steel s as it is available in good quality and low price. Moreover, small scale manufacturing units in automotive, oil & gas, construction, and other industries are increasing their overall budget for recycled steel procurement.
Factors, including the utilization of non-renewable resources, consumption of a large amount of energy, fluctuation in raw material prices, and regulations of mining ores have compelled manufacturers to adopt the Electric Arc Furnace (EAF) process over the Basic Oxygen Furnace (BOF) process for its utilization in crude steel production. This has led to increased demand for recycled steel across the world. The production of crude steel by the EAF process increased by 10.1% in 2018 in comparison to 2017, whereas the increase in total crude steel production was 7.04%.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=75449
๐๐ซ๐๐ฉ ๐๐๐ญ๐๐ฅ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ ๐ข๐จ๐ง๐ฌ
Asia Pacific accounted for a major share of the srap metal recycling market in 2019. Increasing expansion of the construction segment coupled with easy government rules and regulations are key factors expected to boost the growth of the srap metal recycling market. Europe is the second largest srap metal recycling market as a result of high consumer adoption rate.
Huge consumer demand for recycled metal products is also observed in developing countries, including India, China, and South Korea. Emerging countries will create new opportunities for the srap metal recycling market in the upcoming years.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=75449
๐๐ซ๐๐ฉ ๐๐๐ญ๐๐ฅ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Key players operating in the global srap metal recycling market are ArcelorMittal, Aurubis AG, Kuusakoski Oy, Nucor Corporation, AIM Recyclage, Inc., Sims Limited, Omnisource Corporation, Metallon Recycling Pte Ltd, DBW Metals Recycling, and TKC Metal Recycling Inc.
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
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 Germany Srap Metal Recycling Market to Witness an Outstanding Growth 2020-2030 here
News-ID: 2804590 • Views: โฆ
More Releases from Transparency Market Research
Global Methanol Market to Reach USD 32.9 Billion by 2034, Growing at 3.4% CAGR | โฆ
The global methanol market was valued at US$ 22.0 billion in 2023 and is expected to witness steady expansion over the next decade. According to industry analysis, the market is projected to grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2034, reaching an estimated US$ 32.9 billion by the end of 2034. This growth trajectory reflects the increasing relevance of methanol as a versatile chemicalโฆ
Methanol-to-Olefins Market Poised for Sustainable Growth, Set to Reach USD 44.1 โฆ
The global Methanol-to-Olefins (MTO) market is witnessing a strong transformation as industries increasingly shift toward sustainable feedstocks and alternative non-petroleum chemical pathways. Valued at US$ 24.5 billion in 2023, the market is projected to expand at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2034, reaching an estimated US$ 44.1 billion by the end of 2034. This growth trajectory highlights the strategic importance of MTO technology inโฆ
Global Methyl Chloride Market Outlook 2035: Expanding Silicone Demand and Indust โฆ
The global methyl chloride market was valued at US$ 2.2 billion in 2023 and is poised for steady expansion over the coming decade. According to the latest industry outlook, the market is projected to grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2035, reaching an estimated US$ 4.1 billion by the end of 2035. This sustained growth reflects the compound's critical role as a chemicalโฆ
Global Methyl Ester Sulfonate Market to Reach USD 974.1 Mn by 2031, Driven by Ri โฆ
The global methyl ester sulfonate (MES) market was valued at US$ 656.7 Mn in 2022 and is projected to reach US$ 974.1 Mn by the end of 2031, expanding at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2031. This steady growth trajectory reflects the increasing shift toward biodegradable, plant-based surfactants across personal care, household cleaning, and industrial applications worldwide.
Access an overview of significant conclusions from ourโฆ
More Releases for Recycling
Wood Recycling Market May See a Big Move | Austin Wood Recycling, Fae Western, R โฆ
Advance Market Analytics published a new research publication on "Wood Recycling Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Wood Recycling market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the report, requestโฆ
PVC Recycling Market Key Players are DS Smith, Adams Plastics, Reclaim Plastics, โฆ
The PVC recycling market is projected to reach USD 4.9 billion by 2028, with a CAGR of 8.0% from USD 3.3 billion in 2023. Asia Pacific is home to several emerging economies with rapidly growing manufacturing sectors, which further drives the demand for PVC recycling. The region has experienced significant growth in the last decade and accounts for over a third of the world's GDP. The high economic growth, coupledโฆ
Electronic Recycling Market Impressive Gains Including Key Players AERC Recyclin โฆ
Electronic Recycling Market report is of huge importance when it is about building business strategy by identifying the high growth and attractive market categories. This report assists to design capital investment strategies based on forecasted high potential segments. With this market report, it becomes simple and easy to develop a competitive strategy based on the competitive landscape. Moreover, potential business partners, acquisition targets, and business buyers can be identified byโฆ
Vehicle Recycling Market Tangential Growth Revenues by 2028| Westside Auto Recyc โฆ
Vehicle Recycling Market is expected to thrive at a CAGR +5% by the life span of 2021-28.
Vehicle recycling is the dismantling of vehicles for spare parts. The vehicles are shredded and the metal content is recovered for recycling, while in many areas, the rest is further sorted by machine for recycling of additional materials such as glass and plastics.
In fact, cars are the most recycled item worldwide, with around 12โฆ
Recycling Services Market Is Huge growth | Eurokey Recycling, Ltd., Northstar Re โฆ
HTF Market Intelligence released a new research report of 104 pages on title 'Global Recycling Services Category - Procurement Market Intelligence Reportโ with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and important players such as Eurokey Recycling, Ltd., Northstar Recycling, Triple M Metal LP,Amdahl Corporation, Interface, Inc., Battery Council International (USA), Epson, Inc.,Collins
Request a sampleโฆ
Global Electronic Recycling Market 2018-AERC Recycling Solutions (U.S.) Attero R โฆ
The detailed research on Global Electronic Recycling Market reports offers a specific market study and outlook prospects of the market. The report helps the user to strengthen decisive power to plan their strategic moves to launch or expand their businesses by offering them a clear picture of this market. Electronic Recycling Industry provides the overview of growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable).โฆ
