Press release
At 3.2% Of Recycled Metal Market Share Will Increase And Aimed To Cross US$ 650 billion In 2028
According to our latest market study on "Recycled Metal Market Size, Growth | Global Report 2022, 2028," The recycled metal market is expected to grow from US$ 539 billion in 2022 to US$ 650 billion by 2028, with an estimated CAGR of 3.2% from 2022 to 2028.Metal recycling is the process of converting metal scraps and waste into useful metal items. Metal recycling requires significantly less energy than producing metals from raw minerals and ores. Moreover, metal recycling results in relatively lower greenhouse gas (GHG) emissions than conventional metal manufacturing processes.
Major key players covered in this Recycled Metal Market report:
• Aaron Metals
• Century Metal Recycling Limited
• European Metal Recycling Limited
• Kuusakoski Group Oy
• Nucor Corporation
• OmniSource Corp. (Steel Dynamics Inc.)
• SA Recycling LLC
• Schnitzer Steel Industries, Inc.
• Sims Metal Management Ltd
• Umicore N.V.
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MARKET DYNAMICS:
In recent years, sustainability concerns have increased dramatically. The overall impacts of climate change and global warming are compelling manufacturers and consumers to follow sustainable practices and use recycled materials to contribute to the circular economy. This factor is also driving the demand from various end-use industries, especially automotive and construction. Governments of various countries such as the US and China are putting a high emphasis on green construction to reduce their overall carbon footprints and minimize overall environmental impact. Therefore, they are promoting the use of recycled construction materials, which is expected to significantly drive the demand for recycled metals across the global construction industry in the coming years.
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Recycled Metal market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Recycled Metal market segments and regions.
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MARKET SEGMENTATION
The global recycled metal market is bifurcated into type and end-use industry. Based on type, the market is segmented into iron, steel, copper, aluminum, nickel, and others. In terms of end-use industry, the market is segmented into construction, automotive & aviation, consumer durables, and others.
REGIONAL FRAMEWORK
The global recycled metal market is segmented into five major regions North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The report covers analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in these regions.
Reason to Buy
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Recycled Metal Market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Recycled Metal Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
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Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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