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Recycled Metal Global Market Size, Share, Growth, Trends, By Metal Type, By Product, By End USer, By Region And Segment Forecast 2023-2032 | ArcelorMittal S.A., Nucor Corporation, Aurubis AG, Novelis Inc., ELG Haniel Group
Recycled Metal Market Size, Growth Rate, And Forecast
The global recycled metal market size is expected to grow from $65.53 billion in 2022 to $69.69 billion in 2023 at a compound annual growth rate (CAGR) of 6.35%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The recycled metal market size is expected to grow to $84.07 billion in 2027 at a CAGR of 4.80%.
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Recycled Metal Market Drivers
The growing demand in the construction sector is expected to propel the recycled metal market. The construction sector comprises manufacturing and commerce concerned with creating, maintaining, and fixing structures and drilling and mineral exploration.
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Recycled Metal Market Segments
• By Product: Steel, Aluminum, Copper, Other Products
• By Metal: Ferrous, Non-Ferrous, Precious Metals
• By End-User: Construction, Transport And Automotive, Industrial Machinery, Electronics, Defense, Packaging, Military, Consumer Goods, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the recycled metal market.
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Recycled Metal Market Key Players
Major competitors in the recycled metal market include ArcelorMittal S.A., Nucor Corporation, Commercial Metals Company, Sims Metal Management Limited, Aurubis AG, Novelis Inc., ELG Haniel Group, Kuusakoski Group Oy, Tata Steel Ltd., Steel Dynamics, Inc., Norsk Hydro ASA, GFG Alliances, China Baowu Group and AMG Resources Corporation.
The Business Research Company's "Global Recycled Metal Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Recycled Metal Market Include:
1. Executive Summary
2. Recycled Metal Market Characteristics
3. Recycled Metal Market Trends And Strategies
4. Recycled Metal Market - Macro Economic Scenario
5. Recycled Metal Market Size And Growth
.....
26. Africa Recycled Metal Market
27. Recycled Metal Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Recycled Metal Market
29. Recycled Metal Market Future Outlook and Potential Analysis
30. Appendix
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