Recycled Metal Market Expected to Reach $ 4.7 million by 2031 | Nucor Corporation, ArcelorMittal, Sims Metal Management Ltd., Commercial Metals Company

DataM Intelligence has released a new research report on the Recycled Metal market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Recycled Metal Market reached US$ 2.5 bllion in 2023 and is expected to reach US$ 4.7 million by 2031, growing with a CAGR of 8.1% during the forecast period 2024-2031.

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Recycled Metal refers to metal materials that have been recovered from end-of-life products, manufacturing processes, and processed for reuse. This recycling process involves collecting, sorting, and melting down to create new metal products. Recycled metal can include a variety of materials, such as aluminum, copper, steel, and iron. The use of recycled metal contributes to resource conservation, energy savings, and reduced environmental impact, as it typically requires less energy to process compared to extracting and refining virgin metal ores. Recycled metals are widely used in various industries, including construction, automotive, and manufacturing, promoting sustainability and circular economy practices.

List of the Key Players in the Recycled Metal Market:

Nucor Corporation, ArcelorMittal, Sims Metal Management Ltd., Commercial Metals Company, Schnitzer Steel Industries, Inc., Kuusakoski Group Oy, European Metal Recycling Ltd., Aurubis AG, Novelis Inc. and American Iron & Metal Co.

Key Developments:

In May 2023, Orbex launched a groundbreaking initiative by introducing the world's first marketplace for authenticated recycled metals. This global platform aims to facilitate the trading of environmentally responsible commodities.

In August 2023, researchers at TU Bergakademie Freiberg in Germany, as part of a European research project, developed an innovative recycling method for hydrogen electrolysis. This achievement is a key component of the broader "Recycalyse" project, which focuses on enhancing the recyclability of electrode materials for hydrogen electrolysis in alignment with circular economy principles.

In November 2021, a team of experts from Sensmet unveiled a revolutionary technology called µDOES. This advanced technology has the potential to transform the recycling and production processes of battery metals by offering real-time analysis and process control. It promises significant improvements in the efficiency and effectiveness of hydrometallurgical processes related to battery metal recycling and manufacturing.

Research Process:

Both primary and secondary data sources have been used in the global Recycled Metal Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Recycled Metal Market:

By Type: Ferrous Metal, Non-Ferrous Metal

By Application: Construction, Automotive, Electronics and Electricals, Industrial Machinery, Others

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Recycled Metal market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Recycled Metal Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Recycled Metal market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Recycled Metal Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Recycled Metal market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Recycled Metal market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Recycled Metal market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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This release was published on openPR.