Recycled Metal Market Evolution Overview with US$ 96.44 Bn Industry Value, Size and Growth Insights by 2024-2031 | Sims Metal Management Ltd., Schnitzer Steel Industries

Global recycled metal market is expected to be valued at US$ 54.48 Bn in 2023, and is projected to reach US$ 96.44 Bn by 2030, exhibiting a CAGR of 8.5% from 2023 to 2030.

The latest market intelligence report published by CMI with the title "Global Recycled Metal Market 2024, Growth Opportunities, and Forecast" provides actionable insights on Advanced Materials industry. The report provides demand analysis, industry insights, competitive intelligence, and customer database.

The Research report on Recycled Metal Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.

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Key trends Recycled Metal Market

1. Increasing Demand for Sustainable Practices: There is a growing emphasis on sustainability across industries, driving the demand for recycled metals. Companies are prioritizing environmentally friendly practices, and recycled metals offer a lower carbon footprint compared to newly mined metals, making them an attractive option for manufacturers.

2. Technological Advancements in Recycling Processes: Innovations in recycling technologies are improving the efficiency and effectiveness of metal recovery processes. Advanced sorting, shredding, and purification technologies enhance the quality of recycled metals and reduce energy consumption, making recycling more economically viable.

3. Regulatory Support and Incentives: Governments worldwide are implementing regulations and incentives to promote recycling and reduce waste. Policies encouraging the use of recycled materials in manufacturing and construction are fostering growth in the recycled metal market, as businesses seek to comply with sustainability goals.

4. Growing Urbanization and Construction Activities: Rapid urbanization and infrastructure development are driving the demand for recycled metals in construction. Recycled metals, such as steel and aluminum, are increasingly used in building materials, reinforcing the market's growth as more sustainable options are sought.

5. Circular Economy Initiatives: The transition towards a circular economy is influencing the recycled metal market, with a focus on maximizing resource efficiency and minimizing waste. Companies are adopting circular practices by reusing and recycling metals, which not only conserves resources but also meets consumer demand for sustainable products.

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*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 150+ is available for purchase to all the interested stakeholders.

Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR):

• By Type of Metal:
Ferrous Metals
Non-Ferrous Metals

• By End-use Industry:
Construction
Automotive
Electronics
Packaging
Energy
Manufacturing
Aerospace
Jewelry and Art

• By Source of Material
Post-Consumer
Industrial
Construction
Obsolete Electronics

• By Recycling Process
Shredding and Melting
Electrolysis
Smelting
Hydrometallurgical Processes

• By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa

Following are the players analyzed in the report:

• Sims Metal Management Ltd.
• Schnitzer Steel Industries Inc.
• Nucor Corporation
• European Metal Recycling Ltd.
• Kuusakoski Group
• Novelis Inc.
• OmniSource Corporation
• Ferrous Processing & Trading Co. (FTP)
• Metal Management Inc.
• ELG Haniel Group

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Deep-dive Analysis:

The Report provides deep-dive qualitative and quantitative analysis on Recycled Metal Market for all the regions and countries covered below:

• North America (the United States, Canada, and Mexico)
• Europe (Germany, France, Italy, United Kingdom, SCANDIVAN, Benelux, Russia, and Rest of Europe)
• Asia-Pacific (Japan, South Korea, India, China, Southeast Asia, and Australia)
• South America (Brazil, Argentina, and Rest of South America)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa, and Rest of the Middle East & Africa)
• Each Country is covered in detail, and report provides qualitative and quantitative analysis on Recycled Metal Market on each country.

The research provides answers to the following key questions:

1. What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Recycled Metal market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Recycled Metal market?
4. What are the prominent market trends influencing the development of the Recycled Metal market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Recycled Metal market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

Key insights provided by the report that could help you take critical strategic decisions?

• Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
• Reports provide opportunities and threats faced by suppliers in the Recycled Metal and tubes industry around the world.
• The report shows regions and sectors with the fastest growth potential.
• A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
• The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
• This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
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