openPR Logo
Press release

Recycled Metal Market Analysis Current Trends and Sales Forecast Till 2024

11-02-2016 08:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MRRSE.com

Recycled Metal Market: Snapshot

Environmental sustainability has been the focus of most companies in various end-use industries and revamping strategic plans, policies, and developments to accommodate recycled materials is a trend that has gained much prominence in recent years. The growth of the recycled metals market is based on the rising consciousness and awareness of industries such as building and construction, automotive, and machinery manufacturing regarding the benefits of recycled metal. The urgent need to curb greenhouse gas emissions has also compelled industries to turn to eco-friendly raw materials and lower their environmental footprint.

TMR predicts a steady outlook for the global recycled metal market for the period 2016 to 2024, registering a 4.8% CAGR therein. The opportunity in this market is poised to be worth US$476.2 bn by 2024, rising from US$312.9 bn in 2015.

Request Sample Copy of the Report @ https://goo.gl/rU0iNl

Rapidly Growing APAC Economies Boosting Demand for Recycled Metal from End-use Industries

The global market for recycled metal comprises North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Among these, Asia Pacific and Europe jointly dominate the overall market with a share of over 70% share in 2015.

While China is the leading revenue generator in the Asia Pacific recycled metal market, India is estimated to expand at the fastest pace over the course of the forecast period. Other countries such as Malaysia, Singapore, Indonesia, South Korea, and Thailand also play a major role in the demand for recycled metal. The continuous growth in economy and the rising GDP in these nations have rendered a tremendous boost to industries such as automotive, construction, and industrial machinery and also resulted in the surge in infrastructure activities. This, in turn, has contributed toward the demand for recycled metal in Asia Pacific.

The growing use of recycled metal in Europe can be attributed to the increase in environmental awareness among consumers and manufacturers alike. In addition to this, stringent regulatory laws and supportive policies of various governments in the region have augmented the adoption of recycled metal, especially in countries such as Germany and Italy.

The recycled metal markets in the Middle East and Africa as well as Latin America are projected to exhibit promising growth during the forecast period, fueled by the rise in building and construction activities, an increase in automobile production, and growing consumer awareness regarding the impact of greenhouse gases and the benefits of recycled metal.

Read Complete Report @ http://www.mrrse.com/metal-recycling-market

Recycled Iron and Steel Most Widely Used Metals

Ferrous and non-ferrous metals are the two key product segments, with the former dominating the overall recycled metal market in 2015. Among ferrous metals, iron and steel are the most prominent product types and find application in the manufacturing of electrical devices, construction materials, industrial machineries and equipment, and vehicles. Among non-ferrous metals, recycled aluminum constitutes a significant share of the total demand for recycled metals.

Recycled metals are used in industries such as automotive, building and construction, electrical and electronics, industrial machinery, and shipbuilding. Among these, the building and construction sector has been the largest end-user of recycled metals. The automotive sector, on the other hand, is projected to expand at the fastest pace during the forecast period.

About MRRSE

MRRSE stands for Market Research Reports Search Engine, the largest online catalog of latest market research reports based on industries, companies, and countries. MRRSE sources thousands of industry reports, market statistics, and company profiles from trusted entities and makes them available at a click. Besides well-known private publishers, the reports featured on MRRSE typically come from national statistics agencies, investment agencies, leading media houses, trade unions, governments, and embassies.

Corporate Office State Tower 90 State Street, Suite 700 Albany, NY 12207,United States

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 Recycled Metal Market Analysis Current Trends and Sales Forecast Till 2024 here

News-ID: 378121 • Views:

More Releases from MRRSE.com

Automotive Microcontrollers Market | Industry Key Players - AG (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands)
Automotive Microcontrollers Market | Industry Key Players - AG (Germany), Texas …
MRRSE has recently published a report that explores the market for automotive microcontrollers at a global scale, and covers the market dynamics exhaustively, providing major trends impacting the market growth. This report on global market for automotive microcontrollers provides a detailed knowledge base for players who seek expansion of their presence globally. Insights offered in this report is instrumental for market players and investors, for gauging potential of the bubble
Global Commercial Refrigeration Equipment Market |Key Players Baltimore Aircoil Company, Inc. (US), Daikin Industries, Ltd. (Japan), GEA Group AG (Germany), Emerson Climate Technologies (US)
Global Commercial Refrigeration Equipment Market |Key Players Baltimore Aircoil …
MRRSE provides the forecast and in-depth on the global commercial refrigeration equipment market for the forecast period 2017-2026. The report also analyzes the market in terms of market volume and value and offers information on the market dynamics, competitors, current market scenario, and future market growth. Year-on-year growth and important factors supporting the decision-making process is also offered in the report on the global market for commercial refrigeration equipment. Get Report
Automotive Aluminum Alloy (OE) Market - Outlook and Growth Stance Forecasted Through 2026 || Market Players are - Arconic, AUSTEM COMPANY LTD., Constellium N.V., Bharat Forge, UACJ Corporation, FLEX-N-GATE CORPORATION
Automotive Aluminum Alloy (OE) Market - Outlook and Growth Stance Forecasted Thr …
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Automotive Aluminum Alloy (OE) Market - Outlook and Growth Stance Forecasted Through 2026” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report comprises a detailed value chain analysis, which provides a comprehensive view
Frontotemporal Disorders Treatment Market (2018-2028) || Key Players are Pfizer Inc., Johnson & Johnson, Sanofi S.A., Eli Lilly and Company, GlaxoSmithKline Plc., Novartis AG, Mylan N.V., Merck & Company Inc.
Frontotemporal Disorders Treatment Market (2018-2028) || Key Players are Pfizer …
A recent market study published by company – “Frontotemporal Disorders Treatment Market Assessment & Opportunity Analysis Recorded for 2018 – 2028” – consists of a comprehensive assessment of the most important market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the frontotemporal disorders treatment market, growth prospects of the market are obtained with maximum precision. The report features unique and salient factors

All 5 Releases


More Releases for Recycled

Recycled Glass Sales Market Size Analysis by Application, Type, and Region: Fore …
USA, New Jersey- According to Market Research Intellect, the global Recycled Glass Sales market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The recycled glass sales market is showing steady growth, driven by rising environmental awareness and increasing demand for sustainable materials across various industries. With
Recycled Lubricant Market: Explosive Growth
The report comes out as an intelligent and thorough assessment tool as well as a great resource that will help you to secure a position of strength in the global Recycled Lubricant market. It includes Porter's Five Forces and PESTLE analysis to equip your business with critical information and comparative data about the Global Recycled Lubricant Market. We have provided deep analysis of the vendor landscape to give you a
Recycled Plastic Market: Rising Demand for Eco-Friendly Products Driving Recycle …
[100+ Pages Report] | Global "Recycled Plastic Market" research report provides Innovative Insights on the Strategies adopted by Major Global in the worldwide industry. This valuable information offers businesses and investors a clear understanding of the market's Competitive Landscape, Growth Potential, and Impending Opportunities. The modern report highlights Latest Mergers, Achievements, Revenue Offshoring, R & D, Development Plans, Progression Growth, and Collaborations. The global recycled plastic market is projected to grow
Recycled Elastomers Market | J. Allcock & Sons Limited, RubberForm Recycled Prod …
Global Recycled Elastomers Market: Overview The report details an exhaustive account of the global recycled elastomers market along with numerous associated factors. Some of these factors that are included in the report are drivers, restraints, competitive analysis, latest trends and opportunities, geographical outlook, and many other aspects. The study covered in the report spans a forecast period from 2018 to 2028. From an
Recycled Elastomers Market - Transformation Survey 2028 | J. Allcock & Sons Limi …
Global Recycled Elastomers Market: Overview The report details an exhaustive account of the global recycled elastomers market along with numerous associated factors. Some of these factors that are included in the report are drivers, restraints, competitive analysis, latest trends and opportunities, geographical outlook, and many other aspects. The study covered in the report spans a forecast period from 2018 to 2028. From an
Light Weight Nature of Recycled Plastic is Fuelling the Growth of Post-Consumer …
Packaging products made of eco-friendly material are gaining popularity as market players are adapting to sustainable packaging methods. Products and materials sold in the consumer markets, which have served their intended purpose or completed their life cycle are sent to material recovery facilities (MRF’s). Packaging products made of plastic materials recovered from MRFs contribute to the category of post-consumer recycled plastic packaging. One of the prominent material which is being