Global Recycled Metal Market Size is estimated to expand rapidly in coming years, at a CAGR of 5.4 % from 2019 to 2027. In 2017, the global market valuation was USD 0.78 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. Market growth is driven by growing focus on secondary metal production due to environmental concerns such as energy use and waste disposal. Metal recycling is an important element since metals can be reused on several occasions without any modifications. As a consequence, the use of scrap metal as raw material for secondary production is significant.
Global Market Growth Opportunities (Revenue, Growth) By 2019-2027
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global recycled metal market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global recycled metal market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Product Insights: On the basis of product, global recycled metal market has been segmented into steel, aluminum, copper, others. Steel is the world's recycled commodity, making steel the world's recycled metal industry the largest share in 2018. Increasing steel consumption is expected to lead to increased demand over the forecast period in the infrastructure, automotive, electronics, and consumer products industries.
In 2018, aluminum was the world's second largest type of recycled steel. Aluminum is used to a large extent and as a scrap material it has high value. Due to its growing demand in the automotive and consumer goods industries, demand for Aluminum is anticipated to grow rapidly over the forecast period. This is a positive sign for the recycled aluminum market, as a result of higher demand for aluminum.
The recycled metal market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
North America's recycled metal market is expected to show the highest rate of growth during the forecast period. The emergence of various recycling programs and waste dealers in the area has increased recycled metal consumption. The United States is a leading steel producer produced by EAF. The nation is also the leading secondary aluminum maker. Improved metal production is expected to drive the recycled metal market over the forecast period, owing to its high demand from the building, automotive and consumer industries.
Global Recycled Metal Market Size, Share Analysis by Region 2019-2027
The Asia Pacific recycled metal market is anticipated to rise in size in the forecast period at significant CAGR. The main factors that cause the market growth in the area are increasing emphasis on environmental concerns and proper waste management. India is a competitive recycled metal market. The country's rising manufacturing sector leads to increased metal production and to a high demand for waste. As large projects are ongoing in countries like China, India, Australia, and Indonesia in Asia Pacific, the region has potential to bypass any competition. This is also because of the great amount of reserves that the region has. Exploration activities in China are increasing which is why China may have great demand for tin catalysts and compounds. According to the National Bureau of Statistics, recycled metal market will increase the regional demand during the forecast period.
Global Recycled Metal Market Study Objective
To forecast the market size of recycled metal market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
Market analysis and forecast of recycled metal market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
To analyze and elaborate significant factors that will have a major impact on the growth of recycled metal market, such as drivers, restraints, challenges, and opportunities.
The regional analysis of recycled metal market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
To provide detailed analysis of competitive and strategic developments in the recycled metal market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
CMC, European Metal Recycling, Norsk Hydro ASA, GFG Alliances, Novelis, and Tata Steel are some of the key players in the market of recycled metal. In the presence, new entrants and existing players were pushed onto the market to explore new business growth regions by means of numerous small and large players, an increased demand for scraps, growing environmental concerns and associated regulations.
Global Recycled Metal Market Study Report Offer You!
The global recycled metal market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
Save Your Time
Wide Range of Reports
World Class Market Research
100% Customer Satisfaction
24/7 Customer care Support
Let's Talk Online