by According to the industry experts, The global recycled metal market was valued at USD 67.6 billion in 2020 and is projected to reach US$ 102 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030. The report contains 150+ pages with detailed analysis.
The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The recycled metal market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
The rising investments in the development of infrastructure in developing economies, growing automotive sector due to the introduction of electric vehicles, rising demand for recycled metals from different end uses sectors such as electronic, aerospace, and defense, and rising awareness regarding the negative environmental impacts of excess metal mining are the several factors that boosts the growth of the global recycled metal market. Rapid industrialization and rapid urbanization are the major drivers of the recycled metal market.
Moreover, rising investments by the top players to set up recycling facilities and implementing improve waste management system will play a crucial role in the market growth during the forecast period. The rising government initiatives to reduce carbon footprint and reduce energy consumption has fueled the adoption of metal recycling across the globe. The recycling of metal consumes less energy as compared to the mining. Hence, the development of sustainable ways for the industrial and infrastructural development is a key factor that is expected to fuel the market growth in the upcoming years.
Download the Sample Pages of this Report for Better Understanding (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/sample/1349
Recycled Metal Market Scope
This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, the Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes the market by key players and various segment. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Browse Healthcare Research Reports @ https://www.marketstatsnews.com/healthcare/
Crucial factors accountable for market growth are:
- Rising investments in infrastructural development
- Rising urbanization and industrialization
- Development of improved waste management systems
- Rising awareness regarding the environmental impacts of metal mining
- Rising demand from the automotive sector
- Rapidly growing building and construction industry
- Government regulations on recycled plastic
Recycled Metal Report Highlights
- Based on the metal type, the non-ferrous segment is expected to be the fastest-growing segment. The extensive usage of aluminium in the automotive, construction, aerospace, and various consumer goods industries is the major factor accountable to drive the segment growth in the upcoming future.
- Based on the end user, the construction segment is estimated to be the fastest-growing segment owing the rising investment in the development of infrastructure in the developing regions such as Middle East, Africa, Asia, and Latin America.
Recycled Metal Market Dynamics
Driver – Increasing production of recycled metal owing to the increased demand from the manufacturing sector is boosting the growth of the global recycled metal market across the globe. Further, rising government initiatives to reduce the wastage of metal and develop sustainable solutions is fostering the market growth. According to the Bureau of International Recycling, the non-ferrous metals have witnessed an increase of around 6% in their recycling across the globe. Therefore, rising importance of non-ferrous metal recycling is expected to boost the market growth.
Restraints – Lack of proper government regulations and metal recycling technologies in the developing and underdeveloped economies is a key restraint that may hamper the market growth during the forecast period.
Opportunities – Rising government participation to boost the growth and development of recycled metal is expected to drive the growth of the market. For instance, the implementation of Draft Steel Scrap Policy in India is expected to boost the development of the market.
Challenges – The lack of funds in the hands of the government in the underdeveloped nations restricts the growth of the infrastructure in the country, which results in low economic activities. Therefore, the lack of infrastructure is restricting the growth of various industries such as transport, construction, and various others that may restrict the growth of the recycled metal market.
Regional Snapshots
Based on region, Asia Pacific dominated the global recycled metal market with a share of over 50% in 2020, in terms of revenue and is estimated to sustain its dominance during the forecast period. The Asia Pacific has the highest number of countries that are still developing and underdeveloped. The growing public and private investments in the development of sophisticated infrastructure in these developing nations is a crucial factor responsible for driving the growth of the recycled metal market. Further, Asia Pacific is among the top importers of recycled metal. The lack of advanced technology for recycling metal coupled with huge demand for the recycled metal has made this region a top consumer of recycled metal. The rising industrialization and rapid urbanization are expected to drive the growth of the recycled metal market in the region during the forecast period.
On the other hand, North America is estimated to be the most opportunistic market during the forecast period. The rising popularity of electric vehicles and demand for advanced electronic goods are the major factors of growth. Recycled metal is extensively used in the electronics and automotive industry and hence, the growth of these industries will propel the demand for the recycled metal in North America during the forecast period.
Key Players/Manufacturers
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the recycled metal market and ranks noticeable companies as per their occurrence in diverse regions across the globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the global recycled metal market include:
- CMC
- Tata Steel
- GFG Alliances
- European Metal Recycling
- Norsk Hydro ASA
- Novelis
- Sims Metal Management
- Commercial Metal Company
- Steel Dynamics
- Nucor Corporation
- Aurubis AG
- ELG HanielGmbh and Schnitzer Steel
Recycled Metal Market Segments Covered
By Metal Type
- Ferrous
- Non-Ferrous
By End User
- Construction
- Transport & Automotive
- Industrial Machinery
- Electronics
- Defense
- Packaging
- Military
- Consumer Goods
- Others
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Research Objective
- To provide a comprehensive analysis of the recycled metal industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
- To provide detailed insights into factors driving and restraining the growth of this global market
- To provide a distribution chain analysis/value chain for the this market
- To estimate the market size of the global recycled metal market where 2019 would be the historical period, 2020 shall be the base year, and 2020 to 2027 will be the forecast period for the study
- To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
- To analyze the global market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World
- To provide country-wise market value analysis for various segments of the recycled metal
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Recycled Metal Market
5.1. COVID-19 Landscape: Recycled Metal Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Recycled Metal Market, By Metal Type
8.1. Recycled Metal Market, by Metal Type, 2021-2030
8.1.1. Ferrous
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Non-Ferrous
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Recycled Metal Market, By Application
9.1. Recycled Metal Market, by Application, 2021-2030
9.1.1. Construction
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Transport & Automotive
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Industrial Machinery
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Electronics
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Defense
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Packaging
9.1.6.1. Market Revenue and Forecast (2019-2030)
9.1.7. Consumer Goods
9.1.7.1. Market Revenue and Forecast (2019-2030)
9.1.8. Military
9.1.8.1. Market Revenue and Forecast (2019-2030)
9.1.9. Others
9.1.9.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Recycled Metal Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. CMC
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Tata Steel
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. GFG Alliances
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. European Metal Recycling
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Norsk Hydro ASA
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Novelis
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Sims Metal Management
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Commercial Metal Company
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Steel Dynamics
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Nucor Corporation
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
Why Buy this Report?
The purpose of Precedence Research’s recycled metal market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
Buy Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1349
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
