According to a market research report, the “Metal Recycling Market by Metal (ferrous and non-ferrous), Scrap Type (Old Scrap and New Scrap), End-use Sector (Construction, Automotive, Shipbuilding, Equipment manufacturing, Consumer appliances), Equipment, and Regions- Global Forecast to 2025″, size projected to grow USD 76.1 billion by 2025, at a CAGR of 7.8%. The market is projected to grow in accordance with the growth of various end-users of metal recycling across the globe. The increase in consumption of recycled metal into various end-use sectors, including building & construction, shipbuilding, equipment manufacturing, and consumer appliances, is expected to support market growth during the forecast period.
Download PDF Brochure: https://www.
Browse
- 134 Market data Tables
- 36 Figures
- 138 Pages and in-depth TOC on “Metal Recycling Market – Global Forecast to 2025″
This report also provides a comprehensive analysis of the companies listed below:
The metal recycling market has been dominated by large players, such as ArcelorMittal (Luxembourg), Nucor Corporation (US), Commercial Metals Company (US), and Sims Metal Management Limited (US). These players have adopted various growth strategies, such as acquisitions and expansions to increase their market shares and enhance their product portfolios. Acquisitions and investments & expansions are some of the major strategies adopted by these key players to enhance their positions in the metal recycling market.
Request Sample Pages: https://www.
In terms of value and volume, the ferrous metal type segment is estimated to be the fastest-growing type in the metal recycling market in 2019.
The ferrous segment, by type, is projected to be a faster-growing segment in the metal recycling market, as recycling of ferrous metals helps to reduce the quantities of solid waste deposited in landfills. Moreover, it helps in reducing energy consumption, CO2 emissions, water consumption, and air pollution.
The building & construction segment is estimated to be a larger end-use sector in the metal recycling market in 2019.
The building & construction segment, by end-use sector, accounted for a larger market size for metal recycling in 2019, in terms of both value and volume. Manufacturing of new metals is a complicated and conventional method for construction companies. Hence, companies preferring to convert old scrap metals into reusable new metals to expand their exponential turnover and meet the demand of the rapidly increasing global population. Thus the dominant market position of the building & construction sector is attributed to the exponential growth of construction activities happening globally.
The Asia Pacific region is projected to account for the largest share in the metal recycling market during the forecast period.
The Asia Pacific region is projected to lead the metal recycling market, in terms of both value and volume, from 2020 to 2025. The development in the construction industry in emerging countries such as India and China is expected to boost the demand for recycled metal in the market. Furthermore, Asia Pacific is the hub of foreign investment and booming industrial sectors, largely due to the low-cost labor and cheap availability of lands. This, in turn, increases the growth of construction activities, which boosts the demand for metal recycling in the region.
Inquire Now: https://www.
Download PDF Brochure of Trending Upcoming Industry Reports:
