Recycled Metal Market, Share, Application Analysis, Regional Outlook, Competitive Strategies & Forecast up to 2024
Category: #reports  By Partha Ray  Date: 2019-01-10
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Recycled Metal Market, Share, Application Analysis, Regional Outlook, Competitive Strategies & Forecast up to 2024

Global Recycled Metal Market Forecast to 2024 released By Market Study Report provides Market information about industry Top Key Players, Countries, Type and Application. This Recycled Metal report also states Company Profile, sales, Recycled Metal Market revenue and price, market share, market growth and gross margin by regions, Strategic recommendations for the new entrants, Market forecasts for a minimum of five years of all the mentioned segments, sub segments and the regional markets.

Reprocessed metal market share for electrical & electronics is projected to witness gains close to 4% by 2024. Metals are broadly used in the electrical & electronics industry due to its magnetic properties which is advantageous in several electronic applications. Non ferrous metals are used in electronics such as in printed circuit, computer chips, electrical switches, keyboard membranes, etc. owing to its thermal and electrical conductivity. The unique chemical and physical properties possessed by metals along with consistently advancing technologies in the electronics sector will contribute significantly to the global recycled metal market by 2024.

recycled ferrous metals market generated close to USD 550 million in 2017. It is primarily due to its comprehensive applications across transport, electronics, industrial machinery, defense and construction sector. Iron and steel are used in the construction industry is in building, steel frame works, bridges, etc., owing to its superior properties such as high tensile strength, durability and reliability to avoid wear & tear in the longer run. The aforementioned trends will support in attaining considerable gains to the global reprocessed metal market by 2024.

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Middle East construction industry is growing rapidly which is mainly due to stabilized crude oil prices which has resulted in rising investment in infrastructure projects. For instance, government in the Middle East has made substantial investment on the Projects such as King Abdulla Economic city in Saudi Arabia, Lusail city in Qatar, Oman rail network and Al Zour refinery in Kuwait. This will trigger demand for recycled metal mainly steel, iron, copper and aluminum. The abovementioned trends will make notable contribution to the recycled metal market in the forecast timeframe.

Players operating in the global Recycled Metal market include Sims Metal Management, Steel Dynamics, Novelis Inc., Triple M Metal LP., Armco Metal Holdings, Kuusakoski Recycling, Befeso, Schnitzer Steel, Hawkeswood Metal recycling Ltd., Asahi Holding, Hensel Recycling, Sims Recycling Solutions, BR Metals, ELG HanielGmbh, European Metal Recycling Ltd., Nucor Corporation, Aurubis Ag, Commercial Metal Company.

North America recycled metal market was estimated close to USD 8.5 billion in 2017. This is mainly attributed to strong presence of transportation, electrical & electronics and defense industry which majorly constitute to the overall product demand. Moreover, strict laws formulated by the local regulatory bodies to reduce carbon footprint by recycling metal to save environment from the hazardous waste. For example, OSHA 3348-05 is responsible for identification and control of health hazard in metal recycling industry. Such instances are fundamental aspects which has triggered metal demand and therefore is probable to make positive influence on the reprocessed metal market by 2024.

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Strong growth in transportation and electrical & electronics industry mainly in the U.S. will also help trigger metal demand which is mainly due to consistently upgrading & advancing technology which is in line with evolving consumer’s preference. These aforementioned trends will have a significant influence on the overall recycled metal market by 2024.

Table of content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Recycled Metal Industry Insights

Chapter 4. Recycled Metal Market, Metal By End-user

Chapter 5. Recycled Metal Market, By End-user

Chapter 6. Recycled Metal Market, By Region

Chapter 7. Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/recycled-metal-market

Related Report:

United States Recycled Metal Market Report 2018

In this report, the United States Recycled Metal market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/united-states-recycled-metal-market-report-2018/?utm_source=marketsize-VRL

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About Author

Partha Ray

Email: [email protected]   

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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