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Metal Recycling Market worth $76.1 billion by 2025

 



(IT-NEWSWIRE.COM, September 02, 2022 ) The report "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" The global metal recycling market size is projected to grow from USD 52.1 billion in 2020 to USD 76.1 billion by 2025, at a CAGR of 7.8% from 2020 to 2025. 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 of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=102425671

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.

Don't miss out on business opportunities in Metal Recycling Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=102425671

Browse in-depth TOC on "Metal Recycling Market”
134 - Market Data Tables
36 - Figures
138 - Pages

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.

ArcelorMittal (Luxembourg), Nucor Corporation (US), Commercial Metals Company (US), Sims Metal Management Limited (US), and Aurubis AG (Germany) are the key players operating in the metal recycling market. Acquisitions and investments & expansions are some of the major strategies adopted by these key players to enhance their positions in the metal recycling market.

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=102425671

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com



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