Global recycled metal market is projected to reach US$ 96.44 Bn by 2030, exhibiting a CAGR of 8.5% from 2023-2030.

BURLINGAME, CALIFORNIA, UNITED STATES, December 15, 2023 /EINPresswire.com/ -- The recycled metal market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Recycled metal refers to metal that has been recovered from obsolete machinery, equipment, buildings and vehicles for reuse rather than disposal as waste. It finds wide applications in automotive, construction, electronics and other industries.

Market Dynamics:

The recycled metal market is expected to witness significant growth over the forecast period owing to rising construction activities globally. Infrastructure development projects in developing nations such as India, China and countries in Southeast Asia are increasing the demand for steel and other construction materials including recycled metal. Additionally, strict government regulations regarding scrap metal disposal along with growing environmental awareness among consumers and manufacturers are compelling them to adopt recycled metal instead of primary metal, thereby fueling the market growth. The auto industry is also a major end-user of recycled metal where it is used to manufacture various auto components.

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Top Companies Covered In This Report:

★ Sims Metal Management Ltd.
★ Schnitzer Steel Industries Inc.
★ Nucor Corporation
★ European Metal Recycling Ltd.
★ Kuusakoski Group
★ Novelis Inc.
★ OmniSource Corporation
★ Ferrous Processing & Trading Co. (FTP)
★ Metal Management Inc.
★ ELG Haniel Group

Market Segmentation:

By Type of Metal:

★ Ferrous Metals
★ Non-Ferrous Metals

By End-use Industry:

★ Construction
★ Automotive
★ Electronics
★ Packaging
★ Energy
★ Manufacturing
★ Aerospace
★ Jewelry and Art

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Competitive Analysis:

The Recycled Metal Market is expected to grow significantly over the forecast period between 2023 and 2030. In 2023, the market will grow steadily, and with the increasing adoption of strategies by the major players; the research study is expected to rise above the forecast horizon. The competitive analysis focuses on key players and the innovations and business strategies undertaken by them. The report captures the best long-term growth opportunities for the industry and includes the latest process and product developments.

Research Methodology:

Most research studies use a combination of both primary and secondary research methods to ensure comprehensive and accurate data analysis. The specific methodology used in a Recycled Metal market research study will depend on various factors such as the research objectives, the target audience, and the available resources.

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Go-To-Market Framework:

✣ Go-to-market Strategy
✣ Development trends, competitive landscape analysis, supply-side analysis, demand-side analysis, year-on-year growth, competitive benchmarking, vendor identification, CMI quadrant, and other significant analysis, as well as development status.
✣ Customized regional/country reports as per request and country-level analysis.
✣ Potential & niche segments and regions exhibiting promising growth are covered.
✣ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Key Benefits:

◘ The market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.
◘ The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
◘ The report provides detailed information related to key drivers, restraints, and opportunities and their impact on the market.
◘ The report incorporates a competitive analysis of the market players along with their market share in the global market.
◘ The SWOT analysis and Porter's Five Forces model is elaborated in the study of Recycled Metal market.
◘ Value chain analysis in the market study provides a clear picture of the stakeholders' roles.

Reasons to Buy this Report:

✤ Upgrade your market research resources with this comprehensive and accurate report on the global Recycled Metal market

✤ Get a complete understanding of general market scenarios and future market situations to prepare for rising above the challenges and ensuring strong growth

✤ The report offers in-depth research and various tendencies of the global market

✤ It provides a detailed analysis of changing market trends, current and future technologies used, and various strategies adopted by leading players of the global market

✤ It offers recommendations and advice for new entrants in the global market and carefully guides established players for further market growth

✤ Apart from the hottest technological advances in the global market, it brings to light the future plans of dominant players in the industry

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Recycled Metal market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Recycled Metal market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Recycled Metal Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact Us

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Coherent Market Insights Pvt. Ltd.
+1 206-701-6702
email us here
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