Posted on Leave a comment

Metal Recycling Market Calculate to Reach US$ 76.1 billion by 2025| MarketsandMarkets™ Study

Metal Recycling Market Calculate to Reach US$ 76.1 billion by 2025| MarketsandMarkets™ Study
Browse 134 market data Tables and 36 Figures spread through 138 Pages and in-depth TOC on “Metal Recycling Market”

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

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.

Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=102425671  

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, 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 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.

Share Your Requirements & Get Customized Reports at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=102425671  

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.

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/metal-recycling-market-102425671.html