Wilmington, Delaware, Aug. 17, 2023 (GLOBE NEWSWIRE) -- According to a deep-dive market assessment by RationalStat, the Global Recycled Metal Market has been analyzed on the basis of market segments, including metal type, end user, and geography/regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2028.
Market Scope and Report Overview
Metals are in high demand across a variety of sectors, including construction, automotive, electronics, and packaging. These sectors are able to meet their demand while reducing their negative environmental effects by using recycled metals. Improving the environment for higher recycling rates and market demand, these jointly aid in the expansion of the recycled metal market.
Market intelligence for the global recycled metal market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
In addition, the long-term sector and products/services 10-year outlook and its implications on the Recycled Metal market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
Request A Customization: https://store.rationalstat.com/store/global-recycled-metal-market/#tab-ux_global_tab
Global Recycled Metal Market: Segmental and Market Share Analysis
On the basis of metal type, in terms of revenue, the ferrous segment led the global recycled metal market and is anticipated to keep leading during the forecast period. The ferrous metals include iron, steel, titanium, and stainless steel. These metals are widely utilized in the manufacture of industrial machinery, electronics, and building materials.
On the basis of end user, due to the widespread use of recycled metals in the transportation and automotive sectors around the world, the automotive segment dominates the recycled metal market.
Period Covered include data for 2019-2028 along with year-wise demand estimations
The recycled metal market report analyzes the market on the basis of global economic situations, regional geopolitics, import-export scenarios, trade duties, market developments, organic and inorganic strategies, mergers and acquisitions, product launches, government policies, new capacity addition, technological advancements, R&D investments, and new market entry, replacement rates, penetration rates, installed base/fleet size, global and regional production capacity, among others.
RationalStat offers market analysis and consulting studies on the basis of dedicated and robust desk/secondary research supported by a strong in-house data repository. In addition, the research leverages data based on the real-time insights gathered from primary interviews. Market estimations and insights are based on primary research (covering more than 240 entities) and secondary research by leveraging international benchmarking.
The global recycled metal market report also covers value chain and supply chain analysis that provides in-depth information about the value chain margins and the role of various stakeholders across the value chain. Market dynamics provided in the market study include market drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.
In the competition analysis section, the global recycled metal market provides a detailed competition benchmarking analysis based on the market share of the leading companies/brands/ producers/suppliers, a market structure overview with detailed company profiles of more than 25 players with their financials, product/service offerings, major developments, business models, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.
Explore more about this report - https://store.rationalstat.com/store/global-recycled-metal-market/
Macroeconomic Scenario and the Impact of COVID-19 on Regional Economic Sentiment
In the latest RationalStat analysis, geopolitical conflicts and inflation are the cited economic risks, while concerns about the volatility across energy sectors prevail in Europe and other parts of the world. Some of the potential risks to the economic growth in the leading regions, including Asia Pacific, Europe, North America, the Middle East & Africa, and other developing regions, are inflation, volatile energy prices, supply chain disruptions, geopolitical instability, labor shortages, rising interest rates, and COVID-19 pandemic.
The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdued growth, while other countries continued to grapple with economic slowdowns. The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, the UK, Germany, India, Japan, South Korea, the UK, and many others. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.
In addition to this, the global economic growth slowed in 2022 to 3.3%, weaker than expected at the end of 2021, mainly weighed down by Russia’s war in Ukraine and the associated cost-of-living crisis in many countries. However, improvement in economic activities during the forecast period is expected. Growth is projected to remain at lower rates in 2023 and 2024, at 2.6% and 2.9% respectively.
Get A Free Sample https://store.rationalstat.com/store/global-recycled-metal-market/#tab-ux_global_tab
Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global recycled metal market include,
- In 2021, Steel Dynamics Inc. acquired three metals recycling facilities in South Texas in close proximity to prime scrap-generating urban and industrial areas.
- In 2020, ArcelorMittal and Triple M merged to form Integrated Metal Recycling Inc. to provide consumers and suppliers with support, services, and options.
Some of the prominent players that contribute significantly to the recycled metal market growth include ArcelorMittal, Aurubis AG, Nucor, Sims Limited, Tata Steel, European Metal Recycling Ltd., Dowa Holdings Co., Ltd., OmniSource, LLC, CMC, Schnitzer Steel Industries, Inc., Novelis Aluminium, Norsk Hydro ASA, Tom Martin & Co Ltd. among others.
RationalStat has segmented the global recycled metal market based on metal type, end user and region
- Global Recycled Metal Market Value (US$ Million), Volume (units), and Market Share (2019-2028) Analysis by Metal Type
- Ferrous
- Iron & Steel
- Titanium
- Stainless Steel
- Non-Ferrous
- Aluminum
- Copper
- Lead
- Others (Zinc, Nickel, etc.)
- Global Recycled Metal Market Value (US$ Million), Volume (units), and Market Share (2019-2028) Analysis by End User
- Building & Construction
- Automotive
- Equipment Manufacturing
- Shipbuilding
- Packaging
- Consumer Appliances
- Aerospace
- Home & Industrial Furniture
- Global Recycled Metal Market Value (US$ Million), Volume (units), and Market Share (2019-2028) Analysis by Region
- North America Recycled Metal Market
- US
- Canada
- Latin America Recycled Metal Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Recycled Metal Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Recycled Metal Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Recycled Metal Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Recycled Metal Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Recycled Metal Market
- Ferrous
- Leading Companies and Market Players
- ArcelorMittal
- Aurubis AG
- Nucor
- Sims Limited
- Tata Steel
- European Metal Recycling Ltd.
- Dowa Holdings Co., Ltd.
- OmniSource, LLC
- CMC
- Schnitzer Steel Industries, Inc.
- Novelis Aluminium
- Norsk Hydro ASA
- Tom Martin & Co Ltd.
For more information about this report and market players
https://store.rationalstat.com/store/global-recycled-metal-market/ - tab-ux_global_tab
Key Questions Answered in the Recycled Metal Report:
- What will be the market value of the global recycled metal market by 2028?
- What is the market size of the global recycled metal market?
- What are the market drivers of the global recycled metal market?
- What are the key trends in the global recycled metal market?
- Which is the leading region in the global recycled metal market?
- What are the major companies operating in the global recycled metal market?
- What are the market shares by key segments in the global recycled metal market?
Explore Our Trending Reports
- Global Warehouse Automation Market- Global market for warehouse automation is growing significantly with a CAGR of 15% and is expected to reach US$ 38 billion in 2028.
- Global Welding Consumables Market- Global welding consumables market is expected to witness a strong growth rate of more than 5% during the projected period.
- Global Industrial Valve Market- Global industrial valve market is estimated to witness a moderate growth rate of over 4% during the forecast period of 2022-2028 and was valued at around US$ 70 billion in 2021
- Global Industrial Vacuum Cleaners Market- Global Industrial vacuum cleaners market is estimated to witness a moderate growth rate of more than 5% during the period of 2019-2028.
- Global Condensing Units Market- Global condensing units market is estimated to witness a high growth rate of more than 8% during the period 2019-2028.
- Global Battery Testing Equipment Market- Increasing electrification and battery testing procedure surging the demand for battery testing equipment
- Global Smart Meter Market- Global smart meter market is estimated to witness a significant growth rate of more than 7% during the period 2019-2028
- Global Telescopic Masts Market- Global telescopic masts market is expected to grow at a CAGR of 4.7% during the forecast period of 2023-2028.
- Global Automotive Battery Management System Market- Global automotive battery management system market is expected to grow at a CAGR of 15% over the forecast period of 2023-2028.
- Global 3D Printing Plastics Market- Global 3D printing plastics market is expected to grow at a CAGR of 21% over the forecast period of 2022-2028.
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
To get any Deep Down Insight on the Report- Raise a Query
About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
Contact
RationalStat LLC
Kimberly Shaw,
Content and Press Manager
US Phone: +1 302 803 5429
UK Phone: +44 203-287-1245
LinkedIn | Facebook | Twitter | Instagram | Pinterest
