Metal Recycling Market - Global Industry Analysis, Growth, Trends, Forecast 2016 - 2024

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Metal Recycling Market - Global Industry
Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2024
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REPORT DESCRIPTION
Global Metal Recycling Market: Description
Metal recycling is the process of collecting scrap metal and redirecting it to a useful application. This helps reduce the amount of
metal extracted from the earth, thus reducing mining activities and eliminating the various harmful effects it has on the
environment. Since metals are an exhaustible resource, metal recycling has gained demand as a feasible method of reducing
the need for new extraction. The increasing demand for various kinds of metals all around the world, due in large part to the
rampant growth of urban infrastructure in developing economies, has played a major part in driving the metal recycling market.
The report on the global metal recycling market answers key questions about the global metal recycling market, shedding light
on all aspects of the market to provide a complete coverage. The competitive dynamics of the global metal recycling market, its
key segments, and the major trends observed in it are elucidated in the report, along with an analysis of the major driving and
restraining factors acting on the market.
Global Metal Recycling Market: Drivers and Restraints
The major driver for the global metal recycling market is the rapid growth of various end users of metal products. The
automotive industry and the construction industry are both experiencing booming sales figures at present, with the increasing
spending power of consumers in developing economies helping these industries add to the steady demand they enjoy in
developed regions. Asia Pacific, in particular, has witnessed urbanization at a rapid rate and on a massive scale, with countries
such as China, India, and South Korea going all out to catch up with the leaders of the global economy. This is a major factor
driving the global metal recycling market and is expected to remain influential in the years to come.
The electronics industry is also experiencing an unprecedented growth curve, with sales of smartphones and other consumer
electronics exhibiting record figures in several countries across the world. Various metals are used in electronics due to their
high endurance and mechanical strength and high electrical conductivity. As a result, the electronics industry has also emerged
as a significant patron of the global metal recycling market.
The rapid industrialization observed in Asia Pacific, Latin America, the Middle East, and developed parts of Africa has also helped
boost the demand for recycled metals. As the developing countries in these regions experience industrialization on a large scale,
the demand for advanced urban infrastructure will also rise in the coming years, propelling the global metal recycling market.
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Global Metal Recycling Market: Segmentation
The major types of metals recycled for further usage are ferrous metals and non-ferrous metals. Of these, ferrous metals, such
as iron and steel, dominate the global market for metal recycling. Ferrous metals are popular in construction and manufacturing
applications in various industries due to their high endurance and mechanical strength. In fact, steel scrap has already become
a major source of steel for the global steel industry.
Geographically, North America and Europe dominated the global metal recycling market in 2015. Widespread distribution of
urban infrastructure, the early adoption and increasing usage of consumer electronics, and supportive government regulations
to promote recycling have been the major drivers for the metal recycling market in the region.
Major companies in the global metal recycling market include ArcelorMittal, Commercial Metals Company, Nucor Corporation,
Aurubis AG, and Sims Metal Management Limited.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and
verifiable projections about market size. The projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every
facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
•
Market segments and sub-segments
•
Market trends and dynamics
•
Supply and demand
•
Market size
•
Current trends/opportunities/challenges
•
Competitive landscape
•
Technological breakthroughs
•
Value chain and stakeholder analysis
The regional analysis covers:
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North America (U.S. and Canada)
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Latin America (Mexico, Brazil, Peru, Chile, and others)
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Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
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Eastern Europe (Poland, Russia)
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Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
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Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned
analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and
mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment
over the forecast period.
Highlights of the report:
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A complete backdrop analysis, which includes an assessment of the parent market
•
Important changes in market dynamics
•
Market segmentation up to the second or third level
•
Historical, current, and projected size of the market from the standpoint of both value and volume
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Reporting and evaluation of recent industry developments
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Market shares and strategies of key players
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Emerging niche segments and regional markets
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An objective assessment of the trajectory of the market
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Recommendations to companies for strengthening their foothold in the market
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Metal recycling is the process of collecting scrap metal and redirecting it to a useful application. This helps reduce the amount of metal extracted from the earth, thus reducing mining activities and eliminating the various harmful effects it has on the environment. Since metals are an exhaustible resource, metal recycling has gained demand as a feasible method of reducing the need for new extraction. The increasing demand for various kinds of metals all around the world, due in large part to the rampant growth of urban infrastructure in developing economies, has played a major part in driving the metal recycling market. Browse Full Report With ToC:http://www.transparencymarketresearch.com/metal-recycling-market.html