Recycled Metal Market
The Global Recycled Metal Market reached US$ 2.5 bllion in 2023 and is expected to reach US$ 4.7 million by 2031, growing with a CAGR of 8.1% during the forecast period 2024-2031.
The Recycled Metal Market, as analyzed by DataM Intelligence, offers a comprehensive industry overview backed by in-depth insights, historical trends, and key statistics. The report dives deep into market dynamics and competitive strategies, profiling major players along with their product portfolios, pricing models, financial performance, growth initiatives, and regional presence.
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The Recycled Metal Market is where waste metal gets a second life. It’s collected, processed, and sold to manufacturers, reducing waste and environmental harm. This eco-friendly loop supports sustainable industries, cuts mining demand, and saves energy. From old cars to discarded appliances, recycled metal fuels new products, making it a key player in the green economy and responsible consumption.
Major players in the Recycled Metal Market
The prominent players in Recycled Metal market research report are: Nucor Corporation, ArcelorMittal, Sims Metal Management Ltd., Commercial Metals Company, Schnitzer Steel Industries, Inc., Kuusakoski Group Oy, European Metal Recycling Ltd., Aurubis AG, Novelis Inc. and American Iron & Metal Co.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
May 2023 – Orbex launched the world’s first verified marketplace for recycled metals, creating a global trading platform for sustainable commodities. This initiative ensures transparency and traceability in the trade of eco-friendly metals, supporting circular economy goals.
August 2023 – Researchers at TU Bergakademie Freiberg (Germany), as part of the EU-funded “Recycalyse” project, developed an innovative recycling method for hydrogen electrolysis materials. The breakthrough focuses on recovering and reusing electrode materials, advancing sustainable hydrogen production in line with circular economy principles.
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Market Segments
By Type: Ferrous Metal, Non-Ferrous Metal.
By Application: Construction, Automotive, Electronics and Electricals, Industrial Machinery, Others.
The Recycled Metal industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Recycled Metal Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America – US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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This release was published on openPR.
