Recycled Metal Market Size 2019, Forecasts 125 billion USD by 2024, 323 pages report

Global Market Insights, Inc. has recently added a new report on recycled metal market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of recycled metal industry.

Selbyville, United States - May 9, 2019 /MarketersMedia/ —

The recycled metal market share for electrical & electronics is projected to witness gains close to 4% by 2024. Metals are broadly used in the electrical & electronics industry due to its magnetic properties which is advantageous in several electronic applications. Non ferrous metals are used in electronics such as in printed circuit, computer chips, electrical switches, keyboard membranes, etc. owing to its thermal and electrical conductivity. The unique chemical and physical properties possessed by metals along with consistently advancing technologies in the electronics sector will contribute significantly to the global market by 2024.

According to the report by GMI, the recycled metal market size is forecast to exceed USD 125 billion by 2024. North America electrical & electronics industry is on the rise which is due to consistently changing consumer’s preferences and continuous technology upgradation. Furthermore, precious metals such as gold, silver, platinum, rhodium, etc. are also widely applicable in the electronics industry owing to its unique physical and chemical properties which provides reliability to the electronics sector. It will help attain significant gains to the global recycled metal market share by 2024.

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Some of the Recycled Metal Market Regional Global drivers:-
3.5.1.1.1. Rapidly growing construction industry in the Asia Pacific and the Middle East
3.5.1.1.2. Strong product demand from electrical & electronics industry in North America
3.5.1.1.3. Stringent & supporting legislations for metal recycling in Europe

Another pivotal reason responsible for the growth of North America recycled metal market is the presence of an increasing number of core companies that have been rather proactively adopting strategic tactics to consolidate their stance in the home continent and overseas. For instance, merely a few days ago, the aluminum recycling company, Novelis signed an agreement to acquire a leading manufacturer of recycled aluminum products, Aleris. In 2016, Aleris used nearly 734,000 metric tons of recycled aluminum in its products. The company majorly supplies its recycled metal products to the defense, automotive, construction, aerospace, and packaging industries. Consequently, this acquisition will prove to be beneficial for Novelis not only in terms of business expansion but also in terms of retaining Aleris’s widespread customer base.

Recycled non ferrous metal market size was valued more than USD 90 billion in 2017. Non ferrous metals such as aluminum, copper, lead, precious metals and other metals such as nickel, zinc, tin, palladium, etc. These metals find wide-ranging applications across construction, electrical & electronics, transport, consumer goods, industrial machinery, nuclear, military and several other end-user industry.

Browse key industry insights spread across 323 pages with 448 market data tables & 32 figures & charts from the report, “Recycled Metal Market Size By Metal (Ferrous, Non-ferrous [Aluminum, Copper, Lead, Precious Metals]), By End-user (Building & Construction, Transport, Industrial Machinery, Electrical & Electronics, Defense, Packaging, Consumer Goods, Nuclear, Military, Jewellery, Coins, Chemical), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/recycled-metal-market

Middle East construction industry is growing rapidly which is mainly due to stabilized crude oil prices which has resulted in rising investment in infrastructure projects. For instance, government in the Middle East has made substantial investment on the Projects such as King Abdulla Economic city in Saudi Arabia, Lusail city in Qatar, Oman rail network and Al Zour refinery in Kuwait. This will trigger demand for recycled metal mainly steel, iron, copper and aluminum. The abovementioned trends will make notable contribution to the recycled metal market in the forecast timeframe.

Key recycled metal market players are Sims Metal Management, Steel Dynamics, European Metal Recycling, Nucor Corporation, ELG HanielGmbh, Schnitzer Steel and Novelis. The market players are expanding their capacity to process metal to attain profitability in the market.

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Partial Table of Contents (ToC) form the report:
Chapter 4. Recycled Metal Market, Metal By End-user
4.1. Recycled metal market share of metal by end-user, 2017 & 2024
4.2. Ferrous
4.2.1. Market estimates and forecast of metal by end-user, 2013 – 2024
· Building & construction
· Transport
· Industrial machinery
· Electrical & Electronics
· Defense
· Others
4.2.2. Market estimates and forecast by region, 2013 – 2024
4.3. Non-ferrous
4.3.1. Market estimates and forecast of metal by end-user, 2013 – 2024
· Building & construction
· Transport
· Packaging
· Electrical & Electronics
· Industrial machinery
· Consumer products
· Nuclear industry
· Military
· Jewellery
· Coins
· Chemical
· Others
4.3.2. Market estimates and forecast by region, 2013 – 2024
4.3.3. Aluminum
4.3.3.1. Market estimates and forecast of non ferrous metal by end-user, 2013 – 2024
· Building & construction
· Transport
· Packaging
· Electrical & Electronics
· Industrial machinery
· Others
4.3.3.2. Market estimates and forecast by region, 2013 – 2024
4.3.4. Copper
4.3.4.1. Market estimates and forecast of non ferrous metal by end-user, 2013 – 2024
· Electrical & Electronics
· Transport
· Building & Construction
· Consumer products
· Industrial machinery & equipment
· Others
4.3.4.2. Market estimates and forecast by region, 2013 – 2024
4.3.5. Lead
4.3.5.1. Market estimates and forecast of non ferrous metal by end-user, 2013 – 2024
· Building & construction
· Transport
· Electrical & telecommunication
· Nuclear industry
· Military
· Others
4.3.5.2. Market estimates and forecast by region, 2013 – 2024
4.3.6. Other non ferrous
4.3.6.1. Market estimates and forecast of non ferrous metal by end-user, 2013 – 2024
· Building & construction
· Transport
· Electrical & telecommunication
· Industrial machinery
· Others
4.3.6.2. Market estimates and forecast by region, 2013 – 2024
4.3.7. Precious metal
4.3.7.1. Market estimates and forecast of non ferrous metal by end-user, 2013 – 2024
· Electronics
· Jewellery
· Coins
· Transport/Auto catalyst
· Chemical
· Other
4.3.7.2. Market estimates and forecast by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/recycled-metal-market

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Website: https://www.gminsights.com/pressrelease/recycled-metal-market

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