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Transparency Market
Research
Recycled Metal Market (Product Segment - Ferrous,
Non-ferrous; End-user - Building & Construction,
Automotive, Electrical & Electronics, Shipbuilding,
Industrial Machinery) - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024
Published Date
08-July-2016
202 Page Report
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Press Release
Global Recycled Metal Market: Metal Recycling from E-waste
to Spearhead Future Growth, says TMR
Transparency Market Research
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90, State Street, Suite 700.
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Recycled Metal Market
REPORT DESCRIPTION
Recycled Metal Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 2024
The global recycled metal market is highly fragmented with the top five players accounting for 21.4% of the
market in 2015, states Transparency Market Research in its new study. These players are Sims Metal
Management Ltd., European Recycled Metal, Omni Source Corporation, Schnitzer Steel Industries, Inc., and
Nucor Corporation. The degree of competition is expected to be high owing to low profit margins. The threat of
new entrants is predicted to be low to moderate. This is because players are likely to experience challenges in
acquiring raw material and equipment. In addition to this, the initial capital investment for establishing a new
recycling plant entails high costs. However, there is a medium threat of forward integration from metal
collectors.
The metal extracted from mining and ores is a threat to the demand for recycled metals. Thus, the threat of
substitutes is expected to remain high owing to the high performance and quality of the substitute over
recycled metals. According to the report, the global recycled metal market is expected to rise from
US$312,898.6 mn in 2015 to US$476,232.3 mn by 2024, expanding at a 4.8% CAGR from 2016 to 2024. By
product, the ferrous segment is...