Tmr Says Automotive to Become Key Target Segment of Companies in Recycled Metal Market by 2024

Transparency Market

Research

Recycled Metal Market - Global Industry Analysis, Size,

Share, Growth, Trends, and Forecast 2016 - 2024

Published Date

08-July-2016

202 Page Report

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TMR says Automotive to become Key Target Segment of

Companies in Recycled Metal Market by 2024 : TMR

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Recycled Metal Market

REPORT DESCRIPTION

Recycled Metal Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 2024

Transparency Market Research has published a new report titled “Recycled Metal (Ferrous, Non-ferrous,

and Others) Market for Building & Construction, Automotive, Electrical & Electronics, Shipbuilding,

Industrial Machinery, and Other End-users – Global Industry Analysis, Size, Share, Growth, Trends,

and Forecast, 2016–2024.” According to the report, the global market for recycled metal was valued at US$

312.90 Bn in 2015 and is anticipated to reach US$ 476.23 Bn by 2024, expanding at a CAGR of 4.8% between

2016 and 2024.

Recycled metals can be produced from scrap in an energy efficient way through metal recycling. Scrap

collected from end-of-life vehicles, machineries, electrical and electronic devices, and construction materials

can be reused through further processing to produce metals. Recycling of scrap eliminates the need for further

mining and thus helps lower the dependence on natural resources. Furthermore, recycling enables utilization

of scrap generated from discarded materials. Collected scrap is sorted and then distributed for shearing to

reduce the size. The scrap then undergoes baling, shredding, and separation to recycle metals. Recycled

metals are widely used in various end-user industries such as building & construction, automotive, electrical &

electronics, shipbuilding, industrial machinery, and household appliances....