Global Recycled Metal Market: Metal Recycling from E-Waste to Spearhead Future Growth, Says Tmr

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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Global Recycled Metal Market: Metal Recycling from E-waste

to Spearhead Future Growth, says TMR

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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...