Recycled Metal Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2025
According to a new research report by Global Market
Insights, Inc. Recycled Metal Market size is forecast to exceed USD 85 billion
by 2025 Recycled metal market has indeed carved out a momentous place for
itself in the realm of advanced materials, plausibly on account of the growing
concern among metal product manufacturers regarding the sustainability benefits
of metal recycling. With the proliferation of rapid industrialization and
urbanization trends across the globe, the demand for metals has observed a
meteoric rise.
Having considered the adverse impact of mining on the
environment, metal product manufacturers have been inclining toward recycled
metals, thereby providing a major impetus to recycled metals industry. As of
now, the crucial matter of contention about global warming due to rise in
carbon dioxide emissions in the environment has been fueling the need for
recycling.
Speaking about the initiatives taken by the
regional governments with regards to metal recycling, it would be imperative to
mention the instance of the Rwanda government having undertaken significant
steps to strengthen the industrial sector in the region by encouraging the
practice of metal recycling. In accordance, the government has taken efforts to
establish metal scrap collection centers from where the waste metal can be
recollected and recycled into construction materials like iron bars
.
The Rwanda government
also framed a national e-waste management strategy through which it has been
providing incentives for metal scrap collection and establishment of
dismantling facilities. The efforts undertaken by the Rwanda administrative
body are indeed an apt instance demonstrating the role that governments have to
play in the growth of recycled metal industry size.
The regional electrical
& electronics domain is lately on a tremendous rise on account of the
constant upgradations in electronic architecture and the ever-changing demand
of consumers with regards to electronic goods. Driven by the widespread
applications of recycled metal for metal plating electronic components through electrodeposition,
North America recycled metal industry is forecast to accrue substantial
valuation in the ensuing years.
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.
Browse Complete Summary of this report @
https://www.gminsights.com/industry-analysis/recycled-metal-market
https://www.gminsights.com/industry-analysis/recycled-metal-market
Geographically speaking, APAC has also strongly consolidated its
position in the global recycled metal industry. Driven by a stringent
regulatory spectrum that mandates norms pertaining to environmental protection,
APAC recycled metal market share is anticipated to grow at a CAGR of 4% over
2019-2025. The ecological concerns can be attributed to the surging number of
mining activities for iron ore. Additionally, rising awareness is being
generated in the region regarding the usage of recycled metals, pertaining to
the fact that they provide companies with alternative economic savings in manufacturing.
The adoption of highly strategic business tactics is certain to
have a transformational impact on the growth of recycled metal industry share.
Additionally, the increasing awareness among regulatory bodies and private
companies about the economic benefits of using recycled metal for new product
manufacturing and infrastructure developments is also likely to augment the
commercialization scale of this business space.
Driven by the extensive
consumption of recycled metal across myriad industry verticals such as
automotive, construction, aerospace, construction, F&B, consumer
electronics, and packaging, recycled metal market will surpass a revenue
collection of USD 85 billion by the end of 2025.
About Global Market Insights, Inc.
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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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Connect with us twitter | LinkedIn | Facebook | Google+
Recycled Metal Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2025
Reviewed by GMI
on
October 01, 2019
Rating:
Reviewed by GMI
on
October 01, 2019
Rating:
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