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,...