Recycled Metal Market Trends, Growth Forecast 2018 – 2024

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Recycled Metal Market Growth, Application
Analysis from 2018 to 2024
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Global Market Scenario of Recycled Metal Market

• 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.
  However, 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.
• Consequently, activities such as mining and solid
  waste accumulation in landfills that lead to the
  destruction of biodiversity have been cast in a
  negative light, resulting in a massive shift of
  preference toward recycled metals.
• Also, regional governments and private companies
  are likely to save up on capital post adopting
  the practice of recycling metals, given that the
  energy consumed for metal recycling is far lesser
  as compared to extracting ores.

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• In effect, metal recycling only serves to give
  rise to a sustainable economy that seems to be
  the need of the hour, the recognition of which
  has led to a major spurt in recycled metals
  demand across myriad geographies.
• 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.

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U.S. Recycled Metal Market Size, By End-user,
2013 - 2024 (USD Million)
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360 Industry Analysis

• 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.

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• Regional Analysis
• North America recycled metal industry has gained
  exceptional prominence across the globe in the
  last couple of years, which can be credited to
  the rapidly expanding electrical electronics
  sector in the region. Already a technological hub
  in itself, the region houses a plethora of EE
  companies that contribute toward the countrys
  GDP. 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.
• Competitive Analysis
• Some of the major processed metal industry
  players are Nucor Corporation, Aurubis Ag, Steel
  Dynamics, Novelis, Commercial Metal Company, Sims
  Metal Management, European Metal Recycling, ELG
  HanielGmbh and Schnitzer Steel.

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