Ferrous Scrap Metal Recycling Market is Poised to Surpass US$ 103 Bn by 2031 End

Key Segments Covered

• Metal Type

  • Ferrous Scrap Metal Recycling
    • Stainless Steel Scrap Metal Recycling
    • Carbon Steel Scrap Metal Recycling
    • Mild Steel Scrap Metal Recycling
    • Cast Iron Scrap Metal Recycling
    • Others
    • Non-ferrous Scrap Metal Recycling
  • Aluminum Scrap Metal Recycling
    • Copper Scrap Metal Recycling
    • Lead Scrap Metal Recycling
    • Nickel Scrap Metal Recycling
    • Zinc Scrap Metal Recycling
    • Brass Scrap Metal Recycling
    • Tin Scrap Metal Recycling
    • Gold Scrap Metal Recycling
    • Others

• Scrap Type

  • New Scrap Metal Recycling
  • Old Scrap Metal Recycling

• Industry

  • Building & Construction Scrap Metal Recycling
  • Automotive Scrap Metal Recycling
  • Industrial Manufacturing Scrap Metal Recycling
  • Electricals Scrap Metal Recycling
  • Shipbuilding Scrap Metal Recycling
  • Consumer Electronics Scrap Metal Recycling
  • Others

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Scrap Metal Recycling Market- Scope of Report

A recent study by Fact.MR on the scrap metal recycling market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging associated with the manufacturing of scrap metal recycling.

The study also provides the dynamics responsible for influencing the future status of footwear market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the scrap metal recycling market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers a comprehensive analysis of diverse features, including production capacities, demand, product developments, revenue generation, and sales of scrap metal recycling across the globe.

A comprehensive estimate of the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of scrap metal recycling during the forecast period. Price point comparison by region with the global average price is also considered in the study.

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (Tons) and value (US$ Mn).

Estimates at global and regional levels for scrap metal recycling are available in terms of “US$ Mn” for value and in “Tons” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.

Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global scrap metal recycling market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which has helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the scrap metal recycling market during the forecast period.

Country-specific valuation on demand for scrap metal recycling has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading providers of scrap metal recycling services, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering scrap metal recycling have been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which includes essentials such as product portfolios and key strategies, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the Scrap Metal Recycling domain.

Key Takeaways from Market Study

• High demand for new scrap likely to be witnessed
• Stainless steel to remain the leading segment in terms of metal
• Rise in requirement from building & construction industry to augment demand growth
• The United States to exhibit hegemony in the scrap metal recycling industry, especially in North America
• Germany to take the limelight in Europe’s market for scrap metal recycling
• Asia Pacific to exhibit fastest growth throughout the forecast period
• The United Kingdom, Canada, South Korea, France, Canada, Italy, and a few other countries to maintain positive market outlooks during the forecast period

“Demand for scrap metal recycling is projected to gain traction as key end-use sectors such as automotive, building & construction, and others are recovering steadily from the COVID-19 pandemic. Furthermore, growing preference for ferrous metals such as carbon steel, stainless steel, and mild steel is set to aid in industry revenue growth over the coming years,” says a Fact.MR analyst.