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Reprocessed metal market Growth Overview by Construction, Manufacturing And Industrial Sectors, 2025

Author : Rahul Varpe | Published Date : 2019-11-19 

Reprocessed metal market share for electrical & electronics is projected to witness gains close to 4% by 2024. Metals are broadly used in the electrical & electronics industry due to its magnetic properties which is advantageous in several electronic applications.

Non ferrous metals are used in electronics such as in printed circuit, computer chips, electrical switches, keyboard membranes, etc. owing to its thermal and electrical conductivity. The unique chemical and physical properties possessed by metals along with consistently advancing technologies in the electronics sector will contribute significantly to the global Reprocessed metal market by 2024.

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Middle East construction industry is growing rapidly which is mainly due to stabilized crude oil prices which has resulted in rising investment in infrastructure projects. For instance, government in the Middle East has made substantial investment on the Projects such as King Abdulla Economic city in Saudi Arabia, Lusail city in Qatar, Oman rail network and Al Zour refinery in Kuwait. This will trigger demand for recycled metal mainly steel, iron, copper and aluminum. The abovementioned trends will make notable contribution to the Reprocessed metal market in the forecast timeframe.

Strong growth in transportation and electrical & electronics industry mainly in the U.S. will also help trigger metal demand which is mainly due to consistently upgrading & advancing technology which is in line with evolving consumer's preference. These aforementioned trends will have a significant influence on the overall Reprocessed metal market by 2024.

Lack of highly competent recycling processes which can completely recover the metal from scrap is a main restraint which may hinder the overall Reprocessed metal market. Aluminum can only be recovered close to 35% from the scrap metal. Nonetheless, strong emphasis on reducing waste generated and its impact on the environment will generate ample opportunities for reprocessed metal market by 2024.

In volume terms, recycled ferrous metals market generated close to USD 550 million in 2017. It is primarily due to its comprehensive applications across transport, electronics, industrial machinery, defense and construction sector. Iron and steel are used in the construction industry is in building, steel frame works, bridges, etc., owing to its superior properties such as high tensile strength, durability and reliability to avoid wear & tear in the longer run. The aforementioned trends will support in attaining considerable gains to the global reprocessed metal market by 2024.

Partial Chapter of the Table of Content:

Chapter 3. Recycled Metal Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2014 - 2024

3.3.  Industry ecosystem analysis

3.3.1.     Raw material analysis

3.3.2.     Manufacturing trends

3.3.3.     Profit margin

3.3.4.     Value addition

3.3.5.     Distribution channel analysis

3.3.6.     Vendor matrix     List of key raw material suppliers     List of key manufacturers/distributors     List of key/potential customers

3.4.  Innovation & sustainability

3.4.1.     Patent analysis

3.4.2.     Technology landscape

3.4.3.     Future trends

3.5.  Industry impact forces

3.5.1.     Growth drivers       Global drivers        Rapidly growing construction industry in the Asia Pacific and the Middle East        Strong product demand from electrical & electronics industry in North America        Stringent & supporting legislations for metal recycling in Europe

3.5.2.     Industry pitfalls & challenges       Inefficient recycling process

3.6.  Regulatory landscape

3.6.1.     U.S.

3.6.2.     Europe

3.6.3.     China

3.7.  Growth potential analysis

3.8.  Regional price trends

3.8.1.     Cost structure analysis     R&D cost     Manufacturing & equipment cost     Raw material cost     Distribution cost     Operating cost     Miscellaneous cost

3.8.2.     Price by metal

3.8.3.     Price by end-user

3.9.  Competitive landscape, 2018

3.9.1.     Company market share analysis, 2018

3.9.2.     Strategic dashboard

3.10.        Porter’s analysis

3.10.1.   Supplier power

3.10.2.   Buyer power

3.10.3.   Threat of new entrants

3.10.4.   Threat of substitutes

3.10.5.   Industry rivalry

3.11.      PESTEL analysis

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Prominent recycled metal manufacturers are Nucor, Steel Dynamics, Schnitzer Steel, Sims Metal, Novelis, ELG Haniel and European Metal Recycling. These manufacturers are rigorously engaged in acquisition, joint ventures and partnerships to expand its market presence. For instance, Steel Dynamics acquired assets from Sims Metal Management. The move was intended to support its Columbus flat roll division plant.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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