The top three vendors of recycled metal, namely, Sims
Metal Management Ltd., European Recycled Metal, and OmniSource
Corporation, together account for a mere 14.5% of the global market
in 2015, with smaller players making up for an incredible 78.6%. This
clearly indicates the high level of fragmentation in the recycled
metal market.
Transparency Market Research has observed that given
the presence of a number of players of various shares and sizes in
the global market, the intensity of competition among established
vendors is likely to remain high. “Large capital investments and
fixed costs made at initial stages have rendered exiting this market
extremely difficult,” a TMR analyst states. “Moreover, the degree
of market profitability is rather low. These factors have resulted in
the intense competition in the recycled metal market.”
This 202 page report gives readers a comprehensive
overview of the Recycled Metal market. Browse through 93 data tables
and 37 figures to unlock the hidden opportunities in this market@
In addition to high exit barriers, the entry of new
players is just as challenging owing to the same reasons. “High
initial capital investment for the setting up of new recycling
facilities, for the installation of equipment and machinery, and for
access to raw material and appropriate technologies mean that new
entrants in the recycled metal market are not likely to pose much of
a threat to existing vendors,” the analyst observes.
Demand for Recycled Metal Surges with Rapid Pace
of Urbanization and Industrialization
Recycled metals find application in several end-use
industries such as building and construction, electrical and
electronics, industrial machinery, automotive, and shipbuilding. The
building and construction sector is the leading consumer of recycled
metals, followed by the automotive industry.
“The demand for recycled metal in the building and
construction industry has risen owing to the surge in
construction-related activities, especially in emerging economies,”
the author of the study notes. “This can be attributed to the rapid
pace of urbanization and industrialization in these developing
regions and the surge in infrastructure development.”
The demand for recycled metals in the automotive
sector is likely to increase at the fastest pace from 2016 to 2024.
The segment is anticipated to register a 4.5% CAGR during the
forecast period, driven by the rising demand for recycled steel,
iron, and aluminum.
Get accurate market forecast and analysis on the
Recycled Metal market. Request a sample to stay abreast on the key
trends impacting this market@
Steady Growth in Store for Global Market by Volume
and Value
The market for recycled metals is a massive one. The
market is estimated to be worth US$476.2 bn by the end of the
forecast period, increasing from US$312.9 bn in 2016 at a 4.8% CAGR
therein. The global demand stands to grow at a 4.1% CAGR from 2016 to
2024. Asia Pacific is the largest regional market for recycled metals
enjoying a volume share of 45.2% in 2015. By product, ferrous metals
are estimated to continue leading the recycled metals market in terms
of volume, registering a 4.1% CAGR during the forecast period.
This review is based on the findings of a TMR report
titled “Recycled Metal Market: Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2015-2023.”
The recycled metal market has been divided into
the following segment
Recycled Metal Market – Product Segment Analysis
- Ferrous
- Non-ferrous
- Others (Including Precious Metals, etc.)
Recycled Metal Market – End-user Analysis
- Building & Construction
- Automotive
- Electrical & Electronics
- Shipbuilding
- Industrial Machinery
- Others (Including Household Appliances, etc.)
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