U.S. Scrap Metal Recycling Market Is Predicted To Expand At A Noteworthy CAGR Of 5.4% By 2032


The U.S. scrap metal recycling market to expand at a 5.4% CAGR to opportunity worth US$ 6.4 bn by 2032. Non-ferrous scrap metal recycling holds 36.6% share.

us-scrap-metal-recycling-market-forecast-2022-2032

The U.S. scrap metal recycling market is currently estimated at US$ 9.2 billion and is predicted to expand at a noteworthy CAGR of 5.4% over the forecast years of 2022-2032. As such, the market is poised to generate an absolute dollar opportunity worth US$ 6.4 billion and reach a valuation of US$ 15.6 billion by the end of 2032.

The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of U.S. Scrap Metal Recycling Market both at worldwide and provincial levels.

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Market Players: -

  • American Pulverizer Company
  • Commercial Metal Company (CMC)
  • DBW Metals Recycling
  • Framingham Salvage Company
  • Gershow Recycling
  • Hindalco Novelis
  • Matalco Inc.
  • Nucor Corporation
  • Sims Metal Management Ltd.

The examiners have utilized various vast conspicuous business knowledge devices to unite realities, figures, and market information into income assessments and projections in the Market.

Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.

Competitive Landscape

Prominent players in the scrap metal recycling market in the U.S. are embracing ground-breaking marketing tactics such as technological advancements, which have revolutionized the whole process.

For instance, the development of certain technologies such as XRF is positively impacting the market by rapidly analyzing the chemical composition at material transfer points and thereby guaranteeing product quality.

All these factors are making the market more competitive and dynamic.

Market Developments:

  • Hindalco Industries Limited acquired Aleris in 2020. This acquisition is likely to take forward the aluminium value-added products strategy of the company and provide entry into the high-end aerospace industry.
  • Nucor Corporation acquired TrueCore, LLC in 2019. The company manufactures insulated metal panels and is based in South Carolina. It serves the market for cold storage and also runs the plans for additional industrial and commercial applications.Top of Form

Fact.MR has provided detailed information about the price points of key scrap metal recyclers positioned across the U.S., sales growth, production capacity, and speculative technological expansion, in the recently published report.

U.S. Scrap Metal Recycling Industry Survey by Category

  • U.S. Scrap Metal Recycling Market by Metal Type :

    • Ferrous Scrap Metal Recycling

      • Stainless Steel

      • Carbon Steel

      • Mild Steel

      • Cast Iron

    • Non-Ferrous Scrap Metal Recycling

      • Aluminium

      • Copper

      • Lead

      • Nickel

      • Zinc

      • Brass

      • Tin

      • Gold

      • Others

  • U.S. Scrap Metal Recycling Market by Scrap :

    • New Scrap Metal Recycling

    • Old Scrap Metal Recycling

  • U.S. Scrap Metal Recycling Market by Recycling Type :

    • Shearing

    • Shredding

    • Bailing

  • U.S. Scrap Metal Recycling Market by End User :

    • Automotive Industry

    • Shipbuilding Industry

    • Construction Industry

    • Mining Industry

    • Energy & Power Industry

    • Railway & Transportation

    • Aerospace & Defense

    • Oil & Gas Industry

    • Heavy Equipment Industry

    • Others

  • U.S. Scrap Metal Recycling Market by Region :

    • West U.S.

    • South-West U.S.

    • Mid-West U.S.

    • North-East U.S.

    • South-East U.S.

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

How Fact.MR Assists in Making Strategic Moves?

The data provided in the U.S. Scrap Metal Recycling Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

Customize this report for your specific research solution:https://www.factmr.com/connectus/sample?flag=RC&rep_id=7418?PJ 

About Fact.MR

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Published in

Industry

Published on

Jun 30, 2023

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