What is Driving Demand for the Scrap Metal Recycling The global scrap recycling industry is expanding steadily with rise in demand from key enduse sectors such as building & construction, automotive, and electricals, to name a few, and is subject to expand further over the coming years. Stainless steel will remain the most recycled scrap metal over the coming years. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5792 The latest report on scrap metal recycling by Fact.MR offers detailed analysis of the global industry, along with new trends, demand-supply trajectories, and growth & restraining factors for the forecast period of 2021 to 2031. As stated in the report, the United States, Germany, China, India, Japan, and a few other countries will have a major share on the market, while Asia Pacific will exhibit the fastest growth rate throughout the forecast period. The global scrap metal recycling market is projected to ascend at around 5.5% CAGR through 2031. 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 For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5792 Market Segmentation by Category
Metal o 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 o Non-ferrous Scrap Metal Recycling Aluminum Scrap Metal Recycling Copper Scrap Metal Recycling Lead Scrap Metal Recycling Nickel Scrap Metal Recycling