Recycled Metal Market
REPORT DESCRIPTION
Recycled Metal Market - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast 2016 - 2024
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 .”
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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 constructionrelated 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 .”
Transparency Market Research
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