Market Research Reports

The global recycled metal market is highly fragmented as top three vendors, namely OmniSource Corporation, European Recycled Metal, and Sims Metal Management Ltd. accounted for 14.5% of the global market in 2015 and smaller players contributed to about 78.6%. However, the companies such as Nucor Corporation and Schnitzer Steel Industries, Inc., have also emerged as prominent players in this market. The presence of high number of small players is expected to keep the intensity of the competition high during the forecast period. In this report, Transparency Market Research has estimated that in 2015 the global recycled metal market was valued at around US$312.9 bn and is expected to reach US$476.2 bn by end of the year 2024, exhibiting a staggering CAGR of 4.8% for the forecast period 2016-2024. Browse Market Research Report @  http://www.transparencymarketresearch.com/metal-recycling-market.html In addition to high exit barriers, the entry of new players is just as chall...

The highly fragmented vendor landscape of the   global recycled metal market   features intense competition, a rather low degree of profitability, and high exit barriers owing to the high initial investment required to set up a new recycling facility, observes Transparency Market Research in a recent report. The report states that the top three vendors in the market, namely OmniSource Corporation, European Recycled Metal, and Sims Metal Management Ltd., collectively accounted for a mere 14.5% of the market in 2015, with small- and medium-sized regional and domestic vendors holding a massive 78.6%. In addition to intense competition and high exit barriers, the entry of new companies in the market is also highly challenging owing to the same factors. The high investment required at the time of setting up new recycling facilities, for setting up ties with suppliers of raw materials, and for installing complex machineries is expected to keep the threat of new entrants low in t...