Global Recycled Metals market will reach 339.53 billion US$ by the end of 2023

Publisher: QYResearch
Published Date: 2019/8/19

Recycled metals is in use for a broad range of building and construction. Recycled metals are valuable materials that can be recycled again and again without degrading their properties. Their usefulness is creating a good opportunity for the global recycled metals market. The manufacturers are also exploring the potential of recycled metals in automotive sector as the demand for automobiles continues to soar at a phenomenal pace. Recently, there is a demand for recycled metals in equipment manufacturing along with shipbuilding, consumer appliances, battery, and packaging. Emergence of these sectors have their positive impact on recycled metals market.

In 2018 the global recycled metals market was valued at US$293.29 bn and by the end of the assessment year of 2023. This market is estimated to touch a value more than US$339.53 bn growing at a value CAGR of 2.97% throughout the period of forecast.

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