U.S. Scrap Metal Recycling Market to Hit US$ 15.6 Billion at a CAGR of 5.4% by 2032

Currently valued at US$ 9.2 billion, the U.S. scrap metal recycling market is expected to grow at a remarkable CAGR of 5.4% from 2022 to 2032. Thus, by the end of 2032, the market is expected to be valued at US$ 15.6 billion and have an absolute dollar potential of US$ 6.4 billion.

The offer in this section includes a variety of opportunities, such as the ability to manufacture goods and provide retail, wholesale, and exhibiting services. The researchers at Fact.MR have used extensive rounds of both necessary and optional research to arrive at various estimations and projections for the demand of the U.S. scrap metal recycling market at both the global and provincial levels.

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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

Key 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.

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