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/EIN News/ -- Dublin, Ireland:, June 20, 2022 (GLOBE NEWSWIRE) -- The Europe scrap metal recycling market is projected to expand at 5.5% CAGR to be valued at US$ 29.1 billion by 2032, as per the market research report released by Fact.MR, a market research and competitive intelligence provider. The market registered a historical growth of 3.8% during the 2017-2021 period.
Strong economic growth helps particular sectors to grow at an accelerated rate. With the rise in commercial and residential projects, such as new industrial plants, the scrap metal industry is winning as this creates challenges for disposing scrap waste. This factor is likely to generate additional revenue opportunities for prominent scrap metal recycling solution providers in Europe over the coming years.
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Key Takeaways from Market Study
Key players in the European metal scrap recycling industry are focusing on innovation and incorporating product development technologies, which are poised to create lucrative market opportunities over the coming years.
Moreover, market players are also eyeing resource efficiency and are investing in intelligent sourcing systems that have the ability to boost production capacity and allow for additional revenues.
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Europe Scrap Metal Recycling Industry Survey by Category
Fact.MR, in its new offering, presents an unbiased analysis of the Europe scrap metal recycling market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by metal type (ferrous (stainless steel, carbon steel, mild steel, cast iron), non-ferrous (aluminum, copper, lead, nickel, zinc, brass, tin, gold, others)), scrap (new scrap, old scrap), recycling type (shearing, shredding, bailing), and end user (automotive industry, shipbuilding industry, construction industry, mining industry, energy & power industry, railway & transportation, aerospace & defense, oil & gas industry, heavy equipment industry, others), across major countries of Europe (Germany, Italy, France, Spain, U.K., Russia, BENELUX, and the Rest of Europe).
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Fact.MR’s Domain Knowledge in Industrial Goods Division
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over a thousand reports and 1 Billion-plus data points, the team has analysed the industrial goods division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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