Market Research Future (MRFR) experts have prepared an in-depth analysis report that the Global Metal Recycling Market is bound to touch a size worth USD 434,551 million at a healthy CAGR of 8.04% during the forecast period (2018-2023). Metal recycling involves reprocessing of metal waste into reusable metal. This process reduces greenhouse gas emission levels, preserves natural resources, and also manages energy consumption. On account of these advantages, many governments across the globe are taking measures to promote metal recycling, which triggers the market growth.
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Factors driving the market expansion include presence of scrap vehicles, growth in energy savings with reduced greenhouse gas emission levels, elevating industrialization and urbanization in developing economies, and growing consumer awareness. Moreover, the infrastructure development and construction related activities in developing economies have led to massive demand for metal recycling. Another factor positively influencing the market size is the growing demand in numerous end-use sectors such as metal fabrication, electronics, medical & healthcare equipment, and automotive which take active part in the recovery of metal from scrap. The global metal recycling market observes colossal growth due to presence of market players playing a vital role in generating high revenue for the market. Increasing number of research and development activities, partnerships, and collaborations by leading manufacturers attracts more customers.
However time-consuming nature of the metal recycling process can cause hindrance to the market growth. On the other hand, the global market for metal recycling shows immense promise as there has been an increased awareness regarding the importance of resource efficiency and waste management. This will certainly lead to more applications in several industries across the globe.
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Metal Recycling – Segmental Analysis
The metal recycling market has been segmented on the basis of metal type, scrap type, end-user, and region.
The metal type is sub-segmented into ferrous and non-ferrous. The ferrous segment held the largest market share of 59.2% in 2017, accruing value of USD 164,667.4 million. It is expected to grow at the highest CAGR of 8.26% during the forecast period. The growth can be attributed to the growing recycling rate and the high scrap consumption across the globe.
Based on scrap type, the market is segmented on the basis of old scrap and new scrap. The old scrap segment held the largest market share of 66.8% in 2017, garnering USD 185,793.5 million and will expand further noting the highest CAGR of 8.43% during the forecast period.
The various end-users in the market are packaging, construction, shipbuilding, automotive, and others. Among all end-users, construction segment held the largest market share of 32.4% in 2017, amassing revenue worth USD 90,037.0 million. It will continue to enjoy a good run at a CAGR of 8.27% during the forecast period. Increased government funding, rapid urbanization, and growing population can propel segment growth, in turn, shaping the global metal recycling market positively.
Regional Outlook
Global Metal Recycling, by region, has been segmented on the basis of Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
Among all regions, Asia Pacific currently holds the top position in terms of market size globally and will maintain its position in the coming years. The region observes rapid economic development, burgeoning population, and several policies and regulations that support environmental conservation. Moreover, increasing labor force also underpins the market growth in the region. Emerging economies such as China, India, and Indonesia contribute massively to the regional market and propel the market growth in Asia Pacific.
The region of Americas is also taking noteworthy strides in the global market due to advancements in recycling technology and growing awareness regarding recycling. Moreover, the market has expanded on account of increasing focus among private sector companies and public sectors to offer environmental services, mainly aimed at efficient and sustainable utilization of natural resources. The region also enjoys immense government support with regard to policies and initiatives regarding environment benefits of recycling metals.
Europe is expected to maintain its notable position in the global market for metal recycling during the forecast period. Europe occupies almost 29% share of the market, as countries such as Germany, the U.K, France, Belgium, and the Netherlands are major exporters and importers of ferrous and non-ferrous scrap metals.
The Middle East and Africa market is growing steadily due to the established mining industry and growing economy along with continuous industrialization. International players are penetrating the regional markets in a bid to expand their customer base and also gain access to localized markets. Furthermore, awareness regarding the benefits of metal recycling is increasing in the region, which catapults the market expansion.
Metal Recycling Market – Competitive Dashboard
Some of the key players profiled in the report are European Metal Recycling, DOWA HOLDINGS Co., Ltd., Aurubis, Sims Metal Management, ArcelorMittal S.A., Nucor Corporation, Commercial Metals Company, Novelis Inc., Norton Aluminium Ltd., Kuusakoski Recycling REAL ALLOY, Tom Martin & Co Ltd, and others.
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FEB 26, 2020: The global Microcontroller market size is predicted to attain USD 47.74 billion by 2027, according to a new report by Radiant Insights, Inc.
The market is expected to witness a CAGR of 10.8% over the forecast period, owing to the increasing focus on automation and Artificial Intelligence (AI) across various verticals such as automotive and industrial.
Microcontrollers would play a crucial role in the development of such devices leading to the market growth.Rising need for agility and flexibility in the industrial ecosystem due to the reducing product lifecycles is expected to further spur the demand for MCUs.
Flexible production and asset management would also influence the factory integration, offering high potential for automation and customized solutions among industrial applications.Further key findings from the study suggest:The 32-bit microcontroller is anticipated to emerge as the fastest-growing product segment over the forecast period, owing to its ability to offer high computational power.
Technological developments in the production of semi-autonomous and fully autonomous driving systems also require 32-bit microcontrollers, thus driving the growth of the product segmentThe automotive application segment dominated the global market in 2019 and is estimated to witness a CAGR exceeding 11% over the forecast period.
Increasing demand for enhanced safety features, convenience functions, and entertainment systems, along with government regulations on emission control are driving the segment growthNorth America is expected to maintain its dominance over the forecast period.
With the growing demand for freight forwarders in Dubai, the challenges are also increasing.
Here we are going to introduce you to the top challenges faced by logistics companies nowadays: Top challenges faced by freight forwarders Higher costs at a global levelOne of the primary concerns of freight forwarding companies in Dubai is the higher costs of the services internationally.
Companies are left with no choice than either increasing their prices or reducing the quality of services.
Container capacity availability Freight forwarders in Dubai experience massive challenges for container capacity availability during their work.
Commoditizing freight forwarding makes it difficult Nowadays, businesses also indulge in trade activities at an international level.
Apart from all the above challenges, the greatest fear of freight forwarders in Dubai is the unforeseen challenges during transit.
The global nitrogenous fertilizers market size is projected to reach USD 140.51 billion by the end of 2026.
According to a report published by Fortune Business Insights, titled "Nitrogenous Fertilizers Market Size, Share & Industry Analysis, By Type (Urea, Calcium Ammonium Nitrate, UAN, Ammonium Sulphate, and Other Nitrogenous Fertilizers), By Crop Type (Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Turf & Ornamentals), and Regional Forecast, 2019 – 2026,” the market was worth USD 113.70 billion in 2018 and will exhibit a CAGR of 2.73% during the forecast period, 2019-2026.Nitrogenous fertilizers are products that are produced through combination of substances that are inclusive of nitrogen.
Recent advances in agricultural activities will emerge in favor of the companies operating in the market.
The increasing number of agricultural subsidies will bode well for nitrogenous fertilizer vendors across the globe.
The ability of nitrogenous fertilizers to improve the nutrient content of agricultural crop produce will lead to a wider adoption of the product across the world.Some of the companies that are operating in the market include:Yara International ASANutrien Ltd.EuroChem Group AG.CF Industries Holdings Inc.PJSC TogliattiazotKoch Fertilizers, LLCOCI NitrogenSinofert Holdings LimitedCoromandel International Ltd.URALCHEM Holding Plc.Industry Developments:January 2018: Tata Chemicals announced that it has completed the sale of its urea fertilisers business unit to YaraFertilisers India for an estimated INR 2,682 crore.Increasing Number of Company Collaborations Will Aid Market GrowthThe report encompasses several factors that have contributed to the growth of the market in recent years.
Due to the massive global customer reach of the company, this acquisition will not just help the company growth, but will also have a massive impact on the growth of the market in the coming years.Asia Pacific Holds the Highest market Share; Growing Demand for Crop Produce Will Aid GrowthThe report analyses the ongoing nitrogenous fertilizers market trends across North America, Latin America, Asia Pacific, and the Middle East and Africa.
The global nitrogenous fertilizers market size is projected to reach USD 140.51 billion by the end of 2026.
According to a report published by Fortune Business Insights, titled "Nitrogenous Fertilizers Market Size, Share & Industry Analysis, By Type (Urea, Calcium Ammonium Nitrate, UAN, Ammonium Sulphate, and Other Nitrogenous Fertilizers), By Crop Type (Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Turf & Ornamentals), and Regional Forecast, 2019 – 2026,” the market was worth USD 113.70 billion in 2018 and will exhibit a CAGR of 2.73% during the forecast period, 2019-2026.Nitrogenous fertilizers are products that are produced through combination of substances that are inclusive of nitrogen.
Recent advances in agricultural activities will emerge in favor of the companies operating in the market.
The increasing number of agricultural subsidies will bode well for nitrogenous fertilizer vendors across the globe.
The ability of nitrogenous fertilizers to improve the nutrient content of agricultural crop produce will lead to a wider adoption of the product across the world Increasing Number of Company Collaborations Will Aid Market GrowthThe report encompasses several factors that have contributed to the growth of the market in recent years.
The increasing number of company mergers and acquisitions has had a massive impact on the growth of the market.
The scope of global Acute Hospital Care Market was priced at US$ 2.4 trillion during 2018 and is projected to touch US$ 4.0 trillion by the completion of 2026, with an estimated CAGR of 6.7%.
The development can be credited to growing size of sick persons at hospitals for acute care, growing occurrence of long-lasting sicknesses, and promising compensation existing for the services over Medicaid and Medicare.Acute hospital care is a medicinal precautionary situation for a short-range.
It is intended to propose immediate and essential medicinal action and precaution by means of an intention to release patients once the treatment can be delivered carefully in a setting of low-level cautiousness.
This method of care is for those individuals, suffering from severe medicinal circumstances, complaints, illness, injuries, or else recovering from any sort of major surgical treatment.
Acute situations that is to say asthma attack, bronchitis, common cold, heart attack, broken bone, burn, flu, pneumonia and others require treatment in acute hospital care.Download Sample Report @ https://www.millioninsights.com/industry-reports/acute-hospital-care-market/request-sampleGrowing occurrence of trauma, increasing demand for acute care hospitals, growing size of elderly patient and unmet medicinal necessities in developing economies are likely to drive the development of the market.
Increasing number of hospitals, elderly people having acute sicknesses, improvement in healthcare substructure, better-quality compensation strategies, rising pharmacological production in addition to speedy progressions particularly in the offering of medicinal product boosts the development of the acute hospital care market.Regardless of these motivating factors, restricted availability of apparatus and services combined with poor quality organization of healthcare mainly in low and middle income nations may possibly act as restraints for the market for the duration of the forecast.Classification:The global acute hospital care industry can be classified by Service, Facility Type, Medical Situation and Region.
Hair Transplant Market Research Report: Information by Surgical Method, Surgery Type, End User) and Region- Forecast till 2023The global hair transplant market size is expected to exhibit a strong 24% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR).
The growing demand for hair transplants from emerging economies such as China is likely to be a vital driver for the global hair transplant market over the forecast period.
The economic background of the hair transplant market and regulatory factors set to affect the market in the coming years are also profiled in the report.
Donor grafts are surgically implanted onto the host’s body, mainly the scalp, to provide the latter with a full head of hair, which is the most often complaint associated with hair transplant surgeries.
Legacy hair transplants were known for their unreliability, as surgical processes hadn’t advanced to a point where hair transplant surgeries could guarantee strong, thick hair for a lifetime.
However, modern advances in cosmetic surgery and growing understanding about the skin surface and its interaction with various chemicals have led to a growing demand for highly developed hair transplant procedures.
