Global Recycled Materials Market Size By Application (Paper, Plastic, Steel, E waste) And By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Recycled Materials Market Size By Application (Paper, Plastic, Steel, E waste) And By Geographic Scope And Forecast
Recycled Materials Market Size And Forecast
Recycled Materials Market size was valued at USD 1,65,190.1 Million in 2023 and is projected to reach USD 3,57,480.7 Million by 2030, growing at a CAGR of 12.14% from 2024 to 2030.
The Global Recycled Materials Market is a dynamic and transformative sector, driven by the escalating demand for sustainable and eco-friendly solutions. It is imperative to recognize the pivotal role of recycled materials in mitigating environmental impact and fostering a circular economy. This market encompasses diverse materials, ranging from plastics and metals to paper and textiles, with a focus on reprocessing and reutilization. Key factors influencing market dynamics include heightened environmental consciousness, stringent regulations, and an increasing emphasis on corporate social responsibility. The market’s evolution presents multifaceted opportunities and challenges, shaping a landscape where innovation and resource efficiency converge for a greener future.
Global Recycled Materials Market Overview
The Global Recycled Materials Market has emerged as a linchpin in the paradigm shift toward sustainable and circular economic models. Comprising a diverse spectrum of materials, including plastics, metals, paper, and textiles, the market underscores the imperative to reprocess and reutilize resources. This resonates with the escalating global commitment to environmental stewardship and sustainable development. The market is witnessing a surge in demand, propelled by an unprecedented level of environmental consciousness and regulatory imperatives that advocate for responsible resource consumption.
Corporate entities, in particular, are realigning their strategies to incorporate recycled materials into their supply chains, driven by an escalating emphasis on corporate social responsibility and sustainable business practices. However, challenges persist, including technological limitations in recycling processes and the need for comprehensive waste management infrastructure. As the market evolves, balancing opportunities with these challenges becomes imperative for stakeholders. The Global Recycled Materials Market stands at the crossroads of innovation and environmental responsibility, shaping the future landscape of sustainable resource utilization and fostering a circular economy.
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Global Recycled Materials MarketSegmentation Analysis
The Global Recycled Materials Market is Segmented on the basis of Application and Geography.
Recycled Materials Market, By Application
- Paper
- Plastic
- Steel
- E waste
- Wood
- Concrete
- Aluminum
- Glass
- Rubber
- Used Motor Oil
To Get a Summarized Market Report By Application-
Based on Application, the market is segmented into Paper, Plastic, Steel, E waste, Wood, Concrete, Aluminum, Glass, Rubber, and Used Motor Oil. Paper application accounted for the largest market share in 2023, with a market value of USD 38,006.10 Million, and is projected to grow at a CAGR of 13.59% during the forecast period. Steel was the second-largest market in 2023, Value of USD 29340.97 Million in 2023; it is projected to grow at the highest CAGR of 13.61%.
Recycled Materials Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
To Get a Summarized Market Report By Geography-
Based on Regional Analysis, the Global Recycled Materials Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for the largest market share in 2023, with a market Value of US77,152.54 Million, and is projected to grow at a CAGR of 12.98% during the forecast period. Europe was the second-largest market in 2022, with a Value of USD 38,994.25 Million in 2023; it is projected to grow at a CAGR of 11.16%. However, Asia Pacific is projected to grow at the highest CAGR of 6.86%.
Key Players
The “Global Recycled Materials Market” study report will provide valuable insight with an emphasis on the global market including some of the major players are Aries Gasification, LLC, Autoneum Holding AG, Carbon Conversions, Carbon Fiber Recycle Industry Co. Ltd., Carbon Fiber Recycling, Carbon Fiber Remanufacturing, Catack-H, Celanese Corporation, Continental AG, Custom Polymers, Inc., Domo Chemicals, Eastman Chemical Company, Global Fiberglass Solutions, Mallinda Inc., Miko Srl, Neocomp GmbH, Neste, Procotex, SGL Carbon, Solvay, Toray Industries, Inc., Unifi, Inc., Vartega Inc., Wellman Advanced Materials.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Coating Type benchmarking and SWOT analysis.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2020-2030 |
| Base Year | 2023 |
| Forecast Period | 2024-2030 |
| Historical Period | 2020-2022 |
| Unit | Value (USD Million) |
| Key Companies Profiled | Aries Gasification, LLC, Autoneum Holding AG, Carbon Conversions, Carbon Fiber Recycle Industry Co. Ltd., Carbon Fiber Recycling, Carbon Fiber Remanufacturing, Catack-H. |
| Segments Covered |
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| Customization scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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