Each year, almost 400 million tons of metal is
reused across the globe for which metal recycling acts as the best solution to
shrink the escalating environmental issues in this modern era according to a
recent market intelligence report published by IndustryARC. As per the report, the
global metal recycling market was valued at $300.12 billion as of 2018. It is
evaluated to grow at a healthy compound annual growth rate (CAGR) of 7.5% during
the forecast period of 2019-2025.
The report is titled: “Metal Recycling Market:
By Type (Ferrous metals and non-ferrous metals); By End-User Industry
(Construction, Industrial and others); & Geography Forecast (2019-2025).”
It provides an in-depth analysis of market opportunities, market drivers,
market trends, competitive landscape and strategic analysis of the global metal
recycling market.
ISRI (Institute of Scrap Recycling Industries
Inc), BMRA (British Metals Recycling Association), AMRA (Australian Metal
Recycling Industry Association), CARI (Canadian Associations of Recycling
Industries) are some of the major metal recycling trade associations, according
to the analyst
Metal Recycling Market: Leading Segments
Steel, concrete, plastics, paper and cardboard,
aluminium, topsoil, paint, and untreated timber are the generally used recycled
material in a construction site. American Iron and Steel Institute (AISI)
states that steel is the most recycled material on the earth. Worldwide 40% of
steel production is obtained from recycled steel. [1] Augmenting investments in
construction projects by both public and private sectors are creating numerous
opportunities for the exposure of the metal recycling market. Thus,
construction application is identified as the fastest growing application with
a noticeable CAGR of 8% during the aforesaid forecast period.
APAC held a dominating demand share of 35% in
the global metal recycling market as of 2018. Scrap metal plays a prominent
role in developing the country’s economy and to maintain a better environment
around. China, India, Japan, and Australia, are the developing countries in the
APAC region which are boosting the growth and need for recycled metals.
Expanding urbanization in massively populated countries such as India and China
coupled with increasing consciousness related to waste management and resource
efficiency is driving the requirement of metal recycling. In 2018, India
has imported ferrous waste and scrap; remelting scrap ingots of iron or steel
(excluding slag, scale) for a value of $3,408,463 thousand. And also experienced a 3.9% of annual
growth in value during 2017-2018. [2] Therefore, APAC metal recycling market is
projected to grow at a steady growth rate in the near future.
Metal Recycling Market: Growth Drivers
o Biotechnology,
pyrometallurgy, and hydrometallurgy are the three effective metal sensing
processes, which are mostly used in improving the metal recovery rates.
o Growing usage of sensors in
metal detecting process, through infra-red scanning and x-ray, has been
commonly found in large recycling facilities.
o Increasing demand for metal
recycling, for End of Life Vehicles (ELV) in auto manufacturing and steel
industry is providing significant opportunities in the auto recycling industry.
o Growth of the productivity
in the construction sector is raising the demand for recycled metals.
o Extensive use of scrap metal
has reduced the production costs for the automotive and shipbuilding industries
especially in the APAC region.
Metal Recycling Market: Competitive Landscape
Some of the key strategic players were listed
in the global metal recycling market report. They are Arcelor Mittal S.A, Nucor
Corporation, Commerial Metal Company, Novelis Inc, Norton Aluminum Lts,
Kuusakosi, European Metal Recycling, DOWA Holdings Co. Ltd., Sims Metal
Management, and Tom Martin & Co. Ltd. which are holding major market share
of the global metal recycling market.
Talk to one of our sales representative about
the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=15547
Related Reports:
A. U.K.
Metal Recycling Market
https://www.industryarc.com/Report/18237/uk-metal-recyclin-market-research-report-analysis.html
B. Copper
Scrap Market
https://www.industryarc.com/Research/Copper-Scrap-Market-Research-502974
What can you expect from the report?
The metal recycling market is
prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories &
Application
11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market
Data
12. Country level
Analysis
3. Manufacturer
Landscape
13. Competitor
Analysis
4. Distributor Landscape
14. Market
Shares Analysis
5. Pricing Analysis
15. Value
Chain Analysis
6. Top 10 End user Analysis
16. Supply
Chain Analysis
7. Product Benchmarking
17. Strategic
Analysis
8. Product Developments
18. Current
& Future Market Landscape Analysis
9. Mergers & Acquisition Analysis
19.
Opportunity Analysis
10. Patent Analysis
20.
Revenue and Volume Analysis
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end user industry.
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country or end use segment.
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[1]https://www.thebalancesmb.com/an-introduction-to-metal-recycling-4057469
[2]https://trademap.org/Country_SelProduct.aspx?nvpm=1%7c%7c%7c%7c%7c7204%7c%7c%7c4%7c1%7c1%7c1%7c1%7c%7c2%7c1%7c1