Global Metal Recycling Market 2019- Industry Analysis, By Key Players, Segmentation And Forecast By 2025
Metal Recycling Market:
Global Size, Trends, Competitive, Historical & Forecast Analysis,
2019-2025– Growing Environmental Awareness is Driving the Growth of Global
Metal Recycling market.
Metal Recycling Market is
valued at USD 346.86 Billion in 2018 and expected to reach USD 468.56 Billion
by 2025 with a CAGR of 4.39% over the forecast
period.
Metal recycling comprises
the recovery and processing of scrap metal from end-of-life products or
structures and from manufacturing scrap, so that it can be introduced as a raw
material to produce new goods. It can be recycled repeatedly with no
degradation of its properties and qualities. It offers raw material for new
products, while having a much lower carbon footprint and more efficient
utilization of resources than new material. There are two main categories of
scrap metal: ferrous metal and non-ferrous metal. While ferrous metal
contains some degree of iron, non-ferrous metal does not contain iron as a
component. Non-ferrous scrap includes aluminum, copper, lead, nickel, tin, zinc
and others. The main stages for metal recycling process are collecting,
sorting, processing, melting, purification, and solidifying.
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Global
metal recycling market report is segmented on the basis of metal type, end user
and region. Based upon metal type, global metal recycling market is classified
as ferrous metal and non-ferrous metal. Based upon end-user, global metal
recycling market is classified as building & construction, packaging,
automotive, industrial machinery, electronics & electrical equipment,
shipbuilding and others.
The
regions covered in this metal recycling market report are North America,
Europe, Asia-Pacific and Rest of the World. On the basis of country level,
market of Metal Recyclingis sub divided into U.S., Mexico, Canada, UK, France,
Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key
Players for Global Metal Recycling Market Reports–
Global
Metal Recyclingmarket report covers prominent players like ArcelorMittal, Nucor
Corporation, Commercial Metals Company, SIMS Metal Management Limited, Aurubis
AG, European Metal Recycling Limited, Tata Steel,Dowa Holdings Co., Ltd.,
OmniSource Corporation, Schnitzer Steel Industries, Inc., Novelis Inc, Norton
Aluminium Lts., Real Alloy, Tom Martin & Co Ltd. and others.
Growing
environmental awareness is driving growth of the Global Metal Recycling market.
Scrap
Metals are valuable materials which can be recycled again and again without
degrading its properties. Approximately 40 percent of worldwide steel
production is made using recycled steel and every year, around 400 million tons
of metal are recycled worldwide. It is environmentally mandatory to recycle
scrap and unused metal to preserve natural resources while requiring less
energy to process than the manufacture of new products using new raw materials.
Recycling emits less carbon dioxide and other harmful gasses. It saves money
and allows manufacturing businesses to reduce their production cost. It is one
of the stable markets whose demand will be present always because of need of
metal in society. Industrialization and urbanization development in emerging
economies such as China, India, Brazil are anticipated to increase the demand
for metal recycling market within the forecast period. The growing complexity
of various modern products and their material mix makes recycling increasingly
difficult, which can be a restraining factor for this market. The use of
sensors to identify metals through infra-red scanning and x-ray has become
popular in metal recycling market and can create an opportunity for metal
recycling market.
Asia
Pacific is expected to dominate the Metal Recycling Market
Asia-Pacific is
expected to dominate the metal recycling market due to rapid economic
development, increase in population, favourable Government policies and
regulations to support environmental protection and waste management. In
addition, with the growing awareness of environmental well being in
various Asia Pacific countries, there has been a strong set of
frameworks for waste management which starts from collecting waste till it is
disposed and anticipated to drive the metal recycling market in this region
during the forecast period.
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Key Benefits for Global Metal Recycling
Market Reports –
- Global market report covers in depth historical
and forecast analysis.
- Global market research report provides detail
information about Market Introduction, Market Summary, Global market
Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities,
Competitive Analysis, Regional and Country Level.
- Global market report helps to identify
opportunities in market place.
- Global market report covers extensive analysis
of emerging trends and competitive landscape.
Metal Recycling Market Segmentation –
By Metal Type:
- Ferrous Metal
- Non-ferrous Metal
By End-User:
- Building & Construction
- Packaging
- Automotive
- Industrial Machinery
- Electronics & Electrical Equipment
- Shipbuilding
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- France
- Germany
- Italy
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
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