Metal Recycling Market to reach worth $406.16 Billion USD by 2020

The report "Metal Recycling Market by Metal Type (Ferrous, Non-Ferrous), Scrap Type (Old Scrap, New Scrap), End-Use Sector (Construction, Automotive, Equipment Manufacturing, Shipbuilding, Others), Equipment (Shredders, Granulating Machines, Others) - Forecast to 2020", the metal recycling market size is projected to grow from USD 277.12 Billion in 2015 to reach USD 406.16 Billion by 2020, at an estimated CAGR of 7.95%. With accelerated urbanization, growth in infrastructural activities, and increasing industrialization, there is a rapidly increasing need for metal products.

Browse more than 180 market data tables with 48 figures spread through 214 Pages and in-depth TOC on "Metal Recycling Market - Forecast to 2020"

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The increasing income and spending capacity of people in developing economies and increasing demand in various end-use sectors such as building & construction, metal fabrication, electronics, medical & health care equipment, automotive, and packaging are the major factors driving the growth of the metal recycling market. The strict laws pertaining to waste management & recycling, increasing awareness of the efficient use of natural resources, and demand for recycled metal have led the public sector bodies such as municipalities and private sector which involves companies offering environmental services such as collection and recycling of metal waste to take active part in the recovery of metal from scrap.

Ferrous metal recycling to gain maximum traction during the forecast period

Ferrous metals are metals with iron and magnetic properties. Iron and steel scrap are some of the most widely recycled ferrous metals in the world. This scrap comes from end-of-life products and scrap generated through manufacturing processes. The use of scrap in steel production has formed an integral part of the steel making industry. According to the Bureau of International Recycling, 40% of the steel production is made from scrap. One ton of recycled steel saves 642 Kwh of energy, 1.8 barrels of oil, 10.9 million Btu's of energy, and 4 cubic yards of landfill space.” Apart from these advantages, recycling ferrous and non-ferrous metals enables the efficient use of earth’s natural resources.

Asia-Pacific to play a key role in the metal recycling market

Factors such as the increasing urbanized population in China and India along with the growth in disposable income, and the spreading awareness regarding the importance of waste management and resource efficiency in these countries are driving the growth of the Asia-Pacific metal recycling market. Rapid industrialization and imposition of strict laws pertaining to waste management and recycling are also major factors contributing to the growth of the metal recycling market.

The scope of the report covers detailed information regarding the major factors influencing the growth of the metal recycling market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been conducted to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, joint ventures, and recent developments associated with the metal recycling market.

The research methodology used to estimate and forecast the metal recycling market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global metal recycling market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments

The metal recycling market comprises companies such as ArcelorMittal (Luxembourg), Nucor Corporation (U.S.), Commercial Metals Company (U.S.), Sims Metal Management Limited (U.S.), and Aurubis AG (Germany).

Target audience

  • Metal producing & recycling companies
  • Environmental service providers
  • Government and regulatory bodies
  • Associations and industry bodies
  • Municipalities, local, and regional authorities
  • Other end users (materials recovery facilities, processor, and sorters)

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Acquisition and divestitures were the major strategies adopted by most of the players in the metal recycling market. Companies such as ArcelorMittal (Luxembourg), Nucor Corporation (U.S.), Commercial Metals Company (U.S.), Sims Metal Management Limited (U.S.), Aurubis AG (Germany), and Remondis SE & Co. KG (France) were the key players who adopted this strategy to increase the reach of their offerings, improve their production capacity, and focus more on core operations. Companies aim to serve the market efficiently by investing in manufacturing facilities and acquiring distribution centers in the fast-growing regions.

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