Metal Recycling Market:
Growth opportunities in the Metal Recycling Market look promising over the next six years. This is mainly due to the stringent government rules & regulations and the growing penetration of automobiles & electronics across consumers.
Metal Recycling Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Swift industrialization and growing urban population leading to an expansion in the blooming of infrastructure along with the augmenting consciousness among individuals towards the expediency of administration of managed services are the prominent drivers stimulating the growth of the global metal recycling market. Also, various rigorous governmental directives and orders and attempts towards the endorsement of reprocessing waste material accompanied by the growing apprehension about the dearth of rare earth metals will strengthen the metal recycling market size. Additionally, the surge in demand for automobiles and electronics across consumers resulting in an increasing need for large volumes of metal for production. This factor will bring enormous growth opportunities for market growth. However, the expanding difficulties associated with recycling procedures because of the intensifying complications in the products and the stringent regulations influencing fair and free trade of scrap metal.
End-User Sector Segment Drivers
Based on the end-use sector, Building & Construction is projected to witness a faster CAGR over the forecast period. This is primarily attributed to the soaring concerns related to the effect of mining metals on the environment, which is fuelling the endorsement of metal reusing. Furthermore, the accelerating number of infrastructure products led by the mounting population and renovation of senile infrastructure are bolstering the metal recycling market share.
Regional Drivers
Based on the regional coverage, Asia-Pacific is expected to dominate the market during the forecast period. This is mainly because of the growing population rate directing the extension of the building and construction sector. Furthermore, fast urbanization and the rising knowledge among the population about the requisite of waste management across several nations are some of the major factors fuelling the growth of metal recycling industry.
Metal Recycling Market’s leading Manufacturers:
- European Metal Recycling
- Tata Steel
- Aurubis AG
- CMC
- ArcelorMittal
- TOTALL Metal Recycling, Inc.
- Baosteel Group
- DOWA HOLDINGS Co., Ltd.
- Sims Metal Management Limited
- Nucor Corporation
Metal Recycling Market Segmentation:
Segmentation by Type
- Ferrous Metals
- Non-Ferrous
Segmentation by Scrap Type
- New Scrap
- Old Scrap
Segmentation by Equipment
- Shearing
- Shredder
- Briquetting Machines
- Granulation
Segmentation by End-Use Sector
- Automotive
- Building & Construction
- Shipbuilding
- Equipment Manufacturing
- Consumer Appliances
- Packaging
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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