A recent market intelligence report that is published by Data Insights Partner on the global Metal Recycling Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Metal Recycling Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Metal Recycling Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Metal Recycling Market is offered. In accordance with the report, the global Metal Recycling Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Metal recycling refers to the process of recycling and reusing metals after recovering the metals from commodity whose life cycle has ended. In the process of recycling, scrapped metals are taken from used products and incorporated as factors of production in the production of new commodities. Copper, lead, zinc, iron, and steel are some of the commonly recycled materials. The recycling process has a series of steps including assembling and categorizing, processing, melting, distillation and solidification.
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The supportive norms of the governments of different nations especially the governments of UK, US Canada, across the globe is primarily driving the growth of this market. Several systems like waste collections, separation and sorting are some of the measures undertaken by these governments for enhancing this market. For example, the operations of the Government of Canada with industries, territories, and provinces were meant to promote recycling and reusing of metal products.
Global Urbanization and rapid industrialization especially in the emerging nations are demanding huge quantities of metal to carry out operations. On the other hand, the depletion of natural availability of metals are initiating supply constraints. The fact that interaction between the demand and supply of metal can only be brought into equilibrium by recycling metals is augmenting the growth of this market.
The process of recycling metals does not interfere with the properties of metal and does not diminish it. Moreover, the recycling of metal emits lower levels of greenhouse gases as compared to the emissions set by the production of metals. Also, Recycling of metals involves lower cost comparative to actual production of metal. Rising environmental concern among the people coupled with the governments directives to reduce carbon footprint is fueling the growth of this market.
The booming food and beverage sector owing to consumer dependence on convenience and ready-made foods makes a significant demand for metals and empowers the growth of this market.
The development of facilities for recycling and reusing of metals globally complementary to the gaining momentum of the recycling and reusing processes is adding impetus to the growth of the metal recycling market.
The lack of systematic movement and dumping of waste and the scarcity of dumping zones for scrap collection is hindering the growth prospects of this market.
The volatile price of steel is negatively affecting the metal recycling market.
The production and recycling costs of metal is immoderate. Costly raw materials, extravagant expenditure on the human resources and also pricey transportation charges is threatening the growth of the metal recycling market.
Technological advancement and its application in the establishment of efficient metal recycling technologies is likely to be good set of circumstances for this market.
Urbanization and industrialization at lighting pace and the flourishing sectors like food and beverages, transportation and many more demand uninterrupted flow of metals which is a lucrative opportunity for this market.
Asia Pacific is projected to dominate the metal recycling market growth. Of world’s total production of steel and primary aluminum, 72% and 66% respectively comes from the Asia Pacific region, as estimated in 2019. Rapid urbanization, industrialization and the constantly surging construction activities are associated with the growth of the metal recycling market. Europe is also expected to showcase progress because the application of scrap for the reproduction of metal is a well-developed market. Hard and fast directives of the government in the field of energy and the adherence to the establishment of a circular economy are some other factors. North America is expected to witness significant growth because of it already being a dominant secondary aluminum producer. Moreover, the use of EAF process that makes use of scrapped metal by this region is a factor affecting the growth of this market.
This market intelligence report on the global Metal Recycling Market encompasses market segments based on product type, scrap type, equipment, end use sector and country.
By Product Type the global Metal Recycling Market has been divided into:
By Scrap Type the global Metal Recycling Market has been divided into:
q New Scrap
q Old Scrap
By Equipment the global Metal Recycling Market has been divided into:
q Briquetting Machines
q Granulating Machines
By End Use Sector the global Metal Recycling Market has been divided into:
q Consumer Appliances
q Equipment Manufacturing
q Building and Construction
By country/region, the global Metal Recycling Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Nucor Corporation
q Commercial Metals Company
q Sims Metal Management Limited
q Aurubis AG
q GFG Alliance
q Tata Steel
q European Metal Recycling
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Metal Recycling Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
In June 2019, an announcement was made by Tata Steel to for the inauguration of the company’s first metal recycling plant in Haryana, India. This establishment was supposed to assist Tata Steel in exploiting the first mover advantage in this market.
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In May 2019, the Belgian-Spanish Metallo Group was acquired by Aurubis AG. The acquisition strengthened the company’s multi-metal portfolio in the lead, zinc, tin, nickel, and copper market.
In November 2019, ArcelorMittal made an investment in the brand-new sustainability project in Europe. The objective of the investment was to provision certification of Responsible Steel Sites for the product sites of ArcelorMittal Europe-Flats.
Ø This study offers comprehensive yet detailed analysis of the Metal Recycling Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Metal Recycling Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Metal Recycling caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Metal Recycling Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
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v Facilitate decision-making based on strong historic and forecast data
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v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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