openPR Logo
Press release

Metal Recycling Market Steady Expansion & Comprehensive Growth By 2022 | Top Players ArcelorMittal, Commercial Metals Company, Nucor Corporation, Aurubis, Schnitzer Steel

04-29-2020 04:53 PM CET | Energy & Environment

Press release from: Allied Analytics LLP

Metal recycling

Metal recycling

Global Metal Recycling Market would reach USD 446,472 million, registering a CAGR of 4.5% during the period 2016 - 2022. Moreover, Asia-Pacific is expected to dominate the global market throughout the analysis period, registering a notable CAGR of 5.2%.

High rate of obsolescence, increase in energy savings with decreased GHG levels, accelerated industrialization and urbanization, and increased consumer awareness have driven the market growth. However, unorganized flow of waste metals and less scrap collection zones could have an adverse effect on the market.

Download Sample PDF @ https://www.alliedmarketresearch.com/request-sample/1732

The Asia-Pacific region is likely to dominate the metal recycling market throughout the analysis period. Increase in urban population in China and India, growth in infrastructure construction and automotive industry, and increase in environmental consciousness among individuals are some of the factors that have strengthened the growth of Asia-Pacific metal recycling market. Moreover, according to the Bureau of International Recycling (BIR), Asia produces more than 70% of stainless steel. Therefore, the region is anticipated to generate $212,118 million by 2022 and is estimated to grow at a significant CAGR of 5.2% during the forecast period.

The metal recycling reduces future scarcity of high-value resources, generates economic value, minimizes greenhouse gas emission levels, and limits other environmental damage. Therefore, various government initiatives have also been undertaken for creating a conducive environment for recycling metal waste. For instance, in Japan under home appliances recycling law, the consumers of appliances such as refrigerators, air conditioners, and washing machines should dispose them to retailers or scrap traders for further recycling. In terms of scrap metal, market is classified into ferrous metals and non-ferrous metals. Some of the sources of scrap include automobiles, railroad tracks, ships, household appliances, and consumer electronics. Ferrous metals are expected to generate $252,117 million, dominating the market during the forecast period.

However, non-ferrous metals are the fastest growing segment and is anticipated to grow at a CAGR of 4.9% by 2022. According to European Aluminum Foil Association (EAFA), the recycling rate of aluminum closures in Europe has increased to more than 50% owing to the collection and recycling schemes.

Connect To Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/1732

Metal recycling market is segmented based on metal type, end-user industry and geography. By metal type, the market is classified into ferrous and non-ferrous metals. Ferrous metals generated the highest revenue owing to high scrap consumption and its recycling rate.

Based on end-user industry, the market is segmented into building & construction, packaging, automotive, shipbuilding, electronics & electrical equipment and others. Building & construction was the highest revenue generating end-user industry as the sector generates high metal waste owing to increased demolition rate. However, electronics contain heavy and high valued metals, such as lead, copper, gold, and aluminum and its recycling ensures natural resources conversation. Therefore, electronics & electrical equipment industry is the fastest growing sector during the forecast period.
The market has been analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific contributed the highest revenue to the global market in 2014, and is expected to maintain its dominate during the forecast period.

Key Findings of the Metal Recycling Market:

o North America is projected to be the second fastest growing region, in terms of revenue, registering a CAGR of 4.6% during the forecast period.
o Building & construction industry, being one of the highest producers of waste material, had witnessed significant growth in 2014, and is anticipated to dominate the global market growing at the highest CAGR of 3.9%.
o Ferrous metal was the highest revenue contributor to the global market, with 57.6% share in 2014, and is expected to maintain its dominance throughout the forecast period.
o Market players have focused on adopting various strategies such as product launch, acquisition, and product innovation to expand their market outreach. For instance, on June 9, 2016, Nucor Corporation formed a joint venture with JFE Steel Corporation of Japan, to manage a plant in central Mexico for manufacturing and supply of galvanized sheet steel to the automobile industry. This joint venture helped Nucor Corporation to increase sales in the automotive market of Mexico.

The key market players profiled in the report include ArcelorMittal, Commercial Metals Company, Sims Metal Management Limited, Nucor Corporation, Aurubis, European Metal Recycling Limited, Schnitzer Steel, Dowa Holdings Co., Ltd., OmniSource Corporation, Tata Steel.

Get detailed COVID-19 impact analysis on the Metal Recycling Market @ https://www.alliedmarketresearch.com/request-for-customization/1732?reqfor=covid

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

About us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Metal Recycling Market Steady Expansion & Comprehensive Growth By 2022 | Top Players ArcelorMittal, Commercial Metals Company, Nucor Corporation, Aurubis, Schnitzer Steel here

News-ID: 2029780 • Views: 177

More Releases from Allied Analytics LLP

UV Disinfection Equipment Market Set to Grow Exponentially during the Forecast P …
Growing concerns regarding safe drinking water in developing nations and rise in demand for UVC lamps for air treatment and surface disinfection during the Covid-19 pandemic augment the growth of the market Ultraviolet (UV) Disinfection Equipment Market garnered $1.3 billion in 2019, and is projected to reach $5.7 billion by 2027, registering a CAGR of 17.1% from 2020 to 2027. Ultraviolet (UV) disinfection is a non-chemical process whereby a pathogen, within
Electric Power Tools Market : What Will Emerge as a Key Opportunity?
Global electric power tools market size is expected to reach $39,147.7 million in 2027, from $23,603.1 million in 2019, growing at a CAGR of 8.5% from 2020 to 2027. In 2019, North America dominated the market, in terms of revenue, accounting for over one-third global electric power tools market share. Electric power tools have revolutionized the construction, automotive, and other industries, by saving the time and effort required for simple operations
Waste Management Market – Detailed Analysis of Current Industry Figures with F …
Global waste management market size accounted for $2,080.0 billion in 2019, and is expected to reach $2,339.8 billion by 2027, registering a CAGR of 5.5% from 2020 to 2027. In 2019, Asia-Pacific region dominated the global market, in terms of revenue, accounting for about 58.0% share of the global waste management industry, followed by Europe and LAMEA The report analyzes the global waste management market on the basis of type, service,
Waste to Energy Market Segmentation, Parameters and Prospects 2020 to 2027
Global waste to energy market was valued at $35.1 billion in 2019, and is projected to reach $50.1 billion by 2027, growing at a CAGR of 4.6% from 2020 to 2027. Waste to energy is one of the most effective and robust alternative sources of energy, which helps in the reduction of CO2 emissions and thus replace fossil fuels. Using waste as a combustion substance is expected to reduce landfill

All 5 Releases


More Releases for Metal

Nanoparticles – Metal & Metal Oxides Market Size, Share | Industry Report 2026
The global Nanoparticles – Metal & Metal Oxides Market was valued at $5.2billion in 2018 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2026, culminating in 2026 global sales of $10.6billion. Nanoparticles – Metal & Metal Oxides have been widely studied for antimicrobial activities and it is known for their highly patent zinc oxide(ZnO), copper oxide (CuP), titanium oxide (TiO2), iron oxide (Fe3O4), include silver
Metal Foams Market
Metal Foams Market: Introduction Metal foams incorporates structured cellular material provided as cushion, insulation, vibration damping, or as a packaging application. These light weight cellular material, metal foams are popular in the market for its interesting combination of physical and chemical parameters that offers high stiffness, high compression strength and energy absorption. With the increasing industrial growth in every sector, including machineries, automotive, marine, military and others, the metal foams market is
Inorganic Metal Finishing Market
Global Inorganic Metal Finishing Market Insights, Forecast To 2025 report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. The report also focuses on industry-specific drivers, restraints, opportunities and challenges in the Inorganic Metal Finishing market. This research report offers in-depth analysis of the market size (revenue), market share, major market segments, and different geographic regions,
Global Metal Detectors Market
The Metal Detectors Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/13111 Metal Detectors Market : Drivers and Challenges The global metal detectors market is expected to be significantly driven by increasing government investments
Market Intelligence Report Metal and Metal Oxide Nanoparticles, 2015-2025
Metal and metal oxide nanoparticles, also indicated as nanocrystals or nanopowders play a vital role in many areas of physics, chemistry and material science. These are available in variable shapes, sizes as well as surface coatings. Metal oxide nanoparticles offer a variety of functionalities that remain desirable over a number of segments such as anti-corrosion, anti-bacterialism, thermal barrier, easy-clean, UV- absorbent & combinations thereof. Metal and metal oxide nanoparticles are
ultra high frequency metal tags on metal for system (gyrfidstore)
RFID Disc Tags are widely used for inventory tracking system or Automatic production systems. The RFID Disc Tag can also work on metal surface with anti-metal layer on it, also can be attached to goods surface by adhesive layer. There are abundant size options from 12mm to 50mm. GYRFID presents several types with different material and size to suitable customer’s application. DIP Series- PVC Disc Tag, PVC Laminated, thickness of 1.0-1.2mm DIT