Metal Recycling Market is predicted to grow at approximately 7% by 2022

Market Research Future published a Half Cooked Research Report on Global Metal Recycling Market. The Metal Recycling Market is expected to grow around 7% CAGR during the period 2016 to 2022.

Market Highlights
The increase in demand of metals in various end use industries such as construction, electronics and automotive has driven demand for the metal recycling. With the growth in infrastructural activities and the increasing industrialization, there has been an increase in the demand for metal products. The stringent rules and regulations for waste recycling and the increasing concern for the efficient use of natural resources, has led many private agencies and government bodies to actively participate in the recycling of the metals. This is leading to the growth of the metal recycling market.

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Key Players
The key players of Metal Recycling Market are ArcelorMittal (Luxembourg), Baosteel Group Corporation (China) European Metal Recycling Limited (U.K.), Nucor Corporation (U.S.), Aurubis AG (Germany), Commercial Metals Company (U.S.), Linde Ag (Germany), Tata Steel Limited (India), Sims Metal Management Limited (U.S.),Dowa Holdings Co., Ltd. (Japan) and others.

Market Research Analysis
The market is highly application driven. Automotive sector is dominating the Metal Recycling Market as it requires large volumes of metals for the manufacturing of the body of the vehicle and other components of the automobile. Also, with the increase in purchasing power of the consumers, the automobile industry is booming. This leads to the generation of a lot of metal scrap from the automotive industry. All these factors contribute to the growth of the automotive Metal Recycling Material Market.

Asia-Pacific region is expected to dominate the Metal Recycling Market with the highest CAGR due to the rapid urbanization in countries such as India and China, along with the growth in the disposable income of the people here. The rising awareness for adopting the right waste management practices by industries, is also contributing to the growth of the Global Metal Recycling Market in the region.

Scope of the Report
This study provides an overview of the Global Metal Recycling Market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Metal Recycling Market by its metal type, equipment, application and region.

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By Metal Type
• Ferrous
• Non-Ferrous

By Equipment
• Shredders
• Granulating Machines
• Others

By Application
• Electronics
• Construction
• Shipbuilding
• Automotive
• Others

By Region
• North America
• Asia Pacific
• Europe
• Rest of the World

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This release was published on openPR.