Metal Recycling Market Size Share Global Industry Trend and Forecast to 2022

Market Overview:

Metal recycling is the method of using the scrap metals with the objective of building brand new metallic products. Metal production costs are reduced drastically when scrap metal is recycled. The increasing awareness of the efficient utilization of natural resources is expected to drive the demand for metal recycling market.

On the basis of metal type, ferrous metal is dominating the metal recycling market. The growth can be attributed to the increased recycling rate and the high scrap consumption. On the basis of applications, electronics segment has the largest market share in the metal recycling market. All electronics contain high valued metals such as lead, copper and aluminum and the recycling of such substances ensures the conservation of natural resources. Therefore, electronics is the largest growing segment in the market. Global metal recycling market is expected to cross USD 400 billion mark by the end of 2022. Also it is expected to grow at approximately 7% CAGR.

Market Features:

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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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.

 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

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.

Key Players:

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).

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This release was published on openPR.