Metal Recycling Market Confident That Favorable Government Initiatives Will Boost Future Revenue - MarketIntelReports

Metal Recycling Market, Spurred By Growing Environment Safety Awareness & Rapid Industrialization, Predicted To Register Significant Revenue Growth By 2022

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Wilmington, Delaware, United States, March 25, 2017 (GLOBE NEWSWIRE) -- The report “Metal Recycling Market by Metal Type (Ferrous and Non-ferrous Metals) and End-user Industry (Automotive, Packaging, Shipbuilding, Industrial Machinery and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022”, available on MarketIntelReports, estimates that Asia-Pacific will continue to dominate market demand during the forecast period. 

Browse numerous Market Tables as well as Figures which are spread through 127 Pages and an in-depth TOC on the “Metal Recycling Market 2014 - 2022

Scope & Regional Forecast of the Metal Recycling Market

Metal recycling market generated a revenue of $304,633 million in 2014 and is expected to reach a market value of $446,472 million by 2022 with a CAGR of 4.5%. Metal recycling is a process of reusing and reprocessing scrap metals such as aluminum, steel, copper, and others into useful materials so as to minimize greenhouse gas emission levels, preserve natural resources, and manage energy consumption. With the increase in awareness about environmental safety, governments are aiming at promoting metal recycling without disturbing the landscape. For instance, the U.S. recycles around 60% of the steel that is extracted from scrap and waste.

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High rate of obsolescence, increase in energy savings with decreased greenhouse gases emission levels, accelerating industrialization and urbanization in developing nations and increasing consumer awareness is presently driving the growth of metal recycling market. Additionally, increased scarcity of rare earth metals acts as an opportunity for the global market. However, unorganized flow of waste metals and less scrap collection zones is anticipated to restrict the market growth.

Building & construction generated the highest revenue in the year 2014 owing to high demolition rates in construction sector. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific contributed the highest revenue in 2014 and is expected to dominate the market during the forecast period.

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Prominent Segmentations Involved in the Metal Recycling Market

The Metal Recycling Market can be broken down into various segmentations on the basis of -

  • Equipment Type: Shredder, Shear, Granulating Machine and Briquetting Machine.
  • Metal Type: Ferrous Metals and Non-Ferrous Metals.
  • End User: Automotive, Packaging, Building & Construction, Electronics & Electrical Equipment, Shipbuilding,Industrial Machinery and Others.
  • Geographical Location: North America, Europe, Asia-Pacific and LAMEA.

Some of the sample companies profiled in the Metal Recycling Market report are as follows:

  • ArcelorMittal
  • Commercial Metals Company
  • SIMS Metal Management Limited
  • Nucor Corporation
  • Aurubis AG
  • European Metal Recycling Limited
  • Schnitzer Steel Industries, Inc.
  • Dowa Holdings Co., Ltd.

 Why buy this report?

  • Get a detailed picture of the Metal Recycling Market.
  • Pinpoint growth sectors and identify factors driving change.
  • Understand the competitive environment, the market’s major players and leading brands.
  • A five-year forecast method is used in order to assess how the market is predicted to develop.

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