Scrap Metal Recycling Market Global Growth Rate Assessment, Dynamics by Major Participants


 Absolute Markets Insights has recently added a new informative data to its extensive repository titled as, Scrap Metal Recycling Market. It provides a clear understanding of the Scrap Metal Recycling sector and has been scrutinized by using primary and secondary research techniques. It highlights different dynamic aspects of businesses such as client requirements, demanding products or services, shares, and raw material. Additionally, it uses an effective analysis technique such as, SWOT and Porter’s Five analysis which helps to describe strengths, weaknesses, threats, and opportunities.

This research report has been scrutinized on the basis of different practical oriented case studies from various industry experts and policymakers. It uses numerous graphical presentation techniques such as tables, charts, graphs, pictures and flowchart for easy and better understanding to the readers. Additionally, this report offers the recent developments, historical records as well as futuristic predictions of the Scrap Metal Recycling market. Different driving and restraining factors have been elaborated to get a comprehensive analysis of ups and down stages of the businesses. Effective sales strategies have been mentioned to provide an accurate direction for finding global opportunities rapidly.

The key market players profiled in the report include: Dowa Holdings Co., Ltd., European Metal Recycling Limited, OmniSource Corporation (Steel Dynamics, Inc.), Schnitzer Steel Industries, Inc., Tata Steel, Arcelor Mittal, Aurubis AG, Commercial Metals Company, Nucor Corporation and SIMS Metal Management Limited

Browse Full Report with Facts and Figures of Scrap Metal Recycling Market Report at: https://www.absolutemarketsinsights.com/reports/Scrap-Metal-Recycling-Market-2018-2026-126

Industry Trend

The scrap metal recycling industry collects and processes both ferrous and nonferrous metals. Metal scrap recycling benefits by avoiding expenditure on disposals and would likely preserve limited landfill space. Along with this, it also helps in conserving natural resources by replacing the need of raw materials with recycled scrap metal to produce better metal goods. Metal recycling has become popular over the few decades because of its offerings involving energy savings and cost benefits when compared with primary production, which requires extracting metals from mined ores. Furthermore, increasing government regulations toward scrap metal recycling such as initiatives by spreading awareness and making laws regarding scrap metal recycling, is attracting the growth of market. The Scrap Metal Recycling Market was valued at US$ 2214.1 Mn in 2020 and is expected to reach US$ 3286.7 Mn by 2030.

By End-User

Automotive industry is anticipated to be the most attractive segment among the end-users of scrap metal recycling market, owing to huge production of metal scrap in automotive industry. Efficiency and profitability in scrap recycling operations is likely to increase with advancements in metal recovery technology. Automotive companies adopting initiatives such as zero waste or “nil to landfill” to recycle manufacturing materials, including scrap metal is attracting a likely growth of the industry.

By Region

North America region holds the largest market share among other regions for the market. The region accounts for major steel scrap and recycled iron for new steel and cast-iron products. Demand for the recycled metals is increasing which will lead to higher prices of processed scrap. According to USGS in 2011, there was increase in export demand for the iron and steel scrap, and also the U.S is less dependent on world iron ore market and most of the steel produced comes from mini malls and scrap. Expansion in building & construction and automotive industries in North America is likely to offer flexible opportunities to the recycling metal market.

Global Scrap Metal Recycling Market:

By Metal Type

  • Ferrous
  • Non-Ferrous

By End-User

  • Automotive
  • Packaging
  • Building & Construction
  • Electronics & Electrical Equipment
  • Ship Building
  • Industrial Machinery
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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Company: Absolute Markets Insights

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Contact Name: Shreyas Tanna

Website: www.absolutemarketsinsights.com/

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