Metal Recycling Industry Overview
Global Metal Recycling Market was valued at $304,633 million in 2014, and is expected to reach $446,472 million by 2022, supported by a CAGR of 4.5%. Metal recycling refers to reprocessing of metal waste into valuable to reduce greenhouse gas emission levels, preserve natural resources, and manage energy consumption. The governments in developed regions such as Canada, USA, U.K. and others have taken measures to promote metal recycling industry through better waste collection system, separation and sorting processes. For instance, the Government of Canada has been working with the provinces, territories and industries to promote the re-use and recycling of metal products. This would enhance not only the Canadian’s recycling industry but also its metal industry.
High rate of obsolescence, increase in energy savings with decreased greenhouse gas emission levels, accelerating industrialization and urbanization in developing nations and increasing consumer awareness drive the market for metal recycling. In addition, increasing scarcity of rare earth metals provides an opportunity for the global market. However, unorganized flow of waste metals and less scrap collection zones is anticipated to restrict the market growth. The global metal recycling market is segmented on the basis of metal type, end-user industry, and geography. Based on metal type, the market is segmented into ferrous metals and non-ferrous metals. By end-user industry, the market is classified into automotive, packaging, shipbuilding, industrial machinery, electronics & electrical equipment and others. Building & construction generated the highest revenue in the year 2014 owing to increased disposal of building waste into the landfills. 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.
Some of the key players that operate in this market are ArcelorMittal, Nucor Corporation, Commercial Metals Company, SIMS Metal Management Limited, Aurubis AG, European Metal Recycling Limited, Tata Steel, Dowa Holdings Co., Ltd., Schnitzer Steel Industries, Inc. and OmniSource Corporation.
Other players mentioned in the market include Tube City Inc., Ferrous Processing & Trading Co. (FTP), PSC Metals, AMG Resources Corp., Alter Scrap Processing, Joseph Behr & Sons Inc., Mervis Industries, Galamba Metals Group LLC, TSR Recycling GmbH & Co. KG and Kuusakoski Oy.
Value Chain Analysis of Metal Recycling Market
The value chain analysis of metal recycling market includes various stakeholders such as scrap traders, recycling companies, forging companies, end-users and consumers. The scrap traders and dealers are suppliers whereas the end-user industries are the buyers of the market. Automotive, packaging, shipbuilding, building & construction among others are some of the end-user industries which are generally offered semi-finished goods from the recyclers for their further production.
Large part of this stakeholders’ group is unauthorized. After acquiring the waste from various sources, scrap dealers separate the items to be retained for resale and kept for dismantle. Based on the resale value of these second-hand products, these decisions are taken. The items that kept for dismantling and recycling are passed to the warehouses.
However, some of the traders ensure in-take of ferrous and non-ferrous scrap items from major automotive, building and manufacturing companies. Furthermore, such scrap when sent to recycling companies would result into high-quality finished and semi-finished goods.
The waste metals are then sent to the recycling companies, such as, ArcelorMittal, SIMS, Aurubis AG among others. The waste is sorted and shredded into semi-finished and finished goods. For instance, Nucor Corporation recycles waste steel items into hot-rolled steel, bars and rods to be further used in automotive, construction, machinery and shipbuilding sectors. Generally, these players dealing with recycling operations are spread over different areas and handle different operations of recycling.
Metal Recycling Market by Segmentation
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 Benefits of Metal Recycling Market
- The report includes an in-depth analysis of the global metal recycling market, along with the current trends, drivers, restraints, and growth opportunities.
- Porter’s Five Forces model illustrates the potency of buyers and sellers, which is expected to help the market players to adopt effective strategies.
- Value chain analysis provides a clear understanding of the key intermediaries involved and their respective roles at every stage.
- Key market players are profiled to gain an understanding of the strategies adopted by them.
- The current market trends are quantitatively analyzed and estimated from 2016 to 2022, which are provided to highlight the financial competency of the market.
Metal Recycling Market Segmentation
By Metal Type
- Ferrous Metal
- Non-ferrous Metal
By End User Industry
- Building & Construction
- Industrial Machinery
- Electronics & Electrical Equipment
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
- Nucor Corporation
- Commercial Metals Company
- SIMS Metal Management Limited
- Aurubis AG
- European Metal Recycling Limited
- Tata Steel
- Dowa Holdings Co., Ltd.
- OmniSource Corporation
- Schnitzer Steel Industries, Inc.
Other players mentioned in the report
- Amisy Copper Wire Machinery,
- Whirlston Recycling Machinery
- Gensco Equipment Inc.
- G.P.S. Srl
- IMCO Recycling Inc.
- Midwest Zinc Corp.
- Zinc Corporation of America
- Ferrill's Auto Parts, Inc.