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| ✷ Report Code: A01404 | Feb 2022 | Pages: 230 | ||
| Tables: 75 | Charts: 94 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Metal Recycling Market
Request Now !The global metal recycling market size was $217.0 billion in 2020 and is expected to reach $368.7 billion by 2030, registering a CAGR of 5.2% from 2021 to 2030.
The halted manufacturing in industries and prolonged lockdown in various countries due to the COVID-19 pandemic has affected the metal recycling market.
Metal recycling is defined as the reprocessing of scrap metal into valuable products. The process is carried out to reduce greenhouse gas emission, manage energy consumption and conserve natural resources. Metal recycling is the process of taking waste metal, processing it and creating a new material from it. This recycled metal can be used to make products such as bar, ropes, and poles. Metals are used in various industry verticals such as building & construction, packaging, automotive, industrial machinery, and shipbuilding industry. Rise in construction activities across various regions such as Europe & Asia-Pacific are expected to fuel the global metal recycling market growth. Increase in urbanization and rise in industrialization result in rapid development of the economies, which boosts the demand for global metal recycling market. Thus, fast-paced urbanization results in increased government and consumer spending in residential and infrastructure construction, which significantly boosts the growth of the metal recycling market. In addition, recycling metals help the industry to create the jobs and also contribute to the economy of the country. For instance, in the U.S. more than a million people are employed by a recycling industry that generates $236 billion per year.
Increase in urbanization and industrialization is one of the major factors driving the growth of the metal recycling market. The high acceptance of the process by manufactures to procure raw materials to manufacture finished goods without affecting their properties and the presence of laws and regulations enforced by governments are accelerating the market growth. For instance, the U.S. recycling industry contributes $116.8 billion in economic output to the national economy. In addition, surge in concerns about greenhouse gas emission, and increase in environmental concerns among population, fuel the growth of the global metal recycling market.
Major players such as Nucor Corporation, Commercial Metals Company, Aurubis AG, Dowa Holdings Co.Ltd. and others are adopting business expansion as key development strategy to improve the geographical presence of the metal recycling market. For instance, in January 2022, Nucor Corporation announced that it will build its new state of the art sheet mil in Mason Country, West Virginia. It aims in strengthened ability to serve customers in the Midwest and Northeast, the two largest sheet consuming regions in the U.S. When fully operational, the new mill will employ approximately 800 full-time teammates. It aims in improving the presence in the market & improve the product portfolio of the company.
However, unorganized flow of waste metals and presence of less scrap collection zones are anticipated to hamper the growth of the market. Conversely, increase in construction of buildings owing to increase in disposal of building waste into the landfills is anticipated to provide lucrative opportunities for the growth of the global metal recycling market.
The metal recycling market is segmented on the basis of metal type, scrap type, end user, and region. By scrap type, the market is bifurcated into old scrap, and new scrap. The old scrap segment generated the highest revenue in 2020. By metal type, the market is fragmented into ferrous and non-ferrous metals. The ferrous segment dominated the market in 2020. By end user, the market is categorized into building & construction, packaging, automotive, shipbuilding, electronics & electrical equipment and others. The automotive segment was the highest revenue contributor during the forecast period. However, electronics contain heavy and high valued metals, such as lead, copper, gold, and aluminum and its recycling ensures natural resources conversation. Therefore, electronics and electrical equipment industry is the fastest growing sector during the forecast period.
Region-wise, the market analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific region generated the highest revenue in 2020.
The key players profiled in the global metal recycling market include ArcelorMittal, Nucor Corporation, Commercial Metals Company, SIMS Metal Management Limited, Aurubis AG, European Metal Recycling Limited, Tata Steel, Dowa Holdings Co., Ltd., OmniSource Corporation, and Schnitzer Steel Industries Inc.
Major players are adopting acquisition and product launch as key developmental strategies to improve the product portfolio of the global metal recycling market. For instance, in February 2021, Steel Dynamics Inc acquired three metals recycling locations in South Texas in close proximity to prime scrap-generating urban and manufacturing areas. These sites will also provide important support for the Sinton Steel Mill’s prime scrap needs. This acquisition aims to improve the product portfolio of the company.
Key Benefits For Stakeholders
Metal Recycling Market Report Highlights
| Aspects | Details |
|---|---|
| By METAL TYPE |
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| By Scrap TYPE |
|
| By END USER |
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| By KEY PLAYERS |
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CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.2.3 Top winning strategies
3.3 Porters five forces analysis
3.3.1 Presence of few suppliers, scarcity of raw metals and high metal imports results in high bargaining power of suppliers
3.3.2 Low product differentiation and large number of buyers resulting in moderate bargaining power of buyers
3.3.3 Demand of processed metal lowers the threat of substitution
3.3.4 Pricing wars and lack of differentiated product leads to intense competitive rivalry
3.3.5 High capital investment and low switching cost results into moderate threat of new entrants
3.4 Value chain analysis
3.5 Market share analysis, 2020
3.6 Market dynamics
3.6.1 Drivers
3.6.1.1 HIGH RATE OF OBSOLESCENCE
3.6.1.2 INCREASE IN ENERGY SAVINGS WITH DECREASED GHG LEVELS
3.6.1.3 ACCELERATING INDUSTRIALIZATION AND URBANIZATION IN DEVELOPING NATIONS
3.6.1.4 INCREASING CONSUMER AWARENESS
3.6.2 Restraints
3.6.2.1 UNORGANISED FLOW OF WASTE METALS
3.6.2.2 LESS SCRAP COLLECTION ZONES
3.6.3 Opportunities
3.6.3.1 SCARCITY OF RARE EARTH METALS
CHAPTER 4 METAL RECYCLING MARKET, BY EQUIPMENT TYPE
4.1 Overview
4.2 Shredder
4.3 Shear
4.4 Granulating machine
4.5 Briquetting machine
CHAPTER 5 METAL RECYCLING MARKET, BY METAL TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Ferrous metals
5.2.1 Key trends
5.2.1.1 Iron & steel
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast
5.3 Non-ferrous metals
5.3.1 Key trends
5.3.1.1 Aluminium
5.3.1.2 Copper
5.3.1.3 Lead
5.3.1.4 Precious metals
5.3.1.5 Others
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast
CHAPTER 6 METAL RECYCLING MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Automotive
6.2.1 Key trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast
6.3 Packaging
6.3.1 Key trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast
6.4 Building & construction
6.4.1 Key trends
6.4.2 Key growth factors and opportunities
6.4.3 Market size and forecast
6.5 Electronics & electrical equipment
6.5.1 Key trends
6.5.2 Key growth factors and opportunities
6.5.3 Computer, laptops and printing devices
6.5.4 Mobile phones
6.5.5 Market size and forecast
6.6 Shipbuilding
6.6.1 Key trends
6.6.2 Key growth factors and opportunities
6.6.3 Market size and forecast
6.7 Industrial machinery
6.7.1 Key trends
6.7.2 Key growth factors and opportunities
6.7.3 Market size and forecast
6.8 Others
6.8.1 Key trends
6.8.2 Key growth factors and opportunities
6.8.3 Market size and forecast
CHAPTER 7 METAL RECYCLING MARKET BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 Key trends
7.2.2 Key growth factors and opportunities
7.2.3 Market size and forecast
7.2.2.1 U.S.
7.2.2.2 Canada
7.2.2.3 Mexico
7.3 Europe
7.3.1 Key trends
7.3.2 Key growth factors and opportunities
7.3.3 Market size and forecast
7.3.3.1 Germany
7.3.3.2 U.K.
7.3.3.3 Russia
7.3.3.4 Italy
7.3.3.5 Spain
7.3.3.6 Rest of Europe
7.4 Asia-Pacific
7.4.1 Key trends
7.4.2 Key growth factors and opportunities
7.4.3 Market size and forecast
7.4.3.1 China
7.4.3.2 Japan
7.4.3.3 India
7.4.3.4 South Korea
7.4.3.5 Rest of APAC
7.5 LAMEA
7.5.1 Key trends
7.5.2 Key growth factors and opportunities
7.5.3 Market size and forecast
7.5.3.1 Latin America
7.5.3.2 Middle East
7.5.3.3 Africa
CHAPTER 8 COMPANY PROFILES
8.1 ArcelorMittal
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Business performance
8.1.5 Key strategic moves & developments
8.2 Commercial Metals Company
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Business performance
8.2.5 Key strategic moves & developments
8.3 SIMS Metal Management Limited
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Business performance
8.3.5 Key strategic moves & developments
8.4 Nucor Corporation
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Business performance
8.4.5 Key strategic moves & developments
8.5 Aurubis AG
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Business performance
8.6 European Metal Recycling Limited
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.7 Schnitzer Steel Industries, Inc.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Business performance
8.7.5 Key strategic moves & developments
8.8 Dowa Holdings Co., Ltd.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Business performance
8.8.5 Key strategic moves & developments
8.9 OmniSource Corporation (Steel Dynamics, Inc.)
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.10 Tata Steel
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Business performance
8.10.5 Key strategic moves & developments
List of Figures
FIG. 1 GLOBAL METAL RECYCLING MARKET, BY GEOGRAPHY, 2020-2030 ($MILLION)
FIG. 2 TOP IMPACTING FACTORS
FIG. 3 TOP INVESTMENT POCKETS
FIG. 4 TOP WINNING STRATEGY ANALYSIS OF METAL RECYCLING MARKET
FIG. 5 TOP WINNING STRATEGY ANALYSIS OF METAL RECYCLING MARKET (% COMPARISON)
FIG. 6 PORTERS FIVE FORCES ANALYSIS OF METAL RECYCLING MARKET
FIG. 7 VALUE CHAIN ANALYSIS OF METAL RECYCLING MARKET
FIG. 8 MARKET SHARE ANALYSIS, 2020
FIG. 9 COMPARATIVE ANALYSIS OF GLOBAL METAL GLOBAL METAL RECYCLING MARKET, BY METAL TYPE, 2020 & 2030 (%)
FIG. 10 STEEL SCRAP USE FOR STEELMAKING IN THE WORLD (MILLION TONNES)
FIG. 11 COMPARATIVE ANALYSIS OF GLOBAL METAL FERROUS METAL RECYCLING MARKET, 2020 & 2030 (%)
FIG. 12 GLOBAL FERROUS METAL RECYCLING MARKET REVENUE, 2020-2030 ($MILLION)
FIG. 13 FERROUS METAL RECYCLING MARKET BY GEOGRAPHY, 2020-2030 (%)
FIG. 14 COMPARATIVE ANALYSIS OF GLOBAL METAL NON-FERROUS METAL RECYCLING MARKET, 2020 & 2030 (%)
FIG. 15 GLOBAL NON-FERROUS METAL RECYCLING MARKET REVENUE, 2020-2030 ($MILLION)
FIG. 16 NON-FERROUS METAL RECYCLING MARKET BY GEOGRAPHY, 2020-2030 (%)
FIG. 17 COMPARATIVE ANALYSIS OF GLOBAL METAL RECYCLING MARKET BY END-USER INDUSTRY, 2020 & 2030 (%)
FIG. 18 COMPARATIVE ANALYSIS OF METAL AUTOMOTIVE METAL RECYCLING MARKET, BY GEOGRAPHY, 2020 & 2030 (%)
FIG. 19 END-OF-LIFE VEHICLE METAL RECYCLING VALUE CHAIN
FIG. 20 GLOBAL AUTOMOTIVE METAL RECYCLING MARKET REVENUE, 2020-2030 ($MILLION)
FIG. 21 AUTOMOTIVE METAL RECYCLING MARKET BY GEOGRAPHY, 2020-2030 (%)
FIG. 22 COMPARATIVE ANALYSIS OF METAL PACKAGING METAL RECYCLING MARKET, BY GEOGRAPHY, 2020 & 2030 (%)
FIG. 23 METAL PACKAGING RECYCLING RATES AROUND THE WORLD
FIG. 24 GLOBAL PACKAGING METAL RECYCLING MARKET REVENUE, 2020-2030 ($MILLION)
FIG. 25 PACKAGING METAL RECYCLING MARKET ANALYSIS BY GEOGRAPHY, 2020-2030 (%)
FIG. 26 COMPARATIVE ANALYSIS OF METAL BUILDING & CONSTRUCTION METAL RECYCLING MARKET, BY GEOGRAPHY, 2020 & 2030 (%)
FIG. 27 GLOBAL BUILDING & CONSTRUCTION METAL RECYCLING MARKET REVENUE, 2020-2030 ($MILLION)
FIG. 28 BUILDING & CONSTRUCTION METAL RECYCLING MARKET BY GEOGRAPHY, 2020-2030 (%)
FIG. 29 COMPARATIVE ANALYSIS OF METAL CONSUMER ELECTRONICS & ELECTRICAL EQUIPMENT METAL RECYCLING MARKET, BY GEOGRAPHY, 2020 & 2030 (%)
FIG. 30 GLOBAL ELECTRONICS & ELECTRICAL EQUIPMENT METAL RECYCLING MARKET REVENUE, 2020-2030 ($MILLION)
FIG. 31 ELECTRONICS & ELECTRICAL EQUIPMENT METAL RECYCLING MARKET BY GEOGRAPHY, 2020-2030 (%)
FIG. 32 COMPARATIVE ANALYSIS OF METAL SHIPBUILDING METAL RECYCLING MARKET, BY GEOGRAPHY, 2020 & 2030 (%)
FIG. 33 GLOBAL SHIPBUILDING METAL RECYCLING MARKET REVENUE, 2020-2030 ($MILLION)
FIG. 34 SHIPBUILDING METAL RECYCLING MARKET BY GEOGRAPHY, 2020-2030 (%)
FIG. 35 COMPARATIVE ANALYSIS INDUSTRIAL MACHINERY METAL RECYCLING MARKET, BY GEOGRAPHY, 2020 & 2030 (%)
FIG. 36 GLOBAL INDUSTRIAL MACHINERY METAL RECYCLING MARKET REVENUE, 2020-2030 ($MILLION)
FIG. 37 INDUSTRIAL MACHINERY METAL RECYCLING MARKET BY GEOGRAPHY, 2020-2030 (%)
FIG. 38 COMPARATIVE ANALYSIS OF METAL OTHER INDUSTRIES METAL RECYCLING MARKET, BY GEOGRAPHY, 2020 & 2030 (%)
FIG. 39 GLOBAL OTHER INDUSTRIES METAL RECYCLING MARKET REVENUE, 2020-2030 ($MILLION)
FIG. 40 OTHER INDUSTRIES METAL RECYCLING MARKET BY GEOGRAPHY, 2020-2030 (%)
FIG. 41 COMPARATIVE ANALYSIS OF GLOBAL METAL RECYCLING MARKET BY END-USER INDUSTRY, 2014 & 2022 (%)
FIG. 42 LARGEST CONSUMERS OF STEEL SCRAP, BY COUNTRY, 2012 & 2013
FIG. 43 COMPARATIVE ANALYSIS OF METAL RECYCLING- END-USER INDUSTRY MARKET
FIG. 44 NORTH AMERICAN MARKET REVENUE, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
FIG. 45 U.S. FERROUS SCRAP EXPORTS, BY MAJOR DESTINATIONS, 2009-2013
FIG. 46 U.S.: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 47 METALS RECYCLING INDUSTRY STRUCTURE
FIG. 48 CANADA: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 49 MEXICO: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 50 COMPARATIVE ANALYSIS OF METAL RECYCLING- END-USER INDUSTRY MARKET SHARE OF EUROPE MARKET, 2020 & 2030 (%)
FIG. 51 EUROPE MARKET REVENUE, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
FIG. 52 GERMANY: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 53 U.K.: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 54 RUSSIA: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 55 ITALY: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 56 SPAIN: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 57 REST OF EUROPE: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 58 COMPARATIVE ANALYSIS OF METAL RECYCLING- END-USER INDUSTRY MARKET SHARE OF ASIA-PACIFIC MARKET, 2020 & 2030 (%)
FIG. 59 ASIA-PACIFIC MARKET REVENUE, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
FIG. 60 CHINA: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 61 JAPAN: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 62 INDIA: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 63 SOUTH KOREA: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 64 REST OF ASIA-PACIFIC: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 65 COMPARATIVE ANALYSIS OF METAL RECYCLING- END-USER INDUSTRY MARKET SHARE OF LAMEA MARKET, 2020 & 2030 (%)
FIG. 66 LAMEA MARKET REVENUE, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
FIG. 67 LATIN AMERICA: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 68 MIDDLE EAST: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 69 AFRICA: METAL RECYCLING MARKET, 2020-2030 ($MILLION)
FIG. 70 ARCELORMITTAL: SALES, 2018-2020 ($MILLION)
FIG. 71 ARCELORMITTAL: SALES, BY BUSINESS SEGMENT, 2020 (%)
FIG. 72 ARCELORMITTAL: SALES, BY GEOGRAPHY, 2020 (%)
FIG. 73 COMMERCIAL METALS COMPANY: NET SALES, 2018-2020 ($MILLION)
FIG. 74 COMMERCIAL METALS COMPANY: NET SALES, BY PRODUCT, 2020 (%)
FIG. 75 COMMERCIAL METALS COMPANY: NET SALES, BY GEOGRAPHY, 2020 (%)
FIG. 76 SIMS METAL MANAGEMENT LIMITED: REVENUE, 2018-2020 ($MILLION)
FIG. 77 SIMS METAL MANAGEMENT LIMITED: REVENUE, BY BUSINESS SEGMENT, 2020 (%)
FIG. 78 SIMS METAL MANAGEMENT LIMITED: REVENUE, BY GEOGRAPHY, 2020 (%)
FIG. 79 NUCOR CORPORATION: NET SALES, 2018-2020 ($MILLION)
FIG. 80 NUCOR CORPORATION: NET SALES, BY BUSINESS SEGMENT, 2020 (%)
FIG. 81 AURUBIS AG: REVENUE, 2018-2020 ($MILLION)
FIG. 82 AURUBIS AG: REVENUE, BY BUSINESS SEGMENT, 2020 (%)
FIG. 83 AURUBIS AG: REVENUE, BY GEOGRAPHY, 2020 (%)
FIG. 84 SCHNITZER STEEL INDUSTRIES, INC.: REVENUE, 2018-2020 ($MILLION)
FIG. 85 SCHNITZER STEEL INDUSTRIES, INC.: REVENUE, BY BUSINESS SEGMENT, 2020 (%)
FIG. 86 SCHNITZER STEEL INDUSTRIES, INC.: REVENUE, BY GEOGRAPHY, 2020 (%)
FIG. 87 DOWA HOLDINGS CO., LTD.: NET SALES, 2018-2020 ($MILLION)
FIG. 88 DOWA HOLDINGS CO., LTD.: NET SALES, BY BUSINESS SEGMENT, 2020 (%)
FIG. 89 DOWA HOLDINGS CO., LTD.: NET SALES, BY GEOGRAPHY, 2020 (%)
FIG. 90 STEEL DYNAMICS, INC.: NET SALES, 2018-2020 ($MILLION)
FIG. 91 STEEL DYNAMICS, INC.: NET SALES, BY BUSINESS SEGMENT, 2020 (%)
FIG. 92 TATA STEEL: NET SALES, 2018-2020, ($MILLION)
FIG. 93 TATA STEEL: NET SALES, BY BUSINESS SEGMENT, 2020 (%)
FIG. 94 TATA STEEL: NET SALES, By year 2020
List of Tables
TABLE 1 GLOBAL METAL RECYCLING MARKET, BY METAL TYPE, 2020-2030 ($MILLION)
TABLE 2 FERROUS METAL RECYCLING MARKET, BY GEOGRAPHY, 2020-2030 ($MILLION)
TABLE 3 NON-FERROUS METAL RECYCLING MARKET, BY GEOGRAPHY, 2020-2030 ($MILLION)
TABLE 4 GLOBAL METAL RECYCLING MARKET, BY END USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 5 AUTOMOTIVE METAL RECYCLING MARKET REVENUE BY GEOGRAPHY, 2020-2030 ($MILLION)
TABLE 6 PACKAGING METAL RECYCLING MARKET REVENUE BY GEOGRAPHY, 2020-2030 ($MILLION)
TABLE 7 BUILDING & CONSTRUCTION METAL RECYCLING MARKET REVENUE BY GEOGRAPHY, 2020-2030 ($MILLION)
TABLE 8 ELECTRONICS & ELECTRICAL EQUIPMENT METAL RECYCLING MARKET REVENUE BY GEOGRAPHY, 2020-2030 ($MILLION)
TABLE 9 SHIPBUILDING METAL RECYCLING MARKET REVENUE BY GEOGRAPHY, 2020-2030 ($MILLION)
TABLE 10 INDUSTRIAL MACHINERY METAL RECYCLING MARKET REVENUE BY GEOGRAPHY, 2020-2030 ($MILLION)
TABLE 11 OTHER INDUSTRIES METAL RECYCLING MARKET REVENUE BY GEOGRAPHY, 2020-2030 ($MILLION)
TABLE 12 NORTH AMERICA: METAL RECYCLING MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 13 NORTH AMERICA METAL RECYCLING MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 14 EUROPE METAL RECYCLING MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 15 EUROPE METAL RECYCLING MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 16 ASIA-PACIFIC METAL RECYCLING MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 17 ASIA-PACIFIC METAL RECYCLING MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 18 LAMEA METAL RECYCLING MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 19 LAMEA METAL RECYCLING MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 20 ARCELORMITTAL COMPANY SNAPSHOT
TABLE 21 ARCELORMITTAL OPERATING BUSINESS SEGMENTS
TABLE 22 COMMERCIAL METALS COMPANY COMPANY SNAPSHOT
TABLE 23 COMMERCIAL METALS COMPANY OPERATING BUSINESS SEGMENTS
TABLE 24 SIMS METAL MANAGEMENT LIMITED- COMPANY SNAPSHOT
TABLE 25 SIMS METAL MANAGEMENT LIMITED OPERATING BUSINESS SEGMENTS
TABLE 26 NUCOR CORPORATION- COMPANY SNAPSHOT
TABLE 27 NUCOR CORPORATION OPERATING BUSINESS SEGMENTS
TABLE 28 AURUBIS AG - COMPANY SNAPSHOT
TABLE 29 AURUBIS AG OPERATING BUSINESS SEGMENTS
TABLE 30 EUROPEAN METAL RECYCLING LIMITED COMPANY SNAPSHOT
TABLE 31 SCHNITZER STEEL INDUSTRIES, INC. COMPANY SNAPSHOT
TABLE 32 SCHNITZER STEEL INDUSTRIES, INC.- OPERATING BUSINESS SEGMENTS
TABLE 33 DOWA HOLDINGS CO., LTD. COMPANY SNAPSHOT
TABLE 34 DOWA HOLDINGS CO., LTD.- OPERATING BUSINESS SEGMENTS
TABLE 35 OMNISOURCE CORPORATION COMPANY SNAPSHOT
TABLE 36 OMNISOURCE CORPORATION- OPERATING BUSINESS SEGMENTS
TABLE 37 TATA STEEL- COMPANY SNAPSHOT
TABLE 38 TATA STEEL- OPERATING BUSINESS SEGMENTS
Metal recycling refers to the recovery of scrap metals from end-of-life products that can be re-used as raw material in the production of new products. This contributes toward preservation of natural resources by reducing the need for mining, and decreases emissions, and ozone layer depletion. In addition, it conserves energy as scrap metal processing requires less energy than extracting fresh metal from ores. Government initiatives and consumer awareness toward recycling is anticipated to foster the market growth. According to the Institute of Scrap Recycling Industries (ISRI), the U.S. alone recycles more than 130 million metric tons of ferrous metals and automotive industry was the largest source for scrap in 2020.
Metal recycling is a process and at the same time the basis of an efficient industry. Metal recycling includes the recovering and processing of metal from the end-of life products or structures, so it can be used as a raw material in the production of new goods. Metal recycling also helps in declining greenhouse gas emission levels and preserve natural resources.
Iron & steel, aluminum, copper, and lead are some of the extensively recycled metals owing to their high intrinsic properties. Steel is widely used in automotive, shipbuilding, and packaging industries as it is highly durable and its properties remain unaffected after recycling. Likewise, aluminum is also infinitely recyclable and saves around 95% of the energy as compared to its primary manufacturing. For instance, aluminum extracted from a 50-year-old building can be recycled into a car’s new engine block without losing its quality.
However, unorganized flow of waste metals and less scrap collections zones are anticipated to hamper the growth of the market. Conversely, increase in construction of buildings owing to increase in the disposal of building waste into the landfills is anticipated to provide lucrative opportunities for the growth of the global metal recycling market.
A. The Global metal recycling market size was valued at $217,000.0 million in 2020.
A. Based on type, ferrous segment holds the maximum market share of the Global metal recycling market in 2020.
A. The Global metal recycling market is projected to reach $368,719.9 million by 2030.
A. A rise in manufacturing plant, and growth in automotive industry, are the key trends in the Global metal recycling market.
A. The acquisition is key growth strategy of Global metal recycling industry players.
A. The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
A. Unorganized flow of waste metals, and less scrap collection zones which effects for global metal recycling market.
A. Applications of global metal recycling market includes automotive, packaging, shipbuilding, and aerospace industry.
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