New study titled “Recycled Metals Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 – 2025” presents a comprehensive regional assessment and detailed segmental analysis
Recycled Metals Market: Introduction
Metals, being an indispensable part of fabrication and automotive industry, are available in abundant quantity. Supply of metals is ensured primarily by extraction from natural resources and secondarily by recycling of used metals. Recycling of metals not only supports sustainability but also provides environmental and industrial benefits, such as it saves energy, minimizes waste volume and reduces pollution. Above all, recycling of metals reduces cost.
With rapid urbanisation and industrialisation, coupled with increasing use of metals in consumer goods, for instance, in electronics products are leading to increasing demand for recycled metals. In the recent years, there have been a significant rise in metal waste volume. Since metals have a unique characteristic to intact its properties, it makes them ideal for recycling. There are different types of metals that can be recycled without changing their original properties, for instance, steel, aluminium, cobalt, lead, copper, etc. In some metals, recycling is considerably cheaper than extraction from natural resources such as in case of aluminium.
The recycling process generally comprises the following key steps: collection, sorting, processing, shredding, and melting followed by purification and solidification. Generally, recycled metals are categorised as ferrous and non-ferrous metals.
Recycled Metals Market: Dynamics
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Government and industrial initiative to minimise metal waste and to support sustainable development is one of the vital reason that helps to increase production of recycled metals. According to the Bureau of International Recycling (BIR), there has been increase in recycling of non-ferrous metals by 6% Y-o-Y in 2016, whereas 0.8% of steel across the globe. Increasing production of recycled metal across the globe and growing demand from the manufacturing industries, coupled with intact properties, provide traction to boost the demand for recycled metals. Growing demand from automotive and industrial machinery applications in turn is expected to boost the demand for recycled metals. Increasing infrastructure investments in developing and developed countries provide necessary traction for the growth of the recycled metals market. Furthermore, excess production of steel has a significant effect on the recycled ferrous metal market. Besides, complexities involved while recycling of mixed metals also restrict the scope of recycling. In the next few years, technological advancement in recycling process will help reduce the cost of recycled metals creating opportunities for the growth of the recycle metals market.
Recycled Metals Market: Segmentation
On the basis of metal type, global recycled metal market is segmented into: Ferrous Non-ferrous
On the basis of application, global recycled metal market is segmented into: Automotive Industrial Machinery Shipbuilding Building and Construction Electrical and Electronics Consumer appliances Others
Recycled Metals Market: Regional Outlook
The global recycled metals market is dominated by the Asia-Pacific region, with a significant share of China, in terms of production and consumption. Growing automotive, manufacturing and building and construction industries in APAC region resulted into increase in demand for recycled metals. The APAC recycled metals market is expected to register healthy CAGR over the forecast period. North America followed by Europe is the major market for recycled metals. Government and industrial initiatives are the major driving factors for the growth of the recycled metals market in these regions. In North America and Europe, the recycled metals market is expected to grow substantially over the forecast period. In Latin America, Middle East and African regions the recycled metals market is anticipated to register slow growth over the forecast period.
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Recycled Metals Market: Key Players
Some of the major players identified in the Global Recycled Metals market are Schnitzer Steel Industries, Inc., Sims Metal Management Ltd, Nucor Corporation, OmniSource Corporation, ArcelorMittal S.A., DOWA HOLDINGS Co., Ltd, European Metal Recycling Limited, Commercial Metals Company, Baosteel Group Corporation, Tata Steel Limited, etc. Over the recent past, key players are focussing on capacity addition in order to cater the increasing demand for recycled metals in end-use industries.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on: Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved Technology Value Chain
Regional analysis includes: North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights: Detailed overview of parent market Changing market dynamics in the industry In-depth market segmentation Historical, current, and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint
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