Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Metal Recycling Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Metal Recycling Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Metal
Recycling Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Metal Recycling Market is offered. In accordance with the report, the global
Metal Recycling Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Metal
recycling refers to the process of recycling and reusing metals after
recovering the metals from commodity whose life cycle has ended. In the process
of recycling, scrapped metals are taken from used products and incorporated as
factors of production in the production of new commodities. Copper, lead, zinc,
iron, and steel are some of the commonly recycled materials. The recycling
process has a series of steps including assembling and categorizing,
processing, melting, distillation and solidification.
Market Drivers
The
supportive norms of the governments of different nations especially the
governments of UK, US Canada, across the globe is primarily driving the growth
of this market. Several systems like waste collections, separation and sorting
are some of the measures undertaken by these governments for enhancing this
market. For example, the operations of the Government of Canada with
industries, territories, and provinces were meant to promote recycling and
reusing of metal products.
Global
Urbanization and rapid industrialization especially in the emerging nations are
demanding huge quantities of metal to carry out operations. On the other hand,
the depletion of natural availability of metals are initiating supply
constraints. The fact that interaction between the demand and supply of metal
can only be brought into equilibrium by recycling metals is augmenting the
growth of this market.
The
process of recycling metals does not interfere with the properties of metal and
does not diminish it. Moreover, the recycling of metal emits lower levels of
greenhouse gases as compared to the emissions set by the production of metals.
Also, Recycling of metals involves lower cost comparative to actual production
of metal. Rising environmental concern among the people coupled with the
governments directives to reduce carbon footprint is fueling the growth of this
market.
The
booming food and beverage sector owing to consumer dependence on convenience
and ready-made foods makes a significant demand for metals and empowers the
growth of this market.
The
development of facilities for recycling and reusing of metals globally
complementary to the gaining momentum of the recycling and reusing processes is
adding impetus to the growth of the metal recycling market.
Market Restraints
The
lack of systematic movement and dumping of waste and the scarcity of dumping
zones for scrap collection is hindering the growth prospects of this market.
The
volatile price of steel is negatively affecting the metal recycling market.
The
production and recycling costs of metal is immoderate. Costly raw materials,
extravagant expenditure on the human resources and also pricey transportation
charges is threatening the growth of the metal recycling market.
Opportunities
Technological
advancement and its application in the establishment of efficient metal
recycling technologies is likely to be good set of circumstances for this
market.
Urbanization
and industrialization at lighting pace and the flourishing sectors like food
and beverages, transportation and many more demand uninterrupted flow of metals
which is a lucrative opportunity for this market.
Trends
Asia
Pacific is projected to dominate the metal recycling market growth. Of world’s
total production of steel and primary aluminum, 72% and 66% respectively comes
from the Asia Pacific region, as estimated in 2019. Rapid urbanization,
industrialization and the constantly surging construction activities are
associated with the growth of the metal recycling market. Europe is also
expected to showcase progress because the application of scrap for the
reproduction of metal is a well-developed market. Hard and fast directives of
the government in the field of energy and the adherence to the establishment of
a circular economy are some other factors. North America is expected to witness
significant growth because of it already being a dominant secondary aluminum
producer. Moreover, the use of EAF process that makes use of scrapped metal by
this region is a factor affecting the growth of this market.
Segment Covered:
This market
intelligence report on the global Metal Recycling Market encompasses market segments based on product type, scrap
type, equipment, end use sector and country.
By
Product Type the global Metal Recycling Market has been divided into:
q Non-Ferrous
q Ferrous
By Scrap Type the global Metal
Recycling Market has been divided into:
q New
Scrap
q Old
Scrap
By Equipment the
global Metal Recycling Market has been divided into:
q Briquetting Machines
q Granulating Machines
q Shears
q Shredders
q Others
By End
Use Sector the global Metal Recycling Market has been divided into:
q Consumer
Appliances
q Packaging
q Shipbuilding
q Equipment
Manufacturing
q Automotive
q Building
and Construction
q Others
By country/region,
the global Metal Recycling Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q ArcelorMittal
q Nucor
Corporation
q Commercial
Metals Company
q Sims
Metal Management Limited
q Aurubis
AG
q CMC
q GFG
Alliance
q Tata
Steel
q Novelis
q European
Metal Recycling
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Metal Recycling Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Tata Steel
In June 2019, an
announcement was made by Tata Steel to for the inauguration of the company’s
first metal recycling plant in Haryana, India. This establishment was supposed
to assist Tata Steel in exploiting the first mover advantage in this
market.
Aurubis AG
In May 2019, the
Belgian-Spanish Metallo Group was acquired by Aurubis AG. The acquisition
strengthened the company’s multi-metal portfolio in the lead, zinc, tin,
nickel, and copper market.
ArcelorMittal
In November
2019, ArcelorMittal made an investment in the brand-new sustainability project
in Europe. The objective of the investment was to provision certification of
Responsible Steel Sites for the product sites of ArcelorMittal
Europe-Flats.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Metal
Recycling Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Metal Recycling Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Metal Recycling caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Metal
Recycling Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Metal Recycling Market
v
Identification
of key factors driving investment opportunities in the Metal
Recycling Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop strategies
based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants