Global Scrap Metal Recycling Market is estimated to reach US$ 3,286.7 Mn by 2022, top key players - Dowa Holdings Co., Ltd., European Metal Recycling Limited, OmniSource Corporation and others
Pune, India -- (SBWIRE) -- 08/10/2018 -- The metal recycling industry is an environment-friendly industry that brings both economic and environmental benefits. Scrap recycling and processing is a highly labor-intensive industry, which increases the employment hiring factor, resulting in a positive impact on the social and economic activities in the country. The metal recycling procedure is avoided by the recyclers to help in development of sustainable environment, by saving energy, which is wasted in procedures as refining, manufacturing activities and mining. Furthermore, the manufacturing of new iron ores can be reduced by adopting the recycling of metal scrap, thereby, resulting in preservation of the limited natural resource and related emissions.
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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
The Scrap Metal Recycling Market was valued at US$ 2214.1 Mn in 2017 and is expected to reach US$ 3286.7 Mn by 2022.
Non-Ferrous Metal Type is anticipated to be the most attractive Segment during the Forecast Period, 2018 – 2026:
Based on the metal type, telecom consulting market is divided into ferrous and non-ferrous. Non-ferrous segment is anticipated to be the most attractive in the metal type of scrap metal recycling market. The titanium scrap is most abundant type of scrap in non-ferrous segment, mostly used for improving casting and reducing cracks in aluminum alloys. The costs involved in collection and disposal of material, increasing enforcement and surveillance, prosecution, education and awareness programs is high. To avoid these heavy cost, various governments are taking initiatives by spreading awareness and deploying law regarding scrap metal recycling. For instance, the U.S., has set-up relevant recycling law in the states for the manufacturing industries. Even other regions are taking initiatives for spreading the awareness about the recycling of the scrap metals recycling in their area.
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Various factors are responsible for the market's growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Scrap Metal Recycling market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Scrap Metal Recycling market's trajectory between forecast periods.
For the purpose of the study, the global Scrap Metal Recycling market is segmented based on various parameters. An in-depth regional classification of the market is also included herein. The factors which are impacting the market's growth are studied in detail. The report also presents a round-up of vulnerabilities which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period. Besides this, profiles of some of the leading players operating in the global Scrap Metal Recycling market are included in the report. Using SWOT analysis, their weaknesses and strengths are analyzed. It also helps the report provide insights into the opportunities and threats that these companies may face during the forecast period.
Table of Contents:
Global Scrap Metal Recycling Market Research Report 2018-2026
Chapter 1 Scrap Metal Recycling Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturers
Chapter 4 Production, Revenue (Value) by Region (2018-2026)
Chapter 5 Supply (Production), Consumption, Export, Import by Regions (2018-2026)
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Scrap Metal Recycling Market Forecast (2018-2026)
Chapter 13 Appendix
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