“Global Metal Recycling Market (By Product Type, Scrap Type, Equipment, End-Use Sector, Region and Geography), Regulatory Status, Company Profile – Forecast to 2025” provides a comprehensive assessment of the fast-evolving high growth of metal recycling market.
In March 2018, Nucor has announced that it is going to build a new rebar micro mill in Florida. The rebar mill will have an annual capacity of 350,000 tons and is expected to employ around 250 people. This plant will be using the scrap ferrous and non-ferrous metals for the production of rebar.
This report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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According to ISRI, it has been seen that in 2015, U.S. has recycled around 67 million metric tonnes of ferrous metals which are then reused for the different products. This shows that the market for recycled materials is very significant and is having a good growth.
Market Analysis: Global Metal Recycling Market
The Global Metal Recycling Market is expected to reach USD 59.5 billion by 2025, from USD 36.0 billion in 2017 growing at a CAGR of 6.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Top Market Competitors:
- ArcelorMittal
- Nucor
- CMC
- Sims Metal Management Limited
- Aurubis
The other players in the market are European Metal Recycling, DOWA HOLDINGS Co., Ltd, Tata Steel, Baosteel Co.,Ltd., REMONDIS SE & Co. KG, Novelis Aluminum, Norton Aluminium Ltd, Kuusakoski, REAL ALLOY, Tom Martin & Co Ltd., TMS International, Ferrous Processing & Trading., PSC Metals, AMG Resources Corporation, Alter Trading Inc, Mervis Industries, OmniSource Corporation, Schnitzer Steel Industries, Inc, AMERICAN IRON & METAL, SUNRISE METAL RECYCLING LTD., Upstate Metal Recycling, Inc., WM. MILLER SCRAP IRON & METAL CO., GFG Alliance, BL Duke, Cozzi Recycling.
Market Drivers:
- Rising demand from the aluminium industry
- Rapid industrialization in the developing economies leading to increased demand for metal products
- Rising awareness for sustainable management practices leading to the increased use of recycled metals
- Awareness for the effective and proper use of natural resources
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Market Restraint:
- No proper organized sector for metal recycling.
- Improper regulations for free and smooth scrap metals recycling trade.
- Supply chain management issues
In 2018, Sims Metal Management Limited has acquired Morley Waste Traders and Lord and Midgley. After this acquisition, Sims Metal Management Limited will have around 50 recycling facilities in the region. This acquisition will help the company to expand its presence in the United Kingdom and also help the local customers for recycling the products in a cost effective way.
Segmentation:
By Type
- Ferrous metal
- Non-ferrous metal
By Scrap Type
- Old scrap
- New scrap
By equipment
- Shredders
- Shears
- Granulating machines
- Briquetting machines
By End user
- Building & construction
- Automotive
- Equipment manufacturing
- Shipbuilding
- Consumer appliances
- Packaging
- Others (Aerospace, furnishing, and residential & commercial utensils sectors)
By Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
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