Future Market Insights (FMI), in an upcoming market research study, brings to fore both macro- and microeconomic factors that will shape the growth curve of the global Metal Recycling market. The growth of this market is attributed to the increasing demand for steel and the urbanization & industrialization in developing countries. Also, growing concerns towards the depletion of natural resources at a fast rate have led governments of several countries to make favorable regulations regarding the metal recycling industry, which is further propelling the metal recycling market.
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Crucial information and forecast statistics, in terms of value and volume, covered in the Metal Recycling market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis
The recent outbreak of the COVID-19 has adversely affected various markets in the chemicals & materials industry. The Metal Recycling market is no different. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential chemicals and raw materials faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Metal Recycling market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Metal Recycling market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Metal Recycling Market: Segmentation
Valuable information covered in the FMI’s Metal Recycling market report has been segregated into key segments and sub-segments.
Metal recycling market, by scrap type:
- Old Scrap
- New Scrap
Metal recycling market, by type:
- Ferrous
- Non-Ferrous
Metal recycling market, by equipment:
- Shredders
- Shears
- Granulating Machines
- Briquetting Machines
Metal recycling, by end-use sector:
- Building & Construction
- Automotive
- Equipment Manufacturing
- Shipbuilding
- Packaging
- Consumer Appliances
- Others (Home & Industrial Furniture, Aerospace, and Residential & Commercial Utensils & Containers)
Metal recycling market, by region:
- North America
- Europe
- Asia Pacific
- Rest of the World
Metal Recycling Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Metal Recycling market. Competitive information detailed in the Metal Recycling market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Metal Recycling market report.
Key players covered in the report include:
- ArcelorMittal (Luxembourg),
- Nucor Corporation (US),
- Commercial Metals Company (US),
- Sims Metal Management Limited (US), and
- Aurubis AG (Germany)
Important Questions Answered in the Metal Recycling Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Metal Recycling market been expanding during the forecast period?
- How will the global Metal Recycling market look like by the end of the forecast period?
- What innovative strategies are adopted by Metal Recycling market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Metal Recycling market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Metal Recycling market
Frequently Asked Questions (FAQ):
- What are the factors influencing the growth of metal recycling
Key factor influencing the growth of metal recycling are stringent laws and regulations enforced by governments, the increase in awareness programs for sustainable waste management practices and the fact that recycling of metals leads to energy saving as compared to mining for new materials.
- What are the types of metal recycling?
The two main types of metal recycling is ferrous and non-ferrous recycling. Ferrous metals possess iron and magnetic properties. This scrap comes from end-of-life products and scrap generated through manufacturing processes. Non-ferrous metals do not contain iron; they include aluminum, copper, brass, tin, nickel, lead, and zinc. Precious metals, such as gold and silver, are also non-ferrous metals. These metals are more malleable than ferrous metals; they are lighter and have a higher resistance to corrosion. These metals are recycled into products such as sewage pipes, water pipes, packaging, furniture, roofing, and road signs.
- Who are the major players in the market?
The major players are ArcelorMittal (Luxembourg), Nucor Corporation (US), Commercial Metals Company (US), SIMS Metal Management Limited (US) and Aurubis AG (Germany)
- Which are the most recycled metals?
Iron and steel scraps are some of the most widely recycled ferrous metals in the world whereas aluminum is one of the most recycled non-ferrous metals in the world.
- What are the different stages of metal recycling?
The process of making the final product from scrap metal ideally involves various stages, such as collection & transportation, sorting, shredding, processing, and melting & purification.