According to IMARC Group’s latest report, titled “Metal Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global metal recycling market exhibited moderate growth during 2015-2020. Metal recycling is the method of processing and recovering scrap metal from end-of-life products. It involves refining unprocessed prompt and obsolete scrap into commodity-grade material. In comparison to new material, metal recycling prevents scrap metal from ending up in landfill sites and offers a lower carbon footprint and more efficient resource utilization. On account of these benefits, metal recycling is widely adopted by various industry verticals, including consumer appliances, automotive, and aerospace.
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The escalating demand for steel and a rapid rise in industrialization and urbanization, particularly in developing regions, is primarily contributing to the global metal recycling market growth. Other than this, there has been an increase in concerns regarding the elevating levels of greenhouse gas (GHG) emissions and depletion of natural resources. This rise has prompted governments of various nations to enforce the use of recycled metal in end use industries by implementing several favorable policies and regulations, which is further driving the market growth. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- ArcelorMittal
- Aurubis AG
- Commercial Metals Company
- Dowa Holdings Co. Ltd.
- European Metal Recycling Ltd (Ausurus Group Ltd)
- Nucor Corporation
- OmniSource LLC (Steel Dynamics Inc.)
- Schnitzer Steel Industries Inc.
- Sims Limited
- Tata Steel Limited.
Market Segmentation:
Breakup by Metal Type:
- Steel
- Aluminum
- Copper
- Others
Breakup by Type:
- Ferrous Metal
- Non-Ferrous Metal
Breakup by End Use Industry:
- Building and Construction
- Packaging
- Automotive
- Industrial Machinery
- Electronics and Electrical Equipment
- Shipbuilding
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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