Recycled Metals Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


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The global recycled metals market has been expanding alongside advancements in the domain of industrial manufacturing. There have been multiple protocols from the manufacturing domain with regard to the use of metallic and semi-metallic substances. Hence, the global recycled metals market is projected to accumulate voluminous revenues in the years to follow. Aluminium and steel are recycled on a large scale across the globe, and this has played a vital role in the growth of the global market. There have been multiple instances wherein aluminium and steel recycling has helped in meeting the global metal demand. 

Advancements in the domain of electronics and communications is a key prospect from the perspective of market growth. 

  • This is because the recurring demand for metallic substances in the electronics sector can only be met with the help of metallic manufacturing. 
  • The possibility of new means for metallic manufacturing emerging in the global industry is also quite high. 
  • This factor shall also bring in a formidable amount of revenues into the global recycled metals market. 
  • There is a stellar demand for improved metallic tools in multiple industries which has also aided market growth. 

On the basis of geography, the global recycled metals market is segmented into North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. The recycled metals market in Asia Pacific is expanding on account of advancements in the semiconductor industry. Furthermore, the affluence of metal mining in the Middle Eastern regions  has also given a thrust to regional market growth.

Recycled Metals Market: Introduction

Metals, being an indispensable part of fabrication and automotive industry, are available in abundant quantity. Supply of metals is ensured primarily by extraction from natural resources and secondarily by recycling of used metals. Recycling of metals not only supports sustainability but also provides environmental and industrial benefits, such as it saves energy, minimizes waste volume and reduces pollution. Above all, recycling of metals reduces cost.

With rapid urbanisation and industrialisation, coupled with increasing use of metals in consumer goods, for instance, in electronics products are leading to increasing demand for recycled metals. In the recent years, there have been a significant rise in metal waste volume. Since metals have a unique characteristic to intact its properties, it makes them ideal for recycling. There are different types of metals that can be recycled without changing their original properties, for instance, steel, aluminium, cobalt, lead, copper, etc. In some metals, recycling is considerably cheaper than extraction from natural resources such as in case of aluminium.

The recycling process generally comprises the following key steps: collection, sorting, processing, shredding, and melting followed by purification and solidification. Generally, recycled metals are categorised as ferrous and non-ferrous metals. 

Recycled Metals Market: Dynamics

Government and industrial initiative to minimise metal waste and to support sustainable development is one of the vital reason that helps to increase production of recycled metals. According to the Bureau of International Recycling (BIR), there has been increase in recycling of non-ferrous metals by 6% Y-o-Y in 2016, whereas 0.8% of steel across the globe. Increasing production of recycled metal across the globe and growing demand from the manufacturing industries, coupled with intact properties, provide traction to boost the demand for recycled metals. Growing demand from automotive and industrial machinery applications in turn is expected to boost the demand for recycled metals. Increasing infrastructure investments in developing and developed countries provide necessary traction for the growth of the recycled metals market. Furthermore, excess production of steel has a significant effect on the recycled ferrous metal market. Besides, complexities involved while recycling of mixed metals also restrict the scope of recycling. In the next few years, technological advancement in recycling process will help reduce the cost of recycled metals creating opportunities for the growth of the recycle metals market.

 Recycled Metals Market: Segmentation

On the basis of metal type, global recycled metal market is segmented into:

  • Ferrous
  • Non-ferrous

On the basis of application, global recycled metal market is segmented into:

  • Automotive
  • Industrial Machinery
  • Shipbuilding
  • Building and Construction
  • Electrical and Electronics
  • Consumer appliances
  • Others

Recycled Metals Market: Regional Outlook

The global recycled metals market is dominated by the Asia-Pacific region, with a significant share of China, in terms of production and consumption. Growing automotive, manufacturing and building and construction industries in APAC region resulted into increase in demand for recycled metals. The APAC recycled metals market is expected to register healthy CAGR over the forecast period. North America followed by Europe is the major market for recycled metals. Government and industrial initiatives are the major driving factors for the growth of the recycled metals market in these regions. In North America and Europe, the recycled metals market is expected to grow substantially over the forecast period. In Latin America, Middle East and African regions the recycled metals market is anticipated to register slow growth over the forecast period.

 Recycled Metals Market: Key Players

Some of the major players identified in the Global Recycled Metals market are Schnitzer Steel Industries, Inc., Sims Metal Management Ltd, Nucor Corporation, OmniSource Corporation, ArcelorMittal S.A., DOWA HOLDINGS Co., Ltd, European Metal Recycling Limited, Commercial Metals Company, Baosteel Group Corporation, Tata Steel Limited, etc. Over the recent past, key players are focussing on capacity addition in order to cater the increasing demand for recycled metals in end-use industries.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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