Metal Recycling Market Size 2021 By Industry Growth, Emerging Demand, Business Challenges, Future Plans, Merger, Acquisition and Investment Opportunities, Revenue Expectation, Forecast to 2025

(The Express Wire via Comtex)

TheGlobal Metal Recycling Marketsize is projected to reach around USD 130 billion by 2025. Metal recycling is a metal recovering process to convert it into a reusable entity for several applications. The industry has witnessed considerable growth owing to growing multiple industries dependency on metal along with rising demand from the construction sector. The rising concern across the globe for the scarcity of metals coupled with environmental degradation from mining process is projected to escalate the metal recycling industry in the coming years.

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Global metal recycling market is en route stellar growth in the forthcoming years, on the back of staple business strategies such as acquisition and mergers as well as facility diversification that collectively reflect ample growth prospects amidst staggering competition. Besides flourishing economies across developed regions, mid and low-income countries are also putting up equivalent show of successful ventures that foretell lucrative business returns. These vital market highlights have been extracted from Adroit Market Research’s recently compiled market report added to its expediting online data archive.

One of the driving advantages of metal recycling process is its ability to downsize waste disposal hassles and uncontrolled landfill accumulation. Leading market participants in global metal recycling market are specifically investing towards developing improved technological sophistication with greater efficiency. Automation is one of the most dominant trends and is likely to influence metal recycling market in a myriad way in the coming years. Technologies such as X-Ray, MRI, and laser detection methods are gaining fast track adoption across metal recycling facilities.

Recent reports suggest Tata Steel’s pioneering project of metal recycling in India. The project would be based in Haryana. The development is in alignment with India’s plush steel market and growing scrap recycling needs. Steel is one of the most sought-after metals in the country as it remains a vital raw material across several end-use industries.

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Metal recycling is gaining fast track momentum as recovered scrap metal is used across several end-use industries. Metal recycling is also an ideal industrial practice as the recycled metal obtained does not lose any of its properties or undergoes any degradation. The practice also ensures limited carbon footprint besides fueling judicious utilization of scrap metals. Factors as such continue to nurture million-dollar growth opportunities in global metal recycling market.

In terms of acquisition, Canada based ArcelorMittal has recently sealed an acquisition deal to acquire the assets of Legault Metal which is a front line metal recycling facility in Quebec.

This detailed research report on global metal recycling market is a firsthand information aimed at equipping market players with ample cues on market prognosis, dominant trends, opportunity analysis as well as a review on potential growth barriers that render an unfading influence on the growth of global metal recycling market. A section on market segmentation and geographical diversification reveal that global metal recycling market is diversified into scrap, metal type as well as end-user segments. BY metal global metal recycling market is classified into ferrous and non-ferrous. new and old scrap comprise two major segments based on scrap type. Based on end-user segmentation, global metal recycling market is demarcated into shipbuilding, construction, automotive and the like. A review on competition matrix is also illustrated in the report besides harping on regional segmentation.

The major players operating across the global Metal Recycling market include ArcelorMittal, Commercial Metals Company, Nucor Corporation, Aurubis AG, Tata Steel Limited, Sims Metal Management Limited, European Metal Recycling Limited, Dowa Holdings, Baosteel Group Corporation, Novelis, Norton Aluminum, and Kuusakosi including others. The industry for metal recycling is integrated with the participation of established global players across the globe. In addition, these companies are focusing on expanding their footprint through implementation of inorganic as well as organic strategies which in turn is proliferating the business outlook.

Key segments across Metal recycling market

Metal Overview, 2018-2025, (USD Billion)

  • Ferrous
  • Non-Ferrous

Scrap Overview, 2018-2025, (USD Billion)

  • New Scrap
  • Old Scrap

End User Overview, 2018-2025, (USD Billion)

  • Automotive
  • Construction
  • Consumer Appliances
  • Shipbuilding
  • Equipment Manufacturing
  • Others

Regional Overview, 2018-2025, (USD Billion and kilotons)

  • North America
  • S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia Pacific
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East and Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Reasons for the study

  • The purpose of the study is to give an exhaustive outlook of the global Metal recycling industry. Benchmark yourself against the rest of the market.
  • Be prepared for how investments across the industry will be impacted by socio-political and economic factors over the next few years
  • Ensure you remain competitive as new innovations by existing key players boost the market.

What does the report include?

  • The study on global Metal recycling includes qualitative factors such as drivers, restraints, and opportunities.
  • The study covers the competitive landscape of existing/prospective players in the industry and their strategic initiatives for the product development
  • The study covers a qualitative and quantitative analysis of the market segmented on the basis of metal, scrap and end-user. Moreover, the study provides similar information for the key geographies.
  • Actual market sizes and forecasts have been provided for all the above-mentioned segments.

Press Release Distributed by The Express Wire

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