The report"Metal Recycling Marketby Metal Type (Ferrous, Non-Ferrous), Scrap Type (Old Scrap, New Scrap), End-Use Sector (Construction, Automotive, Equipment Manufacturing, Shipbuilding, Others), Equipment (Shredders, Granulating Machines, Others) - Forecast to 2020", the metal recycling market size is projected to grow from USD 277.12 Billion in 2015 to reach USD 406.16 Billion by 2020, at an estimated CAGR of 7.95%. With accelerated urbanization, growth in infrastructural activities, and increasing industrialization, there is a rapidly increasing need for metal products.
Browse more than 180 market data tables with 48 figures spread through 214 Pages and in-depth TOC on"Metal Recycling Market by Metal Type (Ferrous, Non-Ferrous), Scrap Type (Old Scrap, New Scrap), End-Use Sector (Construction, Automotive, Equipment Manufacturing, Shipbuilding, Others), Equipment (Shredders, Granulating Machines, Others) - Forecast to 2020"http://www.marketsandmarkets.com/Market-Reports/metal-recycling-market-102425671.html
Early buyers will receive 10% customization on reports.
The increasing income and spending capacity of people in developing economies and increasing demand in various end-use sectors such as building & construction, metal fabrication, electronics, medical & health care equipment, automotive, and packaging are the major factors driving the growth of the metal recycling market. The strict laws pertaining to waste management & recycling, increasing awareness of the efficient use of natural resources, and demand for recycled metal have led the public sector bodies such as municipalities and private sector which involves companies offering environmental services such as collection and recycling of metal waste to take active part in the recovery of metal from scrap.
Ferrous metal recycling to gain maximum traction during the forecast period
Ferrous metals are metals with iron and magnetic properties. Iron and steel scrap are some of the most widely recycled ferrous metals in the world. This scrap comes from end-of-life products and scrap generated through manufacturing processes. The use of scrap in steel production has formed an integral part of the steel making industry. According to the Bureau of International Recycling, 40% of the steel production is made from scrap. One ton of recycled steel saves 642 Kwh of energy, 1.8 barrels of oil, 10.9 million Btu's of energy, and 4 cubic yards of landfill space.” Apart from these advantages, recycling ferrous and non-ferrous metals enables the efficient use of earth’s natural resources.
Asia-Pacific to play a key role in the metal recycling market
Factors such as the increasing urbanized population in China and India along with the growth in disposable income, and the spreading awareness regarding the importance of waste management and resource efficiency in these countries are driving the growth of the Asia-Pacific metal recycling market. Rapid industrialization and imposition of strict laws pertaining to waste management and recycling are also major factors contributing to the growth of the metal recycling market.
The scope of the report covers detailed information regarding the major factors influencing the growth of the metal recycling market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been conducted to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, joint ventures, and recent developments associated with the metal recycling market.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India