Metal Recycling Market Confident That Favorable Government Initiatives Will Boost Future Revenue - MarketIntelReports
March 25 2017 - 11:30AM
The report “
Metal Recycling Market by Metal Type (Ferrous
and Non-ferrous Metals) and End-user Industry (Automotive,
Packaging, Shipbuilding, Industrial Machinery and Others) - Global
Opportunity Analysis and Industry Forecast, 2014-2022”,
available on MarketIntelReports, estimates that Asia-Pacific will
continue to dominate market demand during the forecast
period.
Browse numerous Market Tables as well as Figures which are
spread through 127 Pages and an in-depth TOC on the “Metal
Recycling Market 2014 - 2022”
http://www.marketintelreports.com/report/allied0574/metal-recycling-market-by-metal-type-ferrous-and-nonferrous-metals-and-enduser-industry-automotive-packaging-shipbuilding-industrial-machinery-and-others--global-opportunity-analysis-and-industry-forecast-20142022
Scope & Regional Forecast of the Metal Recycling
Market
Metal recycling market generated a revenue of $304,633 million
in 2014 and is expected to reach a market value of $446,472 million
by 2022 with a CAGR of 4.5%. Metal recycling is a process of
reusing and reprocessing scrap metals such as aluminum, steel,
copper, and others into useful materials so as to minimize
greenhouse gas emission levels, preserve natural resources, and
manage energy consumption. With the increase in awareness about
environmental safety, governments are aiming at promoting metal
recycling without disturbing the landscape. For instance, the U.S.
recycles around 60% of the steel that is extracted from scrap and
waste.
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High rate of obsolescence, increase in energy savings with
decreased greenhouse gases emission levels, accelerating
industrialization and urbanization in developing nations and
increasing consumer awareness is presently driving the growth of
metal recycling market. Additionally, increased scarcity of rare
earth metals acts as an opportunity for the global market. However,
unorganized flow of waste metals and less scrap collection zones is
anticipated to restrict the market growth.
Building & construction generated the highest revenue in the
year 2014 owing to high demolition rates in construction sector.
Geographically, the market is segmented into North America, Europe,
Asia-Pacific, and LAMEA. Asia-Pacific contributed the highest
revenue in 2014 and is expected to dominate the market during the
forecast period.
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Prominent Segmentations Involved in the Metal Recycling
Market
The Metal Recycling Market can be broken down into various
segmentations on the basis of -
- Equipment Type: Shredder, Shear, Granulating
Machine and Briquetting Machine.
- Metal Type: Ferrous Metals and Non-Ferrous
Metals.
- End User: Automotive, Packaging, Building
& Construction, Electronics & Electrical Equipment,
Shipbuilding,Industrial Machinery and Others.
- Geographical Location: North America, Europe,
Asia-Pacific and LAMEA.
Some of the sample companies profiled in the Metal
Recycling Market report are as follows:
- ArcelorMittal
- Commercial Metals Company
- SIMS Metal Management Limited
- Nucor Corporation
- Aurubis AG
- European Metal Recycling Limited
- Schnitzer Steel Industries, Inc.
- Dowa Holdings Co., Ltd.
Why buy this report?
- Get a detailed picture of the Metal Recycling Market.
- Pinpoint growth sectors and identify factors driving
change.
- Understand the competitive environment, the market’s major
players and leading brands.
- A five-year forecast method is used in order to assess how the
market is predicted to develop.
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