Global Metal Recycling in Mining Market Overview:
The metal recycling process includes the recovery and processing of scrap metal to new raw material for the production of new goods. As with the growing movement of people to cities and rise in the middle-income, which causes rising utilization of more minerals and metals for new infrastructure and commodities, and through this more scrap is available. Metal scrap is valued raw material and it can be recycled and used again and again. In the current market situation, China is putting a stop to waste imports in FY 2019. Additionally, China also banned imports of ferrous and non-ferrous metals, including copper and aluminum scrap, as of mid-2019. Chine revealed its 5-year agenda, that covers special targets for the development of recycling facilities, determined by economic, social, and environmental reasons. Some of the key players profiled in the study are ArcelorMittal (Luxembourg), Globe Metal (Canada), Sims Metal Management Limited (Australia), Nucor Corporation (United States), Commercial Metals Company (United States), Sims Metal Management Limited (United States), Aurubis AG (Germany), Tetronics (International) Limited (United Kingdom), SUEZ (France) and Tata Steel (India).
On the basis of geography, the market of Metal Recycling in Mining has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. On-Site Scrap Metal Processing will boost the Metal Recycling in Mining market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Equipment, the sub-segment i.e. DTH Hammers & Bits will boost the Metal Recycling in Mining market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Metal, the sub-segment i.e. Ferrous will boost the Metal Recycling in Mining market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry Vertical, the sub-segment i.e. Construction will boost the Metal Recycling in Mining market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for the Recycling of Metals to Save the Energy from Producing New Metals
- Rising Availability of Outdated Metal Scrap across the Globe, Majorly in Asia Pacific Regions
- Increasing Players Concentration to the Advanced Recycling
- Market Leading Players are Highly Focus to the Equipment Performance
- Stringent Government Regulations Hindering Free Trade of Scrap Metal
- It Required Huge Initial Investment for New Market Entrants to Enter into this Market
- The huge amount of available scrap metal in the Asia Pacific region and will continue to grow. It will majorly play role in China. In the coming years, China will become a net exporter of scrap metal across the globe, as after import ban on metal scrap in China, still there will be a rise in the number of local collections centers and scrap processing plants. Apart from this, there is huge growth opportunities for other Southeast countries to enhance their recycling facilities.
- Unorganized Metal Scrap Collection in Under-Developed Regions
Major Market Developments:
In May 2019, Malaysia revealed that it is planning to become a regional scrap hub for non-ferrous metal waste recycling in the Southeast Asia region. To promote this, the industry set its first-ever non-ferrous metal association known as SDM. Southeast Asian countries including Thailand, Malaysia, Vietnam, and the Philippines are setting up recycling facilities that will process the nonferrous scrap to filter out the impurities in order to encounter the stringent import scrap criteria to China.
The companies are operating in this industry are focusing on exploring new regions. With the increasing scrap of metal, the leading market players are adopting various marketing strategies including mergers & acquisitions, service expansions, technological investments, and high focus towards bringing automation in this industry. This market is fragmented by the leading players, there is a smaller number of small size players because it required huge initial investment to enter in this business.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Metal Recycling in Mining Service Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Metal Recycling in Mining market on the basis of product  , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Metal Recycling in Mining market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Metal Recycling in Mining industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Dowa Holdings Co. Ltd (Japan), European Metal Recycling Limited (United States) and Gerdau (Brazil).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Metal Recycling in Mining market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.