Industry Background:
Metals are versatile, essential and can be used in a number of ways in different industries. Metal recycling is a more economically and environmentally viable way to obtain and use metals as it uses less energy than metal production. This process consists of four-stage i.e. segregation, preparation, burning, and formation. Metals such as aluminum and steel are the most common recyclable metals. It is used for industrial purposes such as the manufacture of cars, trucks, airplanes, railways, and ships. It helps to preserve natural resources and make the best use of raw materials while saving money.This growth is primarily driven by Emerging Need to Replace Virgin Metal
.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Enviromental & Waste Management sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Novelis Aluminum. (United States), Real Alloy (United States), Matalco Inc. (Canada), Sims Limited. (United States), Kuusakoski Group (Finland), Tata Steel (India), ArcelorMittal (Luxembourg), Commercial Metals Company (United States), Aurubis (Germany), HKS Metals (Netherlands), Schnitzer Steel Industries, Inc. (United States) and Nucor Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On October 1, 2021, Nucor Corporation announced two acquisitions on behalf of The David J. Joseph Company (DJJ). The addition of these new recycling locations, representing a 10% growth in capacity, is consistent with Nucor's growth strategy and demonstrates our commitment to expanding the regional recycling platforms supporting our steel mills. This acquisition brings AMR's total number of recycling facilities to twelve.
The global metal recycling market is segmented with the presence of various players in the Market. Companies offer a wide range of recycled metals, including stainless steel, iron, zinc, copper, and aluminum. Players are investing in new technology for the enhancement of the recycling process. The players are participating in strategic activities like mergers and acquisitions to enhance their market presence.
Regulatory Insights:
“MoEF&CC may streamline and clarify the regulatory requirements eliminating multiple clearances wherever feasible for steel scrap industry. MoEF&CC shall prepare a Standard Operating Procedures (SOP) and codify the procedures and clearances of all the 15 or more Acts/Rules under which clearances are required for setting up of collection & dismantling and scrap processing centers and shall establish a Single Window Clearance System by ensuring expeditious clearances with respect to Environmental and Pollution Regulations. This shall help in smoother and faster setting up of scrapping centers.”
Influencing Trend:
Rise in Adoption of New Technologies in Metal Recycling To Develop Greater Efficiencies and Maximize Profit Margins in Business
Market Growth Drivers:
Emerging Need to Replace Virgin Metal and Increasing Demand for Raw Material Among Industries
Challenges:
High cost of machinery production hindering the Metal Recycling Market and Stiff Competition in The Metal Recycling Market
Restraints:
Safety and Environmental Regulatory Guidelines May Restrain Metal Recycling
Opportunities:
Booming Metal Recycling Businesses in The Indian Market and Increasing Use of Recycling Metals in Various Industries Creating Opportunities for Metal Recycling Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Metal Recycling Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Metal Recycling Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Metal Recycling players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Metal Recycling Study Sheds Light on
The Metal Recycling Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Metal Recycling industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Metal Recycling industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.