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#U.S. Copper Scrap Market Size & Share
market-insider · 2 years
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U.S. Copper Scrap Market 2022 | Brass Mills Segment Is Projected To Remain The Fastest-Growing Segment
The U.S. copper scrap market size is expected to reach USD 900.6 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.2% from 2022 to 2030. Demand for recycled copper in foundries and ingot-making applications is projected to boost the market growth.
Copper scrap finds applications in foundries such as casting plants, bronze products, and gunmetal products. Copper casting parts made from copper alloys and bronze are used in construction, electrical, mining, oil & gas, general, and industrial applications. This segment is projected to grow on account of favorable properties of copper such as corrosion resistance, weathering resistance, low maintenance, recyclability, superior strength, magnetic permeability, electrical conductivity, and ease of fabrication.
Gain deeper insights on the market and receive your free copy with TOC now @: U.S. Copper Scrap Market Report
With electrification increasing at a rapid pace in the automobile industry, the demand for metals necessary for the transition from ICE vehicles to electric vehicles is projected to rise over the coming years. The share of EVs sales as a proportion of total vehicles has been growing. For instance, EVs sales reached 3.6% of total EV sales, in Q2 2021, as reported by Alternative Fuels Data Center.
The irregular supply of copper scrap is one of the major challenges in the industry and thus restrains the growth of the market. Loss of copper scrap occurs as most of the scrap ends up in landfill sites. The availability of scrap is also adversely impacted by the long-life cycle of copper products. It is tied up for 10 to 20 years in the transportation sector, more than 30 years in construction and infrastructure, and between 10 to 30 years in the industrial machinery & equipment sector, before it becomes available for recycling.
Technology upgrades and investments are required to improve the recycling rate around the world. This involves more machinery & equipment for scrap processing and separation, trucks and vehicles to transport scrap, technological upgrades to handle diverse, complex, and rapidly changing material compositions, and product miniaturization. Thus, these considerable hurdles restrain the growth of the copper market, as copper scrap is not available regularly for optimized production.
Private investments in the scrap sector are growing. For instance, in the U.S. Aurubis AG has targeted investment for three actions: expanding its recycling capacity including e-waste or electronic scrap, upgrading technology to convert complex materials into high-grade scrap, and developing closed loops for customers, which can end the cycle of metal waste. Similar investments have been witnessed to be on the rise in other regions such as Europe and China.
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industryforecastnews · 6 months
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Metal Recycling Market Size, Share & Trends Report, 2030
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Metal Recycling Market Growth & Trends
The global metal recycling market size projected to reach USD 1.4 trillion by 2027 registering a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Increasing emphasis on circular economy and growing environmental awareness are the major factors that are likely to propel the market growth over the coming years.
International efforts to enhance global recycling capabilities and the increasing availability of obsolete scrap is likely to promote industry growth in the long term. In terms of volume, steel is the most recycled metal than other materials. This is owing to the abundant availability of steel scrap. However, the outbreak of the COVID-19 pandemic is likely to cause a severe decline in the demand for 2020.
Furthermore, the growing consumption of metal in end-use industries is also likely to play a major role in driving market growth. For instance, steel is largely consumed in the automotive, construction, industrial manufacturing, and consumer goods industries. Aluminum recycling is also gaining significant momentum as recycling aluminum saves over 90% energy compared to its primary production.
Metal manufacturers are increasingly promoting recycling as an effective way to address the problem of resource scarcity and mitigate environmental impact associated with the production process. The industry is garnering significant pace as economically viable recovery of metals from the sorted recyclates is now feasible.
Asia Pacific is predicted to be the largest as well as the fastest-growing regional market from 2020 to 2027. Proper waste management and rapid urbanization are the major factors that are likely to trigger industry growth in APAC. The growing manufacturing sector in India, China, Vietnam, Thailand, Myanmar, and Indonesia is leading to increased production activities, thereby boosting the demand for metal recycling.
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Metal Recycling Market Report Highlights
Asia Pacific captured the largest revenue share of 67% in 2019, in terms of volume, as the region is the largest producer of metals in the world
Steel is expected to register the fastest CAGR of 6.4%, in terms of revenue, from 2020 to 2027 owing to abundant availability of steel scrap from automobiles
The construction application segment led the market with a volume share of approximately 47% in 2019, owing to high spending in the construction sector in emerging economies of Asia Pacific
Consumer goods is expected to register the fastest CAGR from 2020 to 2027 on account of rising demand for metal products in this sector
Aluminum was the second-largest recycled product in 2019 owing to the high demand for aluminum for the production of lightweight vehicles
Metal Recycling Market Segmentation
Grand View Research has segmented the global metal recycling market report on the basis of product, application, and region:
Metal Recycling Product Outlook (Volume, Million Tons; Revenue, USD Billion, 2016 - 2027)
Steel
Aluminum
Copper
Others
Metal Recycling Application Outlook (Volume, Million Tons; Revenue, USD Billion, 2016 - 2027)
Construction
Automotive
Consumer Goods
Industrial Goods
Metal Recycling Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2016 - 2027)
North America
The U.S.
Europe
Germany
Russia
Turkey
Asia Pacific
China
India
Japan
Central & South America
Brazil
Middle East & Africa
List of Key Players of Metal Recycling Market
European Metal recycling
CMC
Utah Metal Works
GFG Alliance
Norsk Hydro ASA
Kimmel Scrap Iron & Metal Co., Inc.
Schnitzer Steel Industries, Inc.
Novelis
Tata Steel
Sims Metal Management Limited
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marketreports-blog · 2 years
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According to recent research study, the U.S. Copper Scrap market size & share is expected to grow at a CAGR of 4.56% between 2022 and 2030. The U.S. Copper Scrap industry revenue of USD 620.9 Million in 2021 is expected to grow up to USD 1.2 Billion by 2030.
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Global recycled metal market to reach US$ 979.02 BN by 2026 : TRANSPARENCY MARKET RESEARCH
The recycled metal market was valued at US$ 713.44 Bn in 2017 is anticipated to expand at a CAGR of 3.5% during the forecast period, according to a new report published by Transparency Market Research (TMR)  titled ‘Recycled Metal Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’. Expansion in the recycled metal market is primarily driven by the increase in awareness about energy conservation through secondary production of metals, i.e. metal recycling. Manufacturers of metals have started adopting advanced energy management systems to lower their environmental footprint.
Energy Efficiency and Lower Greenhouse Gas Emissions in Metal Recycling to Drive Market Growth
A large amount of energy is required for the extraction of metal from ores. Energy consumed in metal production accounts for approximately 8.3% of the global energy consumption. Furthermore, the extraction process leads to the emission of greenhouse gases. The primary production of metals entails extraction of metals from metal ores, while secondary production involves the preparation of metals from scrap collection.
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Primary production of ferrous metals entails the reduction of iron oxide to iron by reducing agents such as coke, coal, and natural gas. The reduction takes place at a high temperature and entails high energy. However, the electric arc furnace (EAF) process is used in the secondary production of steel from scrap. The process consumes considerably less amount of energy. Thus, the energy requirement for primary production of ferrous metals is significantly higher than that for secondary production. Therefore, secondary production of ferrous metals through recycled metal leads to cost reduction.
Production of 100 kilo tons of aluminum from bauxite ore requires 4,700 terra joules of energy. Production of other non-ferrous metals such as copper, lead, nickel, tin, and zinc also entails significant amount of energy. Furthermore, the extraction process results in the emission of greenhouse gases. However, non-ferrous metals can be produced from scrap metal sources through a cost-effective method that consumes significantly low amount of energy. The emission of carbon dioxide is reduced during the secondary production of non-ferrous metals.
Manufacturers of metals have started adopting advanced energy management systems to lower their environmental footprint. Recycled metal is projected to help industry players achieve their sustainability goals in the near future. This, in turn, is estimated to propel the recycled metal market in the next few years.
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Rise in E-waste Generation to Boost Recycled Metal Market
Generation of e-waste has increased significantly over the last few years. Constant innovation in the electronics industry has resulted in digital revolution. Changing demands of consumers and constant improvement in technology are driving the electrical and electronic goods market. As a result, electronic goods with conventional technology are being replaced with new devices with improved technology. This, in turn, is driving the production of waste from discarded electronic and electrical equipment.
A well-designed and effective recycling system can encourage the reuse of electronic waste. Electronic waste management systems help prevent the loss of precious metals and lower the emission of greenhouse gases. Led by the rise in awareness about environmental concerns, governments of developed and developing countries are focusing on recycling of electronic waste to encourage resource conservation.
The rate of metal recycling from e-waste is anticipated to increase substantially in the next few years in order to meet the rise in demand for metals in several end-user industries. Thus, e-waste is expected to be the most promising source of recycled metal, considering the significant increase in e-waste generation and rise in demand for metal.
Demand for various ferrous, non-ferrous, and precious metals in construction, automotive, and electronic industries is likely to increase significantly in the near future. Thus, recycled metal is estimated to be a lucrative end-user of the global e-waste market during the forecast period.
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Regional Perspective of Recycled Metal Market
In terms of revenue and volume, Asia Pacific constituted significant share of the recycled metal market in 2017. Expansion in automotive and building & construction (especially new construction) industries is estimated to provide lucrative opportunities to the market during the forecast period. Asia Pacific is anticipated to be a highly attractive region of the global market, with growth potential being exhibited by China, India, and ASEAN countries such as Indonesia, Malaysia, and Singapore. Japan South Korea, Australia, and New Zealand are some the mature countries of the recycled metal market in Asia Pacific.
Europe followed Asia Pacific in terms of revenue and volume in 2017. This trend is anticipated to continue during the forecast period. The overall recycling rates in EU-28 countries for various metals are high compared to that in Rest of Europe. Domestic and imported scrap is utilized in Europe, which contributes to the market share held by the region.
The U.S. accounts for significant share of the market in North America. Metal recycling is an established market in the region. Automotive, shipbuilding, and industrial machinery end-users constitute large share of the demand for recycled metal. North America is also one of the leading producers of recycled metal.
High Degree of Competition Exists Among Established Players
Players of different sizes and shares operate in the global recycled metal market. High intensity of competition is likely to exist among established players due to their integrated value chain. Exit barriers are high owing to the high fixed costs and large capital investment made at the initial stage. This, in turn, intensifies rivalry among market players.
In coming years, as the debate on the potential impact of the chemical manufacturing across industries on the ecology gets fiercer, new monitoring technologies will emerge. Latest compliance regulations will expand the scope of green chemistries for businesses in the downstream value chain. Further, manufacturers in the market will increasingly leverage digital channels to reach high-value customers. Many will use them to avoid disruption such as by pandemics.
The sustainability aspects have dramatically changes the raw material sourcing strategies for many businesses in the global Metal Recycling market. Players have become more responsible toward reducing or managing the waste, are adopting material informatics equipped with artificial intelligence (AI), and adopting energy-efficient production processes in order to maximize returns on invested capital.
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somya08 · 3 years
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Global Non-Ferrous Scrap Market Size, Status and Forecast 2021-2027
Aluminum, copper, lead, nickel, tin, and zinc are among the many base metals that are referred in the industry as nonferrous scrap. These materials have a variety of uses and maintain their chemical properties through repeated recycling and reprocessing. This trait makes nonferrous metals infinitely recyclable and important to maintaining sustainability in resource conservation.
Non-Ferrous Scrap can be divided into the following categories: Copper, Aluminum, Lead and Zinc, Nickel, etc. The survey results show that in 2019, Copper accounts for 47.71% and Aluminum accounts for 28.55% of the Non-Ferrous Scrap market.
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The downstream applications of Non-Ferrous Scrap waste can be divided into Building & Construction, Automotive, Equipment Manufacturing, Shipbuilding, Consumer Appliances, Battery, Packaging and so on. According to the survey results, Building & Construction accounted for the largest share of the market in 2019 with 40.74%. In second place was Equipment Manufacturing, with 27.39% in 2019.
Non-Ferrous Scrap industry concentration is low, with a large number of participants.
Asia-Pacific is the world's largest sales market, with an annual output value accounting for 63.5% of the market. Europe and North America followed with 17.91% and 15.59% in 2019, respectively.
Market Analysis and Insights: Global Non-Ferrous Scrap Market
The global Non-Ferrous Scrap market size is projected to reach US$ 115140 million by 2027, from US$ 95820 million in 2020, at a CAGR of 2.7% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Non-Ferrous Scrap market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Non-Ferrous Scrap market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Non-Ferrous Scrap market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Non-Ferrous Scrap market.
Global Non-Ferrous Scrap Scope and Market Size
Non-Ferrous Scrap market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Non-Ferrous Scrap market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type
Copper
Aluminum
Lead and Zinc
Nickel
Others
Segment by Application
Battery
Packaging
Automotive
Shipbuilding
Consumer Appliances
Building & Construction
Equipment Manufacturing
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Sims Metal Management
OmniSource
European Metal Recycling
Schnitzer Steel Industries
Hanwa
Commercial Metals
Stena Metal International
Yechiu Group
Chiho Environmental Group
Nucor
Cohen
DOWA
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Table of content
1 Report Overview 1.1 Study Scope 1.2 Market Analysis by Type 1.2.1 Global Non-Ferrous Scrap Market Size Growth Rate by Type: 2016 VS 2021 VS 2027 1.2.2 Copper 1.2.3 Aluminum 1.2.4 Lead and Zinc 1.2.5 Nickel 1.2.6 Others 1.3 Market by Application 1.3.1 Global Non-Ferrous Scrap Market Share by Application: 2016 VS 2021 VS 2027 1.3.2 Battery 1.3.3 Packaging 1.3.4 Automotive 1.3.5 Shipbuilding 1.3.6 Consumer Appliances 1.3.7 Building & Construction 1.3.8 Equipment Manufacturing 1.3.9 Others 1.4 Study Objectives 1.5 Years Considered 2 Global Growth Trends 2.1 Global Non-Ferrous Scrap Market Perspective (2016-2027) 2.2 Non-Ferrous Scrap Growth Trends by Regions 2.2.1 Non-Ferrous Scrap Market Size by Regions: 2016 VS 2021 VS 2027 2.2.2 Non-Ferrous Scrap Historic Market Share by Regions (2016-2021) 2.2.3 Non-Ferrous Scrap Forecasted Market Size by Regions (2022-2027) 2.3 Non-Ferrous Scrap Industry Dynamic 2.3.1 Non-Ferrous Scrap Market Trends 2.3.2 Non-Ferrous Scrap Market Drivers 2.3.3 Non-Ferrous Scrap Market Challenges 2.3.4 Non-Ferrous Scrap Market Restraints 3 Competition Landscape by Key Players 3.1 Global Top Non-Ferrous Scrap Players by Revenue 3.1.1 Global Top Non-Ferrous Scrap Players by Revenue (2016-2021) 3.1
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leonfrancisblog · 3 years
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Cobalt market is expected to grow at a compound annual growth rate of 10.97% for the forecast period of 2021 to 2028|Major Competitors China Molybdenum Co., Ltd., Glencore, Sheritt International Corporation, Vale, SUMITOMO METAL MINING CO LTD., Norilsk Nickel, GEM Co., Ltd
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Cobalt market is expected to grow at a compound annual growth rate of 10.97% for the forecast period of 2021 to 2028.  Data Bridge Market Research report on cobalt market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. Cobalt is a type of chemical element found in the earth’s crust only chemically combined form. It is a free element that is produced by reductive smelting. Cobalt is a by-product of copper and nickel so; most of the cobalt is produced by the production of nickel and copper. Pure metallic cobalt is a lustrous, hard, silver-gray metal and is usually used in several industrial applications counting high-temperature super alloys, stainless steels, medical prosthetics, hard-facing products and cemented carbides.
The growing use of cobalt for metallurgical uses mainly in high-temperature alloys (superalloys) has highly influenced growth of the cobalt market. In line with this, the Increase in the use of cobalt in the electric vehicle as well as the high demand of cobalt owing the recyclable nature is also acting as a key determinant favoring the growth of the cobalt market over the forecast period of 2021 to 2028. Also the rapid increase in lithium ion battery production, superior energy density, recyclability of cobalt and strong presence of major construction companies are also positively impacting the growth of the cobalt market. The major factor accountable for the growth of the market is the rapid technological advancements along with rapid urbanization and globalization as well as the rising disposable incomes. However, the irregularity in supply occurring due to a lack of advanced infrastructure and political volatility may act as key restraint towards cobalt market growth rate in the forecast period of 2021 to 2028, whereas due to the inconsistency between the supply and demand, the prices of cobalt are probable to rise which have the potential to challenge the growth of the cobalt market in the above mentioned forecast period.
Global Cobalt Market, By  Form (Chemical Compound, Metal, Purchased Scrap), Application (Battery Chemicals, Super Alloy, Ceramic and Pigments, Hard Metals, Magnets, Life Science, Binder Material), End User (Electronics, Automotive, Aerospace, Medical), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028. This cobalt market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on cobalt market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Cobalt Market Scope and Market Size:
Cobalt market is segmented on the basis of form, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of form, the cobalt market is segmented into chemical compound, metal and purchased scrap. Based on application, the cobalt market is segmented into battery chemicals, super alloy, ceramic and pigments, hard metals, magnets, life science and binder material. Battery chemicals have further been segmented into lithium cobalt oxide (LCO), lithium nickel manganese cobalt (NMC) and lithium nickel cobalt aluminum oxide (NCA).The end user segment for cobalt market is segmented into electronics, automotive, aerospace and medical.
Key Market Competitors:
The major players covered in the cobalt market report are China Molybdenum Co., Ltd., Glencore, Sheritt International Corporation, Vale, SUMITOMO METAL MINING CO LTD., Norilsk Nickel, GEM Co., Ltd., Huayou Cobalt Co., Ltd., BHP, Yantai Cash Industrial Co Ltd., Freeport Cobalt, Sumitomo Corporation, Horizonte Minerals, CMOC, Jervois Mining, Missouri Cobalt, LLC, FLEURETTE PROPERTIES LIMITED, McKinsey & Company, Jinchuan Group International Resources Co. Ltd., and Umicore among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
MAJOR TOC OF THE REPORT:
Chapter One: Cobalt Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Cobalt Market Competition, by Players
Chapter Four: Cobalt Market Size by Regions
Chapter Five: Cobalt Market Revenue by Countries
Chapter Six: Cobalt Market Revenue by Type
Chapter Seven: Cobalt Market Revenue by Application
Chapter Eight: Cobalt Market Revenue by Industries
Chapter Nine: Cobalt Market Revenue by Deployment Model
Chapter Ten: Cobalt Market Revenue by End User
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Laser Capture Global Cobalt Market aids in understanding the crucial product segments and their perspective.
Initial graphics and exemplified that a SWOT evaluation of large sections supplied from the Laser Capture Global Cobalt Market.    
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Global Cobalt Market?    
What are the Risks and Challenges in front of the market?
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What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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Oxygen-Free Copper Market
Copper Market
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speedylightheart · 4 years
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Metal Recycling Market Report Covers New Aspects Impact on Share, Size, Types 2025
Metal Recycling Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025– Growing Environmental Awareness is Driving the Growth of Global Metal Recycling market.
Metal Recycling Market is valued at USD 346.86 Billion in 2018 and expected to reach USD 468.56 Billion by 2025 with a CAGR of 4.39% over the forecast period.      
Metal recycling comprises the recovery and processing of scrap metal from end-of-life products or structures and from manufacturing scrap, so that it can be introduced as a raw material to produce new goods. It can be recycled repeatedly with no degradation of its properties and qualities. It offers raw material for new products, while having a much lower carbon footprint and more efficient utilization of resources than new material. There are two main categories of scrap metal: ferrous metal and non-ferrous metal. While ferrous metal contains some degree of iron, non-ferrous metal does not contain iron as a component. Non-ferrous scrap includes aluminum, copper, lead, nickel, tin, zinc and others. The main stages for metal recycling process are collecting, sorting, processing, melting, purification, and solidifying.
Global metal recycling market report is segmented on the basis of metal type, end user and region. Based upon metal type, global metal recycling market is classified as ferrous metal and non-ferrous metal. Based upon end-user, global metal recycling market is classified as building & construction, packaging, automotive, industrial machinery, electronics & electrical equipment, shipbuilding and others.
The regions covered in this metal recycling market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Metal Recyclingis sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
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Key Players for Global Metal Recycling Market Reports–
Global Metal Recyclingmarket report covers prominent players like ArcelorMittal, Nucor Corporation, Commercial Metals Company, SIMS Metal Management Limited, Aurubis AG, European Metal Recycling Limited, Tata Steel,Dowa Holdings Co., Ltd., OmniSource Corporation, Schnitzer Steel Industries, Inc., Novelis Inc, Norton Aluminium Lts., Real Alloy, Tom Martin & Co Ltd. and others.
Growing environmental awareness is driving growth of the Global Metal Recycling market.
Scrap Metals are valuable materials which can be recycled again and again without degrading its properties. Approximately 40 percent of worldwide steel production is made using recycled steel and every year, around 400 million tons of metal are recycled worldwide. It is environmentally mandatory to recycle scrap and unused metal to preserve natural resources while requiring less energy to process than the manufacture of new products using new raw materials. Recycling emits less carbon dioxide and other harmful gasses. It saves money and allows manufacturing businesses to reduce their production cost. It is one of the stable markets whose demand will be present always because of need of metal in society. Industrialization and urbanization development in emerging economies such as China, India, Brazil are anticipated to increase the demand for metal recycling market within the forecast period. The growing complexity of various modern products and their material mix makes recycling increasingly difficult, which can be a restraining factor for this market. The use of sensors to identify metals through infra-red scanning and x-ray has become popular in metal recycling market and can create an opportunity for metal recycling market.
Asia Pacific is expected to dominate the Metal Recycling Market
Asia-Pacific is expected to dominate the metal recycling market due to rapid economic development, increase in population, favourable Government policies and regulations to support environmental protection and waste management. In addition, with the growing awareness of environmental well being in various Asia Pacific countries, there has been a strong set of frameworks for waste management which starts from collecting waste till it is disposed and anticipated to drive the metal recycling market in this region during the forecast period.
Key Benefits for Global Metal Recycling Market Reports –
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Metal Recycling Market Segmentation –
By Metal Type:
Ferrous Metal, Non-ferrous Metal
By End-User:
Building & Construction, Packaging, Automotive, Industrial Machinery, Electronics & Electrical Equipment, Shipbuilding, Others
By Region: North America (US., Canada), Europe (UK., France, Germany, Italy), Asia Pacific (China, Japan, India, Southeast Asia), Latin America (Brazil, Mexico), Middle East and Africa (GCC, Africa, Rest of Middle East and Africa)
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jayu123-me · 4 years
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Recycled Metal Market is anticipated to expand at a CAGR of 3.5%
The recycled metal market was valued at US$ 713.44 Bn in 2017 is anticipated to expand at a CAGR of 3.5% during the forecast period, according to a new report published by Transparency Market Research (TMR)  titled ‘Recycled Metal Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’. Expansion in the recycled metal market is primarily driven by the increase in awareness about energy conservation through secondary production of metals, i.e. metal recycling. Manufacturers of metals have started adopting advanced energy management systems to lower their environmental footprint.
Energy Efficiency and Lower Greenhouse Gas Emissions in Metal Recycling to Drive Market Growth
A large amount of energy is required for the extraction of metal from ores. Energy consumed in metal production accounts for approximately 8.3% of the global energy consumption. Furthermore, the extraction process leads to the emission of greenhouse gases. The primary production of metals entails extraction of metals from metal ores, while secondary production involves the preparation of metals from scrap collection.
Primary production of ferrous metals entails the reduction of iron oxide to iron by reducing agents such as coke, coal, and natural gas. The reduction takes place at a high temperature and entails high energy. However, the electric arc furnace (EAF) process is used in the secondary production of steel from scrap. The process consumes considerably less amount of energy. Thus, the energy requirement for primary production of ferrous metals is significantly higher than that for secondary production. Therefore, secondary production of ferrous metals through recycled metal leads to cost reduction.
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Production of 100 kilo tons of aluminum from bauxite ore requires 4,700 terra joules of energy. Production of other non-ferrous metals such as copper, lead, nickel, tin, and zinc also entails significant amount of energy. Furthermore, the extraction process results in the emission of greenhouse gases. However, non-ferrous metals can be produced from scrap metal sources through a cost-effective method that consumes significantly low amount of energy. The emission of carbon dioxide is reduced during the secondary production of non-ferrous metals.
Manufacturers of metals have started adopting advanced energy management systems to lower their environmental footprint. Recycled metal is projected to help industry players achieve their sustainability goals in the near future. This, in turn, is estimated to propel the recycled metal market in the next few years.
Rise in E-waste Generation to Boost Recycled Metal Market
Generation of e-waste has increased significantly over the last few years. Constant innovation in the electronics industry has resulted in digital revolution. Changing demands of consumers and constant improvement in technology are driving the electrical and electronic goods market. As a result, electronic goods with conventional technology are being replaced with new devices with improved technology. This, in turn, is driving the production of waste from discarded electronic and electrical equipment.
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A well-designed and effective recycling system can encourage the reuse of electronic waste. Electronic waste management systems help prevent the loss of precious metals and lower the emission of greenhouse gases. Led by the rise in awareness about environmental concerns, governments of developed and developing countries are focusing on recycling of electronic waste to encourage resource conservation.
The rate of metal recycling from e-waste is anticipated to increase substantially in the next few years in order to meet the rise in demand for metals in several end-user industries. Thus, e-waste is expected to be the most promising source of recycled metal, considering the significant increase in e-waste generation and rise in demand for metal.
Demand for various ferrous, non-ferrous, and precious metals in construction, automotive, and electronic industries is likely to increase significantly in the near future. Thus, recycled metal is estimated to be a lucrative end-user of the global e-waste market during the forecast period.
Regional Perspective of Recycled Metal Market
In terms of revenue and volume, Asia Pacific constituted significant share of the recycled metal market in 2017. Expansion in automotive and building & construction (especially new construction) industries is estimated to provide lucrative opportunities to the market during the forecast period. Asia Pacific is anticipated to be a highly attractive region of the global market, with growth potential being exhibited by China, India, and ASEAN countries such as Indonesia, Malaysia, and Singapore. Japan South Korea, Australia, and New Zealand are some the mature countries of the recycled metal market in Asia Pacific.
Europe followed Asia Pacific in terms of revenue and volume in 2017. This trend is anticipated to continue during the forecast period. The overall recycling rates in EU-28 countries for various metals are high compared to that in Rest of Europe. Domestic and imported scrap is utilized in Europe, which contributes to the market share held by the region.
The U.S. accounts for significant share of the market in North America. Metal recycling is an established market in the region. Automotive, shipbuilding, and industrial machinery end-users constitute large share of the demand for recycled metal. North America is also one of the leading producers of recycled metal.
High Degree of Competition Exists Among Established Players
Players of different sizes and shares operate in the global recycled metal market. High intensity of competition is likely to exist among established players due to their integrated value chain. Exit barriers are high owing to the high fixed costs and large capital investment made at the initial stage. This, in turn, intensifies rivalry among market players.
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priyanka16me · 4 years
Text
Recycled Metal Market to Reach US$ 979 Billion by 2026
The recycled metal market was valued at US$ 713.44 Bn in 2017 is anticipated to expand at a CAGR of 3.5% during the forecast period, according to a new report published by Transparency Market Research (TMR)  titled ‘Recycled Metal Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’. Expansion in the recycled metal market is primarily driven by the increase in awareness about energy conservation through secondary production of metals, i.e. metal recycling. Manufacturers of metals have started adopting advanced energy management systems to lower their environmental footprint.
Energy Efficiency and Lower Greenhouse Gas Emissions in Metal Recycling to Drive Market Growth
A large amount of energy is required for the extraction of metal from ores. Energy consumed in metal production accounts for approximately 8.3% of the global energy consumption. Furthermore, the extraction process leads to the emission of greenhouse gases. The primary production of metals entails extraction of metals from metal ores, while secondary production involves the preparation of metals from scrap collection.
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Primary production of ferrous metals entails the reduction of iron oxide to iron by reducing agents such as coke, coal, and natural gas. The reduction takes place at a high temperature and entails high energy. However, the electric arc furnace (EAF) process is used in the secondary production of steel from scrap. The process consumes considerably less amount of energy. Thus, the energy requirement for primary production of ferrous metals is significantly higher than that for secondary production. Therefore, secondary production of ferrous metals through recycled metal leads to cost reduction.
Production of 100 kilo tons of aluminum from bauxite ore requires 4,700 terra joules of energy. Production of other non-ferrous metals such as copper, lead, nickel, tin, and zinc also entails significant amount of energy. Furthermore, the extraction process results in the emission of greenhouse gases. However, non-ferrous metals can be produced from scrap metal sources through a cost-effective method that consumes significantly low amount of energy. The emission of carbon dioxide is reduced during the secondary production of non-ferrous metals.
Manufacturers of metals have started adopting advanced energy management systems to lower their environmental footprint. Recycled metal is projected to help industry players achieve their sustainability goals in the near future. This, in turn, is estimated to propel the recycled metal market in the next few years.
Rise in E-waste Generation to Boost Recycled Metal Market
Generation of e-waste has increased significantly over the last few years. Constant innovation in the electronics industry has resulted in digital revolution. Changing demands of consumers and constant improvement in technology are driving the electrical and electronic goods market. As a result, electronic goods with conventional technology are being replaced with new devices with improved technology. This, in turn, is driving the production of waste from discarded electronic and electrical equipment.
A well-designed and effective recycling system can encourage the reuse of electronic waste. Electronic waste management systems help prevent the loss of precious metals and lower the emission of greenhouse gases. Led by the rise in awareness about environmental concerns, governments of developed and developing countries are focusing on recycling of electronic waste to encourage resource conservation.
The rate of metal recycling from e-waste is anticipated to increase substantially in the next few years in order to meet the rise in demand for metals in several end-user industries. Thus, e-waste is expected to be the most promising source of recycled metal, considering the significant increase in e-waste generation and rise in demand for metal.
Demand for various ferrous, non-ferrous, and precious metals in construction, automotive, and electronic industries is likely to increase significantly in the near future. Thus, recycled metal is estimated to be a lucrative end-user of the global e-waste market during the forecast period.
Regional Perspective of Recycled Metal Market
In terms of revenue and volume, Asia Pacific constituted significant share of the recycled metal market in 2017. Expansion in automotive and building & construction (especially new construction) industries is estimated to provide lucrative opportunities to the market during the forecast period. Asia Pacific is anticipated to be a highly attractive region of the global market, with growth potential being exhibited by China, India, and ASEAN countries such as Indonesia, Malaysia, and Singapore. Japan South Korea, Australia, and New Zealand are some the mature countries of the recycled metal market in Asia Pacific.
Europe followed Asia Pacific in terms of revenue and volume in 2017. This trend is anticipated to continue during the forecast period. The overall recycling rates in EU-28 countries for various metals are high compared to that in Rest of Europe. Domestic and imported scrap is utilized in Europe, which contributes to the market share held by the region.
The U.S. accounts for significant share of the market in North America. Metal recycling is an established market in the region. Automotive, shipbuilding, and industrial machinery end-users constitute large share of the demand for recycled metal. North America is also one of the leading producers of recycled metal.
High Degree of Competition Exists Among Established Players
Players of different sizes and shares operate in the global recycled metal market. High intensity of competition is likely to exist among established players due to their integrated value chain. Exit barriers are high owing to the high fixed costs and large capital investment made at the initial stage. This, in turn, intensifies rivalry among market players.
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monaligvr-blog · 6 years
Text
E-waste Management Market Growth Factors, Trends and Forecast Report to 2025
San Francisco, 28 January 2019 –  “E-waste Management Market Size, Share & Trends Analysis Report By Processed Material (Metals, Plastic, Glass), By Source (Industrial, Consumer), By Application (Disposal, Recycle), And Segment Forecasts, [2018 - 2025]”
The global e-waste market generated is expected to reach 63.705 million metric Tons by 2025, according to a study conducted by Grand View Research, Inc. The rising disposable income in developing countries coupled with consumer’s inclination toward technologically advanced gadgets have resulted in the significant sales of electronic devices across the globe, thereby driving the e-waste management market.
Furthermore, with the increasing use of electronic devices across the world, the amount of waste generated has also substantially increased over the years. The disposal of e-scrap has become a key concern for developing as well as developed economies since health hazards associated with e-scrap landfill and incineration are considerable. Hence, the need to manage and recycle this waste is expected to emerge as a primary need for numerous nations worldwide, which, in turn, is expected to positively impact the growth of the e-waste management market over the next nine years.
Additionally, a majority of nations across the globe have regulated electronic scrap generation and their treatment procedures. For instance, the European Union (EU) has authorized all electronic goods manufacturers to undertake the responsibility for the treatment of end-of-life products. A few of these regulations include the Restriction of Hazardous Substances Directive (RoHS), the Basel Convention, and the Waste Electrical and Electronic Equipment Directive (WEEE), among others. Waste management initiatives and programs also help in job creation and imparting technological knowledge, thus aiding in poverty alleviation and enhanced health conditions.
However, high costs associated with e-waste recycling are expected to hinder the market growth. Moreover, the procurement of high-end machinery to effectively recycle the scrap coupled with instructing the workers about the meticulous execution of every step remain to be the major hurdles in the growth of the e-waste management market. However, increasing the awareness about the hazardous effects of e-waste on human health along with strict regulations concerning the generation and treatment of e-waste in a majority of countries are expected to reduce the effect of these challenges over the forecast period.
Browse Research Report On E-waste Management Market : www.grandviewresearch.com/industry-analysis/e-waste-management-market
Further key findings from the study suggest:
The global e-waste management market stood at 44.69 million metric tons in 2016. Increasing government regulations regarding adequate e-scrap treatment along with increasing mid-income population in developing economies
The metal segment accounted for the highest market share in 2016. Electronic components are mainly made up of metals that are used for various purposes such as tracks in PCBs and peripheral equipment, which, in turn, is anticipated to drive the segment growth over the forecast years.
The consumer electronics segment held the highest market share in 2016. The rising disposable income coupled with falling prices of consumer electronics are key reasons that are positively affecting the consumer electronic market.
The disposal segment held the highest market share in 2016. However, the recycling segment is anticipated to grow at a substantial CAGR of over 3.0% owing to programs undertaken by numerous governments and NGOs that focus on effective collection, treatment, and recycling of e-scrap.
Prominent market participants include Electronic Recyclers International, Inc., Enviro-Hub Holdings Ltd., MRI (Australia) Pty Ltd., Sims Recycling Ltd., Umicore S.A., and Waste Management, Inc., among others.
View more reports of this category by Grand View Research at www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the global e-waste management market on the basis of processed material, source, application, and region:
E-waste Management Processed Material Outlook (Volume, Million Metric Tons, 2014-2025)
Metal
Copper
Steel
Others
Plastic
Glass
Others
E-waste Management Source Outlook (Volume, Million Metric Tons, 2014-2025)
Industrial Electronics
IT & Telecom Equipment
Datacenters
Networking Cards/Equipment
Digital Boards
Others
Medical Equipment
Monitoring And Control Equipment
Others
Consumer Electronics
Household Appliances
Refrigerator
Television
Others
Handheld Electronics
Smartphones
Tablets
Wearables
Others
IT Accessories
Keyboards
Mice
Laptop Cases
USD Memory Sticks
Others
IT Equipment
Desktops
Laptops
Netbooks
Others
PCBs
High-grade
Medium-grade
Low-grade
Others
Application Outlook (Volume, Million Metric Tons, 2014-2025)
Disposal
Reuse
Landfill
Incineration
Recycle
Regional Outlook (Volume, Million Metric Tons, 2014-2025)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Norway
Sweden
Switzerland
Austria
Belgium
Netherlands
Ireland
Asia Pacific
China
India
Japan
Taiwan
South Korea
Latin America
Brazil
Mexico
Middle East & Africa
Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-e-waste-management-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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mrfr01-blog · 7 years
Text
Global Metal Recycling Market is growing by 7% CAGR by 2022
Market Scenario 
Metal recycling is the method of using the scrap metals with the objective of building brand new metallic products. Metal production costs are reduced drastically when scrap metal is recycled. The increasing awareness of the efficient utilization of natural resources is expected to drive the demand for metal recycling market.
On the basis of metal type, ferrous metal is dominating the metal recycling market. The growth can be attributed to the increased recycling rate and the high scrap consumption. On the basis of applications, electronics segment has the largest market share in the metal recycling market. All electronics contain high valued metals such as lead, copper and aluminum and the recycling of such substances ensures the conservation of natural resources. Therefore, electronics is the largest growing segment in the market. Global metal recycling market is expected to cross USD 400 billion mark by the end of 2022. Also it is expected to grow at approximately 7% CAGR.
Regional Analysis of Metal recycling market
The metal recycling market can be geographically segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). Asia-Pacific is expected to dominate the global metal recycling market due to the continuous economic growth of the region and the rise in GDP of nations such as India and Singapore among others have led to the growth of the automotive and construction industry. This contributes to the growth of the metal recycling market in the region.
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Key Players
The key players of metal recycling market are ArcelorMittal (Luxembourg), Baosteel Group Corporation (China) European Metal Recycling Limited (U.K.), Nucor Corporation (U.S.), Aurubis AG (Germany), Commercial Metals Company (U.S.), Linde AG (Germany), Tata Steel Limited (India), Sims Metal Management Limited (U.S.), Dowa Holdings Co., Ltd. (Japan) and others.
Intended Audience
Bearing manufacturers
Distributer & Supplier companies
End Users
consultants and Investment bankers
Government as well as Independent Regulatory Authorities
Product Analysis 
Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information
Regulatory Landscape
Pricing Analysis
MacroeconomicIndicators
Geographic Analysis
Geographical analysis across 15 countries
Company Information
Profiling of 10 key market players
In-depth analysis including SWOT analysis, and strategy information of related to report title
Competitive landscape including emerging trends adopted by major companies
The report for Metal recycling market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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transparencym-blog · 7 years
Text
Electronic Scrap Recycling Market  Expected to Reach US$34.32 bn by 2022
According to a new market report published by Transparency Market Research “Electronic Scrap Recycling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022”, the global electronic scrap recycling market was worth US$ 11.03 Bn in 2014 and is expected to reach US$ 34.32 Bn by 2022, growing at a CAGR of 15.7% from 2015 to 2022. Europe was the largest market for electronic scrap recycling in 2014. Growth in this region is expected to be driven by stringent government regulations and huge profits generated through the recovery of precious metals from electronic scrap.
Browse The Report: https://www.transparencymarketresearch.com/electronic-scrap-recycling-market.html
Owing to the wide availability of electronic scrap and the rising global volume of scrap electronic products, a trend of focus on increasing electronic scrap recycling capacity by smelting and refining companies has been observed in various regions worldwide. The importance of electronic scrap is on the rise in response to changes in consumer patterns and advancements in the technology of electronic devices.
With advancements in technology, the demand for electronic and electrical equipment has risen dramatically. Persistent innovations on electronic and electrical technologies have further shortened the use-life of electronic and electrical products. This has enhanced the generation of e-waste or waste from electronic and electrical equipment. E-waste primarily comprises laptops, computers, mobile phones, television sets, and other electrical or electronic household appliances.
According to the UN Environment Programme (UNEP), around 20 million to 50 million tons of e-waste are generated every year globally and volumes are increasing three-folds faster than other forms of municipal wastes. This is primarily fuelled by expanding markets and rapid product innovations such as the switch from analog to digital technologies. The global production of e-waste is increasing rapidly and is expected to pick up pace in coming years. E-waste is considered to be hazardous; therefore it should be managed and processed carefully. Additionally, the presence of various precious metals such as gold, silver, palladium, tantalum, and gallium makes e-waste attractive for recycling. Thus, most companies in the field are either entering into the electronic recycling business or expanding the recycling capacity at their smelting and refining facilities. For instance in June 2012,
On the basis of metals extracted, the global electronic scrap recycling market is segmented into ferrous, non-ferrous and precious metals. In terms of volume, in 2014, ferrous metals were the major contributor in the market and accounted for around 40% of the overall electronic scrap recycling market. However, precious metals segment is expected to expand at a CAGR of 11.2% from 2015 to 2022.
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The global electronic scrap recycling market, in current situation shows the presence of key players including Boliden Group, Umicore N.V., Dowa Holdings Co., Ltd., Ultromex Ltd., LS-Nikko Copper Inc., Glencore Xstrata Plc, Enviro-Hub Holdings Ltd., Outotec Oyj, Mitsui & Co., Ltd., Mitsubishi Materials USA Corporation, MRP Company, Inc., Aurubis AG, and JX Nippon Mining and Metal Corporation, Electronic Recyclers International, Inc., Sims Metal Management Ltd., Stena Technoworld AB, Tetronics Ltd., and Global Electric Electronic Processing Inc.
About Us
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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Text
Metal Recycling Market 2017: Trends, Size, Share, Growth and Forecast 2022
Market Scenario:
Metal Recycling is the method of using the scrap metals with the objective of building brand new metallic products. Metal production costs are reduced drastically when scrap metal is recycled. The increasing awareness of the efficient utilization of natural resources is expected to drive the demand for Metal Recycling Market.
On the basis of metal type, ferrous metal is dominating the Metal Recycling Market. The growth can be attributed to the increased recycling rate and the high scrap consumption. On the basis of applications, electronics segment has the largest market share in the metal recycling market. All electronics contain high valued metals such as lead, copper and aluminum and the recycling of such substances ensures the conservation of natural resources. Therefore, electronics is the largest growing segment in the market. Global Metal Recycling Market is expected to cross USD 400 billion mark by the end of 2022. Also it is expected to grow at approximately 7% CAGR.
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Study Objectives of Metal recycling market
To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Metal Recycling Market
To provide insights about factors affecting the market growth
To Analyse the Global Metal Recycling Market based on various factors such as supply chain analysis, and Porter’s five force analysis
To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segments by metal type, equipment, by application and by region
To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Metal Recycling Market.
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Key Players:
The key players of Metal Recycling Market are ArcelorMittal (Luxembourg), Baosteel Group Corporation (China) European Metal Recycling Limited (U.K.), Nucor Corporation (U.S.), Aurubis AG (Germany), Commercial Metals Company (U.S.), Linde AG (Germany), Tata Steel Limited (India), Sims Metal Management Limited (U.S.), Dowa Holdings Co., Ltd. (Japan) and others.
Intended Audience:
Bearing manufacturers
Distributer & Supplier companies
End Users
consultants and Investment bankers
Government as well as Independent Regulatory Authorities
Key Points from Table of Contents:
8 Competitive Analysis
8.1    Introduction
8.2    Competitive Scenario
8.2.1    Market Share Analysis
8.2.2    Market Development Analysis
8.2.3    Metal type/Service Benchmarking
8.3    ArcelorMittal (Luxembourg)
8.3.1    Overview
8.3.2    Metal type/Service Offering
8.3.3    Strategy
8.4     Baosteel Group Corporation (China)
8.4.1    Overview
8.4.2    Metal type/Service Offering
8.4.3    Strategy
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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jayu123-me · 4 years
Text
Recycled Metal Market to Reach US$ 979 Billion by 2026
The recycled metal market was valued at US$ 713.44 Bn in 2017 is anticipated to expand at a CAGR of 3.5% during the forecast period, according to a new report published by Transparency Market Research (TMR)  titled ‘Recycled Metal Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’. Expansion in the recycled metal market is primarily driven by the increase in awareness about energy conservation through secondary production of metals, i.e. metal recycling. Manufacturers of metals have started adopting advanced energy management systems to lower their environmental footprint.
Energy Efficiency and Lower Greenhouse Gas Emissions in Metal Recycling to Drive Market Growth
A large amount of energy is required for the extraction of metal from ores. Energy consumed in metal production accounts for approximately 8.3% of the global energy consumption. Furthermore, the extraction process leads to the emission of greenhouse gases. The primary production of metals entails extraction of metals from metal ores, while secondary production involves the preparation of metals from scrap collection.
Primary production of ferrous metals entails the reduction of iron oxide to iron by reducing agents such as coke, coal, and natural gas. The reduction takes place at a high temperature and entails high energy. However, the electric arc furnace (EAF) process is used in the secondary production of steel from scrap. The process consumes considerably less amount of energy. Thus, the energy requirement for primary production of ferrous metals is significantly higher than that for secondary production. Therefore, secondary production of ferrous metals through recycled metal leads to cost reduction.
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Production of 100 kilo tons of aluminum from bauxite ore requires 4,700 terra joules of energy. Production of other non-ferrous metals such as copper, lead, nickel, tin, and zinc also entails significant amount of energy. Furthermore, the extraction process results in the emission of greenhouse gases. However, non-ferrous metals can be produced from scrap metal sources through a cost-effective method that consumes significantly low amount of energy. The emission of carbon dioxide is reduced during the secondary production of non-ferrous metals.
Manufacturers of metals have started adopting advanced energy management systems to lower their environmental footprint. Recycled metal is projected to help industry players achieve their sustainability goals in the near future. This, in turn, is estimated to propel the recycled metal market in the next few years.
Rise in E-waste Generation to Boost Recycled Metal Market
Generation of e-waste has increased significantly over the last few years. Constant innovation in the electronics industry has resulted in digital revolution. Changing demands of consumers and constant improvement in technology are driving the electrical and electronic goods market. As a result, electronic goods with conventional technology are being replaced with new devices with improved technology. This, in turn, is driving the production of waste from discarded electronic and electrical equipment.
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A well-designed and effective recycling system can encourage the reuse of electronic waste. Electronic waste management systems help prevent the loss of precious metals and lower the emission of greenhouse gases. Led by the rise in awareness about environmental concerns, governments of developed and developing countries are focusing on recycling of electronic waste to encourage resource conservation.
The rate of metal recycling from e-waste is anticipated to increase substantially in the next few years in order to meet the rise in demand for metals in several end-user industries. Thus, e-waste is expected to be the most promising source of recycled metal, considering the significant increase in e-waste generation and rise in demand for metal.
Demand for various ferrous, non-ferrous, and precious metals in construction, automotive, and electronic industries is likely to increase significantly in the near future. Thus, recycled metal is estimated to be a lucrative end-user of the global e-waste market during the forecast period.
Regional Perspective of Recycled Metal Market
In terms of revenue and volume, Asia Pacific constituted significant share of the recycled metal market in 2017. Expansion in automotive and building & construction (especially new construction) industries is estimated to provide lucrative opportunities to the market during the forecast period. Asia Pacific is anticipated to be a highly attractive region of the global market, with growth potential being exhibited by China, India, and ASEAN countries such as Indonesia, Malaysia, and Singapore. Japan South Korea, Australia, and New Zealand are some the mature countries of the recycled metal market in Asia Pacific.
Europe followed Asia Pacific in terms of revenue and volume in 2017. This trend is anticipated to continue during the forecast period. The overall recycling rates in EU-28 countries for various metals are high compared to that in Rest of Europe. Domestic and imported scrap is utilized in Europe, which contributes to the market share held by the region.
The U.S. accounts for significant share of the market in North America. Metal recycling is an established market in the region. Automotive, shipbuilding, and industrial machinery end-users constitute large share of the demand for recycled metal. North America is also one of the leading producers of recycled metal.
High Degree of Competition Exists Among Established Players
Players of different sizes and shares operate in the global recycled metal market. High intensity of competition is likely to exist among established players due to their integrated value chain. Exit barriers are high owing to the high fixed costs and large capital investment made at the initial stage. This, in turn, intensifies rivalry among market players.
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Global Metal Recycling Market Information Report by Metal Type (Ferrous, and Non-Ferrous), by Equipment (Shredders, Granulating Machines and others), by Application (Electronics, Construction, Shipbuilding, Automotive, and Others) and by Region - Global Forecast To 2022
Market Scenario
Metal recycling is the method of using the scrap metals with the objective of building brand new metallic products. Metal production costs are reduced drastically when scrap metal is recycled. The increasing awareness of the efficient utilization of natural resources is expected to drive the demand for metal recycling market.
On the basis of metal type, ferrous metal is dominating the metal recycling market. The growth can be attributed to the increased recycling rate and the high scrap consumption. On the basis of applications, electronics segment has the largest market share in the metal recycling market. All electronics contain high valued metals such as lead, copper and aluminum and the recycling of such substances ensures the conservation of natural resources. Therefore, electronics is the largest growing segment in the market. Global metal recycling market is expected to cross USD 400 billion mark by the end of 2022. Also it is expected to grow at approximately 7% CAGR.
Study Objectives of Metal recycling market
·         To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Metal recycling market
·         To provide insights about factors affecting the market growth
·         To Analyse the Global Metal recycling market based on various factors such as supply chain analysis, and Porter’s five force analysis
·         To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
·         To provide country level analysis of the market with respect to the current market size and future prospective
·         To provide country level analysis of the market for segments by metal type, equipment, by application and by region
·         To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
·         To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Metal Recycling Market
 Market Segmentation
Regional Analysis of Metal recycling market
The metal recycling market can be geographically segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). Asia-Pacific is expected to dominate the global metal recycling market due to the continuous economic growth of the region and the rise in GDP of nations such as India and Singapore among others have led to the growth of the automotive and construction industry. This contributes to the growth of the  metal recycling market in the region.
Key Players
The key players of metal recycling market are ArcelorMittal (Luxembourg), Baosteel Group Corporation (China) European Metal Recycling Limited (U.K.), Nucor Corporation (U.S.), Aurubis AG (Germany), Commercial Metals Company (U.S.), Linde AG (Germany), Tata Steel Limited (India), Sims Metal Management Limited (U.S.),Dowa Holdings Co., Ltd. (Japan) and others.
Intended Audience
·         Bearing manufacturers
·         Distributer & Supplier companies
·         End Users
·         consultants and Investment bankers
·         Government as well as Independent Regulatory Authorities
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jayu123-me · 4 years
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Recycled Metal Market to Reach US$ 979 Billion by 2026
The recycled metal market was valued at US$ 713.44 Bn in 2017 is anticipated to expand at a CAGR of 3.5% during the forecast period, according to a new report published by Transparency Market Research (TMR)  titled ‘Recycled Metal Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’. Expansion in the recycled metal market is primarily driven by the increase in awareness about energy conservation through secondary production of metals, i.e. metal recycling. Manufacturers of metals have started adopting advanced energy management systems to lower their environmental footprint.
Energy Efficiency and Lower Greenhouse Gas Emissions in Metal Recycling to Drive Market Growth
A large amount of energy is required for the extraction of metal from ores. Energy consumed in metal production accounts for approximately 8.3% of the global energy consumption. Furthermore, the extraction process leads to the emission of greenhouse gases. The primary production of metals entails extraction of metals from metal ores, while secondary production involves the preparation of metals from scrap collection.
Primary production of ferrous metals entails the reduction of iron oxide to iron by reducing agents such as coke, coal, and natural gas. The reduction takes place at a high temperature and entails high energy. However, the electric arc furnace (EAF) process is used in the secondary production of steel from scrap. The process consumes considerably less amount of energy. Thus, the energy requirement for primary production of ferrous metals is significantly higher than that for secondary production. Therefore, secondary production of ferrous metals through recycled metal leads to cost reduction.
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Production of 100 kilo tons of aluminum from bauxite ore requires 4,700 terra joules of energy. Production of other non-ferrous metals such as copper, lead, nickel, tin, and zinc also entails significant amount of energy. Furthermore, the extraction process results in the emission of greenhouse gases. However, non-ferrous metals can be produced from scrap metal sources through a cost-effective method that consumes significantly low amount of energy. The emission of carbon dioxide is reduced during the secondary production of non-ferrous metals.
Manufacturers of metals have started adopting advanced energy management systems to lower their environmental footprint. Recycled metal is projected to help industry players achieve their sustainability goals in the near future. This, in turn, is estimated to propel the recycled metal market in the next few years.
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Rise in E-waste Generation to Boost Recycled Metal Market
Generation of e-waste has increased significantly over the last few years. Constant innovation in the electronics industry has resulted in digital revolution. Changing demands of consumers and constant improvement in technology are driving the electrical and electronic goods market. As a result, electronic goods with conventional technology are being replaced with new devices with improved technology. This, in turn, is driving the production of waste from discarded electronic and electrical equipment.
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A well-designed and effective recycling system can encourage the reuse of electronic waste. Electronic waste management systems help prevent the loss of precious metals and lower the emission of greenhouse gases. Led by the rise in awareness about environmental concerns, governments of developed and developing countries are focusing on recycling of electronic waste to encourage resource conservation.
The rate of metal recycling from e-waste is anticipated to increase substantially in the next few years in order to meet the rise in demand for metals in several end-user industries. Thus, e-waste is expected to be the most promising source of recycled metal, considering the significant increase in e-waste generation and rise in demand for metal.
Demand for various ferrous, non-ferrous, and precious metals in construction, automotive, and electronic industries is likely to increase significantly in the near future. Thus, recycled metal is estimated to be a lucrative end-user of the global e-waste market during the forecast period.
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Regional Perspective of Recycled Metal Market
In terms of revenue and volume, Asia Pacific constituted significant share of the recycled metal market in 2017. Expansion in automotive and building & construction (especially new construction) industries is estimated to provide lucrative opportunities to the market during the forecast period. Asia Pacific is anticipated to be a highly attractive region of the global market, with growth potential being exhibited by China, India, and ASEAN countries such as Indonesia, Malaysia, and Singapore. Japan South Korea, Australia, and New Zealand are some the mature countries of the recycled metal market in Asia Pacific.
Europe followed Asia Pacific in terms of revenue and volume in 2017. This trend is anticipated to continue during the forecast period. The overall recycling rates in EU-28 countries for various metals are high compared to that in Rest of Europe. Domestic and imported scrap is utilized in Europe, which contributes to the market share held by the region.
The U.S. accounts for significant share of the market in North America. Metal recycling is an established market in the region. Automotive, shipbuilding, and industrial machinery end-users constitute large share of the demand for recycled metal. North America is also one of the leading producers of recycled metal.
High Degree of Competition Exists Among Established Players
Players of different sizes and shares operate in the global recycled metal market. High intensity of competition is likely to exist among established players due to their integrated value chain. Exit barriers are high owing to the high fixed costs and large capital investment made at the initial stage. This, in turn, intensifies rivalry among market players.
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