Metal Scrap includes ferrous scrap and non- ferrous scrap.
Iron and steel scrap, also referred to as ferrous scrap, comes from end of life products (old or obsolete scrap) as well as scrap generated from the manufacturing process (new, prime or prompt scrap). Obsolete ferrous scrap is recovered from automobiles, steel structures, household appliances, railroad tracks, ships, farm equipment and other sources.
Nonferrous metals, including aluminum, copper, lead, nickel, tin, zinc, and others, are among the few materials that do not degrade or lose their chemical or physical properties in the recycling process. As a result, nonferrous metals have the capacity to be recycled an infinite number of times.
Metals are among the first materials to be captured in the recycling process. They are a great recyclable because of their high value, metal density lends to efficiency in transport, and the properties of metals allow them to recycled again and again. The scrap metal recycling in the United States is to be a $26.83 billion industry in 2018, and metal recyclers in the U.S. handle about 120 million tons of recyclables each year. Some of these major recyclables are iron, steel, aluminum, copper, lead, and zinc.
Scrap metal is generated as a by-product of industrial manufacturing, construction and demolition, and the disposal of obsolete metal products. It is a continuous resource made from appliances, buildings, bridges, airplanes, old cars and more. Scrap metal is truly one of our our most precious resources because it will never be depleted, and it can be remelted and reshaped into new products countless times.
The global Metal Recycling market is volume at 612619 K MT in 2017 and is expected to reach 688044 K MT by the end of 2025, growing at a CAGR of 1.46% between 2017 and 2025.
The report offers detailed coverage of Metal Waste and Recycling industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Metal Waste and Recycling by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Metal Waste and Recycling market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.
First, this report covers the present status and the future prospects of the global Metal Waste and Recycling market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Iron
Copper
Aluminum
Lead
At the same time, we classify Metal Waste and Recycling according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
Iron
Copper
Aluminum
Lead
Market by Application
Building & Construction
Automotive
Equipment Manufacturing
Shipbuilding
Consumer Appliances
Battery
Packaging
Others
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Metal Waste and Recycling market for the forecast period 2021 - 2025?
• What are the driving forces in the Metal Waste and Recycling market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Metal Waste and Recycling industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?