Recycled Metal Market Scope
Recycled metal is obtained by separating and processing of scrap metal collected from various sources are raw materials. Increasing demand from the building & construction, automotive, equipment manufacturing, shipbuilding, consumer appliances, packaging, other industries driving the demand for the recycled metal market. Further, increasing demand from the emerging economies and emphasizing on metal recovery from the slag residue expected to drive the demand for recycled metal over the forecasted period.
According to AMA, the Global Recycled Metal market is expected to see growth rate of 4.3%
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Recycled Metal market throughout the predicted period.
Nucor Corporation (United States), Commercial Metals Company (United States), Sims Metal Management Limited (United States), Okon Metals, Inc. (United States), Aurubis AG (Germany), ArcelorMittal (Luxembourg), European Metal Recycling Limited (United Kingdom), Dowa Holdings Co., Ltd. (Japan), Tata Steel Limited (India), Tom Martin & Co. Ltd. (United Kingdom) and Kuusakoski Recycling (Finland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Baosteel Group Corporation (China) and Remondis Se & Co. Kg (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Recycled Metal market by Type (Ferrous Metals and Non-Ferrous Metals) and Region with country level break-up.
On the basis of geography, the market of Recycled Metal 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).
Market Leaders and their expansionary development strategies
Metal Producing & Recycling Companies, Environmental Service Providers, Government and Regulatory Bodies, Associations and Industry Bodies, Municipalities, Local, and Regional Authorities and Other
“According to the Victoria State Government, the new regulations require anyone who deals in scrap metal to be a registered second-hand dealer by 1 September 2018. To become a registered second-hand dealer, it is mandatory to apply to the Business Licensing Authority. In addition, it can be only bought or sell with a cheque that is not transferable or payable to cash, or an electronic funds transfer, excluding e-currency and not by cash.”
Market Trend
- Emphasizing On Metal Recovery from the Slag Residue
Market Drivers
- Rising Application of Recycled Metal in the Automotive Industry
- Increasing Awareness about Conservation of Energy and Natural Resources
Opportunities
- Increasing Demand from the Developing Economies Owing to Industrialization
- Rising Demand from the Electrical & Electronics Industry
Restraints
- Stringent Government Regulations Regarding Metal Recycling
Challenges
- Difficulties in the Management of Supply Chain for Recycled Metals