Metal Waste and Recycling Consumption Market Synopsis:
In this report, LP Information covers the present scenario with the base year being 2017 and the growth prospects of global Metal Waste and Recycling market for 20182023.
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 $26.83 billion industry in 2018, and metal recyclers in the U.S. handle about 120 million tons of recyclables each year. Some of these major recyclables are iron, steel, aluminum, copper, lead, and zinc.
Scrap metal is generated as a byproduct of industrial manufacturing, construction and demolition, and the disposal of obsolete metal products. It is a continuous resource made from appliances, buildings, bridges, airplanes, old cars and more. Scrap metal is truly one of our our most precious resources because it will never be depleted, and it can be remelted and reshaped into new products countless times.
The global Metal Recycling market is volume at 612619 K MT in 2017 and is expected to reach 688044 K MT by the end of 2025, growing at a CAGR of 1.46% between 2017 and 2025.
Over the next five years, LPILP Information projects that Metal Waste and Recycling will register a 2.9% CAGR in terms of revenue, reach US$ 340600 million by 2023, from US$ 287600 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Metal Waste and Recycling market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
Building & Construction
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Metal Waste and Recycling consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Metal Waste and Recycling market by identifying its various subsegments.
Focuses on the key global Metal Waste and Recycling manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Metal Waste and Recycling with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industryspecific challenges and risks.
To project the consumption of Metal Waste and Recycling submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.