Metal Recycling Market: Rampant Construction in APAC Driving Demand
The global metal recycling market from the construction industry is expected to grow at a CAGR of 8% for the forecast period 2019-2025.
(firmenpresse) - Each year, almost 400 million tons of metal is reused across the globe for which metal recycling acts as the best solution to shrink the escalating environmental issues in this modern era according to a recent market intelligence report published by IndustryARC. As per the report, the global metal recycling market was valued at $300.12 billion as of 2018. It is evaluated to grow at a healthy compound annual growth rate (CAGR) of 7.5% during the forecast period of 2019-2025.
The report is titled: “Metal Recycling Market: By Type (Ferrous metals and non-ferrous metals); By End-User Industry (Construction, Industrial and others); & Geography Forecast (2019-2025).” It provides an in-depth analysis of market opportunities, market drivers, market trends, competitive landscape and strategic analysis of the global metal recycling market.
ISRI (Institute of Scrap Recycling Industries Inc), BMRA (British Metals Recycling Association), AMRA (Australian Metal Recycling Industry Association), CARI (Canadian Associations of Recycling Industries) are some of the major metal recycling trade associations, according to the analyst
View Table Of Contents Of Metal Recycling Market:
https://industryarc.com/Report/15547/metal-recycling-market.html
Metal Recycling Market: Leading Segments
Steel, concrete, plastics, paper and cardboard, aluminium, topsoil, paint, and untreated timber are the generally used recycled material in a construction site. American Iron and Steel Institute the (AISI) states that steel is the most recycled material on the earth. Worldwide 40% of steel production is obtained fthe rom recycled steel. [1] Augmenting investments in construction projects by both public and private sectors are creating numerous the opportunities for the exposure of, the metal recycopportunityThus, construction application is identified as thstest growing application with a noticeab,le CAGR of 8% dopportunityresaid forecast period.
APAC held a dominating demand share of 35% in the global metal recycling market as of 2018. Scrap metal plays a prominent role in developing the country’s economy and to maintain a better environment around. China, India, Japan, and Australia, are the developing countria es in the APAC region which are boosting the growth and need for recycled metals. Expanding urbanization in massively populated countries such as India and China coupled with increasing consciousness related to waste management and resource efficiency is driving the requirement of metal recycling. In 2018, India has imported ferrous waste and scrap; remelting scrap ingots of iron or steel (excluding slag, scale) for a value of $3,408,463 thousand. And also experienced a 3.9% of annual growth in value during 2017-2018. [2] Therefore, APAC metal recycling market is projected to grow at a steady growth rate in the near future.
Metal Recycling Market: Growth Drivers
Biotechnology, pyrometallurgy, and hydrometallurgy are the three effective metal sensing processes, which are mostly used in improving the metal recovery rates.
Growing usage of sensors in metal detecting process, through infra-red scanning and x-ray, has been commonly found in large recycling facilities.
Increasing demand for metal recycling, for End of Life Vehicles (ELV) in auto manufacturing and steel industry is providing significant opportunities in the auto recycling industry.
Growth of the productivity in the construction sector is raising the demand for recycled metals.
Extensive use of scrap metal has reduced the production costs for the automotive and shipbuilding industries especially in the APAC region.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://industryarc.com/support.php?id=15547
Metal Recycling Market: Competitive Landscape
Some of the key strategic players were listed in the global metal recycling market report. They are Arcelor Mittal S.A, Nucor Corporation, Commerial Metal Company, Novelis Inc, Norton Aluminum Lts, Kuusakosi, European Metal Recycling, DOWA Holdings Co. Ltd., Sims Metal Management, and Tom Martin & Co. Ltd. which are holding major market share of the global metal recycling market.
Themen in dieser Pressemitteilung:
metal-recycling-market
metal-recycling-market-size
metal-recycling-market-trends
metal-recycling-market-value
Unternehmensinformation / Kurzprofil:
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare
Datum: 04.06.2019 - 13:46 Uhr
Sprache: Deutsch
News-ID 593700
Anzahl Zeichen: 4537
contact information:
Contact person: venkat
Town:
Hyderabad
Phone: (+91) 40-485-49062
Kategorie:
Chemical industry
Typ of Press Release: Product
type of sending: don't
Diese Pressemitteilung wurde bisher 290 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Metal Recycling Market: Rampant Construction in APAC Driving Demand"
steht unter der journalistisch-redaktionellen Verantwortung von
IndustryARC (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
