Absolute
Markets Insights has
recently added an extensive report to its repository titled Scrap Metal
Recycling Market. The report analyzes data using primary and secondary
research methods. In addition, it also sheds light on various dynamic aspects
of companies such as customer requirements, demand for products or services,
stocks and raw materials. In addition, the data was examined using powerful
analytical techniques such as SWOT analysis and Porter's five analysis. In
turn, it also provides an overview of strengths, weaknesses, threats and
opportunities.
Vendor
Profiling: Scrap Metal Recycling Market: Dowa Holdings Co., Ltd., European Metal Recycling
Limited, OmniSource Corporation (Steel Dynamics, Inc.), Schnitzer Steel
Industries, Inc., Tata Steel, Arcelor Mittal, Aurubis AG, Commercial Metals
Company, Nucor Corporation and SIMS Metal Management Limited
The Scrap
Metal Recycling Market was valued at US$ 2214.1 Mn in 2020 and is expected to
reach US$ 3286.7 Mn by 2030.The metal recycling industry is an
environment-friendly industry that brings both economic and environmental
benefits. Scrap recycling and processing is a highly labor-intensive industry,
which increases the employment hiring factor, resulting in a positive impact on
the social and economic activities in the country.
Browse
complete report and table of contents: https://www.absolutemarketsinsights.com/reports/Scrap-Metal-Recycling-Market-2018-2026-126
Scrap
Metal Recycling Market, By Metal Type
Scrap
metal recycling is a multi-step process, which starts with the collection and
transport of raw scrap, pre-treatment, melting, refining, forming and
finishing. Ferrous scrap contains iron which is magnetic in nature, therefore,
the recycling of iron and steel scrap could be easily done. However,
unorganized metal waste collection from developing countries is one of the
factor hindering the growth of market in developing regions. Moreover, with
stringent government policies and systematic approach towards collection of
metal scrap could likely grow the market.
Scrap
Metal Recycling Market, By End-User
Automotive
industry is anticipated to be the most attractive segment among the end-users
of scrap metal recycling market, owing to huge production of metal scrap in
automotive industry. Efficiency and profitability in scrap recycling operations
is likely to increase with advancements in metal recovery technology.
Automotive companies adopting initiatives such as zero waste or “nil to
landfill” to recycle manufacturing materials, including scrap metal is
attracting a likely growth of the industry.
Global
Scrap Metal Recycling Market:
By Metal
Type
- Ferrous
- Non-Ferrous
By
End-User
- Automotive
- Packaging
- Building & Construction
- Electronics & Electrical
Equipment
- Ship Building
- Industrial Machinery
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Contact
Us:
Company:
Absolute Markets Insights
Email id:
sales@absolutemarketsinsights.com
Phone:
+91-740-024-2424
Contact
Name: Shreyas Tanna
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