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Global Scrap Metal Recycling Market 2017-2021

Global Scrap Metal Recycling Market 2017-2021

About Scrap Metal Recycling

Recycling of material has been widely prevalent across the globe for some time now. This trend came into existence to curb unnecessary generation of waste and for effective waste management. The scrap materials mainly include ferrous and non-ferrous scrap metal as well as materials such as rubber, glass, plastic, wood, electronics, textiles, and other materials.

Technavio’s analysts forecast the global scrap metal recycling market to grow at a CAGR of 3.11% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global scrap metal recycling market for 2017-2021. To calculate the market size, the report considers the revenue generated from scrap metal recycling.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Scrap Metal Recycling Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ArcelorMittal
  • Nucor
  • OmniSource
  • SIMS METAL MANAGEMENT
Other prominent vendors
  • AMERICAN IRON & METAL
  • Armco Metals Holdings
  • Aurubis
  • Commercial Metals
  • Ferrous Processing & Trading
  • Kuusakoski
  • PSC Metals
  • Schnitzer Steel Industries
  • SUNRISE METAL RECYCLING
  • TMS International
  • Upstate Metal Recycling
  • WM. MILLER SCRAP IRON & METAL
Market driver
  • Growing demand for commodities in developing countries
  • For a full, detailed list, view our report
Market challenge
  • Economic slowdown in China
  • For a full, detailed list, view our report
Market trend
  • Increasing scrap metal recycling amid stringent mining environmental regulations
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Scrap Metal Recycling Market 2017-2021

Technavio recognizes the following companies as the key players in the global scrap metal recycling market: ArcelorMittal, Nucor, OmniSource, and SIMS METAL MANAGEMENT

Other Prominent Vendors in the market are: AMERICAN IRON & METAL, Armco Metals Holdings, Aurubis, Commercial Metals, Ferrous Processing & Trading, Kuusakoski, PSC Metals, Schnitzer Steel Industries, SUNRISE METAL RECYCLING, TMS International, Upstate Metal Recycling, and WM. MILLER SCRAP IRON & METAL

Commenting on the report, an analyst from Technavio’s team said: “Developing countries in Latin America such as Brazil, Mexico, Argentina, and Venezuela are expected to grow at a faster rate than the North American countries due to the favorable conditions that currently exist in Mexico, Brazil, and Canada for attracting capital investment projects. The shift in the manufacturing base may lead to higher consumption of scrap metal as serval countries in the region use the EAF process to produce steel, wherein scrap is the main input in steel production.”

According to the report, globally, there has been a continuous increase in the demand for automobiles and consumer electronics, which is largely driven by the rising level of consumer spending. The overall demand for goods leads to steady economic growth and is accompanied by an increase in ancillary industries, thus showing good overall growth. Economic growth, in turn, has an impact on the confidence of the consumers, as positive economic conditions leads to the purchase of more goods, thus increasing industrial activities. From the below illustration, we can see that the average GDP has been considerably higher in Asia than other regions, with almost 1.5 times the growth of the Americas and European region combined, resulting in higher industrial activities in the region.

Further, the report states that globally, there has been a continuous increase in the demand for automobiles and consumer electronics, which is largely driven by the rising level of consumer spending. The overall demand for goods leads to steady economic growth and is accompanied by an increase in ancillary industries, thus showing good overall growth. Economic growth, in turn, has an impact on the confidence of the consumers, as positive economic conditions leads to the purchase of more goods, thus increasing industrial activities. From the below illustration, we can see that the average GDP has been considerably higher in Asia than other regions, with almost 1.5 times the growth of the Americas and European region combined, resulting in higher industrial activities in the region.

Companies Mentioned

ArcelorMittal, Nucor, OmniSource, SIMS METAL MANAGEMENT, AMERICAN IRON & METAL, Armco Metals Holdings, Aurubis, Commercial Metals, Ferrous Processing & Trading, Kuusakoski, PSC Metals, Schnitzer Steel Industries, SUNRISE METAL RECYCLING, TMS International, Upstate Metal Recycling, and WM. MILLER SCRAP IRON & METAL

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global scrap metal recycling market overview
    • Market size and forecast
      • Table Global scrap metal recycling market 2016-2021 (MMT)
      • Table Share of EAF in steel production by region, 2016
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by scrap type
    • Global scrap metal recycling market by scrap type
      • Table Global scrap metal recycling market by scrap type 2016 and 2021 (%)
      • Table Global scrap metal recycling market by scrap type 2016-2021 (MMT)
    • Global ferrous scrap metal recycling market
      • Table Global ferrous scrap metal recycling market 2016-2021 (MMT)
    • Global non-ferrous scrap metal recycling market
      • Table Global non-ferrous scrap metal recycling market 2016-2021 (MMT)
  • Geographical segmentation
    • Global scrap metal recycling market by geography
      • Table Global scrap metal recycling market by geography 2016 and 2021 (%)
      • Table Global scrap metal recycling market by geography 2016-2021 (MMT)
    • Scrap metal recycling market in APAC
      • Table Scrap metal recycling market in APAC 2016-2021 (MMT)
    • Scrap metal recycling market in EMEA
      • Table Scrap metal recycling market in EMEA 2016-2021 (MMT)
    • Scrap metal recycling in Americas
      • Table Scrap metal recycling market in Americas 2016-2021 (MMT)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Average annual GDP growth 1990-2015 (%)
      • Table Estimated jobs created per 1,000 tons of material management
      • Table Employment opportunities created by recycling sector in the US 2016
      • Table Avoided GHG emissions and energy savings due to recycling
      • Table Light vehicle material mix (%)
      • Table Global EV sales outlook 2011-2020 (million units)
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table No.1 Heavy melt scrap price per ton 2014-2016 (%)
      • Table Excess steel production capacity 2000-2014 (MMT)
      • Table Active scrap shredders in US 2000-2016
      • Table Top five manufacturing value-added countries (1993-2013)
      • Table Share of China in lobal steel produced 2014 and 2015 (%)
      • Table Steel mills postponed, closed, or canceled in different regions 2014-2015
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Shift in manufacturing bases
      • Table Change in Labor wages in Asia 2000 and 2014
      • Table Global Steel manufacturing processes followed by different regions 2016
    • Increasing scrap metal recycling amid stringent mining environmental regulations
    • Replacement of old ships
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors (indicative list)
      • Table Other prominent vendors
  • Key vendor analysis
    • ArcelorMittal
    • Nucor
      • Table Nucor: Scrap usage by product groups
    • OmniSource
      • Table OmniSource: Product segmentation
      • Table OmniSource : Steel mill scrap products
      • Table OmniSource: Iron foundry scrap products
    • SIMS METAL MANAGEMENT
      • Table SIMS METAL MANAGEMENT: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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