Global Scrap Metal Recycling Market 2018-2022
About Scrap Metal Recycling
Scrap metals refer to metal materials leftover from the manufacturing processes in various industries and unwanted construction material. Recycled scrap metal is a key raw material across various industries such as automotive, construction, and power, and thus is an integral contribution the global economy.
Technavio’s analysts forecast the global scrap metal recycling market to grow at a CAGR of 3.16% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global scrap metal recycling market for 2019-2023. To calculate the market size, the report considers the revenue generated from the use of scrap metal recycling in different scrap type.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Scrap Metal Recycling Market 2018-2022
Technavio recognizes the following companies as the key players in the global scrap metal recycling market: AECOM, Babcock International Group, Bechtel, Holtec International, Orano.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the innovations in purification of scrap metal. The vendors are looking at innovative methods to purify contaminated steel crap obtained primarily from the construction sector.
According to the report, one of the major drivers for this market is the rise in role of metal recycling in key industries. Recycling has witnessed increased importance in key industries such as healthcare and automotive. Vendors are also recycling metal instruments and devices used in hospitals and clinics.
Further, the report states that one of the major factors hindering the growth of this market is the increase in traffics for steel imports. The uncertainly in trade of steel and aluminum among the leading countries will affect the global scrap metal recycling market during our forecast period.
SIMS METAL MANAGEMENT
AMERICAN IRON & METAL
Armco Metals Holdings
Ferrous Processing & Trading
Schnitzer Steel Industries
SUNRISE METAL RECYCLING
Upstate Metal Recycling
WM. MILLER SCRAP IRON & METAL
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