The global scrap metal recycling market to grow at a CAGR of 3.16% during the period 2018-2022.
Global Scrap Metal Recycling Market 2018-2022, 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. 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.
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.
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.
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.
Key questions answered in this report
What will the market size be in 2022 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?
Increase in prices of raw materials
Increase in tariffs for steel imports
Concentration of the steel industry
American Iron & Metal
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market segmentation analysis
PART 05: MARKET SIZING
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 07: MARKET SEGMENTATION BY SCRAP TYPE
Segmentation by scrap type
Comparison by scrap type
Ferrous scrap - Market size and forecast 2017-2022
Non-ferrous scrap - Market size and forecast 2017-2022