Global Scrap Metal Recycling Market 2018-2022| Increase in Prices of Raw Materials to Boost Demand| Technavio

Technavio analysts forecast the global scrap metal recycling market to grow at a CAGR of over 3% during the forecast period, according to their latest market research report.

Innovations in the purification of scrap metal is one of the major trends being witnessed in the global scrap metal recycling market 2018-2022. Traditionally, the construction sector used asbestos in their buildings, plants, and housing structures, owing to its strength and thermal insulation properties. However, through the release of asbestos fibers into the atmosphere, it was found to cause serious health hazards to occupants when demolished. Hence, regulatory bodies such as the OSHA monitor the demolition of buildings that contain asbestos. As a result, vendors are looking at innovative methods to purify contaminated steel scrap obtained primarily from the construction sector.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to the growth of the global scrap metal recycling market is the increase in prices of raw materials:

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 

Global scrap metal recycling market: Increase in prices of raw materials

Since 2017, the prices of non-ferrous metals have been volatile while the prices of ferrous metals have been showing a steady upward trend. Countries such as China are regulating the overproduction of steel, leading to a rise in global steel prices. During the period, the prices of raw materials such as iron ore and coal, which are used for manufacturing steel have also increased. The prices of base metals such as aluminum and copper were more volatile primarily owing to Chinas revised environmental regulations regarding the import of metals.

According to a senior analyst at Technavio for research on water and waste management, The key determinants of scrap metal prices are the volume of supply and scrap quality. In countries such as the US, Canada, and China, metals such as steel and aluminum have been imposed with import/export restrictions and tariffs, the base demand-supply correlation is strong for the global scrap metal recycling market primarily due to requirements across key sectors such as healthcare, automotive, and construction. This would continue to drive the growth of the global scrap metal recycling market during the forecast period.

Global scrap metal recycling market: Segmentation analysis

The global scrap metal recycling market research report provides market segmentation by scrap type (ferrous scrap and non-ferrous scrap) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

APAC led the market in 2017 with a market share of over 60%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share by nearly 2%.

Looking for more information on this market? Request a free sample report

Technavios sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 
Close
Stay Updated To Save Money & Time. Join Our Free Newsletter. 
. Indepth Analysis & Opinion       Interviews          . Exclusive Reports 
. Free Digital Magazines        . News & updates        . Event Invitations
& Much More Delivered To Your Inbox For Free. 
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.
 
Close