Metal recycling market size to grow at a CAGR of 7.95% until 2020

By Paul Ploumis (ScrapMonster Author)

December 09, 2015 07:51:37 AM

SEATTLE (Scrap Monster): According to the latest research report published by RnRMarketReasearch.com, the global metal recycling market size is expected to grow at a CAGR of 7.95% from 2015 to $406.16 billion by 2020. The 214-page report cites concerns about depletion of natural resources, rapid industrialization and escalating urban population will be the major drivers of metal recycling market during this period.

The building and construction sector is projected to witness tremendous growth during the period from 2015 to 2020. The increased use of recycled metal in building and construction industry will act as the major driver for the demand growth and market size expansion. The demand for recycled metals is projected to rise sharply on account of massive infrastructure development projects and construction-related activities.

The report features key metal recycling companies including ArcelorMittal (Luxembourg), Nucor Corporation (U.S.), Commercial Metals Company (U.S.), Sims Metal Management Limited (U.S.), Aurubis AG (Germany) Linde Ag (Germany), European Metal Recycling Limited (U.K.), Dowa Holdings Co., Ltd. (Japan), Tata Steel Limited (India), Baosteel Group Corporation (China) and Redmond’s SE & Co. KG (Germany).

The report is intended to help stakeholders to better understand their competitors and gain more insights about their position in the business.