Global metal recycling market to hit $400 billion by 2020

Published: Apr 28, 2016 10:04

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According to a recent report made available by Reportbuyer.com, the global metal recycling market is expected to grow at a CAGR of 7.95% over the next five years.

By Paul Ploumis (ScrapMonster Author)

April 27, 2016 07:52:24 AM

SEATTLE (Scrap Monster): According to a recent report made available by Reportbuyer.com, the global metal recycling market is expected to grow at a CAGR of 7.95% over the five year period ending 2020. The market size is expected to grow from $277.12 billion in 2015 to $406.16 billion by 2020.

The report forecasts increased use of recycled metal in the building and construction sector. The building and construction segment is expected to grow at fastest pace during the next five years. Rapid growth in infrastructure development and construction related activities are likely to boost the demand for metal recycling.

The report provides a comprehensive segmentation of the metal recycling market and a detailed overview about the overall market and various sub segments across different verticals and regions. It provides key information on market drivers, restraints, challenges, and opportunities. It helps stakeholders to better understand their competitors and gain more insights about their position in the business. The key metal recycling companies profiled in the report includes ArcelorMittal, Nucor Corporation, Commercial Metals Company, Sims Metal Management Ltd. and Auribis among many others.

The report is based on interviews conducted with various industry experts including metal recyclers, scrap metal dealers, and distributors, aimed at collecting data related to various aspects of metal recycling market. Estimates from secondary sources were later validated with the data collected from primary sources.

Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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