Reports forecast exponential growth to global scrap metal market in the near-term

By Paul Ploumis (ScrapMonster Author)

July 05, 2016 07:53:27 AM

SPOKANE (Scrap Monster): The recent report published by MarketsandMarkets.com forecasts CAGR growth of 7.95% to the global metal recycling market over the five-year period leading to 2020. Another report launched by MarketBiz.com also forecasts immense growth opportunities to the global scrap metal industry.

According to the report by MarketsandMarkets.com, the usage of recycled metal in the building and construction sector is expected to increase tremendously. The report predicts rapid growth in these sectors during the next five years, aided by boost in infrastructure development and construction related activities. The other key sectors which are likely to contribute to the growth of scrap metal market include metal fabrication, electronics, medical & health care equipment, automotive, and packaging. The global metal recycling market is expected to grow from $277.12 billion in 2015 to $406.16 billion by 2020. Ferrous metal recycling is expected to gain maximum traction during the forecast period.

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.

The report published by Market.Biz provides in-depth assessment of the global scrap metal market. It focuses on the various growth opportunities that will help expand the scrap metal market. The report assesses new product and service positioning strategies in the market. Furthermore, it analyzes the impacts of new and evolving technologies on market growth. It also presents various industry development policies.

The report offers detailed profiles of leading industry players including Sims Metal Management, United Scrap Metal (USM), Peel Scrap Metal Recycling Ltd, SA Recycling, Far West Recycling, Metro Metals Recycling, EMR and many more. The company profile covers business overview, marketing strategies, strategic alliances and acquisitions. The report provides relevant market insights, expectations and key developments to help scrap metal market firms to arrive at informed decisions. The report also provides detailed segment-wise assessment of the market.