Global Metal Recycling Industry

Global Metal Recycling Industry

  • April 2021 •
  • 284 pages •
  • Report ID: 5799096 •
  • Format: PDF
Abstract:
- Global Metal Recycling Market to Reach $579.3 Billion by 2027
- Amid the COVID-19 crisis, the global market for Metal Recycling estimated at US$365.3 Billion in the year 2020, is projected to reach a revised size of US$579.3 Billion by 2027, growing at aCAGR of 6.8% over the period 2020-2027. Ferrous, one of the segments analyzed in the report, is projected to record 7.7% CAGR and reach US$403.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Ferrous segment is readjusted to a revised 5% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $98.7 Billion, While China is Forecast to Grow at 10.3% CAGR
- The Metal Recycling market in the U.S. is estimated at US$98.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$128 Billion by the year 2027 trailing a CAGR of 10.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

- Select Competitors (Total 38 Featured) -
  • ArcelorMittal SA
  • Aurubis AG
  • Baosteel Group Corporation
  • Commercial Metals Company (CMC)
  • Dowa Holdings Co., Ltd.
  • European Metal Recycling Ltd.
  • Nucor Corporation
  • Remondis AG & Co. KG
  • Sims Metal Management Ltd.
  • Tata Steel Ltd.