Global Metal Recycling Market was valued at $304,633 million in 2014, and is expected to reach $446,472 million by 2022, supported by a CAGR of 4.5%. Metal recycling refers to reprocessing of metal waste into valuable to reduce greenhouse gas emission levels, preserve natural resources, and manage energy consumption.
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The governments in developed regions such as Canada, USA, U.K. and others have taken measures to promote metal recycling industry through better waste collection system, separation and sorting processes.
For instance, the Government of Canada has been working with the provinces, territories and industries to promote the re-use and recycling of metal products. This would enhance not only the Canadian’s recycling industry but also its metal industry.
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Asia-Pacific, and LAMEA. Asia-Pacific contributed the highest revenue in 2014 and is expected to dominate the market during the forecast period.
Some of the key players that operate in this market are ArcelorMittal, Nucor Corporation, Commercial Metals Company, SIMS Metal Management Limited, Aurubis AG, European Metal Recycling Limited, Tata Steel, Dowa Holdings Co., Ltd., Schnitzer Steel Industries, Inc. and OmniSource Corporation.
Other players mentioned in the market include Tube City Inc., Ferrous Processing & Trading Co. (FTP), PSC Metals, AMG Resources Corp., Alter Scrap Processing, Joseph Behr & Sons Inc., Mervis Industries, Galamba Metals Group LLC, TSR Recycling GmbH & Co. KG and Kuusakoski Oy.
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