Non-ferrous scrap metals such as aluminum, copper, lead, nickel, tin, and zinc are materials with various uses and maintain their chemical properties through repeated recycling and reprocessing. This trait makes non-ferrous metals infinitely recyclable and vital to preserving sustainability in resource conservation. Non-ferrous metals are used because of desirable properties such as low weight, non-magnetic property, higher conductivity, or resistance to corrosion. These materials are also used in the iron and steel, construction, automotive industries, etc.
MARKET DYNAMICS
The surging demand for non-ferrous scrap in secondary production paired with end-use industries is expected to propel the market growth during the forecast period. Increasing consumer demand has pushed manufacturers to increase their production of vehicles, electronics, and other products. Also, rapid industrialization across the world has led to a growing demand for non-ferrous scrap. Because of this, more emphasis is being given towards its collection and recycling. Besides, raising social awareness towards environment, economy, and energy saving in recycling these metals is a growth driver for the market.
The growth of the market in terms of revenue and volume is facing a declining trend on account of the spread of the COVID-19 pandemic, as of 2020. Amidst the lockdown scenario, the demand for non-ferrous scrap has declined drastically. Although recycling has been considered an essential service in several countries, the demand for non-ferrous scrap has reduced due to low manufacturing activities, restricted transportation, and social distancing protocols.
MARKET SCOPE
The "Global Non-Ferrous Scrap Recycling Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the non-ferrous scrap recycling market with detailed market segmentation by scrap type and application. The global non-ferrous scrap recycling market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading non-ferrous scrap recycling market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global non-ferrous scrap recycling market is segmented into scrap type and application. By scrap type, the non-ferrous scrap recycling market is classified into aluminum, copper, lead, and others. By application, the non-ferrous scrap recycling market is classified into construction, automotive, consumer goods, and industrial goods.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global non-ferrous scrap recycling market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The non-ferrous scrap recycling market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the non-ferrous scrap recycling market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the non-ferrous scrap recycling market in these regions.
MARKET PLAYERS
The reports cover vital developments in the non-ferrous scrap recycling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the non-ferrous scrap recycling market are anticipated to lucrative growth opportunities in the future with the rising demand for non-ferrous scrap recycling in the global market. Below mentioned is the list of few companies engaged in the non-ferrous scrap recycling market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the non-ferrous scrap recycling market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
Sims Metal Management Ltd
OmniSource, LLC
REMONDIS SE & Co. KG
Aurubis AG
Kuusakoski
Hindalco Industries Limited
Matalco Inc
SA Recycling LLC
Haibao Machinery Technology Co., Ltd.
Wiscon Environmental Technology Inc.
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