Key Points Covered in the Non-ferrous Scrap Market Study

Non-ferrous Scrap Market: Introduction

  • Scrap is a recyclable material produced during manufacturing of automobiles, durable consumer products, building supplies, etc. Non-ferrous scrap is materials that do not have iron content in them. Some prominent non-ferrous scrap materials are aluminum, copper, lead, zinc, etc. According to Bureau of International Recycling (BIR), about 40% of the global demand for copper is supplied from recycled copper materials. Similarly, about 30% of global zinc production is obtained from recycled zinc. The non-ferrous scrap market is estimated to expand significantly during the forecast period.

Key Drivers and Opportunities of the Global Non Ferrous Scrap Market

  • Metals, both non-ferrous and ferrous, are used in everyday life across the globe. Conservation of mineral resources has gained importance with increase in population. Non-ferrous metals are recyclable, and the manufacturing industry is using scrap as a raw material to cater to the needs of society. Generally, the cost of refining a new non-ferrous metal is more than the cost of production from non-ferrous scrap. For instance, as per U.S. Aluminum Association, 90% less electricity is required to produce aluminum from scrap than from bauxite (aluminum ore). Thus, the market for non-ferrous scrap is expected to expand significantly during the forecast period.

Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=82341

  • Rise in demand for non-ferrous materials is increasing the demand for non-ferrous scrap globally. According to Bureau of International Recycling (BIR), global usage of copper scrap was 5.9 million tons in 2000, which increased by 40% to reach 8.3 million tons in 2015. Over the same period, the London Metal Exchange (LME) price of copper increased from US$ 1,814 to US$ 5,502 per ton, which increased the market size of copper recycling from US$ 10.7 billion to US$ 46.0 billion. This is estimated to propel the non-ferrous scrap market considerably during the forecast period.
  • Rapid industrialization all around the world, specifically in developing countries, is expected to fuel the demand for non-ferrous scrap. Furthermore, these industries too emphasize on the collection and recycling of these non-ferrous scrap in order to carry out the respective production activities.

Asia Pacific to Hold Major Share of Global Non Ferrous Scrap Market

  • In terms of region, the global non-ferrous scrap market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • The non-ferrous scrap market in Asia Pacific is estimated to expand during the forecast period. The region is a prominent consumer of non-ferrous scrap material. Developing countries of Asia Pacific generate significant amount of non-ferrous scrap, which is expected to drive the non-ferrous scrap market during the forecast period.

Key Players Operating in Global Non Ferrous Scrap Market

  • Affinia METALS GmbH
  • Akjay International LLC.
  • Alter Trading Corporation
  • Alutrade Ltd.
  • European Metal Recycling Limited
  • Kuusakoski Group Oy
  • OmniSource Corp.
  • Schnitzer Steel Industries, Inc.
  • Sims Metal Management Inc.
  • TSR Recycling GmbH & Co. KG

Global Non Ferrous Scrap Market: Research Scope

Global Non Ferrous Scrap Market, by Scrap Type

  • Aluminum
  • Copper
  • Lead
  • Zinc
  • Brass
  • Stainless Steel
  • Others (Electronic Scrap, etc.)

Global Non Ferrous Scrap Market, by End-use

  • Foundries
  • Manufacturing Plants
  • Engineering Units
  • Others (Recyclers, Traders, Scrap Processors, etc.)

Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=82341&ltype=S

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer¬†Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable¬†Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

About Us

TMR has a track record to provide ace market research solutions that has earned us the trust of our clients for their business intelligence needs. Serving 13 industry verticals with a database of over 1,000 reports and 1 million + data points, our expanse to provide market research solutions is exceptional. We deep dive for a thorough understanding of the subject, gather precise information, and then analyze it to present solutions that are par excellence.

Contact:

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
Email:¬†[email protected]
Website: https://www.transparencymarketresearch.com