The utilization of the scrap materials for the building of new metallic products is termed as metal recycling. Metal production expenses decrease drastically if the scrap metal is recycled. This has resulted in the share of scrap metal in the steel production. Additionally, this share is even projected to be half of the total industry. The use of the scrap metal for the steel production has even led to the reduction of pressure on the existing ore mining companies. Moreover, utilization of scrap materials for building new metallic products have even lead to environment friendly results.
Over the past several years, U.K. has easily become one of the most dynamic countries in the world for metal recycling application. The country has huge demand for finished goods which necessitates the production of metals, especially steel. Wherein, 1/4th of this gets scrapped during product manufacturing processes. The UK has always been a leader in materials innovation. The country is a leading market for various end users such as architecture, construction, aerospace, automotive and other sectors downstream of the steel industry. For generations, the UK was a world leader in the metals sector, refining, processing and manufacturing metals and metal products that were exported around the world. However, owing to international change and globalization, U.K.’s global market share is significantly declining and the demand in this country has been increasingly met by imports.
Metals are an excellent fit for recycling as they are well-suited to reuse, remanufacture and endlessly recyclable, amortising the initial energy used in their extraction over many generations of products. Hence, policy makers in U.K. are establishing and incorporating various regulations and policies in favor of metal recycling in this Economy. For instance, metals sector is supposed to strongly support the drafting of a new EU circular economy package, which includes the establishment of sectoral and material-based recycling targets, improved recycling definitions and more.
Metal can be recycled an infinite number of times, saving energy and resources, and does not disappear or degrade. They are elemental and hence some metals such as aluminum and steel are therefore permanently available resources regardless of their many applications. Furthermore, metal has always been valuable as well as recycled. We have long-standing experience in sustainable materials management and continuously increasing resource efficiency. The industry track-record of decoupling market growth from resource use testifies to this.
The U.K. market for metal recycling was estimated to be $xx bn in 2016. The market for the same is estimated to grow at a CAGR of xx% and is forecast to reach $xx bn by 2021. Steel recycling is forecast to have the highest growth of x% during the forecast period 2015-2021. The market is primarily driven by the rapid use of packaged food and adoption of metal packaging in this country as well as the growing income and expenditure capacity of people in developing economies.
U.K. metal recycling market report provides a detailed description on the industry by type, by end user industry in U.K. Based on type of metals used for recycling, the market has been segmented into ferrous and non-ferrous materials. Moreover, the market is also segmented by end user industry into construction, shipbuilding, equipment manufacturing, automotive, consumer appliances, industrial and others. The final category of the market gives a detailed analysis of the metal recycling industry in U.K. The market sizes and dynamics of various products are provided for U.K. and key markets in this region.
What the report offers
Market Definition for U.K. Metal recycling market coupled with documentation of key drivers and constraints for the market.
Identification of aspects instrumental in changing the market scenarios, increasing potential prospects and identification of major companies which can escalate the U.K. Market
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Documentation and analysis of the Macro and Micro factors that affect the U.K. Metal recycling market.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.