A new international research report paints a positive outlook for the global metal recycling market, particularly in our region of the Asia Pacific.
The MarketsandMarkets Metal Recycling Market report predicts that the global metal recycling market will grow from US$277.12 Billion in 2015 to US$406.16 Billion by 2020, at an estimated Compound Average Growth Rate of 7.95%.
The increasing income and spending capacity of people in developing economies and increasing demand in various end-use sectors such as building & construction, metal fabrication, electronics, medical & health care equipment, automotive, and packaging are the major factors driving the growth of the metal recycling market, the report says.
It forecasts that ferrous metal recycling in particular will gain maximum traction during the forecast period to 2020 due to its key role in the international steel making industry.
The Asia Pacific region is also tipped to play an increasingly important role in the global metal recycling market.
“Factors such as the increasing urbanised population in China and India along with the growth in disposable income, and the spreading awareness regarding the importance of waste management and resource efficiency in these countries are driving the growth of the Asia Pacific metal recycling market,” the report says.
Raw Metal Corp, headquartered in Brisbane, Australia and exporting recycled metals right throughout the Asia Pacific region, is strategically positioned to capitalise on these global trends.
Raw Metal Corp buys and collects domestic and commercial scrap metals including ferrous metals (such as construction materials, heavy and light steel, white goods, roofing iron and motor vehicles) and non-ferrous metals (such as aluminum, copper, electric motors, radiators and batteries). It then recycles the scrap at its Wacol headquarters and exports the compacted materials direct in shipping containers to overseas customers.
Raw Metal Corp’s ability to export direct to its international customers, supported by its world-class systems and technologies, keeps it very competitive on the purchasing of recycled metals in Australia.
For more information, contact Raw Metal Corp on 1300 RAW METAL or 1300 729 638 or visit us at 1156 Boundary Road, Wacol Qld 4076. www.rawmetalcorp.com.au