Industry Analysis & Industry Trends
The Nonferrous Metal Recycling industry's revenue has suffered in the past five years, as consumers and manufacturers have spent less on products recycled by this industry. However, the recovering manufacturing sector will benefit demand for industry products during the five years to 2019 as the industrial production index continues to rise. However, growing competition from overseas recyclers will hamper growth.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Nonferrous Metal Recycling industry is growing as scrap recovery and reprocessing rates continues to improve. Industry value added (IVA), or contribution to the overall economy, is forecast to rise at annualized rate of 7.6% over the 10 years to 2019. In comparison, US GDP is projected to grow at an average annual rate of 2.5% over the same period. This indicates the industry is growing as a share of the overall economy, which is expected to attract new entrants over the next five years.
Nonferrous metal recycling rates have increased strongly over the past couple of decades. Reprocessing scrap offers energy savings and cost benefits over primary production, which requires smelting and refining nonferrous metals from refined ores... purchase to read more