- The key vendors in the Scrap Recycling Industry in US 2014-2018 are Republic Services Inc., Schnitzer Steel industries Inc., Sims Recycling Ltd. and Waste Management Inc.
London, 18 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Scrap Recycling Industry in US 2014-2018. Increased focus of various countries including the US on producing clean energy using different methods to reduce carbon footprint, conserve natural resources, and reduce GHG emissions is a growing trend in this market. The Scrap Recycling industry in the US is expected to grow at a CAGR of 3.41 percent during the period 2013-2018.
The Scrap Recycling industry in the US plays an important role as a major export industry that provides employment opportunities and is an economic growth engine. It is dedicated to transform industrial scrap into new commodity materials. It helps in reducing GHG effects and saves energy, which has a positive impact on the environment. It is the most important player in environmental protection and resource conservation. The increase in global steel production during the forecast period is a major growth driver for the Scrap Recycling industry in the US.
“There are various standards in the US such as CES and standards from the EPA that focus on creating clean energy to reduce carbon footprint and pollution, thereby positively impacting the industry,” says Faisal Ghaus, Vice President of TechNavio Research.
“The growing focus of various countries including the US on producing clean energy using different methods to reduce carbon footprint, conserve natural resources, and reduce GHG emissions is a growing trend in the market.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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