India Industrial Scrap Market

10 2020

India Industrial Scrap Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2026

  • Published : October, 2020

  • Rep Id : IN00612

  • No. of Pages : 100

  • Country : India

  • Status : Published


The country research report on India industrial scrap market is a customer intelligence and competitive study of the Indian market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Indian market. Also, factors that are driving and restraining the industrial scrap market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and detailed analysis of market segments to possible micro levels. Moreover, the report also provides details on the industrial scrap business models in the report. The report also provides the profiles of the top five Indian and five Saudi Arabian players operating in the Indian and Saudi Arabian market, delivers insights into the recent developments by leading players that have contributed to the growth of the market, and also estimates the impact of recent developments the market.

 

Report Description:

Industrial scrap and recycling are a global business, with the movement of scrap driven by the demands and needs of industrial consumers worldwide. Each year steel mills, foundries, wire, and brass mills, and others consume more than 800 million metric tons of scrap into new consumer and industrial products. The US and China are the leading players within the global scrap marketplace. The U.S. is the largest supplier of industrial scrap in the world, and China is the largest consumer of industrial scrap. However, developing countries such as India is yet to emerge as an industrial scrap and scrap recycling country. Moreover, private and public sectors are increasing their investments in scrap recycling in India which will greatly be beneficial for the growth of the industrial scrap industry in the country. In addition, growing government initiatives to build organized flow in the scrap industry will also prove beneficial for the Indian industrial scrap industry in the long run.

 

As of August 2020, India reported nearly 4.3 million confirmed cases, ranking second in the number of confirmed cases, overtaking Brazil. The short-term impact of COVID 19 is expected to cause a decline in the annual growth rate of the Indian industrial scrap market. The prices of scrap have declined rapidly due to COVID19 and the spot trade of scrap in India reduced sharply. Moreover, several scrap yards had been closed considering the safety of laborers. The production volume of different types of scrap has been declined. The demand for ferrous scrap has failed dramatically, which in turn affects the international scrap market. Furthermore, the ports across the country are shut down in compliance with government lockdown orders. The Government of Indian had imposed a nationwide lockdown for almost three months, halting the trade and other operations in the scrap industry. Nevertheless, the Government of India has offered a helping hand to support the industry. The government has announced stimulus packages for the industry, which in turn, is expected to boost the growth of the market.


The Indian industrial scrap industry is growing on the backdrop of increasing investments in infrastructure. The Indian government is planning huge investments in infrastructure. The Government of India is planning to invest heavily in the infrastructure sector, mainly highways, renewable energy, and urban transport. Further, as recycled raw materials help to lower production costs for the industries, lower energy usage, and reduce the emission of greenhouse gases, the industrial scrap industry is witnessing immense growth. China has been trying to lower its scrap imports as part of a campaign against foreign solid waste, which compels the overseas scrap exporters scrambling to find other markets. These increasing regulations on waste recycling and management in China are anticipated to boost the growth of the Indian industrial scrap market in the short term and long term. However, the unorganized flow of waste metals and fewer scrap collection zones in India is acting as a major challenge for the growth of the Indian industrial scrap market. Moreover, the anticipated future growth in the industrial scrap market in India is due to an increasing number of government regulations on waste recycling and management. The scrap and recycling industry is actively promoted by the government as Carbon footprint reduction is a key priority, which will create new opportunities for the Indian industrial scrap market.

 

Segments Covered 

The report on India industrial scrap market provides a detailed analysis of segments in the market based on scrap metal recycling, e-waste management and plastic recycling.

 

Segmentation Based on Scrap Metal Recycling

•             Type

•             Steel

•             Aluminium

·         Aluminium Drink Cans

·         Aluminium Aerosol Cans

·         Aluminium Pie Trays

·         Aluminum Foil

·         Cable

•             Copper

·         Cables and Wires

·         Electric Hardware

·         Others

•             Others

•             Application

•             Building & Construction

•             Automotive

•             Equipment Manufacturing

•             Shipbuilding

•             Packaging

•             Consumer Appliances

•             Others

 

Segmentation Based on E-waste Management

•             Material Type

•             Metal

•             Plastic

•             Glass

•             Others

•             Application

•             Recycle

•             Disposal

•             Source

•             Consumer Electronics

•             Industrial Electronics

•             Household Appliance

 

Segmentation Based on Plastic Recycling

•             Material Type

•             Polyethylene (PE)

•             Polyethylene

•             Terephthalate (PET)

•             Polypropylene (PP)

•             Polyvinyl Chloride (PVC)

•             Polystyrene

•             Others

•             Application

•             Automotive

•             Textiles

•             Packaging

•             Construction

•             Electrical & Electronics

•             Others

 

Highlights of the Report

The report provides detailed insights into:

 1) Demand and supply conditions of the industrial scrap market

 2) Factor affecting the industrial scrap market in the short run and the long run

 3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors

 4) Key trends and future prospects

 5) Leading companies operating in the industrial scrap market and their competitive position in India

 6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (India) industrial scrap market

 7) IGR Matrix: to position the product types

 8) Market estimates up to 2030

 9) Market size comparison of global industrial scrap market and India industrial scrap

 The report answers questions such as:

 1) What is the market size of the industrial scrap market in India?

 2) What are the factors that affect the growth in the industrial scrap market over the forecast period?

 3) What is the competitive position in the Indian industrial scrap market?

 4) What are the opportunities in the Indian industrial scrap market?

 5) What are the modes of entering the Indian industrial scrap market?


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