Global Market for Recycling Industry in China to Reach Nearly $156 Billion by 2018
Wellesley, Mass., (PRWEB) July 01, 2014
BCC Research (http://www.bccresearch.com) reveals in its new report, RECYCLING MARKETS IN CHINA, the Chinese global market for recycled products was recorded at $102.8 billion in 2013. This is expected to grow to nearly $156 billion in 2018 with a compound annual growth rate (CAGR) of 8.7%.
China’s economy has been experiencing sustainable, rapid development in the past few years. Waste plastic has become an important source of plastic raw materials in China. In the next five years, ferrous metals will be the largest segment of the recycling market in China, and recycled automobiles will be the fastest-growing segment.
In volume terms, China’s recycled tires market grew by 13% in 2013. About 13% of the recycled tires were used to produce retreaded tires, and 87% were used for reclaimed rubber. Growth in the tire recycling segment is forecast to reach a CAGR of 10.8%.
“The market offers many opportunities to international recycling enterprises seeking to expand their business abroad,” says BCC Research analyst, Jason Chen. “High growth rate, insufficient self-supply ratio of various waste/scrap, and the absence of large domestic competitors are indicators of tremendous potential.”
RECYCLING MARKETS IN CHINA provides a comprehensive analysis of the current status of China’s recycling market and assesses its growth potential over the five-year period from 2013 to 2018. The report is divided into five parts. The introduction is followed by the market forecast for China’s recycling industry through 2018. An industry overview in the next section provides definitions and important regulations for China’s recycling industry. The ensuing section covers the major segments of the Chinese industry including an introduction and definitions, market dynamics, market share and company profiles. In the fourth section, a discussion of imports and exports of aluminum scrap, copper scrap, iron and steel scrap, waste paper and waste plastics is presented. The last section provides an analysis of major applications and major patents.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming(at)bccresearch(dot)com.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key competitors. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Our clients include the top companies in industries around the world as well as universities, business schools, start-ups, consulting firms and investment companies. BCC Research is a unit of Eli Research LLC. Visit our website at http://www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern time), or email information(at)bccresearch(dot)com.
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