Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 94

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 94
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 industries to increase the use of recycled metal scrap in their production processes. The rapid pace of urbanization and infrastructure development has also led to increased demand for steel and aluminum. Government policies and recycling initiatives have provided a strong foundation for the growth of the metal scrap market. 64 Looking ahead, the domestic metal scrap purchase volume in Asia, excluding Japan, is projected to rise to around 437,770.1 thousand metric tons in 2029, driven by ongoing industrial development and advancements in technology. Source: Worldsteel Association, The Frost & Sullivan Report Market Outlook of Metal Recycling in Asia Industrial growth in Asia significantly drives the metal recycling market by increasing demand for metals in manufacturing, construction, automotive, and electronics sectors, particularly in countries like China and India. Rapid urbanization and infrastructure projects consume large quantities of steel, aluminum, and copper, with recycled metals offering a cost -effectiveand sustainable alternative to virgin materials. The expansion of industrial activities generates more metal scrap, bolstering the recycling supply chain, while environmental regulations and technological advancements in recycling processes further support market growth. Going forward, industrial growth ensures a robust demand for recycled metals to meet economic and environmental goals in Asia. Growing environmental awareness among Asian consumers, particularly younger generations, is driving demand for recycled products and pushing companies to adopt sustainable practices. Urbanization and visible pollution issues in countries like China and India, coupled with cultural shifts in Japan and South Korea toward minimalism and circularity, have led to increased purchases of eco -friendlygoods like biodegradable packaging and recycled textiles. In response, companies are investing in innovative materials and aligning with Environmental, Social, Governance (“ESG”) goals, to meet consumer expectations and regulatory pressures, fostering a regional shift toward a circular economy, therefore supporting the growth of metal recycling in Asia. Market Size of Paper Recycling in Asia Total consumption of paper in Asia, excluding Japan, has shown steady growth, rising from 109.6 million tons in 2019 to 124.8 million tons in 2024, at a CAGR of 2.6%. This rise is indicative of structural shifts in regional manufacturing and policy -drivensupply chain realignments. Since 2017, China has implemented stringent import restrictions on solid waste, starting with a ban on 24 types of waste, including plastics, unsorted paper, and textiles, under Operation National Sword. Effective from January 2018, these policies, driven by environmental and health concerns, drastically reduced foreign waste inflows. Tighter contamination limits (e.g.,