Ferrous Metals Recycling Market size is estimated to be USD 250 Billion in 2024 and is expected to reach USD 400 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
The global ferrous metals recycling market was valued at approximately USD 138.3 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2022 to 2030. This growth is primarily driven by the increasing emphasis on sustainable practices and environmental regulations, prompting industries and governments to adopt recycling initiatives extensively. In 2021, the construction sector dominated the market, accounting for over 46.0% of the global revenue share, due to the substantial volumes of scrap generated during building demolitions. Regionally, Asia Pacific held a significant revenue share in the global metal recycling market, with China leading due to its robust metal production capabilities and established recycling industry. In 2021, North America was the second largest regional segment, holding a share of over 30.0%, driven by government efforts to create a circular economy and achieve net zero greenhouse gas emissions by 2050. Europe also accounted for a substantial revenue share in the global market, with a growing emphasis on a circular economy and stringent government regulations promoting recycling practices.
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Sims Metal Management
OmniSource
TSR Recycling
Aurubis
Kuusakoski
Hindalco
Matalco
SA Recycling
American Iron & Metal Co (AIM)
Hugo Neu Corp
Ferrous Processing & Trading Co. (FTP)
Schnitzer Steel Products Co
PSC Metals
David J. Joseph Co. (DJJ)
AMG Resources Corp
Commercial Metals Co. (CMC)
Miller Compressing Co
Galamba Metals Group LLC
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Ferrous Metals Recycling Market
Steel
Cast Iron
Alloys
Industrial Scrap
Post-Consumer Scrap
Construction and Demolition Scrap
Physical Processing
Chemical Processing
Pyrometallurgical Processing
Automotive Industry
Construction Industry
Manufacturing Industry
Shipbuilding
Sheets and Plates
Bars and Rods
Shredded Scrap
Ingots
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Ferrous Metals Recycling Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Ferrous Metals Recycling Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Ferrous Metals Recycling Market, By Type
6. Global Ferrous Metals Recycling Market, By Application
7. Global Ferrous Metals Recycling Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Ferrous Metals Recycling Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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