Japan Iron and Steel Scrap Recycling Market was valued at USD 15 Billion in 2022 and is projected to reach USD 22 Billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030.
The Global Iron And Steel Scrap Recycling Market Is Experiencing Significant Growth, Driven By The Increasing Demand For Sustainable Practices And The Need For Cost-Effective Materials In Industries Such As Construction, Automotive, And Manufacturing. As The World Faces The Challenges Of Resource Depletion And Environmental Concerns, Recycling Scrap Metal Has Become A Crucial Part Of The Global Economy.
In 2023, The Market Size Reached Approximately $100 Billion, With Expectations To Continue Expanding At A Cagr Of 6.5% Through 2030. This Growth Is Primarily Fueled By The Rising Consumption Of Steel In Emerging Economies, As Well As The Increasing Emphasis On Reducing Carbon Footprints. Recycling Scrap Metal Not Only Conserves Natural Resources But Also Reduces Energy Consumption By Up To 75% Compared To Primary Steel Production.
Iron And Steel Scrap Recycling Offers Various Environmental Benefits, Including The Reduction Of Greenhouse Gas Emissions. The Process Involves Melting Down Scrap Metal, Removing Impurities, And Then Reforming It Into Usable Materials. The Use Of Electric Arc Furnaces (Eaf) In The Recycling Process Has Revolutionized The Industry By Making It More Energy-Efficient And Reducing Harmful Emissions Compared To Traditional Methods Like Blast Furnaces.
One Of The Significant Drivers Of The Market Is The Shift Toward A Circular Economy, Where Waste Materials Are Reused, Refurbished, And Recycled Into New Products. This Is Aligned With Global Sustainability Goals, Encouraging Both Manufacturers And Consumers To Opt For Recycled Materials. Furthermore, The Fluctuating Prices Of Raw Materials And Energy Have Made Recycled Scrap Metal More Competitive, Driving Manufacturers To Increasingly Turn To Recycled Products For Production Needs.
The North American And European Regions Are The Largest Contributors To The Market, Owing To Well-Established Recycling Infrastructure And Strict Environmental Regulations. However, Emerging Markets In Asia-Pacific, Particularly India And China, Are Witnessing Substantial Growth Due To Urbanization And Industrial Expansion.
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Iron And Steel Scrap Recycling Market
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Get an In-Depth Research Analysis of the Global Iron and Steel Scrap Recycling Market Size And Forecast [2025-2032]
OmniSource Corp.
Metal Management Inc
Tube City
Hugo Neu Corp.
Ferrous Processing & Trading Co. (FTP)
Schnitzer Steel Products
PSC Metals
David J. Joseph Co. (DJJ)
AMG Resources Corp.
Commercial Metals Co. (CMC)
Simsmetal America
Alter Scrap Processing
Joseph Behr & Sons Inc
Camden Iron & Metal Inc
Mervis Industries
Galamba Metals Group
American Iron & Metal
American Iron & Metal Co
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Iron and Steel Scrap Recycling Market
Building & Construction
Automotive
Electrical & Electronics
Industrial Machinery
Others
Based on Types the Market is categorized into Below types that held the largest Iron and Steel Scrap Recycling market share In 2023.
Heavy Melting Steel
Old Car Bodies
Cast Iron
Pressing Steel
Manganese Steel
Rails
Global (United States, Global 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 Iron and Steel Scrap 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 Iron and Steel Scrap Recycling Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Iron and Steel Scrap Recycling Market, By Type
6. Global Iron and Steel Scrap Recycling Market, By Application
7. Global Iron and Steel Scrap Recycling Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Iron and Steel Scrap Recycling Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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