Ferrous Scrap Recycling Market Report: Trends, Forecast and Competitive Analysis to 2030

Ferrous Scrap Recycling Market Report: Trends, Forecast and Competitive Analysis to 2030

Ferrous Scrap Recycling Trends and Forecast

The future of the global ferrous scrap recycling market looks promising with opportunities in the construction, automotive, consumer good, and industrial good markets. The global ferrous scrap recycling market is expected to reach an estimated $166 million by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are increasing attempts to lower carbon emissions from steel producers, rising awareness of resource scarcity and environmental impact, along with the stringent environmental regulations promoting sustainable practices.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Ferrous Scrap Recycling by Segment

The study includes a forecast for the global ferrous scrap recycling by type, application, and region.

Ferrous Scrap Recycling Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Heavy Melting Steel
• Old Car Bodies
• Cast Iron
• Pressing Steel
• Others

Ferrous Scrap Recycling Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Construction
• Automotive
• Consumer Goods
• Industrial Goods
• Others

Ferrous Scrap Recycling Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Ferrous Scrap Recycling Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ferrous scrap recycling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ferrous scrap recycling companies profiled in this report include-

• American Iron & Metal
• European Metal Recycling
• Innovative Metal Recycling
• OmniSource
• Sims
• SA Recycling
• Schnitzer Steel Industries
• Rudolf Schuy
• TSR Recycling
• Ward Recycling

Ferrous Scrap Recycling Market Insights

Lucintel forecasts that old car bodies (ocb) will remain the largest segment over the forecast period due to increasing number of end-of-life vehicles, and as the world's car fleet grows, more used car bodies become recyclable, giving the industry a consistent source of ferrous scrap.

APAC is expected to witness highest growth over the forecast period due to rapid industrialization and urbanization in countries, such as China, India, and Southeast Asian nations.

Features of the Global Ferrous Scrap Recycling Market

Market Size Estimates: Ferrous scrap recycling market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Ferrous scrap recycling market size by type, application, and region in terms of value ($M).

Regional Analysis: Ferrous scrap recycling market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the ferrous scrap recycling market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ferrous scrap recycling market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the ferrous scrap recycling market size?

Answer: The global ferrous scrap recycling market is expected to reach an estimated $166 million by 2030.

Q2. What is the growth forecast for ferrous scrap recycling market?

Answer: The global ferrous scrap recycling market is expected to grow with a CAGR of 3.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the ferrous scrap recycling market?

Answer: The major drivers for this market are increasing attempts to lower carbon emissions from steel producers, rising awareness of resource scarcity and environmental impact, along with the stringent environmental regulations promoting sustainable practices.

Q4. What are the major segments for ferrous scrap recycling market?

Answer: The future of the global ferrous scrap recycling market looks promising with opportunities in the construction, automotive, consumer good, and industrial good markets.

Q5. Who are the key ferrous scrap recycling market companies?

Answer: Some of the key ferrous scrap recycling companies are as follows:

• American Iron & Metal
• European Metal Recycling
• Innovative Metal Recycling
• OmniSource
• Sims
• SA Recycling
• Schnitzer Steel Industries
• Rudolf Schuy
• TSR Recycling
• Ward Recycling

Q6. Which ferrous scrap recycling market segment will be the largest in future?

Answer: Lucintel forecasts that old car bodies (ocb) will remain the largest segment over the forecast period due to increasing number of end-of-life vehicles, and as the world's car fleet grows, more used car bodies become recyclable, giving the industry a consistent source of ferrous scrap.

Q7. In ferrous scrap recycling market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization and urbanization in countries, such as China, India, and Southeast Asian nations.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the ferrous scrap recycling market by type (heavy melting steel, old car bodies, cast iron, pressing steel, and others), application (construction, automotive, consumer goods, industrial goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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