Iron & Steel Scrap Recycling Market Report: Trends, Forecast and Competitive Analysis to 2030

Iron & Steel Scrap Recycling Market Report: Trends, Forecast and Competitive Analysis to 2030

Iron & Steel Scrap Recycling Trends and Forecast

The future of the global iron & steel scrap recycling market looks promising with opportunities in the building & construction, automotive, electrical & electronic, and industrial machinery markets. The global iron & steel scrap recycling market is expected to reach an estimated $620.1 billion by 2030 with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are increased focus on resource efficiency and circular economy, rising awareness among consumers about the environmental benefits of recycled products, and growing investments in the scrap recycling infrastructure.

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

Iron & Steel Scrap Recycling by Segment

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

Iron & Steel Scrap Recycling Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Heavy Melting Steel
• Old Car Bodies
• Cast Iron
• Pressing Steel
• Manganese Steel
• Rails

Iron & Steel Scrap Recycling Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Building & Construction
• Automotive
• Electrical & Electronics
• Industrial Machinery
• Others

Iron & Steel 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 Iron & Steel 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 iron & steel scrap recycling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the iron & steel scrap recycling companies profiled in this report include-

• Schnitzer Steel Products
• PSC Metals
• Alter Scrap Processing
• Commercial Metals
• Hugo Neu
• ArcelorMittal
• Aurubis

Iron & Steel Scrap Recycling Market Insights

Lucintel forecasts that rail is expected to witness the highest growth over the forecast period.

Within this market, building & construction is expected to witness the highest growth due to growing government economic initiatives.

APAC is expected to witness highest growth over the forecast period due to rapid industrializaion and significantly growing construction activities and infrastructural development in the region.

Features of the Global Iron & Steel Scrap Recycling Market

Market Size Estimates: Iron & steel scrap recycling market size estimation in terms of value ($B).

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

Segmentation Analysis: Iron & steel scrap recycling market size by type, application, and region in terms of value ($B).

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

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the iron & steel scrap recycling market.

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

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

FAQ

Q1. What is the iron & steel scrap recycling market size?

Answer: The global iron & steel scrap recycling market is expected to reach an estimated $620.1 billion by 2030.

Q2. What is the growth forecast for iron & steel scrap recycling market?

Answer: The global iron & steel scrap recycling market is expected to grow with a CAGR of 7.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the iron & steel scrap recycling market?

Answer: The major drivers for this market are increased focus on resource efficiency and circular economy, rising awareness among consumers about the environmental benefits of recycled products and growing investments in the scrap recycling infrastructure.

Q4. What are the major segments for iron & steel scrap recycling market?

Answer: The future of the iron & steel scrap recycling market looks promising with opportunities in the building & construction, automotive, electrical & electronic, and industrial machinery markets.

Q5. Who are the key iron & steel scrap recycling market companies?

Answer: Some of the key iron & steel scrap recycling companies are as follows:

• Schnitzer Steel Products
• PSC Metals
• Alter Scrap Processing
• Commercial Metals
• Hugo Neu
• ArcelorMittal
• Aurubis

Q6. Which iron & steel scrap recycling market segment will be the largest in future?

Answer: Lucintel forecasts that rail is expected to witness the highest growth over the forecast period.

Q7. In iron & steel 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 industrializaion and significantly growing construction activities and infrastructural development in the region.

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 iron & steel scrap recycling market by type (heavy melting steel, old car bodies, cast iron, pressing steel, manganese steel, and rails), application (building & construction, automotive, electrical & electronics, industrial machinery, 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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