Market Overview:
The global ferrous scrap processing market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. Ferrous scrap processing is a process of recycling ferrous metals from various scraps or waste materials. The growing demand for ferrous metals from various end-use industries such as construction, automotive, and tool manufacturing are expected to drive the growth of the global ferrous scrap processing market over the forecast period. Based on type, mild steel accounted for the majority share in terms of revenue in 2017 and is anticipated to maintain its dominance throughout the forecast period. Carbon steel is projected to be one of fastest-growing segments due to its increasing demand from automotive industry across different regions. Stainless steel segment is also expected witness significant growth during 2018-2030 owing rising application scope in food & beverage industry across different regions. Cast iron segment held second largest share in terms of revenue generated followed by wrought iron segment in 2017; however, wrought iron segmentis anticipated exhibit highest CAGR over 2018-2030 owing growing demand for this type metal from construction sector across different geographies. Regionally, North America dominated global ferrous scrap processing market with highest revenue contribution followed by Europe and Asia Pacific respectively In terms value wise Asia Pacific region registered highest CAGR during forecast period attributed mainly due high potential countries such as China.
Product Definition:
Ferrous scrap processing is the process of converting ferrous scrap into usable products. This can include recycling iron and steel products, as well as extracting valuable metals from these materials. Ferrous scrap processing is important because it helps reduce waste and create new products from recycled materials. It also helps conserve natural resources and energy, which can reduce environmental impact.
Mild Steel:
Mild steel is a low carbon, non- alloyed iron metal. It has less than 0.25% carbon content by weight and less than 0.10% sulfur content by weight. It also has no more than 5 percent manganese, nickel, or chromium in its composition and it's not heated above 1650C (2800F).
Carbon Steel:
Carbon steel is a type of steel that contains carbon in the alloy. The carbon content in the steel can be varied from low (under 0.2%) to high (over 12%). The range of carbon contents are known as grades. There are different methods used to produce different types of grade steels such as annealing and normalizing, which both have their own advantages and disadvantages for manufacturing ferrous scrap products.
Application Insights:
The construction industry accounted for the largest volume share of over 30.0% in 2017 and is expected to witness significant growth over the forecast period. The global ferrous scrap processing market has witnessed a surge in demand from construction sector as it offers cost-effective solutions while processing various types of metals including steel, aluminum, and others.
The automotive industry also contributes significantly to the global ferrous scrap processing market as many automotive manufacturers are switching to lightweight materials such as aluminum & magnesium which results in reduction of iron & steel components during manufacturing process.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Growing construction activities in these countries are likely to have a positive impact on market growth. In addition, rapid industrialization coupled with increasing demand for automobiles will also drive industry expansion over the coming years.
Europe accounted for a significant share of global revenue in 2017 owing to high product demand from various application industries across Germany, U.K., France and Italy among other countries within this region.
Growth Factors:
- Growing demand from the construction and automotive industries
- Increasing use of scrap metal in manufacturing processes
- Rising prices of metals in global markets
- Technological advancements in scrap processing equipment and methods
- Growing awareness about the benefits of recycling scrap metal
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferrous Scrap Processing Market Research Report
By Type
Mild Steel, Carbon Steel, Stainless Steel, Cast Iron, Wrought Iron
By Application
Construction Industry, Automotive Industry, Tool Manufacturing Industry, Other
By Companies
OmniSource Corp, Metal Management Inc, Tube City Inc, American Iron & Metal Co (AIM), Hugo Neu Corp, Ferrous Processing & Trading Co. (FTP), WIDE REACH, Schnitzer Steel Products Co, PSC Metals, David J. Joseph Co. (DJJ), AMG Resources Corp, Commercial Metals Co. (CMC), Regional powers., Miller Compressing Co, Cohen Brothers Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Ferrous Scrap Processing Market Report Segments:
The global Ferrous Scrap Processing market is segmented on the basis of:
Types
Mild Steel, Carbon Steel, Stainless Steel, Cast Iron, Wrought Iron
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction Industry, Automotive Industry, Tool Manufacturing Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OmniSource Corp
- Metal Management Inc
- Tube City Inc
- American Iron & Metal Co (AIM)
- Hugo Neu Corp
- Ferrous Processing & Trading Co. (FTP)
- WIDE REACH
- Schnitzer Steel Products Co
- PSC Metals
- David J. Joseph Co. (DJJ)
- AMG Resources Corp
- Commercial Metals Co. (CMC)
- Regional powers.
- Miller Compressing Co
- Cohen Brothers Inc
Highlights of The Ferrous Scrap Processing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mild Steel
- Carbon Steel
- Stainless Steel
- Cast Iron
- Wrought Iron
- By Application:
- Construction Industry
- Automotive Industry
- Tool Manufacturing Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ferrous Scrap Processing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ferrous scrap processing is the process of extracting valuable metals from ferrous materials. This can include removing iron, steel, and other metals from waste products such as old cars or appliances.
Some of the major players in the ferrous scrap processing market are OmniSource Corp, Metal Management Inc, Tube City Inc, American Iron & Metal Co (AIM), Hugo Neu Corp, Ferrous Processing & Trading Co. (FTP), WIDE REACH, Schnitzer Steel Products Co, PSC Metals, David J. Joseph Co. (DJJ), AMG Resources Corp, Commercial Metals Co. (CMC), Regional powers., Miller Compressing Co, Cohen Brothers Inc.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ferrous Scrap Processing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ferrous Scrap Processing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ferrous Scrap Processing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ferrous Scrap Processing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ferrous Scrap Processing Market Size & Forecast, 2018-2028
4.5.1 Ferrous Scrap Processing Market Size and Y-o-Y Growth
4.5.2 Ferrous Scrap Processing Market Absolute $ Opportunity
Chapter 5 Global Ferrous Scrap Processing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ferrous Scrap Processing Market Size Forecast by Type
5.2.1 Mild Steel
5.2.2 Carbon Steel
5.2.3 Stainless Steel
5.2.4 Cast Iron
5.2.5 Wrought Iron
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ferrous Scrap Processing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ferrous Scrap Processing Market Size Forecast by Applications
6.2.1 Construction Industry
6.2.2 Automotive Industry
6.2.3 Tool Manufacturing Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ferrous Scrap Processing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ferrous Scrap Processing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ferrous Scrap Processing Analysis and Forecast
9.1 Introduction
9.2 North America Ferrous Scrap Processing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ferrous Scrap Processing Market Size Forecast by Type
9.6.1 Mild Steel
9.6.2 Carbon Steel
9.6.3 Stainless Steel
9.6.4 Cast Iron
9.6.5 Wrought Iron
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ferrous Scrap Processing Market Size Forecast by Applications
9.10.1 Construction Industry
9.10.2 Automotive Industry
9.10.3 Tool Manufacturing Industry
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ferrous Scrap Processing Analysis and Forecast
10.1 Introduction
10.2 Europe Ferrous Scrap Processing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ferrous Scrap Processing Market Size Forecast by Type
10.6.1 Mild Steel
10.6.2 Carbon Steel
10.6.3 Stainless Steel
10.6.4 Cast Iron
10.6.5 Wrought Iron
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ferrous Scrap Processing Market Size Forecast by Applications
10.10.1 Construction Industry
10.10.2 Automotive Industry
10.10.3 Tool Manufacturing Industry
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ferrous Scrap Processing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ferrous Scrap Processing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ferrous Scrap Processing Market Size Forecast by Type
11.6.1 Mild Steel
11.6.2 Carbon Steel
11.6.3 Stainless Steel
11.6.4 Cast Iron
11.6.5 Wrought Iron
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ferrous Scrap Processing Market Size Forecast by Applications
11.10.1 Construction Industry
11.10.2 Automotive Industry
11.10.3 Tool Manufacturing Industry
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ferrous Scrap Processing Analysis and Forecast
12.1 Introduction
12.2 Latin America Ferrous Scrap Processing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ferrous Scrap Processing Market Size Forecast by Type
12.6.1 Mild Steel
12.6.2 Carbon Steel
12.6.3 Stainless Steel
12.6.4 Cast Iron
12.6.5 Wrought Iron
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ferrous Scrap Processing Market Size Forecast by Applications
12.10.1 Construction Industry
12.10.2 Automotive Industry
12.10.3 Tool Manufacturing Industry
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ferrous Scrap Processing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ferrous Scrap Processing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ferrous Scrap Processing Market Size Forecast by Type
13.6.1 Mild Steel
13.6.2 Carbon Steel
13.6.3 Stainless Steel
13.6.4 Cast Iron
13.6.5 Wrought Iron
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ferrous Scrap Processing Market Size Forecast by Applications
13.10.1 Construction Industry
13.10.2 Automotive Industry
13.10.3 Tool Manufacturing Industry
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ferrous Scrap Processing Market: Competitive Dashboard
14.2 Global Ferrous Scrap Processing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OmniSource Corp
14.3.2 Metal Management Inc
14.3.3 Tube City Inc
14.3.4 American Iron & Metal Co (AIM)
14.3.5 Hugo Neu Corp
14.3.6 Ferrous Processing & Trading Co. (FTP)
14.3.7 WIDE REACH
14.3.8 Schnitzer Steel Products Co
14.3.9 PSC Metals
14.3.10 David J. Joseph Co. (DJJ)
14.3.11 AMG Resources Corp
14.3.12 Commercial Metals Co. (CMC)
14.3.13 Regional powers.
14.3.14 Miller Compressing Co
14.3.15 Cohen Brothers Inc
