Market Overview:
The global ferrous scrap recycling market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for ferrous scrap from various end-use industries, such as building & construction, automotive, electrical & electronics, industrial machinery and others. In terms of volume, the global ferrous scrap recycling market was estimated at 283 million metric tons in 2017 and is projected to reach 372 million metric tons by 2030. In terms of type, heavy melting steel accounted for the largest share in the global ferrous scrap recycling market in 2017. This can be attributed to its high demand from various end-use industries across the globe. Cast iron followed heavy melting steel in terms of share in 2017 and is projected to grow at a higher CAGR during the forecast period owing to its growing demand from Asia Pacific region.
Product Definition:
Ferrous scrap recycling is the process of recovering steel and iron from scrapped automobiles, appliances, and other ferrous metal objects. The recycled steel and iron can be reused in new products such as automobiles, appliances, and construction materials.
Heavy Melting Steel:
Heavy Melting Steel is a type of steel that has been through the normal recycling process more than 3 times. It has an average carbon content of 0.6-0.8%. The steel can be used in any application where low alloy or medium alloy steels are used today, as it contains no added advantages and disadvantages other than being a pure form of steel with very low carbon levels.
Old Car Bodies:
The global old car bodies and it’s usage in ferrous scrap recycling market size was valued at USD 4.8 billion in 2016. The increasing demand for the product from end-use industries such as automotive, construction, and consumer goods is expected to drive the industry growth over the forecast period.
Application Insights:
The building and construction application segment accounted for the largest volume share of over 30% in 2017. The growth can be attributed to the increasing demand for steel in this sector. Building and construction is one of the key sectors that use ferrous scrap as it is cheaper than other materials such as copper, aluminum or plastic.
The automotive industry also plays a significant role in propelling the market growth owing to its rising demand for raw material such as iron, steel, aluminum and plastics among others. In terms of volume, automotive industry consumed nearly 31% of global ferrous scrap recycling output in 2017 which shows an encouraging sign towards market development during next eight years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a large steel production base of China, Japan, South Korea, India and Taiwan. In addition, rising population coupled with increasing demand for consumer goods is likely to drive the automotive industry in Asia Pacific countries such as India and China which will further boost ferrous scrap recycling activities across the region.
The European market was valued at USD X million in 2017 owing to high steel production volumes of Germany (18th largest producer globally), Italy (21st largest producer) along with other major countries such as Belgium, France and Spain that are driving this regional market forward. However; some Eastern European countries including Russia have lower scrap rates due to lack of awareness regarding environmental protection laws or penalties involved in non-compliance with these laws thereby lowering ferrous scrap recycling rate there significantly over past few years.
Growth Factors:
- Growing awareness about the benefits of recycling among consumers is expected to drive the ferrous scrap recycling market growth.
- Stringent government regulations for waste management is projected to propel the ferrous scrap recycling market growth over the forecast period.
- Increasing demand from end-use industries, such as automotive and construction, is anticipated to boost the ferrous scrap recycling market growth in near future.
- Technological advancements in metal separation and reprocessing technologies are estimated to offer lucrative opportunities for players operating in this market during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferrous Scrap Recycling Market Research Report
By Type
Heavy Melting Steel, Old Car Bodies, Cast Iron, Pressing Steel, Manganese Steel, Rails
By Application
Building & Construction, Automotive, Electrical & Electronics, Industrial Machinery, Others
By Companies
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
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
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Ferrous Scrap Recycling Market Report Segments:
The global Ferrous Scrap Recycling market is segmented on the basis of:
Types
Heavy Melting Steel, Old Car Bodies, Cast Iron, Pressing Steel, Manganese Steel, Rails
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
Building & Construction, Automotive, Electrical & Electronics, Industrial Machinery, Others
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
- 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
Highlights of The Ferrous Scrap Recycling 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:
- Heavy Melting Steel
- Old Car Bodies
- Cast Iron
- Pressing Steel
- Manganese Steel
- Rails
- By Application:
- Building & Construction
- Automotive
- Electrical & Electronics
- Industrial Machinery
- Others
- 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 Recycling 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 recycling is the process of recovering valuable metals from used metal products. This can include items like cars, appliances, and other industrial equipment.
Some of the key players operating in the ferrous scrap recycling market are 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.
The ferrous scrap recycling market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ferrous Scrap Recycling 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 Recycling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ferrous Scrap Recycling 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 Recycling 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 Recycling Market Size & Forecast, 2018-2028
4.5.1 Ferrous Scrap Recycling Market Size and Y-o-Y Growth
4.5.2 Ferrous Scrap Recycling Market Absolute $ Opportunity
Chapter 5 Global Ferrous Scrap Recycling 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 Recycling Market Size Forecast by Type
5.2.1 Heavy Melting Steel
5.2.2 Old Car Bodies
5.2.3 Cast Iron
5.2.4 Pressing Steel
5.2.5 Manganese Steel
5.2.6 Rails
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ferrous Scrap Recycling 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 Recycling Market Size Forecast by Applications
6.2.1 Building & Construction
6.2.2 Automotive
6.2.3 Electrical & Electronics
6.2.4 Industrial Machinery
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ferrous Scrap Recycling 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 Recycling 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 Recycling Analysis and Forecast
9.1 Introduction
9.2 North America Ferrous Scrap Recycling 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 Recycling Market Size Forecast by Type
9.6.1 Heavy Melting Steel
9.6.2 Old Car Bodies
9.6.3 Cast Iron
9.6.4 Pressing Steel
9.6.5 Manganese Steel
9.6.6 Rails
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 Recycling Market Size Forecast by Applications
9.10.1 Building & Construction
9.10.2 Automotive
9.10.3 Electrical & Electronics
9.10.4 Industrial Machinery
9.10.5 Others
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 Recycling Analysis and Forecast
10.1 Introduction
10.2 Europe Ferrous Scrap Recycling 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 Recycling Market Size Forecast by Type
10.6.1 Heavy Melting Steel
10.6.2 Old Car Bodies
10.6.3 Cast Iron
10.6.4 Pressing Steel
10.6.5 Manganese Steel
10.6.6 Rails
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 Recycling Market Size Forecast by Applications
10.10.1 Building & Construction
10.10.2 Automotive
10.10.3 Electrical & Electronics
10.10.4 Industrial Machinery
10.10.5 Others
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 Recycling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ferrous Scrap Recycling 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 Recycling Market Size Forecast by Type
11.6.1 Heavy Melting Steel
11.6.2 Old Car Bodies
11.6.3 Cast Iron
11.6.4 Pressing Steel
11.6.5 Manganese Steel
11.6.6 Rails
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 Recycling Market Size Forecast by Applications
11.10.1 Building & Construction
11.10.2 Automotive
11.10.3 Electrical & Electronics
11.10.4 Industrial Machinery
11.10.5 Others
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 Recycling Analysis and Forecast
12.1 Introduction
12.2 Latin America Ferrous Scrap Recycling 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 Recycling Market Size Forecast by Type
12.6.1 Heavy Melting Steel
12.6.2 Old Car Bodies
12.6.3 Cast Iron
12.6.4 Pressing Steel
12.6.5 Manganese Steel
12.6.6 Rails
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 Recycling Market Size Forecast by Applications
12.10.1 Building & Construction
12.10.2 Automotive
12.10.3 Electrical & Electronics
12.10.4 Industrial Machinery
12.10.5 Others
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 Recycling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ferrous Scrap Recycling 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 Recycling Market Size Forecast by Type
13.6.1 Heavy Melting Steel
13.6.2 Old Car Bodies
13.6.3 Cast Iron
13.6.4 Pressing Steel
13.6.5 Manganese Steel
13.6.6 Rails
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 Recycling Market Size Forecast by Applications
13.10.1 Building & Construction
13.10.2 Automotive
13.10.3 Electrical & Electronics
13.10.4 Industrial Machinery
13.10.5 Others
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 Recycling Market: Competitive Dashboard
14.2 Global Ferrous Scrap Recycling 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
14.3.4 Hugo Neu Corp.
14.3.5 Ferrous Processing & Trading Co.(FTP)
14.3.6 Schnitzer Steel Products
14.3.7 PSC Metals
14.3.8 David J. Joseph Co.(DJJ)
14.3.9 AMG Resources Corp.
14.3.10 Commercial Metals Co.(CMC)
14.3.11 Simsmetal America
14.3.12 Alter Scrap Processing
14.3.13 Joseph Behr & Sons Inc.
14.3.14 Camden Iron & Metal Inc.
14.3.15 Mervis Industries
14.3.16 Galamba Metals Group
14.3.17 American Iron & Metal
14.3.18 American Iron & Metal Co
