Global Ferrous Scrap Recycling Market Size & Outlook

The ferrous scrap recycling industry worldwide is expected to reach a projected revenue of US$ 192.6 million by 2030. A compound annual growth rate of 3.8% is expected of the worldwide ferrous scrap recycling industry from 2022 to 2030.

Revenue, 2021 (US$M)
$138.3
Forecast, 2030 (US$M)
$192.6
CAGR, 2022 - 2030
3.7%
Report Coverage
Worldwide

Global ferrous scrap recycling market highlights

  • The global ferrous scrap recycling market generated a revenue of USD 138.3 million in 2021 and is expected to reach USD 192.6 million by 2030.
  • The market is expected to grow at a CAGR (2022 - 2030) of 3.8% by 2030.
  • In terms of segment, construction accounted for a revenue of USD 64.0 million in 2021.
  • Consumer Goods is the most lucrative application segment registering the fastest growth during the forecast period.
  • In terms of region, Europe was the largest revenue generating market in 2021.
  • Country-wise, Mexico is expected to register the highest CAGR from 2022 to 2030.

Global data book summary

Market revenue in 2021USD 138.3 million
Market revenue in 2030USD 192.6 million
Growth rate3.8% (CAGR from 2021 to 2030)
Largest segmentConstruction
Fastest growing segmentConsumer Goods
Historical data covered2017 - 2020
Base year for estimation2021
Forecast period covered2022 - 2030
Quantitative unitsRevenue in USD million
Market segmentationConstruction, Automotive, Consumer Goods, Industrial Goods

Other key industry trends

  • In terms of revenue, the North America accounted for 30.7% of the global ferrous scrap recycling market in 2021.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Mexico is the fastest growing regional market and is projected to reach USD 1.7 million by 2030.

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Ferrous Scrap Recycling Market Scope

Ferrous scrap recycling market segmentation & scope
Construction
Automotive
Consumer Goods
Industrial Goods

Ferrous Scrap Recycling Market Companies

Name Profile # Employees HQ Website

Global ferrous scrap recycling market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ferrous scrap recycling market will help companies and investors design strategic landscapes.


Construction was the largest segment with a revenue share of 46.28% in 2021. Horizon Databook has segmented the Global ferrous scrap recycling market based on construction, automotive, consumer goods, industrial goods covering the revenue growth of each sub-segment from 2017 to 2030.


  • Global Ferrous Scrap Recycling Application Outlook (Revenue, USD Million, 2017-2030)
    • Construction
    • Automotive
    • Consumer Goods
    • Industrial Goods

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Horizon Databook provides a detailed overview of global-level data and insights on the Global ferrous scrap recycling market , including forecasts for subscribers. This global databook contains high-level insights into Global ferrous scrap recycling market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Global ferrous scrap recycling market size, by regions, 2017-2030 (US$M)

Top 10 countries: Ferrous scrap recycling market size, 2021 (US$M)

Global ferrous scrap recycling market share, by application, 2021 & 2030 (%, US$M)

Ferrous Scrap Recycling Market: Opportunity Assessment By Country

Global ferrous scrap recycling market, by region, 2021 (US$M)

Global ferrous scrap recycling market size, by regions, 2017-2030 (US$M)

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