North America Ferrous Scrap Recycling Market Size & Outlook
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North America ferrous scrap recycling market highlights
- The North America ferrous scrap recycling market generated a revenue of USD 42.4 million in 2021.
- The market is expected to grow at a CAGR of 3% from 2022 to 2030.
- In terms of segment, construction was the largest revenue generating application in 2021.
- Consumer Goods is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 42.4 million |
| Market revenue in 2030 | USD 55.4 million |
| Growth rate | 3% (CAGR from 2021 to 2030) |
| Largest segment | Construction |
| Fastest growing segment | Consumer Goods |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Construction, Automotive, Consumer Goods, Industrial Goods |
| Key market players worldwide | European Metals Holdings Ltd, Sims Ltd, Schnitzer Steel Industries, American Iron & Metal, Innovative Metal Recycling, OmniSource Corporation, SA Recycling, Rudolf Schuy, TSR Recycling, Ward Recycling |
Other key industry trends
- In terms of revenue, North America region accounted for 30.7% of the global ferrous scrap recycling market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 28.4 million by 2030.
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Ferrous Scrap Recycling Market Scope
Ferrous Scrap Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ward Recycling | View profile | 251-500 | Woodville, Derbyshire, United Kingdom, Europe | https://www.ward.com |
| TSR Recycling | View profile | 1001-5000 | Lünen, Nordrhein-Westfalen, Germany, Europe | https://www.tsr.eu/ |
| Rudolf Schuy | View profile | 51-100 | Limburg, Hessen, Germany, Europe | http://schuy.eu |
| SA Recycling | View profile | 1001-5000 | Orange, California, United States, North America | http://sarecycling.com |
| OmniSource Corporation | View profile | 1001-5000 | Fort Wayne, Indiana, United States, North America | http://www.omnisource.com/ |
| Innovative Metal Recycling | View profile | 101-250 | Krefeld, Nordrhein-Westfalen, Germany, Europe | https://www.imrecycling.de |
| American Iron & Metal | View profile | 1001-5000 | Montréal, Quebec, Canada, North America | https://aim-global.com |
| Schnitzer Steel Industries | View profile | 1001-5000 | Portland, Oregon, United States, North America | http://www.schnitzersteel.com/ |
| Sims Ltd | View profile | 4000 | 189 O’Riordan Street, Suite 2, Level 9, Mascot, Sydney, NSW, Australia, 2020 | https://www.simsltd.com |
| European Metals Holdings Ltd | View profile | 28000 | 35 Outram Street, Level 3, West Perth, WA, Australia, 6005 | https://www.europeanmet.com |
North America 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 46.23% in 2024. Horizon Databook has segmented the North America ferrous scrap recycling market based on construction, automotive, consumer goods, industrial goods covering the revenue growth of each sub-segment from 2017 to 2030.
In terms of revenue, North America was second largest regional segment in 2021. The share is attributed to the significance of recycling in the U.S. followed by Canada. Recycling industry is of vital importance in Canada.
According to Canadian Association of Recycling Industries, the industry employees over 34,000 workers and indirectly creates 85,000 jobs. Increasing usage of EAF to manufacturer crude steel in the region is expected to propel the demand for ferrous scrap metal recycling.
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Target buyers of North America ferrous scrap recycling market databook
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Our clientele includes a mix of ferrous scrap recycling market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America ferrous scrap recycling market , including forecasts for subscribers. This continent databook contains high-level insights into North America ferrous scrap recycling market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America ferrous scrap recycling market size, by country, 2017-2030 (US$M)
North America Ferrous Scrap Recycling Market Outlook Share, 2024 & 2030 (US$M)
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