U.S. Ferrous Scrap Recycling Market Size & Outlook
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U.S. ferrous scrap recycling market highlights
- The U.S. ferrous scrap recycling market generated a revenue of USD 34.1 million in 2021 and is expected to reach USD 44.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.1% 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.
Ferrous scrap recycling market data book summary
| Market revenue in 2021 | USD 34.1 million |
| Market revenue in 2030 | USD 44.7 million |
| Growth rate | 3.1% (CAGR from 2021 to 2030) |
| Largest segment | Construction |
| Fastest growing segment | Consumer Goods |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, U.S. accounted for 24.6% of the global ferrous scrap recycling market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. ferrous scrap recycling market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 44.7 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 |
U.S. 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 46.33% in 2024. Horizon Databook has segmented the U.S. ferrous scrap recycling market based on construction, automotive, consumer goods, industrial goods covering the revenue growth of each sub-segment from 2017 to 2030.
U.S. plays a significant role in the recycling market as steel is the most recycled material in the country. Recycling carries vital significance in the U.S. owing to its economic benefits as the industry creates jobs and helps to reduce carbon emission.
The positive government policy to reduce carbon emission is expected to drive the market growth of ferrous scrap recycling. For instance, in October 2021, the U.S. and EU announced to negotiate the world’s first carbon-based sectoral arrangement on steel and aluminum trade by 2024.
Together both the countries are working to restrict the entry of dirty steel and limit access to countries that dump steel in both the markets. This initiative is expected to boost production of steel through EAF, which is anticipated to positively influence the ferrous scrap recycling market.
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Target buyers of U.S. 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. ferrous scrap recycling market , including forecasts for subscribers. This country databook contains high-level insights into U.S. ferrous scrap recycling market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. ferrous scrap recycling market size, by application, 2017-2030 (US$M)
U.S. Ferrous Scrap Recycling Market Outlook Share, 2024 & 2030 (US$M)
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