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Iron & Steel Scrap Recycling Trends and Forecast
The future of the global iron & steel scrap recycling market looks promising with opportunities in the building & construction, automotive, electrical & electronic, and industrial machinery markets. The global iron & steel scrap recycling market is expected to reach an estimated $620.1 billion by 2030 with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are increased focus on resource efficiency and circular economy, rising awareness among consumers about the environmental benefits of recycled products, and growing investments in the scrap recycling infrastructure.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Iron & Steel Scrap Recycling by Segment
The study includes a forecast for the global iron & steel scrap recycling by type, application, and region.
Iron & Steel Scrap Recycling Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Heavy Melting Steel
• Old Car Bodies
• Cast Iron
• Pressing Steel
• Manganese Steel
• Rails
Iron & Steel Scrap Recycling Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Building & Construction
• Automotive
• Electrical & Electronics
• Industrial Machinery
• Others
Iron & Steel Scrap Recycling Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Iron & Steel Scrap Recycling Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies iron & steel scrap recycling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the iron & steel scrap recycling companies profiled in this report include-
• Schnitzer Steel Products
• PSC Metals
• Alter Scrap Processing
• Commercial Metals
• Hugo Neu
• ArcelorMittal
• Aurubis
Iron & Steel Scrap Recycling Market Insights
Lucintel forecasts that rail is expected to witness the highest growth over the forecast period.
Within this market, building & construction is expected to witness the highest growth due to growing government economic initiatives.
APAC is expected to witness highest growth over the forecast period due to rapid industrializaion and significantly growing construction activities and infrastructural development in the region.
Features of the Global Iron & Steel Scrap Recycling Market
Market Size Estimates: Iron & steel scrap recycling market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Iron & steel scrap recycling market size by type, application, and region in terms of value ($B).
Regional Analysis: Iron & steel scrap recycling market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the iron & steel scrap recycling market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the iron & steel scrap recycling market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the iron & steel scrap recycling market size?
Answer: The global iron & steel scrap recycling market is expected to reach an estimated $620.1 billion by 2030.
Q2. What is the growth forecast for iron & steel scrap recycling market?
Answer: The global iron & steel scrap recycling market is expected to grow with a CAGR of 7.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the iron & steel scrap recycling market?
Answer: The major drivers for this market are increased focus on resource efficiency and circular economy, rising awareness among consumers about the environmental benefits of recycled products and growing investments in the scrap recycling infrastructure.
Q4. What are the major segments for iron & steel scrap recycling market?
Answer: The future of the iron & steel scrap recycling market looks promising with opportunities in the building & construction, automotive, electrical & electronic, and industrial machinery markets.
Q5. Who are the key iron & steel scrap recycling market companies?
Answer: Some of the key iron & steel scrap recycling companies are as follows:
• Schnitzer Steel Products
• PSC Metals
• Alter Scrap Processing
• Commercial Metals
• Hugo Neu
• ArcelorMittal
• Aurubis
Q6. Which iron & steel scrap recycling market segment will be the largest in future?
Answer: Lucintel forecasts that rail is expected to witness the highest growth over the forecast period.
Q7. In iron & steel scrap recycling market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrializaion and significantly growing construction activities and infrastructural development in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the iron & steel scrap recycling market by type (heavy melting steel, old car bodies, cast iron, pressing steel, manganese steel, and rails), application (building & construction, automotive, electrical & electronics, industrial machinery, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Iron & Steel Scrap Recycling Market, Iron & Steel Scrap Recycling Market Size, Iron & Steel Scrap Recycling Market Growth, Iron & Steel Scrap Recycling Market Analysis, Iron & Steel Scrap Recycling Market Report, Iron & Steel Scrap Recycling Market Share, Iron & Steel Scrap Recycling Market Trends, Iron & Steel Scrap Recycling Market Forecast, Iron & Steel Scrap Recycling Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Iron & Steel Scrap Recycling Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Iron & Steel Scrap Recycling Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Iron & Steel Scrap Recycling Market by Type
3.3.1: Heavy Melting Steel
3.3.2: Old Car Bodies
3.3.3: Cast Iron
3.3.4: Pressing Steel
3.3.5: Manganese Steel
3.3.6: Rails
3.4: Global Iron & Steel Scrap Recycling Market by Application
3.4.1: Building & Construction
3.4.2: Automotive
3.4.3: Electrical & Electronics
3.4.4: Industrial Machinery
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Iron & Steel Scrap Recycling Market by Region
4.2: North American Iron & Steel Scrap Recycling Market
4.2.2: North American Iron & Steel Scrap Recycling Market by Application: Building & Construction, Automotive, Electrical & Electronics, Industrial Machinery, and Others
4.3: European Iron & Steel Scrap Recycling Market
4.3.1: European Iron & Steel Scrap Recycling Market by Type: Heavy Melting Steel, Old Car Bodies, Cast Iron, Pressing Steel, Manganese Steel, and Rails
4.3.2: European Iron & Steel Scrap Recycling Market by Application: Building & Construction, Automotive, Electrical & Electronics, Industrial Machinery, and Others
4.4: APAC Iron & Steel Scrap Recycling Market
4.4.1: APAC Iron & Steel Scrap Recycling Market by Type: Heavy Melting Steel, Old Car Bodies, Cast Iron, Pressing Steel, Manganese Steel, and Rails
4.4.2: APAC Iron & Steel Scrap Recycling Market by Application: Building & Construction, Automotive, Electrical & Electronics, Industrial Machinery, and Others
4.5: ROW Iron & Steel Scrap Recycling Market
4.5.1: ROW Iron & Steel Scrap Recycling Market by Type: Heavy Melting Steel, Old Car Bodies, Cast Iron, Pressing Steel, Manganese Steel, and Rails
4.5.2: ROW Iron & Steel Scrap Recycling Market by Application: Building & Construction, Automotive, Electrical & Electronics, Industrial Machinery, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Iron & Steel Scrap Recycling Market by Type
6.1.2: Growth Opportunities for the Global Iron & Steel Scrap Recycling Market by Application
6.1.3: Growth Opportunities for the Global Iron & Steel Scrap Recycling Market by Region
6.2: Emerging Trends in the Global Iron & Steel Scrap Recycling Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Iron & Steel Scrap Recycling Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Iron & Steel Scrap Recycling Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Schnitzer Steel Products
7.2: PSC Metals
7.3: Alter Scrap Processing
7.4: Commercial Metals
7.5: Hugo Neu
7.6: ArcelorMittal
7.7: Aurubis
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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