Market Analysis and Insights: Global Ferrous Scrap Recycling Market
Scrap metal is classified as either ferrous or non-ferrous scrap. While ferrous metals contain some degree of iron (its name derived from the Latin term meaning iron), non-ferrous metal does not contain iron as a component. Both non-ferrous and ferrous metals have been used by humans since ancient times.
The global Ferrous Scrap Recycling market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Fully considering the economic change by this health crisis, Heavy Melting Steel accounting for % of the Ferrous Scrap Recycling global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Building & Construction segment is altered to an % CAGR throughout this forecast period.
China Ferrous Scrap Recycling market size is valued at US$ million in 2021, while the North America and Europe Ferrous Scrap Recycling are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Ferrous Scrap Recycling landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Ferrous Scrap Recycling market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Ferrous Scrap Recycling market in terms of revenue.
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Global Ferrous Scrap Recycling Scope and Market Size
Ferrous Scrap Recycling market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Ferrous Scrap Recycling market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Heavy Melting Steel
Old Car Bodies
Cast Iron
Pressing Steel
Manganese Steel
Rails
Segment by Application
Building & Construction
Automotive
Electrical & Electronics
Industrial Machinery
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
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