Iron Recycling Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The iron recycling market is segmented by end-user industry (building and construction, automotive, packaging, shipbuilding, electronics and electrical equipment, consumer appliances, and other end-user industries) and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report offers market size and forecasts for iron recycling in volume (tons) for all the above segments.

Iron Recycling Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Iron Recycling Market Size

Iron Recycling Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 7.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Iron Recycling Market Major Players Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Iron Recycling Market with other markets in Chemicals & Materials Industry

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Iron Recycling Market Analysis

The Iron Recycling Market is expected to register a CAGR of greater than 7% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. During the pandemic scenario, the construction and automotive manufacturing activities were on a temporary halt during the lockdown to curb the spread of new COVID-19 cases, thereby, decreasing the consumption of recycled iron from these end-user industries. However, the condition recovered in 2021, which is expected to benefit the market during the forecast period.

  • Over the short term, an increase in urbanization and industrialization is expected to drive the market's growth.
  • On the flip side, the unorganized flow of waste metals tends to act as a restraint on the growth of the market.
  • Stringent regulations imposed by the government regarding metal mining act as an opportunity for the growth of the market in the near future.
  • Asia-Pacific dominated the market globally, with the largest consumption from construction activities in countries such as India, China, and others.

Iron Recycling Industry Overview

The iron recycling market is fairly consolidated in nature. Some of the key players include ArcelorMittal, Nucor Corporation, CMC, European Metal Recycling Ltd., Sims Limited, among others.

Iron Recycling Market Leaders

  1. ArcelorMittal

  2. Nucor Corporation

  3. CMC

  4. European Metal Recycling Ltd.

  5. Sims Limited

  6. *Disclaimer: Major Players sorted in no particular order
Iron Recycling Market Concentration
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Iron Recycling Market News

  • December 2022: Nucor Corporation, the largest U.S.-based steel producer announced its partnership with green iron company, Electra. Through this partnership, Nucor Corporation used Electra's iron to further lower the carbon emissions of its industry-leading sustainable steel and steel products.
  • March 2022: ArcelorMittal acquired Scottish steel recycling business John Lawrie Metals Ltd., as part of the company's strategy of increasing the use of scrap steel to lower CO2 emissions from steelmaking.

Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increase in Urbanization and Industrialization
    • 4.1.2 Increasing Awareness regarding the Depletion of Metal Reserves
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Unorganised Flow of Waste Metals
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 End-user Industry
    • 5.1.1 Building and Construction
    • 5.1.2 Automotive
    • 5.1.3 Packaging
    • 5.1.4 Shipbuilding
    • 5.1.5 Electronics & Electrical Equipment
    • 5.1.6 Consumer Appliances
    • 5.1.7 Other End-User Industries
  • 5.2 Geography
    • 5.2.1 Asia-Pacific
    • 5.2.1.1 China
    • 5.2.1.2 India
    • 5.2.1.3 Japan
    • 5.2.1.4 South Korea
    • 5.2.1.5 Rest of Asia-Pacific
    • 5.2.2 North America
    • 5.2.2.1 United States
    • 5.2.2.2 Canada
    • 5.2.2.3 Mexico
    • 5.2.3 Europe
    • 5.2.3.1 Germany
    • 5.2.3.2 United Kingdom
    • 5.2.3.3 Italy
    • 5.2.3.4 France
    • 5.2.3.5 Rest of Europe
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Rest of South America
    • 5.2.5 Middle-East and Africa
    • 5.2.5.1 Saudi Arabia
    • 5.2.5.2 South Africa
    • 5.2.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%) Analysis** / Market Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 ArcelorMittal
    • 6.4.2 CMC
    • 6.4.3 CMR Green Technologies Ltd.
    • 6.4.4 European Metal Recycling Ltd.
    • 6.4.5 Kimmel Scrap Iron & Metal Co, Inc.
    • 6.4.6 Nucor Corporation
    • 6.4.7 OmniSource, LLC
    • 6.4.8 Schnitzer Steel Industries, Inc.
    • 6.4.9 Sims Limited
    • 6.4.10 Tata Steel
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Stringent Regulations Imposed by the Government Regarding Metal Mining
**Subject to Availability
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Iron Recycling Industry Segmentation

Metal recycling is the process of taking waste metal, processing it, and creating new metal material. Iron can be recycled endlessly without its material qualities being compromised. Steel is an alloy of iron and can be recycled multiple times to be molded in products used in various end-user industries. The iron recycling market is segmented by end-user industry and geography. By end-user industry, the market is segmented into building and construction, automotive, packaging, shipbuilding, electronics & electrical equipment, consumer appliances, and other end-user industries. The report also covers the market size and forecasts for the iron recycling market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (tons).

End-user Industry Building and Construction
Automotive
Packaging
Shipbuilding
Electronics & Electrical Equipment
Consumer Appliances
Other End-User Industries
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Frequently Asked Questions

What is the current Iron Recycling Market size?

The Iron Recycling Market is projected to register a CAGR of greater than 7% during the forecast period (2025-2030)

Who are the key players in Iron Recycling Market?

ArcelorMittal, Nucor Corporation, CMC, European Metal Recycling Ltd. and Sims Limited are the major companies operating in the Iron Recycling Market.

Which is the fastest growing region in Iron Recycling Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Iron Recycling Market?

In 2025, the Asia-Pacific accounts for the largest market share in Iron Recycling Market.

What years does this Iron Recycling Market cover?

The report covers the Iron Recycling Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Iron Recycling Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Iron Recycling Industry Report

Statistics for the 2025 Iron Recycling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Iron Recycling analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.