Iron Recycling Market Size

Statistics for the 2023 & 2024 Iron Recycling market size, created by Mordor Intelligence™ Industry Reports. Iron Recycling size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Iron Recycling Industry

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Iron Recycling Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
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

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Iron Recycling Market Analysis

The iron recycling market is expected to register a CAGR of 7.8% 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 Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)