Australia Ferrous Scrap Recycling Market Size & Outlook
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Australia ferrous scrap recycling market highlights
- The Australia ferrous scrap recycling market generated a revenue of USD 1.4 million in 2021 and is expected to reach USD 1.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 3.4% 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 1.4 million |
| Market revenue in 2030 | USD 1.9 million |
| Growth rate | 3.4% (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, Australia accounted for 1.0% 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 Asia Pacific, China ferrous scrap recycling market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 8.3 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 |
Australia 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 50% in 2024. Horizon Databook has segmented the Australia ferrous scrap recycling market based on construction, automotive, consumer goods, industrial goods covering the revenue growth of each sub-segment from 2017 to 2030.
Australia accounted for a revenue share of over 7.0% in the Asia Pacific ferrous scrap recycling market in 2021 and is likely to witness a CAGR of 3.4% over the forecast period. Based on sector, the consumer goods segment is expected to register a growth rate of 4.5%.
The automotive segment is anticipated to register a growth of 3.5%, in terms of revenue, from 2022 to 2030. The metal recycling rate in Australia are high. As per the 2020 National Waste Report, the country had a recycling rate of 90%.
The high recycling rate is attributed to the huge investment by the steel and scrap industry into building & infrastructure sector in terms of collection, sorting, shredding, and processing scrap metal.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Australia ferrous scrap recycling market , including forecasts for subscribers. This country databook contains high-level insights into Australia ferrous scrap recycling market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Australia ferrous scrap recycling market size, by application, 2017-2030 (US$M)
Australia Ferrous Scrap Recycling Market Outlook Share, 2024 & 2030 (US$M)
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