Canada Ferrous Scrap Recycling Market Size & Outlook

The ferrous scrap recycling market in Canada is expected to reach a projected revenue of US$ 9.0 million by 2030. A compound annual growth rate of 5.2% is expected of Canada ferrous scrap recycling market from 2025 to 2030.
Revenue, 2024 (US$M)
$6.8
Forecast, 2030 (US$M)
$9.0
CAGR, 2025 - 2030
5.2%
Report Coverage
Canada

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Canada ferrous scrap recycling market, 2017-2030 (US$M)

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Canada ferrous scrap recycling market highlights

  • The Canada ferrous scrap recycling market generated a revenue of USD 7.0 million in 2021 and is expected to reach USD 9.0 million by 2030.
  • The Canada market is expected to grow at a CAGR of 2.8% 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 2021USD 7.0 million
Market revenue in 2030USD 9.0 million
Growth rate2.8% (CAGR from 2021 to 2030)
Largest segmentConstruction
Fastest growing segmentConsumer Goods
Historical data2017 - 2020
Base year2021
Forecast period2022 - 2030
Quantitative unitsRevenue in USD million
Market segmentationConstruction, Automotive, Consumer Goods, Industrial Goods
Key market players worldwideEuropean 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, Canada accounted for 5.1% 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 North America, U.S. ferrous scrap recycling market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 44.7 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

Canada 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 45.71% in 2024. Horizon Databook has segmented the Canada ferrous scrap recycling market based on construction, automotive, consumer goods, industrial goods covering the revenue growth of each sub-segment from 2017 to 2030.


Canada ferrous scrap recycling market accounted for 16.6% of the revenue share in North America in 2021 and is anticipated to witness a CAGR of 2.8% over the forecast period. The growth is attributed to increasing government effort to create a circular economy and target to achieve net zero greenhouse gas emission by 2050. This target is expected to positively aid the ferrous scrap recycling market growth in the country.

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Horizon Databook provides a detailed overview of country-level data and insights on the Canada ferrous scrap recycling market , including forecasts for subscribers. This country databook contains high-level insights into Canada ferrous scrap recycling market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Canada ferrous scrap recycling market size, by application, 2017-2030 (US$M)

Canada Ferrous Scrap Recycling Market Outlook Share, 2024 & 2030 (US$M)

Canada ferrous scrap recycling market size, by application, 2017-2030 (US$M)

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