Latin America Ferrous Scrap Recycling Market Size & Outlook
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Latin America ferrous scrap recycling market highlights
- The Latin America ferrous scrap recycling market generated a revenue of USD 1.6 million in 2021.
- The 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.
Latin America data book summary
| Market revenue in 2021 | USD 1.6 million |
| Market revenue in 2030 | USD 2.0 million |
| Growth rate | 2.8% (CAGR from 2021 to 2030) |
| Largest segment | Construction |
| Fastest growing segment | Consumer Goods |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Latin America region accounted for 1.2% of the global ferrous scrap recycling market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 28.4 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 |
Latin America 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 Latin America ferrous scrap recycling market based on construction, automotive, consumer goods, industrial goods covering the revenue growth of each sub-segment from 2017 to 2030.
The GDP of Central & South America contracted by approximately 8% in 2020, while it grew at a rate of 6.2% in 2021. The negative GDP of the region in 2020 can be attributed to the low baseline established owing to the impact of the COVID-19 pandemic.
Governments of different countries in Central & South America are trying to stimulate their economies to recover from the impact of the pandemic by providing relief packages to consumers and businesses. The country across the region is trying to propel their steel production through electric arc route.
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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 continent-level data and insights on the Latin America ferrous scrap recycling market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ferrous scrap recycling market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America Ferrous Scrap Recycling Market Outlook Share, 2024 & 2030 (US$M)
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