PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629627
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629627
Scrap-based Electric Arc Furnace Market, By Production Type, By Scrap Type, By End-user Industry, By Geography
Global Scrap-based Electric Arc Furnace Market is estimated to be valued at USD 809.1 Mn in 2024 and is expected to reach USD 1,791.2 Mn by 2031, growing at a compound annual growth rate (CAGR) of 12% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 809.1 Mn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 12.00% | 2031 Value Projection: | US$ 1,791.2 Mn |
Scrap-based Electric Arc Furnace (EAF) is a furnace that melts metal scrap and directly reduces it into steel. It is one of the primary means of steel production and often allows for far greater energy efficiency and material reuse compared to alternative processes. EAF makes use of electric arcs struck between electrodes and the charge (scrap metal) to melt it. Common scrap metals used include shredded automobile bodies, redundant appliances, turnings, and obsolete industrial machinery. Advantages of EAF include lower capital costs, operational flexibility in terms of charge materials used, ability to recycle scrap, and fewer carbon emissions compared to traditional basic oxygen furnace (BOF) steelmaking routes.
Market Dynamics
The global scrap-based electric arc furnace market is driven by rising steel production using scrap metals. There is a growing environmental and economic incentive to employ scrap recycling over virgin metal extraction pathways. However, factors such as volatility in scrap metal prices present a challenge. An opportunity lies in developing economies ramping up infrastructure which boosts steel demand and scrap reuse. Rapid urbanization and growth of the automotive and construction industries are also beneficial.
Key features of the study:
This report provides in-depth analysis of the global scrap-based electric arc furnace market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global scrap-based electric arc furnace market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Danieli & C. Officine Meccaniche S.p.A., Siemens AG, Tenova S.p.A., SMS Group GmbH, Primetals Technologies Limited, Steel Dynamics, Inc., ArcelorMittal S.A., Gerdau S.A., Nucor Corporation, and POSCO.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global scrap-based electric arc furnace market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global scrap-based electric arc furnace market.
Market Segmentation
- Production Type Insights (Revenue, USD Mn, 2019 - 2031)
- Steel Production
- Non-ferrous Metal Recycling
- Alloy Production
- Pig Iron Production
- Scrap Type Insights (Revenue, USD Mn, 2019 - 2031)
- Obsolete Scrap
- Home Scrap
- New Scrap
- Industrial Scrap
- End-user Industry Insights (Revenue, USD Mn, 2019 - 2031)
- Construction
- Automotive
- Energy & Power
- Machinery & Equipment
- Consumer Goods
- Regional Insights (Revenue, USD Mn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Danieli & C. Officine Meccaniche S.p.A.
- Siemens AG
- Tenova S.p.A.
- SMS Group GmbH
- Primetals Technologies Limited
- Steel Dynamics, Inc.
- ArcelorMittal S.A.
- Gerdau S.A.
- Nucor Corporation
- POSCOa€<
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Scrap-based Electric Arc Furnace Market, By Production Type
- Scrap-based Electric Arc Furnace Market, By Scrap Type
- Scrap-based Electric Arc Furnace Market, By End-user Industry
- Scrap-based Electric Arc Furnace Market, By Region
3. Market Dynamics, Regulations, And Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Industry Trends
4. Scrap-based Electric Arc Furnace Market, By Production Type, 2024-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Steel Production
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Non-ferrous Metal Recycling
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Alloy Production
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Pig Iron Production
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
5. Scrap-based Electric Arc Furnace Market, By Scrap Type, 2024-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Obsolete Scrap
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Home Scrap
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- New Scrap
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Industrial Scrap
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
6. Scrap-based Electric Arc Furnace Market, By End-user Industry, 2024-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Energy & Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Machinery & Equipment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Consumer Goods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
7. Global Scrap-based Electric Arc Furnace Market, By Region, 2024 - 2031, Value (USD Mn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Mn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Production Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Scrap Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End-user Industry, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Production Type , 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Scrap Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End-user Industry, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Production Type , 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Scrap Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End-user Industry, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Production Type , 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Scrap Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End-user Industry, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Production Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Scrap Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End-user Industry, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Production Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Scrap Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End-user Industry, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Danieli & C. Officine Meccaniche S.p.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Siemens AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Tenova S.p.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- SMS Group GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Primetals Technologies Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Steel Dynamics, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- ArcelorMittal S.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Gerdau S.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Nucor Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- POSCOa€<
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
