Scrap Based Electric Arc Furnace Market Size and trends
Global Scrap-based Electric Arc Furnace Market is estimated to be valued at USD 907.9 Mn in 2025 and is expected to reach USD 2,033.5 Mn by 2032, growing at a compound annual growth rate (CAGR) of 12.2% from 2025 to 2032.
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The market has been witnessing steady growth over the past few years and the growth is attributed to factors like rising demand for recycled steel and emphasis on sustainability across industries. Electric arc furnaces are immensely more eco-friendly than traditional blast furnaces used for primary steelmaking. A large proportion of total carbon emissions from steel production come from the iron making stage where coking coal is converted to coke and fed into blast furnaces. This energy intensive process releases significant amounts of greenhouse gases. In contrast, electric arc furnaces do not require coking of coal and source most of their feedstock from recycling scrap steel which has a fraction of the carbon impact as producing crude steel from iron ore.
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