Electric Arc Furnace (EAF) Dust Recycling Market Size, Share Report, Industry Analysis, Trends, Growth 2030

Electric Arc Furnace (EAF) Dust Recycling Industry Prospective:

The global electric arc furnace (EAF) dust recycling market size was worth around USD 1500 million in 2022 and is predicted to grow to around USD 2100 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.5% between 2023 and 2030.         

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Electric Arc Furnace (EAF) Dust Recycling Market: Overview

Dust recovery from electric arc furnaces (EAFs) reduces the use of energy & natural resources and the resulting environmental burden. Recycling reduces the burden on landfills while protecting priceless natural resources. Dust from electric arc furnaces (EAFs) is a significant secondary resource because it includes a variety of metallic elements, including zinc, lead, iron, chromium, and cadmium. Recycling EAF dust is advantageous for both improving the dust's economic potential via the recovery of these precious metals and for addressing disposal and environmental issues brought on by the heavy metals (such as lead, chromium, and cadmium) entrained in the dust.

Key Insights

• As per the analysis shared by our research analyst, the global Electric Arc Furnace (EAF) Dust Recycling market is estimated to grow annually at a CAGR of around 4.5% over the forecast period (2023-2030).
• In terms of revenue, the global Electric Arc Furnace (EAF) Dust Recycling market size was valued at around USD 1500 million in 2022 and is projected to reach USD 2100 million, by 2030.
• The increasing steel demand across the globe is expected to drive the electric arc furnace dust recycling market growth over the forecast period.
• Based on the process, the pyrometallurgy segment is expected to dominate the market during the forecast period.
• Based on the application, the zinc segment is expected to capture a significant market share over the forecast period.
• Based on region, the Asia Pacific is expected to dominate the market during the forecast period.

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Electric Arc Furnace (EAF) Dust Recycling Market: Growth Drivers

Increasing steel production drives the market growth

The market for recycling EAF dust recycling is significantly influenced by the overall quantity of steel production. EAF dust output rises in conjunction with increased steel production. The steel demand is rising, resulting in the requirement for efficient EAF dust recycling methods in emerging nations with expanding building and infrastructure sectors. For instance, according to the Ministry of Steel India, production of crude steel increased at a rate of 4.2% per year (CAGR), from 103.13 MT in 2017–18 to 120.29 MT in 2021–22. The industrial scenario for April through July of 2021–22 is as follows when compared to the same time last year: Production of crude steel increased by 8.9% to 41.09 MT. Thus, the aforementioned stats drive the global electric arc furnace dust recycling market growth during the forecast period.

Electric Arc Furnace (EAF) Dust Recycling Market: Restraints

The complex composition of EAF dust hampers market growth

The complex and heterogeneous nature of EAF dust, together with its variable chemical compositions, might make recycling challenging. Flexible and adaptive recycling processes are required since different steel mills may create EAF dust with varying pollutants and properties. Thus, this factor acts as a major restraint to the electric arc furnace dust recycling industry growth during the forecast period.

Electric Arc Furnace (EAF) Dust Recycling Market: Opportunities

Increasing investment offers an attractive opportunity for market growth

The growing investment in the EAF industry is expected to offer a lucrative opportunity for market growth during the forecast period. For instance, in June 2023, with support from the Ministry of Economy, ArcelorMittal invested USD 72 million in a new electric arc furnace at its Belval facility. One of this Memorandum of Understanding's major projects is the new Belval electric arc furnace. It will provide better energy efficiency and an almost 15% boost in Luxembourg's ability to produce 2.5 million tonnes of steel annually. With the addition of this new facility, which will replace the existing EAF that has been in operation since 1997, and further investments to be made in other areas of the Belval steel plant, ArcelorMittal Luxembourg plants will have enough capacity to produce enough crude steel to meet the Grand Duchy's demand for finished rolled products. For the manufacturing of its multiple rail ranges and specialty products, this new installation will now solely supply Mill A at the ArcelorMittal Rodange site. Thereby, driving the electric arc furnace dust recycling market growth.

Electric Arc Furnace (EAF) Dust Recycling Market: Challenges

The risk associated with environment and human health poses a challenge to market growth

The dust from an electric arc furnace (EAF) includes valuable but hazardous materials, such as metals and their oxides, such as iron, chromium, manganese, lead, and zinc. The effects of air pollution and dust accumulation are detrimental to the environment, the human population, and the economy. The efficient use of EAF dust is a significant issue in the steelmaking process since the sector generates millions of tons of dust each year that have a detrimental influence on the environment. Fe, Zn, Pb, Cr, Mn, V, Ca, Ti, and other useful and dangerous metals can be found in EAF dust. Dust disposal is wasteful and harmful to the environment. Heavy (toxic) metals like lead and cadmium may be harmful to the environment and human health, hence many nations formally classify these wastes as hazardous. Therefore, the risk associated with environment and human health poses a major challenge to the market growth over the forecast period.

Electric Arc Furnace (EAF) Dust Recycling Market: Segmentation

The global Electric Arc Furnace (EAF) Dust Recycling industry is segmented based on process, application, end-user industry, and region.

Based on the process, the global market is bifurcated into pyrometallurgy and hydrometallurgy. The pyrometallurgy segment is expected to dominate the market during the forecast period. Pyrometallurgy is a tried-and-true technique for recovering precious metals from EAF dust. It is frequently chosen when the nature of the dust and the desired end products make it a reasonable alternative since it has advantages in terms of metal recovery efficiency. Thereby, driving the market growth during the forecast period.

Based on the application, the electric arc furnace dust recycling industry is bifurcated into zinc, iron, lead, and others. The zinc segment is expected to capture a significant market share over the forecast period. One beneficial element of reusing EAF dust is the recovery of zinc. Limiting the emission of zinc into the environment, not only minimizes the environmental effect but also improves the economy by supplying the market with a precious metal resource. The majority of zinc is utilized to galvanize other metals, including iron, to stop corrosion. Car bodies, lampposts, safety barriers, and suspension bridges are all made of galvanized steel. Die castings, which are crucial to the automotive, electrical, and hardware sectors, are made using a lot of zinc. Thereby, driving the market growth.

Based on the end-user industry, the global Electric Arc Furnace Dust Recycling market is bifurcated into the chemical industry, cement industry, steel industry, and others.

Electric Arc Furnace (EAF) Dust Recycling Market: Report Scope

Electric Arc Furnace (EAF) Dust Recycling Market: Regional Analysis

The Asia Pacific is expected to dominate the market during the forecast period

The Asia Pacific is expected to dominate the global electric arc furnace dust recycling market during the forecast period. China, India, Japan, South Korea, and other nations in the region are among the top producers of steel globally. The region's steel sector depends significantly on EAFs to produce steel, which leads to significant EAF dust production. A contributing factor in the demand for EAF dust recycling systems is the rising level of steel production.

Moreover, the growing construction sector is one of the most prominent factors for the market growth. For instance, according to the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investment (FDI) in the construction development (townships, housing, built-up infrastructure, and construction development projects) and construction (infrastructure) activity sectors reached a total of $ 26.17 billion and $ 26.30 billion, respectively, between April 2000 and December 2021. Thus, the aforementioned stats drive the market growth in the region.

Electric Arc Furnace (EAF) Dust Recycling Market: Competitive Analysis

The global Electric Arc Furnace (EAF) Dust Recycling market is dominated by players like:

• Enviri Corporation
• Recylex S.A.
• Befesa
• Nippon Steel Corporation
• Zinc Nacional SA
• Steel Dust Recycling LLC
• Marzinc
• Zochem LLC
• Global Steel Dust Limited
• FEECO International Inc.
• Nittetsu Shinko Metal Refine

The global Electric Arc Furnace (EAF) Dust Recycling market is segmented as follows:

By Process

• Pyrometallurgy
• Hydrometallurgy

By Application

• Zinc
• Iron
• Lead
• Others

By End User Industry

• Chemical Industry
• Cement Industry
• Steel Industry
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa