Global Ship Recycling Market

Report Code: ENV070B

Publish Date: Jul 2025

Publisher: BCC Publishing

Category: Environment

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Report Highlights

The global market for ship recycling was valued at $7 billion in 2024 and is estimated to increase from $9.1 billion in 2025 to reach $13 billion by 2030, at a compound annual growth rate (CAGR) of 7.4% from 2025 through 2030.

Report Includes

  • 33 data tables and 49 additional tables
  • An overview of the global market for ship recycling
  • In-depth analyses of global market trends, featuring historical revenue data for 2024, estimated figures for 2025, and projected CAGRs through 2030
  • Evaluation of the market’s size and revenue growth prospects, accompanied by a market share analysis on the basis of vessel type, method, size and geographical region
  • Insight into government initiatives, and detailed descriptions of ship dismantling technologies and new ship recycling methods
  • Discussion of evolving technologies, the current and future market potential, R&D activities, growth strategies, and ESG trends of the market
  • Identification of companies that are best positioned to meet this demand because of their proprietary technologies, mergers and acquisitions, joint ventures and other strategic alliances
  • Company profiles of major players within the industry, including Alang Ship Breaking Yard (India), Chittagong Ship Breaking Yard (Bangladesh), Gadani Ship Breaking Yard (Pakistan), and Aliaga Ship Breaking Yard (Turkey).

Report Scope

The report provides a detailed analysis, both quantitative and qualitative, of the ship recycling market to reflect the latest trends and data. This report focuses on the global ship recycling market from 2024 through 2030. The base year of the analysis is 2024, with 2025 through 2030 serving as the forecast period. The revenue calculated in this report is in $ million. The market is segmented by:

  • Vessel type: Bulk carriers, container ships, oil tankers, general cargo ships and others.
  • Vessel size: Below 60,000 DWT, 60,000 DWT to 125,000 DWT, and above 125,000 DWT.
  • Methods: Beaching, dry-docking, alongside/pier-breaking and others.

Report Synopsis

Report Metrics Details
Base year considered 2024
Forecast period considered 2025-2030
Base year market size $7 billion
Market size forecast $13 billion
Growth rate CAGR of 7.4% for the forecast period of 2025-2030
Units considered $ Millions
Segments covered Vessel Type, Vessel Size, Methods
Countries covered Bangladesh, India, Pakistan, Turkey, Rest of the World
Key Market Drivers
  • Increasing Demand for Scrap Steel
  • Increasing Age of the Global Shipping Fleet
  • Stringent Ship End-of-Life Regulations
Companies studied
ALANG SOSIYA SHIP RECYCLING YARDDORTEL GEMI SOKUM
EMR USA HOLDINGS INC.KSRM STEEL PLANT LTD.
LEELA WORLDWIDE GROUPLEYAL GEMI SOKUM
MARINE METALSMRC PORT COLBORNE
OSM THOMEPRIYA BLUE INDUSTRIES
R.L. KALTHIA SHIP BREAKING PVT. LTD.SALASAR BALAJI SHIP BREAKERS PVT. LTD.
SPOT SHIPPING A.S.VMS INDUSTRIES LTD.
WIRANA
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Frequently Asked Questions (FAQs)

The global ship recycling market was valued at $7 billion in 2024 and will reach $13 billion by 2030, and the growth rate is 7.4% for the forecast period 2025-2030.
  • Increasing demand for scrap steel.
  • Increasing age of the global shipping fleet.
  • Stringent ship end-of-life regulations.
  • Low availability of vessels.
  • Growth of global trade.
  • Health hazards in irresponsible ship recycling.
The ship recycling market is segmented on the basis of vessel type, vessel size and methods. The vessel type segment is further segmented into bulk carriers, container ships, oil tankers, general cargo ships and others. The vessel size segment is sub-segmented into below 60,000 DWT, 60,000 DWT to 125,000 DWT and above 125,000 DWT. The method segment is sub-segmented into beaching, dry-docking, alongside/pier-breaking and others.
Beaching method will dominate the methods segment.
Bangladesh has the highest market share in the market; the market is gaining interest majorly due to high prices offered by recyclers from the region and less stringent regulation imposed to handle ship breaking.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Global Ship Recycling Market110Free
Chapter- 1: Executive Summary4Free
Chapter- 2: Market Overview5Free
Chapter- 3: Market Dynamics10Free
Chapter- 4: Emerging Technologies and Developments5Free
Chapter- 5: Market Segment Analysis56Free
Chapter- 6: Competitive Intelligence3Free
Chapter- 7: Sustainability in Ship Recycling Industry: ESG Perspective3Free
Chapter- 8: Appendix24Free

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Report Includes

    Total Number of Tables in this Report: 82

  • Summary Table: Global Market for Ship Recycling, by Country, Through 2030
  • Table 1: Items Typically Recovered from Ships
  • Table 2: Leading Ship Dumper Companies
  • Table 3: Impact of the Trade-War and U.S. Tariffs on the Ship Recycling Industry, 2025
  • Table 4: Top Five Steel Producing Countries Globally, 2024
  • Table 5: Comparison between the HKC, EU SRR and the Basel Convention
  • Table 6: Hazards at Ship-Breaking Industrial Area and Causes
  • Table 7: Patents in Ship Recycling, by Country/Region, January 2023–April 2025
  • Table 8: Patents in Ship Recycling, by Applicant, January 2023–April 2025
  • Table 9: List of Patents in Ship Recycling Market, January 2023–April 2025
  • Table 10: Global Market for Ship Recycling, by Vessel Type, Through 2030
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Report Highlights

The report provides an overview of the global ship recycling market and its related segment. The report has been segmented based on vessel type, vessel size, method, and region. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. The report examines key drivers, emerging trends, and major players and provides market estimates. It also analyses the companies and regions involved in the ship recycling industry, and highlights and elaborates on the economic factors in this marketplace.

Report Includes

  • An overview of the global landscape related to the ship recycling industry
  • In-depth analysis of global market trends, featuring historical revenue data for 2022, estimated figures for 2023, as well as forecasts for 2028. This analysis includes projections of compound annual growth rates (CAGRs) through 2028
  • Evaluation of the current market size and revenue growth prospects specific to the ship recycling industry, accompanied by a market share analysis by vessel type, method, size, and geographical region
  • Insights into government initiatives, and detailed descriptions of ship dismantling technologies and novel ship recycling methods
  • Coverage of evolving technologies, the current and future market potential, and an analysis of the regulatory framework and reimbursement scenarios
  • Market share analysis of the key companies in the industry and coverage of mergers & acquisitions, joint ventures, collaborations, partnerships, and other market strategies
  • Profiles of leading market participants

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Global Ship Recycling Market
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