Global Ship Recycling Market

Description

List of Tables

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.

The Bangladesh market for ship recycling was valued at $3.2 billion in 2024 and is estimated to increase from $4.2 billion in 2025 to reach $6.3 billion by 2030, at a CAGR of 8.7% from 2025 through 2030.

The Indian market for ship recycling was valued at $2.4 billion in 2024 and is estimated to increase from $3 billion in 2025 to reach $4.3 billion by 2030, at a CAGR of 6.9% from 2025 through 2030.

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 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).

Product Code: ENV070B

Chapter 1 Executive Summary

Market Outlook
Scope of Report
Market Summary
Technological Advances and Applications
Market Dynamics and Growth Factors
Future Trends and Developments
Segmental Analysis
Regional Insights and Emerging Markets
Conclusion

Chapter 2 Market Overview

Overview
Raw Material from Scrapped Ships
Top Dumpers Companies
Ship Decommissioning Process
Stakeholders Involved in the Scrap Process
Trade-War Impact

Chapter 3 Market Dynamics

Market Dynamics
Market Drivers
Increasing Demand for Scrap Steel
Increasing Age of the Global Shipping Fleet
Stringent Ship End-of-Life Regulations
Market Restraints and Challenges
Low Availability of Vessels
Growth of Global Trade
Health Hazards in Irresponsible Ship Recycling
Market Opportunity
Green Ship Recycling

Chapter 4 Emerging Technologies and Developments

Emerging Technologies in the Market
AI in Ship Recycling: Automation in Process
Steel-Cutting Technologies
Ship Recycling Portal
Patent Analysis
Methodology
Analysis

Chapter 5 Market Segment Analysis

Segmentation Breakdown
Key Highlights
Market Analysis by Vessel Type
General Cargo Ships
Bulk Carriers
Container Ships
Oil Tankers
Other Vessels
Market Analysis by Vessel Size
Below 60,000 DWT
60,000 DWT to 125,000 DWT
Above 125,000 DWT
Market Analysis by Methods
Beaching
Dry-Docking
Alongside/Pier-Breaking
Other Methods
Market Breakdown by Country
Key Takeaways
Bangladesh
India
Pakistan
Turkey
Rest of World (RoW)

Chapter 6 Competitive Intelligence

Industry Structure

Recent Developments

Chapter 7 Sustainability in Ship Recycling Industry: ESG Perspective

Importance of ESG in the Ship Recycling Industry
Environmental Issues
Social Issues
Governance Issues
Concluding Remarks from BCC

Chapter 8 Appendix

Methodology
Methodology Steps
Sources
Abbreviations
Company Profiles
ALANG SOSIYA SHIP RECYCLING YARD
DORTEL GEMI SOKUM
EMR USA HOLDINGS INC.
KSRM STEEL PLANT LTD.
LEELA WORLDWIDE GROUP
LEYAL GEMI SOKUM
MARINE METALS
MRC PORT COLBORNE
OSM THOME
PRIYA BLUE INDUSTRIES
R.L. KALTHIA SHIP BREAKING PVT. LTD.
SALASAR BALAJI SHIP BREAKERS PVT. LTD.
SPOT SHIPPING A.S.
VMS INDUSTRIES LTD.
WIRANA

Product Code: ENV070B

List of Tables

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
Table 11 : Global Market for Recycling General Cargo Ships, by Country, Through 2030
Table 12 : Global Market for Recycling Bulk Carriers, by Country, Through 2030
Table 13 : Global Market for Recycling Container Ships, by Country, Through 2030
Table 14 : Global Market for Recycling Oil Tankers, by Country, Through 2030
Table 15 : Global Market for Recycling Other Vessels, by Country, Through 2030
Table 16 : Global Market for Ship Recycling, by Vessel Size, Through 2030
Table 17 : Global Market for Ship Recycling Below 60,000 DWT Vessel Size, by Country, Through 2030
Table 18 : Global Market for Ship Recycling 60,000 DWT to 125,000 DWT Vessel Size, by Country, Through 2030
Table 19 : Global Market for Ship Recycling Above 125,000 DWT Vessel Size, by Country, Through 2030
Table 20 : Global Market for Ship Recycling, by Methods, Through 2030
Table 21 : Global Market for Ship Recycling by Beaching, by Country, Through 2030
Table 22 : Global Market for Ship Recycling by Dry-Docking, by Country, Through 2030
Table 23 : Global Market for Ship Recycling by Alongside/Pier-Breaking, by Country, Through 2030
Table 24 : Global Market for Ship Recycling by Other Methods, by Country, Through 2030
Table 25 : Global Market of Ship Recycling, by Country, Through 2030
Table 26 : Bangladesh Market for Ship Recycling, by Vessel Type, Through 2030
Table 27 : Bangladesh Market for Ship Recycling, by Vessel Size, Through 2030
Table 28 : Bangladesh Market for Ship Recycling, by Methods, Through 2030
Table 29 : Indian Market for Ship Recycling, by Vessel Type, Through 2030
Table 30 : Indian Market for Ship Recycling, by Vessel Size, Through 2030
Table 31 : Indian Market for Ship Recycling, by Methods, Through 2030
Table 32 : Pakistan Market for Ship Recycling, by Vessel Type, Through 2030
Table 33 : Pakistan Market for Ship Recycling, by Vessel Size, Through 2030
Table 34 : Pakistan Market for Ship Recycling, by Methods, Through 2030
Table 35 : Turkish Market for Ship Recycling, by Vessel Type, Through 2030
Table 36 : Turkish Market for Ship Recycling, by Vessel Size, Through 2030
Table 37 : Turkish Market for Ship Recycling, by Methods, Through 2030
Table 38 : Major Ship Recycling Facilities in Europe
Table 39 : RoW Market for Ship Recycling, by Vessel Type, Through 2030
Table 40 : RoW Market for Ship Recycling, by Vessel Size, Through 2030
Table 41 : RoW Market for Ship Recycling, by Methods, Through 2030
Table 42 : Top Ship Recycling Yards, by Country
Table 43 : Key Developments in the Ship Recycling Industry, 2023-2025
Table 44 : Report Sources
Table 45 : Abbreviations Used in the Ship Recycling Market Report
Table 46 : Alang Sosiya Ship Recycling Yard: Company Snapshot
Table 47 : Alang Sosiya Ship Recycling Yard: Product Portfolio
Table 48 : Alang Sosiya Ship Recycling Yard: News/Key Development, 2023
Table 49 : Dortel Gemi Sokum: Company Snapshot
Table 50 : Dortel Gemi Sokum: Product Portfolio
Table 51 : EMR USA Holdings Inc.: Company Snapshot
Table 52 : EMR USA Holdings Inc.: Product Portfolio
Table 53 : KSRM Steel Plant Ltd.: Company Snapshot
Table 54 : KSRM Steel Plant Ltd.: Product Portfolio
Table 55 : Leela Worldwide Group: Company Snapshot
Table 56 : Leela Worldwide Group: Product Portfolio
Table 57 : Leela Worldwide Group: News/Key Developments, 2023
Table 58 : Leyal Gemi Sokum: Company Snapshot
Table 59 : Leyal Gemi Sokum: Product Portfolio
Table 60 : Marine Metals: Company Snapshot
Table 61 : Marine Metals: Product Portfolio
Table 62 : Marine Metals: News/Key Developments, 2024 and 2025
Table 63 : MRC Port Colborne: Company Snapshot
Table 64 : MRC Port Colborne: Product Portfolio
Table 65 : OSM Thome: Company Snapshot
Table 66 : OSM Thome: Product Portfolio
Table 67 : OSM Thome: News/Key Development, 2023
Table 68 : Priya Blue Industries: Company Snapshot
Table 69 : Priya Blue Industries: Product Portfolio
Table 70 : Priya Blue Industries: News/Key Development, 2024
Table 71 : R.L. Kalthia Ship Breaking Pvt. Ltd.: Company Snapshot
Table 72 : R.L. Kalthia Ship Breaking Pvt. Ltd.: Product Portfolio
Table 73 : Salasar Balaji Ship Breakers Pvt. Ltd.: Company Snapshot
Table 74 : Salasar Balaji Ship Breakers Pvt. Ltd.: Product Portfolio
Table 75 : Spot Shipping A.S.: Company Snapshot
Table 76 : Spot Shipping A.S.: Product Portfolio
Table 77 : VMS Industries Ltd.: Company Snapshot
Table 78 : VMS Industries Ltd.: Financial Performance, FY 2022 and 2023
Table 79 : VMS Industries Ltd.: Product Portfolio
Table 80 : Wirana: Company Snapshot
Table 81 : Wirana: Product Portfolio

List of Figures

Summary Figure : Global Market Shares of Ship Recycling, by Country, 2024
Figure 1 : Ship Decommissioning Process
Figure 2 : Stakeholders Involved in the Scrap Process
Figure 3 : Market Dynamics of Ship Recycling
Figure 4 : Worldwide Crude Steel Production, 2020-2024
Figure 5 : Global Market Shares of Steel Applications, by Sector, 2023
Figure 6 : Average Lifespan of World Fleet, 2024
Figure 7 : Annual Ship Recycling Volumes, 2020-2023
Figure 8 : Patents in Ship Recycling, by Year Issued, January 2023-April 2025
Figure 9 : Global Market Shares of Ship Recycling, by Vessel Type, 2024
Figure 10 : Global Market Shares of Ship Recycling, by Vessel Type, 2030
Figure 11 : Global Market Shares of Recycling General Cargo Ships, by Country, 2024
Figure 12 : Global Market Shares of Recycling General Cargo Ships, by Country, 2030
Figure 13 : Global Market Shares of Recycling Bulk Carriers, by Country, 2024
Figure 14 : Global Market Shares of Recycling Bulk Carriers, by Country, 2030
Figure 15 : Global Market Shares of Recycling Container Ships, by Country, 2024
Figure 16 : Global Market Shares of Recycling Container Ships, by Country, 2030
Figure 17 : Global Market Shares of Recycling Oil Tankers, by Country, 2024
Figure 18 : Global Market Shares of Recycling Oil Tankers, by Country, 2030
Figure 19 : Global Market Shares of Recycling Other Vessels, by Country, 2024
Figure 20 : Global Market Shares of Recycling Other Vessels, by Country, 2030
Figure 21 : Global Market Shares of Ship Recycling, by Vessel Size, 2024
Figure 22 : Global Market Shares of Ship Recycling, by Vessel Size, 2030
Figure 23 : Global Market Shares of Ship Recycling Below 60,000 DWT Vessel Size, by Country, 2024
Figure 24 : Global Market Shares of Ship Recycling Below 60,000 DWT Vessel Size, by Country, 2030
Figure 25 : Global Market Shares of Ship Recycling 60,000 DWT to 125,000 DWT Vessel Size, by Country, 2024
Figure 26 : Global Market Shares of Ship Recycling 60,000 DWT to 125,000 DWT Vessel Size, by Country, 2030
Figure 27 : Global Market Shares of Ship Recycling Above 125,000 DWT Vessel Size, by Country, 2024
Figure 28 : Global Market Shares of Ship Recycling Above 125,000 DWT Vessel Size, by Country, 2030
Figure 29 : Global Market Shares of Ship Recycling, by Methods, 2024
Figure 30 : Global Market Shares of Ship Recycling, by Methods, 2030
Figure 31 : Global Market Shares of Ship Recycling by Beaching, by Country, 2024
Figure 32 : Global Market Shares of Ship Recycling by Beaching, by Country, 2030
Figure 33 : Global Market Shares of Ship Recycling by Dry-Docking, by Country, 2024
Figure 34 : Global Market Shares of Ship Recycling by Dry-Docking, by Country, 2030
Figure 35 : Global Market Shares of Ship Recycling by Alongside/Pier-Breaking Method, by Country, 2024
Figure 36 : Global Market Shares of Ship Recycling by Alongside/Pier-Breaking Method, by Country, 2030
Figure 37 : Global Market Shares of Ship Recycling by Other Methods, by Country, 2024
Figure 38 : Global Market Shares of Ship Recycling by Other Methods, by Country, 2030
Figure 39 : Global Market Shares of Ship Recycling, by Country, 2024
Figure 40 : Global Market Shares of Ship Recycling, by Country, 2030
Figure 41 : Bangladesh Market Shares of Ship Recycling, by Vessel Type, 2024
Figure 42 : Bangladesh Market Shares of Ship Recycling, by Vessel Type, 2030
Figure 43 : Bangladesh Market Shares of Ship Recycling, by Vessel Size, 2024
Figure 44 : Bangladesh Market Shares of Ship Recycling, by Vessel Size, 2030
Figure 45 : Bangladesh Market Shares of Ship Recycling, by Methods, 2024
Figure 46 : Bangladesh Market Shares of Ship Recycling, by Methods, 2030
Figure 47 : Indian Market Shares of Ship Recycling, by Vessel Type, 2024
Figure 48 : Indian Market Shares of Ship Recycling, by Vessel Type, 2030
Figure 49 : Indian Market Shares of Ship Recycling, by Vessel Size, 2024
Figure 50 : Indian Market Shares of Ship Recycling, by Vessel Size, 2030
Figure 51 : Indian Market Shares of Ship Recycling, by Methods, 2024
Figure 52 : Indian Market Shares of Ship Recycling, by Methods, 2030
Figure 53 : Pakistan Market Shares of Ship Recycling, by Vessel Type, 2024
Figure 54 : Pakistan Market Shares of Ship Recycling, by Vessel Type, 2030
Figure 55 : Pakistan Market Shares of Ship Recycling, by Vessel Size, 2024
Figure 56 : Pakistan Market Shares of Ship Recycling, by Vessel Size, 2030
Figure 57 : Pakistan Market Shares of Ship Recycling, by Methods, 2024
Figure 58 : Pakistan Market Shares of Ship Recycling, by Methods, 2030
Figure 59 : Turkish Market Shares of Ship Recycling, by Vessel Type, 2024
Figure 60 : Turkish Market Shares of Ship Recycling, by Vessel Type, 2030
Figure 61 : Turkish Market Shares of Ship Recycling, by Vessel Size, 2024
Figure 62 : Turkish Market Shares of Ship Recycling, by Vessel Size, 2030
Figure 63 : Turkish Market Shares of Ship Recycling, by Methods, 2024
Figure 64 : Turkish Market Shares of Ship Recycling, by Methods, 2030
Figure 65 : RoW Market Shares of Ship Recycling, by Vessel Type, 2024
Figure 66 : RoW Market Shares of Ship Recycling, by Vessel Type, 2030
Figure 67 : RoW Market Shares of Ship Recycling, by Vessel Size, 2024
Figure 68 : RoW Market Shares of Ship Recycling, by Vessel Size, 2030
Figure 69 : RoW Market Shares of Ship Recycling, by Methods, 2024
Figure 70 : RoW Market Shares of Ship Recycling, by Methods, 2030
Figure 71 : ESG Overview of Ship Recycling Market
Figure 72 : Research Methodology: Top-Down Approach
Figure 73 : VMS Industries Ltd.: Revenue Share, by Business Unit, FY 2023

Global Ship Recycling Market

Description

Table of Contents

List of Tables

Report Scope

Report Includes

Table of Contents

Chapter 1 Executive Summary

Chapter 2 Market Overview

Chapter 3 Market Dynamics

Chapter 4 Emerging Technologies and Developments

Chapter 5 Market Segment Analysis

Chapter 6 Competitive Intelligence

Chapter 7 Sustainability in Ship Recycling Industry: ESG Perspective

Chapter 8 Appendix

List of Tables

List of Figures