Aluminum Recycling Market Growth, Size, Trends, Revenue, Share, Challenges and Future Outlook
Aluminum Recycling Market- By Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: CHEM2415 | Pages: 1 - 227 | Formats*: |
| Category : Chemical & Materials | |||
Aluminum Recycling Market Introduction and Overview
According to SPER Market Research, the Global Aluminum Recycling Market is estimated to reach USD XX billion by 2033 with a CAGR of 6.09%.
The report includes an in-depth analysis of the Global Aluminum Recycling Market, including market size and trends, product mix, applications, and supplier analysis. Aluminum that has already been used is called recycled aluminum; it is then processed and made into new goods. Because it uses less energy and natural resources, it is a sustainable and environmentally responsible choice. Reducing greenhouse gas emissions and fighting climate change are more benefits of recycling aluminum. Producing it uses less energy than producing primary aluminum. Aluminum recycling contributes to waste reduction in landfills and natural resource conservation. Moreover, continuous recycling of aluminum can create a closed loop circular economy in which the metal retains its qualities and can be recycled eternally.
- December 2023: The Company’s extremely low carbon footprint aluminum is quickly becoming a necessary product for businesses that emphasize sustainability goals in their supply chains. Rusal announced ambitions to begin using primary aluminum with the lowest carbon footprint in the world.
- August 2023: Sims Metal revealed intentions to buy the assets of Baltimore Scrap Corp (BSC), a metal recycler with headquarters in the United States, and its related companies. The transaction will be paid US$ 177 million in total consideration, plus working capital and other adjustments that will be decided at close.
Market Opportunities and Challenges
Demand for environmentally friendly products, the resumption of halted infrastructure projects, and technological advancements in recycled aluminum technology are anticipated to present profitable prospects for market growth. Manufacturers in the recycled aluminum market are devoting a significant amount of their earnings to research and development in order to create innovative materials. In order to increase their influence on the worldwide market, players often engage in strategic alliances.
The infrastructure in place for collection and recycling might affect the supply of recycled aluminum. A scarcity of recovered aluminum might impede market expansion because of inadequate collection networks, few recycling facilities, and uneven recycling rates. Moreover, paints, coatings, and other elements could be contaminants or impurities in recovered aluminum. These impurities may have an adverse effect on recycled aluminum's performance and quality, which may reduce its appeal for some uses. Contamination removal and sorting can be an expensive and difficult operation, which reduces the market's potential for overall growth.
Market Competitive Landscape
The tactics they employ to create new technologies, invest in R&D, enhance product quality, make acquisitions and mergers, and fight for market share in the expanding aluminum recycling industry aid in maintaining their standing and worth in the industry. In addition, market share holds by major firms and joint ventures with other businesses drive the aluminum recycling industry.The major players in the Global Aluminum Recycling Market include: Amag Austria Metall AG, Arfin India Ltd. , Aurubis AG , Chalco Aluminum Corporation, Commercial Metals Company, Fervent Global LLP , Kuusakoski Recycling, Matalco Inc , Real Alloy, Sims Metal Management Ltd.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By End User |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Amag Austria Metall AG , Arfin India Ltd. , Aurubis AG , Chalco Aluminum Corporation, Commercial Metals Company, Fervent Global LLP , Kuusakoski Recycling, Matalco Inc , Real Alloy, Sims Metal Management Ltd. |
COVID-19 Impact on Global Aluminum Recycling Market
Global supply systems, which include the gathering and processing of aluminum scrap, were disrupted by the COVID-19 pandemic. Movement limitations and lockout protocols impacted scrap gathering efforts, resulting in a decrease in the supply of recovered aluminum feedstock. The market for recycled aluminum was directly impacted by this supply chain interruption. However, industrial activity and the market for goods containing aluminum started to increase as economies started to recover from the pandemic's effects and reopen. The recycled aluminum industry has revived in part due to this economic rebound. The pandemic also served as a reminder of how crucial environmental stewardship and sustainability are.
Key Target Audience:
- Automotive Industries
- Aerospace and Defence Industries
- Building and construction Industries
- Electrical and electronics Industries
- Packaging Industries
Our in-depth analysis of the Aluminum Recycling Market includes the following segments:
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| By End User: |
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| By Region: |
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Key Topics Covered in the Report:
- Global Aluminum Recycling Market Size (FY’2023-FY’2033)
- Overview of Global Aluminum Recycling Market
- Segmentation of Global Aluminum Recycling Market By Type (casting alloys, extrusion, sheet, and other types).
- Segmentation of Global Aluminum Recycling Market By End User (automotive, aerospace and defense, building and construction, electrical and electronics, packaging, and other end-user industries)
- Statistical Snap of Global Aluminum Recycling Market
- Expansion Analysis of Global Aluminum Recycling Market
- Problems and Obstacles in Global Aluminum Recycling Market
- Competitive Landscape in the Global Aluminum Recycling Market
- Impact of COVID-19 and Demonetization on Global Aluminum Recycling Market
- Details on Current Investment in Global Aluminum Recycling Market
- Competitive Analysis of Global Aluminum Recycling Market
- Prominent Players in the Global Aluminum Recycling Market
- SWOT Analysis of Global Aluminum Recycling Market
- Global Aluminum Recycling Market Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Aluminum Recycling Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Aluminum Recycling Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Aluminum Recycling Market
7. Global Aluminum Recycling Market, By Type (USD Million)
7.1. Global Aluminum Recycling Market Value Share and Forecast, By Type, 2023-20337.2. Casting Alloys7.3. Extrusion7.4. Sheet7.5. Other types
8. Global Aluminum Recycling Market, By End User (USD Million)
8.1. Global Aluminum Recycling Market Size Value Share and Forecast, By End User, 2023-20338.2. Aerospace and defence8.3. Automotive8.4. Building and construction8.5. Electrical and electronics8.6. Other end-user industries8.7. Packaging
9. Global Aluminum Recycling Market, Forecast, 2019-2033 (USD Million)
9.1. Global Aluminum Recycling Market Size and Market Share
10. Global Aluminum Recycling Market, By Type 2019-2033 (USD Million)
10.1. Global Aluminum Recycling Market Size and Market Share, By Type (2019-2026)10.2. Global Aluminum Recycling Market Size and Market Share, By Type (2027-2033)
11. Global Aluminum Recycling Market , By End User 2019-2033 (USD Million)
11.1. Global Aluminum Recycling Market Size and Market Share, By End User (2019-2026)11.2. Global Aluminum Recycling Market Size and Market Share, By End User (2027-2033
12. Global Aluminum Recycling Market, By Region, 2019-2033 (USD Million)
12.1. Global Aluminum Recycling Market Size and Market Share, By Region (2019-2026)12.2. Global Aluminum Recycling Market Size and Market Share, By Region (2027-2033)12.3. Asia-Pacific12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific12.4. Europe12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe12.5. Middle East and Africa12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa12.6. North America12.6.1. Canada12.6.2. Mexico12.6.3. United States12.7. Latin America12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. Amag Austria Metall AG13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Arfin India Ltd13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Aurubis AG13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Chalco Aluminum Corporation13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Commercial Metals Company13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Fervent Global LLP13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Kuusakoski Recycling13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Matalco Inc13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Real Alloy13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Sims Metal Management Ltd.13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Aluminum Recycling Market is projected to reach USD XX billion by 2033, growing at a CAGR of 6.09% during the forecast period.
Aluminum Recycling Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 6.09% during the forecast period.
Aluminum Recycling Market CAGR of 6.09% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Aluminum Recycling Market size is XX billion from 2023 to 2033.
"Aluminum Recycling Market Segment is covered By Type, By End User. "
The North America is anticipated to have the highest market share in the Aluminum Recycling Market.
"The key players in the market include Companies Covered Amag Austria Metall AG , Arfin India Ltd. , Aurubis AG , Chalco Aluminum Corporation, Commercial Metals Company, Fervent Global LLP , Kuusakoski Recycling, Matalco Inc , Real Alloy, Sims Metal Management Ltd."
Aluminum that has already been used is called recycled aluminum; it is then processed and made into new goods. Because it uses less energy and natural resources.
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