Global Aluminium Recycling Market Growth 2024-2030
Aluminium Recycling, valued at US$ 122.93 billion in 2023, is forecasted to remain at US$ 123.29 billion by 2030, with a 0.0% CAGR during the review period.
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According to Publisher’s latest study, the global Aluminium Recycling market size was valued at US$ 122930 million in 2023. With the growing demand in the downstream market, Aluminium Recycling is forecast to a readjusted size of US$ 123290 million by 2030 with a CAGR of 0.0% during the review period.
The research report highlights the growth potential of the global Aluminium Recycling market. Aluminium Recycling is expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Aluminium Recycling. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Aluminium Recycling market.
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Aluminium recycling is the process by which scrap aluminium can be reused in products after its initial production. The process involves simply re-melting the metal, which is far less expensive and energy-intensive than creating new aluminium through the electrolysis of aluminium oxide (Al2O3), which must first be mined from bauxite ore and then refined using the Bayer process. Global key players in aluminium recycling include Novelis, Norsk Hydro, UACJ, etc. The top three players hold a share of about 21%. Asia Pacific is the largest market, has a share of about 47%, followed by the Americas and Europe, with a share of 25% and 21%, separately.
Key Features:
The report on the Aluminium Recycling market reflects various aspects and provides valuable insights into the industry.
Market Size and Growth: The research report provides an overview of the current size and growth of the Aluminium Recycling market. It may include historical data, market segmentation by Type (e.g., Aluminium Ingot, Aluminium Flat Rolled Products), and regional breakdowns.
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Manmayi Raval
Research Consultant
Market Drivers: Many technical innovations have been used in scrap metal recycling yards recently to help with waste processing and sorting. This technology was implemented to manage the rising complexity of objects such as electronics and materials in the trash stream, as well as to speed up manually sorting things. The objective has been to increase the amount of recycled material while processing it more quickly. All things considered; better scrap sorting can help companies produce cleaner batches of material for additional processing. Nowadays, sorting machines and sensors handle a large portion of the labour that was formerly done by hand. Scrap metal recycling yards have included numerous technological innovations in the past few years to facilitate the processing and sorting of garbage. The adoption of this technology was motivated by the desire to expedite the human sorting process and address the dynamic complexity of goods such as electronics and the materials in the trash stream. Enhancing the amount of recycled material and expediting the processing have been the objectives. All things considered, better scrap sorting can help companies generate cleaner batches of material for additional processing. Nowadays, sensors and sorting machines handle a large portion of the labour that was previously done by hand.
Challenges- Environmental Issues with Aluminium Recycling Limit Market Expansion. The recycling of scrap aluminium is linked to several environmental issues, which pose the biggest obstacles to the market for recycled aluminium scrap. These are a few issues brought on by recycling aluminium. The least amount of energy is needed to recycle aluminium to make new aluminium from bauxite. The regulations governing the disposal of trash vary throughout nations. As a result, these elements are the main barriers to the market for recycling aluminium scrap.
Technological Developments: The research report can delve into the latest technological developments in the Aluminium Recycling industry. This includes advancements in Aluminium Recycling technology, Aluminium Recycling new entrants, Aluminium Recycling new investments, and other innovations that are shaping the future of Aluminium Recycling.
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Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Aluminium Recycling market. It includes factors influencing customers' purchasing decisions, and preferences for Aluminium Recycling products.
Government Policies and Incentives: The research report analyses the impact of government policies and incentives on the Aluminium Recycling market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting the Aluminium Recycling market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assesses the environmental impact and sustainability aspects of the Aluminium Recycling market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provides market forecasts and outlook for the Aluminium Recycling industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recent developments- Emphasis on High-Quality Recycled Aluminium: To achieve strict performance requirements in applications such as automotive and aerospace components, manufacturers are placing an increasing emphasis on high-quality recycled aluminium. This is motivating investments in cutting-edge technologies for separation and sorting to guarantee low contamination in the finished product.
The rise of closed-loop recycling systems: Businesses are putting in place closed-loop recycling systems, which gather, treat, and return aluminium scrap produced during production back into the manufacturing process. In doing so, waste is reduced, and resource efficiency is increased.
Blockchain Technology for Transparency: Researchers are investigating new technologies, such as blockchain, to follow recycled aluminium from scrap collection to final product. This encourages ethical sourcing methods by improving supply chain traceability and transparency.
Market Segmentation:
The Aluminium Recycling market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
1. Segmentation by type
• Aluminium Ingot
• Aluminium Flat Rolled Products
• Others
2. Segmentation by application
• Transportation Industry
• Packaging Industry
• Construction Industry
• Electronics Industry
• Others
Regional Insights- The Aluminium Scrap Recycling Market is divided into four regions: America, Europe, Asia-Pacific, Middle East, and Africa. In terms of global market share for aluminium scrap recycling, America leads the world. Because aluminium is being used in more goods, there is a growing demand for recycled aluminium scrap, which also means that more scrap needs to be recycled. For example, the International Aluminium Institute (IAI) has released data on the global recycling of aluminium. Aluminium is one of the most recycled materials on the planet, according to IAI recycling data. Currently, 76% of recycling is done globally. High recycling rates across all regions demonstrate the benefits of aluminium trash for the environment and economy. In comparison to other continents like Europe, where there are over 250 metal recycling facilities, Africa only has about 50. There is essentially no systematic waste diversion mechanism in Nigeria, where it is estimated that just 13% of recyclable materials are reused. With projects focusing on recycling, renewable energy, and sustainable infrastructure, Africa is already experiencing a cleantech revolution. Integrating sustainable infrastructure with regional economic growth will be the main innovation. Capacity expansion in recycling and sustainable systems will become more and more important as the nation's metals industry grows. All the detrimental effects of mining, including deforestation, soil erosion, carbon emissions, animal displacement, biodiversity loss, and air and water pollution, would impede Africa's economic development in the absence of a sustainable plan.
3. Americas
• United States
• Canada
• Mexico
• Brazil
4. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
5. Europe
• Germany
• France
• UK
• Italy
• Russia
6. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape: The research report provides an analysis of the competitive landscape within the Aluminium Recycling market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
• Novelis
• Norsk Hydro
• UACJ
• Constellium
• Hebei Sitong New Metal Material
• Matalco
• Sigma Group
• Chongqing Shunbo Aluminium
• Huajin Aluminium
• Ye Chiu
• Raffmetal
• Kaiser Aluminium
• Zhejiang Wantai Aluminium
• Kobe Steel
• Delta Aluminium Industry
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Aluminium Recycling Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Aluminium Recycling by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Aluminium Recycling by Country/Region, 2019, 2023 & 2030
2.2 Aluminium Recycling Segment by Type
2.2.1 Aluminum Ingot
2.2.2 Aluminium Flat Rolled Products
2.2.3 Others
2.3 Aluminium Recycling Sales by Type
2.3.1 Global Aluminium Recycling Sales Market Share by Type (2019-2024)
2.3.2 Global Aluminium Recycling Revenue and Market Share by Type (2019-2024)
2.3.3 Global Aluminium Recycling Sale Price by Type (2019-2024)
2.4 Aluminium Recycling Segment by Application
2.4.1 Transportation Industry
2.4.2 Packaging Industry
2.4.3 Construction Industry
2.4.4 Electronics Industry
2.4.5 Others
2.5 Aluminium Recycling Sales by Application
2.5.1 Global Aluminium Recycling Sale Market Share by Application (2019-2024)
2.5.2 Global Aluminium Recycling Revenue and Market Share by Application (2019-2024)
2.5.3 Global Aluminium Recycling Sale Price by Application (2019-2024)
3 Global Aluminium Recycling by Company
3.1 Global Aluminium Recycling Breakdown Data by Company
3.1.1 Global Aluminium Recycling Annual Sales by Company (2019-2024)
3.1.2 Global Aluminium Recycling Sales Market Share by Company (2019-2024)
3.2 Global Aluminium Recycling Annual Revenue by Company (2019-2024)
3.2.1 Global Aluminium Recycling Revenue by Company (2019-2024)
3.2.2 Global Aluminium Recycling Revenue Market Share by Company (2019-2024)
3.3 Global Aluminium Recycling Sale Price by Company
3.4 Key Manufacturers Aluminium Recycling Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Aluminium Recycling Product Location Distribution
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