Global Aluminum Scrap Recycling Market 2024-2028
The aluminum scrap recycling market is forecasted to grow by USD 4350.9 mn during 2023-2028, accelerating at a CAGR of 11.37% during the forecast period. The report on the aluminum scrap recycling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing concerns over energy consumption and environmental pollution, increasing use of aluminum in automobile industry, and increased adoption and construction of green buildings.
Technavio's aluminum scrap recycling market is segmented as below:
By End-user
By Type
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the introduction of libs and solid-state recycling in aluminum scrap recycling as one of the prime reasons driving the aluminum scrap recycling market growth during the next few years. Also, advancements in furnaces used for aluminum scrap recycling and increasing awareness of circular economy model will lead to sizable demand in the market.
The report on the aluminum scrap recycling market covers the following areas:
- Aluminum scrap recycling market sizing
- Aluminum scrap recycling market forecast
- Aluminum scrap recycling market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aluminum scrap recycling market vendors that include Alcoa Corp., CASS Inc., Chiho Renewable Development Ltd., Commercial Metals Co., Constellium SE, Crestwood Metal Corp., European Metal Recycling Ltd., Hindalco Industries Ltd., Koch Enterprises Inc., Kuusakoski Oy, Metal Exchange Corp., Norsk Hydro ASA, Nucor Corp., Real Alloy, RETHMANN SE and Co. KG, Rio Tinto Ltd., Sims Ltd., Steel Dynamics Inc., Triple M Metal LP, and Ye Chiu Metal Recycling China Ltd.. Also, the aluminum scrap recycling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.