Aluminium Recycling Market
Aluminium Recycling Market Size, Share & Trends Analysis Report by Aluminium Scrap Type (Cast Aluminium, Aluminium Cans, Sheet Aluminium), by Application (Building & Construction, Automotive, Electronics, Machinery & Equipment Packaging), and by End-User (Casting, Downstream), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Aluminium Recycling market is anticipated to grow at a CAGR of 7.0% during the forecast period (2023-2030). Recycling aluminium is the method by which leftover scrap metal can be utilised in new products. The energy needed to produce new aluminium from raw ore uses only 5% of that needed to recycle discarded metal. The two main reasons anticipated to drive market expansion are an increase in the use of aluminium in the vehicle industry and an increase in the adoption of aluminium recycling procedures. For recycling businesses, the primary source of aluminium scraps is building demolition. For Instance, in March 2023, Glencore collaborated with the scrap dealer Zeb Metals to promote the recycling of aluminium dross and scrap at a brand-new facility in South Carolina, USA. Two rotating furnaces will be included for recycling industrial scrap and aluminium dross for local use.
Segmental Outlook
The global aluminium recycling market is segmented on the aluminium scarp type, application, and end users. Based on the aluminium scarp type, the market is segmented into cast aluminium, aluminium cans, and sheet aluminium. Based on application the market is segmented into Building & construction, automotive, electronics, machinery & equipment packaging. Furthermore, on the basis of end users the market is segmented into casting and downstream. Among the end users, the downstream sub-segment is anticipated to hold a considerable share of the market owing to the rise in the development of engaging and innovative technologies in aluminium recycling.
The Machinery & Equipment Packaging Sub-Segment is Anticipated to Hold a Considerable Share of the Global Aluminium Recycling Market
Among the application, the machinery & equipment packaging sub-segment is expected to hold a considerable share of the global aluminium recycling market. Aluminium is one of the most desired basic metals in machinery structures because of its light weight, toughness, resistance to corrosion, and thermal impact. Compared to many other metals, aluminium is simpler to process. It chips easily, making it simple for CNC machine operators to quickly and precisely produce complex parts. higher resistance to corrosion When exposed to air or other oxidizing agents, aluminium produces a thin, hard coating of oxide (aluminium oxide). For Instance, in October 2022, Hindalco-developed all-aluminum freight train rakes were introduced by the Union Minister for Railways. The aluminum rakes were created with the intention of modernizing freight transportation and enabling significant carbon savings for Indian Railways. They are 180 tonnes lighter than existing steel rakes, have a payload capacity of 5–10% more, use less energy, and cause relatively little wear and tear to rails and rolling stock.
Regional Outlook
The global aluminium recycling market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to the high concentration of the market solution vendors including Novelis Inc., Real Alloy, Norsk Hydro ASA, Constellium SE and others.
The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global Aluminium Recycling Market
Among all regions, the Asia-Pacific region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to economic developments and technological enhancements. Countries including India and China are the most populous countries across the globe making them countries with the highest aluminium recycling. In nations like China, India, and Japan, among others, industries like automotive, electronics, building and construction, aerospace and defence, etc., are expanding. The International Aluminium Institute estimates that China recycled 12,771 metric kilotons of aluminium in 2021, making it the global largest market for the material.
In the Asia-Pacific region, aluminium recycling is done by scrap aluminium that can be reused in products after its initial production. Only 5% of the energy needed to produce new aluminium from raw ore is consumed in the recycling of scrap aluminium. Recycling aluminium saves up to 26% on CO2 emissions and uses about 90% less energy than generating new aluminium from raw ore. Scrap aluminium is often 20–30% less expensive since it is frequently available from broken-down cars, used beverage containers, and other products. The demand for recycled aluminium is growing as a result of the increasing number of automobiles being produced in the Asia-Pacific area and the growing use of recycled aluminium in electric vehicles due to its many benefits.
Market Players Outlook
The major companies serving the aluminium recycling market include Dowa Holdings Co., Ltd. ArcelorMittal S.A., REAL ALLOY, Commercial Metals Company, Aurubis AG, TRIMET Aluminium SE, Nupur Recyclers, Arfin India Ltd. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. The Aluminum Recycling Coalition aims to encourage UAE citizens to recycle aluminium, especially beverage cans, as daily decisions about which bin to use are made by millions of people. For Instance in January 2023, The UAE's industrial enterprise outside the oil and gas sector, Emirates Global Aluminum, along with top beverage, can, and waste management companies announced the formation of the Aluminum Recycling Coalition, which intends to significantly increase aluminium recycling in the country.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global aluminium recycling market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Novelis Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Real Alloy
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Norsk Hydro ASA
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Aluminum Recycling Market by Aluminum Scrap Type
4.1.1. Cast Aluminum
4.1.2. Aluminum Cans
4.1.3. Sheet Aluminum
4.2. Global Aluminum Recycling Market by Application
4.2.1. Building & Construction
4.2.2. Automotive
4.2.3. Electronics
4.2.4. Machinery & Equipment Packaging
4.3. Global Aluminum Recycling Market by End-Users
4.3.1. Casting
4.3.2. Downstream
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AMAG Austria Metall AG
6.2. ArcelorMittal S.A.
6.3. Arfin India Ltd.
6.4. Aurubis AG
6.5. Chalco
6.6. China Hongqiao Group Ltd.
6.7. Commericial Metal Company
6.8. Dowa Holdings Co., Ltd.
6.9. Fervent Global LLP
6.10. Matalco Inc.
6.11. Nupur Recyclers
6.12. Palco Recycle Industries
6.13. REAL ALLOY
6.14. Sims Metal Management
6.15. TRIMET Aluminium SE
1. GLOBAL ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY ALUMINUM SCRAP TYPE, 2022-2030 ($ MILLION)
2. GLOBAL CAST ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL ALUMINUM CANS RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
4. GLOBAL ALUMINUM SHEET RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
5. GLOBAL ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
6. GLOBAL BUILDING & CONSTRUCTION ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL AUTOMOTIVE ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL ELECTRONIC ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL MACHINERY & EQUIPMENT ALUMINUM PACKAGING RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
11. GLOBAL ALUMINUM CASTING RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
12. GLOBAL ALUMINUM DOWNSTREAM RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
13. GLOBAL ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. NORTH AMERICAN ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
15. NORTH AMERICAN ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY ALUMINUM SCRAP TYPE, 2022-2030 ($ MILLION)
16. NORTH AMERICAN ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
17. NORTH AMERICAN ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY END0-USERS, 2022-2030 ($ MILLION)
18. EUROPEAN ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
19. EUROPEAN ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY ALUMINUM SCRAP TYPE, 2022-2030 ($ MILLION)
20. EUROPEAN ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
21. EUROPEAN ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
22. ASIA- PACIFIC ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. ASIA- PACIFIC ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY ALUMINUM SCRAP TYPE, 2022-2030 ($ MILLION)
24. ASIA- PACIFIC ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
25. ASIA- PACIFIC ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY END USERS, 2022-2030 ($ MILLION)
26. REST OF THE WORLD ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
27. REST OF THE WORLD ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY ALUMINUM SCRAP TYPE, 2022-2030 ($ MILLION)
28. REST OF THE WORLD ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
29. REST OF THE WORLD ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY END USERS, 2022-2030 ($ MILLION)
1. GLOBAL ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY ALUMINUM SCRAP TYPE, 2022 VS 2030 (%)
2. GLOBAL CAST ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
3. GLOBAL ALUMINUM CANS RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
4. GLOBAL ALUMINUM SHEET RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
5. GLOBAL ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022 VS 2030 (%)
6. GLOBAL BUILDING & CONSTRUCTION ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
7. GLOBAL AUTOMOTIVE ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
8. GLOBAL ELECTRONIC ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
9. GLOBAL MACHINERY & EQUIPMENT ALUMINUM PACKAGING RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
10. GLOBAL ALUMINUM RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022 VS 2030 (%)
11. GLOBAL ALUMINUM CASTING RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022 VS 2030 (%)
12. GLOBAL ALUMINUM DOWNSTREAM RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022 VS 2030 (%)
13. GLOBAL ALUMINUM RECYCLING MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. US ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
15. CANADA ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
16. UK ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
17. FRANCE ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
18. GERMANY ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
19. ITALY ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
20. SPAIN ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
21. REST OF EUROPE ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
22. INDIA ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
23. CHINA ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
24. JAPAN ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
25. SOUTH KOREA ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF ASIA-PACIFIC ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
27. REST OF THE WORLD ALUMINUM RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
