NEW YORK, United States, November 11, 2022 (GLOBE NEWSWIRE) — According to a research report published by Spherical Insights & Consulting, The Global Aluminum scrap recycling market is valued at USD 5.6 billion in 2021 and is expected to reach USD 25.12 billion by 2030, growing at a CAGR of 8.16% between 2021 and 2030.
key insight
- Aluminum scrap recycling market is growing at a CAGR of 8.16% from 2021 to 2030.
- global Aluminum scrap recycling market Expected to reach US$25.12 billion by 2030
- North America is expected to grow the fastest during the forecast period
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Recycling is one of the key properties of aluminum and a key factor in its continued use due to its far-reaching economic, ecological and social impacts. More than half of all aluminum produced in the European Union (EU-25) comes from recycled raw materials, and this trend is expected to continue. With high end-use demand and a shortage of domestic primary aluminum production in this part of the world, Europe is committed to maximizing scrap collection and developing the most resource efficient scrap handling and melting processes. have a great interest inDue to increasing energy constraints in the region, efficient Aluminum recycling will expand further in the futureRegardless of legislative or political initiatives, the high inherent value of aluminum scrap has always been the main driver for recycling.
However, in addition to the obvious economic aspects, increased environmental concerns and increased social responsibility, especially over the last decade, have boosted recycling activities. Because recycling uses only 5% of the energy required for primary aluminum production. The main advantages such as saving energy and less environmental impact are The aluminum recycling market is expected to grow during the forecast period.
High emissions associated with primary aluminum are reduced by switching to secondary or recycled aluminum production. The areas of automation and packaging offer the best chances for recovering aluminum scrap. Aluminum is known for its near-infinite recyclability and is generally great for reducing waste. but also provide an opportunity to reduce emissions within the industry. To fill the aluminum emissions technology gap to accelerate the significant decarbonization of direct emissions, a new report from the Aluminum Climate Initiative highlights the need for breakthrough technologies to reduce direct emissions in aluminum manufacturing. I am emphasizing.
Browse 220 pages of key industry insights with the report’s 119 market data tables and charts and graphs. Global Aluminum Scrap Recycling Market Size, Share and Trends, COVID-19 Impact Analysis Report, By Aluminum Scrap Types (Cast Aluminum, Aluminum Cans, Aluminum Sheets, etc.), By Category (New Scrap, Old Scrap), By Application (Buildings) & Construction, Automotive, Electronics, Machinery & Equipment Packaging & Others), and by Regions (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa), Analysis & Forecast 2021 – 2030 Detailed with table of contents https://www.sphericalinsights.com/reports/aluminum-scrap-recycling-market
But when it comes to decarbonizing the aluminum business, production emissions are only one factor in the problem. To significantly reduce demand for high-carbon primary aluminum, the industry needs to become more circular. Global demand for aluminum will grow by more than 80% by 2050, according to the International Aluminum Association (IAI). About 90% of current aluminum emissions come from primary production. Secondary or recycled aluminum, on the other hand, consumes only 5% of the energy required for its initial production.
Additionally, after the COVID-19 pandemic, Global aluminum demand will increase of 40 percent. Additional production of 33.3 million tons is required. This means that metal production will improve from 86.2 million tons in 2020 to 119.5 million tons by 2030. million tons.
Reporting scope
| Reporting metrics | detail |
| Market size in 2030 | US$25.12 billion |
| CAGR | 8.16% (2020-2030) |
| historical data | 2019-2020 |
| base year | 2021 |
| Forecast period | 2022-2030 |
| Forecast unit | Value (USD Billion) |
| Target segment | Types, types, uses, and regions of aluminum scrap |
| report coverage | Drivers, Earnings Forecasts, Competitive Landscape, Growth Factors, Trends |
| Target area | North America, Europe, Asia Pacific, Latin America, Middle East, Africa, Rest of World |
| Key Companies/Vendors Profiled | Sims Metal Management Kuusakoski Recycling DOWA Holdings Co., Ltd. ArcelorMittal SA REAL ALLOY Commercial Metals Company Aurubis AGS TRIMET Aluminum Nupur Recyclers Arfin India Ltd. |
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Market segment
The study projects global, regional and country revenues from 2019 to 2030. Aluminum scrap recycling market Based on the following segments:
Aluminum scrap recycling market By type of aluminum scrap
- cast aluminum
- Aluminum cans
- sheet aluminum
Aluminum scrap recycling market By category
Aluminum scrap recycling market by application
- Architecture/Construction
- Automobile
- electronics
- Machinery and equipment packaging
North America and Europe 5.1 million tons and 4.8 million tons respectively. Therefore, with the increasing growth of aluminum applications, the recycling demand for aluminum scrap will increase in the forecast period. Moreover, after the COVID-19 pandemic, the aluminum scrap recycling market will be achieved by the government. Therefore, the aluminum scrap recycling market is experiencing significant growth during fiscal year 2021 or he COVID-19 pandemic.
Target area
- North America
- Europe
- Asia Pacific
- latin america
- Middle East and Africa
Aluminum Scrap Recycling Market: Major Players
- Sims Metal Management
- Kusakoski Recycle
- DOWA Holdings Co., Ltd.
- ArcelorMittal SA
- real alloy
- Merchandise Company
- Orbis AGS
- trimet aluminum
- Nupur Recycler
- Alfin India Limited
- Parco Recycle Industry
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market news
- From May 2019 Nucor Corporation has announced a capital investment in its steel bar plant in Darlington, South Carolina. This adds vacuum degassing to the capabilities of engineered steel bars. The addition of this capability will enable factories to produce engineered bar products that meet some of the strictest quality specifications in the industry. The vacuum degassing system is scheduled to enter service in the second half of 2020.
- From May 2019 Aurubis AG acquires the Belgian-Spanish Metallo Group in order to pursue its multi-metal and recycling strategy more aggressively. With attractive growth potential, the acquisition strengthens the company’s multi-metal portfolio, particularly in the key metals copper, nickel, tin, zinc and lead.
See related research report.
Global Aluminum Composite Panel Market SizeShare, and COVID-19 Impact Analysis, By Product (Polyvinylidene Difluoride, Polyester, Laminate Coating, Oxide Film, Others), By Application (Building & Construction, Automotive, Billboard, Railway, etc.): By Region (United States, Canada, Mexico, Rest of North America, United Kingdom, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Other Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Other Middle East and Africa, Brazil, Argentina, Latin America rest) – Global Insights, Growth, Size, Comparative Analysis, Trends & Forecasts, 2021-2030
Scale of global aluminum scrap recycling market, Shares & Trends, COVID-19 Impact Analysis Report, By Aluminum Scrap Type (Cast Aluminum, Aluminum Cans, Aluminum Sheets, etc.), By Category (New Scrap, Old Scrap), By Application (Building & Construction, Automotive, Electronics, Machinery ) & Equipment Packaging and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030
Global Aluminum Caps & Closures Market Size, Share & Trends, COVID-19 Impact Analysis Report, By Product Type (Roll-On Anti-Theft Caps, Easy Open End Lids, Non-Refillable Closures), End-Use Sectors (Beverages, Pharmaceuticals, Food, Home & Personal Care): Region By (United States, Canada, Mexico, Rest of North America, United Kingdom, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, Netherlands, Luxembourg), Rest of Europe , China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East and Africa, Brazil, Argentina, Latin America rest) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecasts, 2021-2030
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