Aluminum Scrap Recycling Market Report: Trends, Forecast and Competitive Analysis to 2030

Aluminum Scrap Recycling Trends and Forecast

The future of the global aluminum scrap recycling market looks promising with opportunities in the building & construction, automotive, electronics, machinery & equipment packaging, and consumer appliance markets. The global aluminum scrap recycling market is expected to reach an estimated $8.7 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are growing use of aluminum in the automobile industry,rising demand for steel coupled with urbanization & industrialization in emerging economies, as well as, increasing environmental concerns about the quicker depletion of natural resources.

A more than 150-page report is developed to help in your business decisions.

Aluminum Scrap Recycling by Segment

The study includes a forecast for the global aluminum scrap recycling by type, product, end use, and region.

Aluminum Scrap Recycling Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Old Scrap
• New Scrap

Aluminum Scrap Recycling Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Aluminum Foil Scrap
• Aluminum Ingot Scrap
• Others

Aluminum Scrap Recycling Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Building & Construction
• Automotive
• Electronics
• Machinery & Equipment Packaging
• Consumer Appliances
• Others

Aluminum Scrap Recycling Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Aluminum Scrap Recycling Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aluminum scrap recycling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aluminum scrap recycling companies profiled in this report include-

• Alcoa
• CASS
• Chiho Renewable Development
• Commercial Metals
• Constellium
• Crestwood Metal
• European Metal Recycling
• Hindalco Industries
• Koch Enterprises
• Kuusakoski Oy

Aluminum Scrap Recycling Market Insights

Lucintel forecasts that old scrap is expected to witness the higher growth over the forecast period because it represents a vast amount of accumulated aluminum waste from various sources, creating a readily available supply.

APAC will remain the largest region over the forecast period due to growth in construction and automobile industries, rising disposable income and demand for beverage cans and foils in the region.

Features of the Global Aluminum Scrap Recycling Market

Market Size Estimates: Aluminum scrap recycling market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Aluminum scrap recycling market size by type, product, end use, and region in terms of value ($B).

Regional Analysis: Aluminum scrap recycling market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, product, end use, and regions for the aluminum scrap recycling market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aluminum scrap recycling market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the aluminum scrap recycling market size?

Answer: The global aluminum scrap recycling market is expected to reach an estimated $8.7 billion by 2030.

Q2. What is the growth forecast for aluminum scrap recycling market?

Answer: The global aluminum scrap recycling market is expected to grow with a CAGR of 7.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the aluminum scrap recycling market?

Answer: The major drivers for this market are growing use of aluminum in the automobile industry,rising demand for steel coupled with urbanization & industrialization in emerging economies, as well as, increasing environmental concerns about the quicker depletion of natural resources.

Q4. What are the major segments for aluminum scrap recycling market?

Answer: The future of the global aluminum scrap recycling market looks promising with opportunities in the building & construction, automotive, electronics, machinery & equipment packaging, and consumer appliance markets.

Q5. Who are the key aluminum scrap recycling market companies?

Answer: Some of the key aluminum scrap recycling companies are as follows.

• Alcoa
• CASS
• Chiho Renewable Development
• Commercial Metals
• Constellium
• Crestwood Metal
• European Metal Recycling
• Hindalco Industries
• Koch Enterprises
• Kuusakoski Oy

Q6. Which aluminum scrap recycling market segment will be the largest in future?

Answer: Lucintel forecasts that old scrap is expected to witness the higher growth over the forecast period because it represents a vast amount of accumulated aluminum waste from various sources, creating a readily available supply.

Q7. In aluminum scrap recycling market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growth in construction and automobile industries, rising disposable income and demand for beverage cans and foils in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the aluminum scrap recycling market by type (old scrap and new scrap), product (aluminum foil scrap, aluminum ingot scrap, and others), end use (building & construction, automotive, electronics, machinery & equipment packaging, consumer appliances, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?