PUBLISHER: Lucintel | PRODUCT CODE: 1418177
PUBLISHER: Lucintel | PRODUCT CODE: 1418177
Recycled Aluminum Trends and Forecast
The future of the global recycled aluminum market looks promising with opportunities in the building and construction, automotive, and electronics markets. The global recycled aluminum market is expected to reach an estimated $7.9 billion by 2030 with a CAGR of 8.4% from 2024 to 2030. The major drivers for this market are increased government spending on the building and construction sector, growing demand from automotive and transportation industry, as well as, rising disposable income and technological advancement.
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Recycled Aluminum by Segment
The study includes a forecast for the global recycled aluminum by scrap type, end use, and region.
List of Recycled Aluminum Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies recycled aluminum companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the recycled aluminum companies profiled in this report include-
Recycled Aluminum Market Insights
Lucintel forecasts that wire scrap will remain the largest segment over the forecast period because it is used extensively in various applications, including electrical wiring, building construction, and automotive components that leads to a readily available supply of wire scrap for recycling.
APAC will remain the largest region over the forecast period due to the rise of building and construction, transportation, and chemical industry that enhanced the performance of recycled aluminum in the region.
Features of the Global Recycled Aluminum Market
Market Size Estimates: Recycled aluminum market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Recycled aluminum market size by scrap type, end use, and region in terms of value ($B).
Regional Analysis: Recycled aluminum market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different scrap type, end use, and regions for the recycled aluminum market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the recycled aluminum market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the recycled aluminum market size?
Answer: The global recycled aluminum market is expected to reach an estimated $7.9 billion by 2030.
Q2. What is the growth forecast for recycled aluminum market?
Answer: The global recycled aluminum market is expected to grow with a CAGR of 8.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the recycled aluminum market?
Answer: The major drivers for this market are increased government spending on the building and construction sector, growing demand from automotive and transportation industry, as well as, rising disposable income and technological advancement.
Q4. What are the major segments for recycled aluminum market?
Answer: The future of the global recycled aluminum market looks promising with opportunities in the building and construction, automotive, and electronics markets.
Q5. Who are the key recycled aluminum market companies?
Answer: Some of the key recycled aluminum companies are as follows.
Q6. Which recycled aluminum market segment will be the largest in future?
Answer: Lucintel forecasts that wire scrap will remain the largest segment over the forecast period because it is used extensively in various applications, including electrical wiring, building construction, and automotive components that leads to a readily available supply of wire scrap for recycling.
Q7. In recycled aluminum 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 the rise of building and construction, transportation, and chemical industry that enhanced the performance of recycled aluminum in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.