The global aluminum scrap recycling market by end-user (secondary smelting and downstream) and geography (APAC, North America, Europe, MEA, and South America) has been added to Technavio's offering. The global aluminum scrap recycling market is expected to grow by 11,782.76 thousand MT, at a CAGR of over 8% during 2021-2025.
Many automobile manufacturers were forced to shut their operations in 2020 due to the rapid spread of COVID-19. This hampered the supply and demand for aluminum products. However, the automotive industry witnessed an increase in sales in the third quarter of 2020 with the removal of lockdown restrictions and the inclination of people for public transportation and ride-sharing. All these factors will have a positive impact on the growth of the aluminum scrap recycling market during the forecast period.
The market is expected to be driven by factors such as the energy and environmental factors, increasing use of aluminum in the automobile industry, and increased adoption and construction of green buildings.
Aluminum Scrap Recycling Market: Opportunities The growing focus on fuel efficiency and reducing the overall weight of vehicles have increased the consumption of aluminum in the automobile industry. Also, the market has been witnessing a significant rise in the rate of aluminum cans. For instance, nearly 50% of the aluminum produced in Europe is obtained from the recycling of scrap. These factors are expected to create several opportunities for vendors during the forecast period.
Aluminum Scrap Recycling Market: Segmentation by End-user Based on the segmentation by end-user, the market generated maximum revenue in the secondary smelting segment in 2020. The segment is driven by the increasing demand for recycled aluminum from the construction industry. The market growth in the region will be significant during the forecast period.
Aluminum Scrap Recycling Market: Segmentation by Geography APAC held the largest market share in 2020 and the market growth in the region is expected to be faster compared to the growth of the market in other regions. The growth of the market in APAC can be attributed to the growth in the construction and automobile industries in the region. Also, the increasing import of aluminum scrap in countries such as Hong Kong, Thailand, South Korea, Japan, and Malaysia is contributing to the growth of the aluminum scrap recycling market in APAC.
One of the fortune 500 companies had used the detailed research report on the aluminum scrap recycling market and had decided to increase their market share in the APAC region which offers the highest market opportunities during the forecast period.
Alcoa Corp. The company offers aluminum scrap recycling such as aluminum smelting and casting along with the majority of the energy assets.
Constellium SE The company offers aluminum scrap recycling to reduce the need for primary aluminum, and therefore minimizes waste, avoids resource depletion, and lowers greenhouse gas emissions across a product life cycle.
Hindalco Industries Ltd. The company offers aluminum scrap recycling consist of bauxite mining, alumina refining, smelting, and converting primary metal into value-added products.
Matalco Inc. The company offers aluminum scrap recycling of high-quality homogenized 6000 series aluminum billets, logs for the aluminum extrusion, and forging manufacturing industries using world-class remelt technology.
Real Alloy The company offers aluminum scrap recycling and by-products into reusable aluminum metal for a growing number of applications across various industries.
Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the aluminum scrap recycling market report:
Further breakdown of the market segmentation at requested regions.
Market Player Information
Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
Know the strategies adopted by vendors during the COVID-19 Recovery Phase.
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Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by End-user
Comparison by End-user
Secondary smelting - Market size and forecast 2020-2025
Downstream - Market size and forecast 2020-2025
Market opportunity by End-user
APAC - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
Hindalco Industries Ltd.
Kuusakoski Group Oy
Metal Exchange Corp.
Norton Aluminium Ltd.
Rio Tinto Ltd.
Sims Metal Management Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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