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.Recycled Aluminum by Segment
The study includes a forecast for the global recycled aluminum by scrap type, end use, and region.Recycled Aluminum Market by Scrap Type [Shipment Analysis by Value from 2018 to 2030]
- Wire Scrap
- Extrusion Scrap
- Sheet Scrap
- Turnings and Borings
- Others
Recycled Aluminum Market by End Use [Shipment Analysis by Value from 2018 to 2030]
- Building and Construction
- Automotive
- Electronics
- Others
Recycled Aluminum Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
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-- COHEN
- STEINERT Global
- Novelis
- REAL ALLOY
- Kuusakoski oy
- GAL Aluminium Extrusions
- jain resource recycling
- Stena Aluminium
- Constellium
- Norsk Hydro
Recycled Aluminum Market Insights
The publisher 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:
- COHEN
- STEINERT Global
- Novelis
- REAL ALLOY
- Kuusakoski oy
- GAL Aluminium Extrusions
- jain resource recycling
- Stena Aluminium
- Constellium
- Norsk Hydro
Answer: The publisher 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,the publisher 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 recycled aluminum market by scrap type (wire scrap, extrusion scrap, sheet scrap, turnings and borings, and others), end use (building and construction, automotive, electronics, 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?
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Table of Contents
1. Executive Summary
2. Global Recycled Aluminum Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- COHEN
- STEINERT Global
- Novelis
- REAL ALLOY
- Kuusakoski oy
- GAL Aluminium Extrusions
- jain resource recycling
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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