Dublin, Feb. 11, 2025 (GLOBE NEWSWIRE) — The “Aluminum Scrap Recycling – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Aluminum Scrap Recycling was sized at 38 Million Metric Tonnes in 2024 and is projected to reach 57 Million Metric Tonnes by 2030, growing at a CAGR of 7.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Aluminum scrap recycling is essential for sustainability due to its significant environmental and economic advantages. Recycling aluminum conserves natural resources by using substantially less energy than producing new aluminum from bauxite ore, thereby reducing greenhouse gas emissions and minimizing the environmental impact of mining and refining activities.
Moreover, aluminum retains its properties indefinitely when recycled, making it an ideal material for sustainable use across various industries, including automotive, construction, and packaging. By reprocessing aluminum scrap, industries contribute to a circular economy, enhance resource efficiency, and reduce their carbon footprint, supporting broader sustainable development goals.
What Factors Are Driving the Expansion of the Aluminum Scrap Recycling Market?
The growth in the aluminum scrap recycling market is driven by several factors, including technological advancements, expanding end-use applications, and evolving regulatory standards. Technological innovations in sorting, melting, and refining processes have greatly enhanced the efficiency and quality of recycled aluminum, making it more competitive with primary aluminum. Expanding applications in the automotive, construction, and packaging industries are increasing demand for recycled aluminum due to its cost-effectiveness and sustainability benefits.
Evolving regulatory standards focused on reducing environmental impact and promoting recycling are further driving market growth, with governments and industries prioritizing sustainable practices. Strategic partnerships between recycling companies and manufacturing industries are fostering innovation and expanding market reach. Additionally, growing consumer awareness and demand for eco-friendly products are encouraging companies to adopt recycled aluminum, ensuring robust market growth in the coming years.
How Are Innovations Transforming Aluminum Scrap Recycling?
Innovations in technology are revolutionizing the aluminum scrap recycling industry, making processes more efficient and effective. Advanced sorting technologies such as eddy current separators, laser-induced breakdown spectroscopy (LIBS), and automated robotic systems enhance the accuracy of identifying and separating different types of aluminum scrap. These technologies ensure the high purity of recycled aluminum, meeting the quality standards necessary for diverse applications.
Additionally, advancements in melting and refining techniques, including rotary and reverberatory furnaces, have increased energy efficiency and yield. The integration of data analytics and artificial intelligence further optimizes the recycling supply chain, from collection to processing, reducing operational costs and boosting productivity.
Which Trends Are Increasing the Demand for Aluminum Scrap Recycling?
Several significant trends are driving the growing demand for aluminum scrap recycling across industries. The heightened focus on sustainability and the circular economy has led to increased efforts to recycle and reuse materials to mitigate waste and environmental impact. The automotive industry is particularly driving demand for recycled aluminum due to its lightweight properties, which enhance fuel efficiency and lower emissions in vehicles.
Similarly, the construction sector is increasingly using recycled aluminum for its strength and durability. The packaging industry’s shift towards sustainable materials has also boosted the use of recycled aluminum in beverage cans, food containers, and other packaging solutions. Regulatory policies aimed at reducing landfill waste and encouraging recycling initiatives are further accelerating the adoption of aluminum scrap recycling.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Glencore PLC, Guidetti Srl, Hindalco Industries Limited, Kuusakoski Oy, Redoma Recycling AB and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Secondary Smelting End-Use segment, which is expected to reach 40 Million Metric Tonnes by 2030 with a CAGR of a 7.3%. The Downstream End-Use segment is also set to grow at 6.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at 10 Million Metric Tonnes in 2024, and China, forecasted to grow at an impressive 10.4% CAGR to reach 14 Million Metric Tonnes by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 192 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value in 2024 | 38 Million Metric Tonnes |
| Forecasted Market Value by 2030 | 57 Million Metric Tonnes |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Aluminum Scrap Recycling – Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
MARKET TRENDS & DRIVERS
- Rising Emphasis on Sustainability and Circular Economy Propels Growth in Aluminum Scrap Recycling
- Innovations in Sorting and Processing Strengthen Business Case for Aluminum Scrap Recycling
- Increasing Demand from Automotive Industry Expands Addressable Market Opportunity
- Here’s How Advanced Melting Techniques Spur Efficiency in Aluminum Scrap Recycling
- Growth in Construction Sector Drives Adoption of Recycled Aluminum
- Regulatory Policies on Waste Reduction and Recycling Throw Spotlight on Aluminum Scrap Recycling
- Expanding Use in Packaging Industry Accelerates Demand for Recycled Aluminum
- Growth in Renewable Energy Projects Expands Addressable Market for Aluminum Scrap Recycling
- Increasing Investments in Recycling Facilities Spur Market Expansion
- Advances in Robotics and Automation Sustain Growth in Aluminum Scrap Recycling
- Trends Towards Reducing Carbon Footprint Drive Adoption of Aluminum Scrap Recycling
FOCUS ON SELECT PLAYERS:Some of the 38 major companies featured in this report
- Glencore PLC
- Guidetti Srl
- Hindalco Industries Limited
- Kuusakoski Oy
- Redoma Recycling AB
- Sims Metal Management Ltd.
- TOMRA Systems ASA
For more information about this report visit https://www.researchandmarkets.com/r/alsvg5
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- Aluminum Scrap Recycling Market
