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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.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
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
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:
• COHEN
• STEINERT Global
• Novelis
• REAL ALLOY
• Kuusakoski oy
• GAL Aluminium Extrusions
• jain resource recycling
• Stena Aluminium
• Constellium
• Norsk Hydro
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.
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?
For any questions related to Recycled Aluminum Market, Recycled Aluminum Market Size, Recycled Aluminum Market Growth, Recycled Aluminum Market Analysis, Recycled Aluminum Market Report, Recycled Aluminum Market Share, Recycled Aluminum Market Trends, Recycled Aluminum Market Forecast, Recycled Aluminum Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Recycled Aluminum Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Recycled Aluminum Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Recycled Aluminum Market by Scrap Type
3.3.1: Wire Scrap
3.3.2: Extrusion Scrap
3.3.3: Sheet Scrap
3.3.4: Turnings and Borings
3.3.5: Others
3.4: Global Recycled Aluminum Market by End Use
3.4.1: Building and Construction
3.4.2: Automotive
3.4.3: Electronics
3.4.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Recycled Aluminum Market by Region
4.2: North American Recycled Aluminum Market
4.2.2: North American Recycled Aluminum Market by End Use: Building and Construction, Automotive, Electronics, and Others
4.3: European Recycled Aluminum Market
4.3.1: European Recycled Aluminum Market by Scrap Type: Wire Scrap, Extrusion Scrap, Sheet Scrap, Turnings and Borings, and Others
4.3.2: European Recycled Aluminum Market by End Use: Building and Construction, Automotive, Electronics, and Others
4.4: APAC Recycled Aluminum Market
4.4.1: APAC Recycled Aluminum Market by Scrap Type: Wire Scrap, Extrusion Scrap, Sheet Scrap, Turnings and Borings, and Others
4.4.2: APAC Recycled Aluminum Market by End Use: Building and Construction, Automotive, Electronics, and Others
4.5: ROW Recycled Aluminum Market
4.5.1: ROW Recycled Aluminum Market by Scrap Type: Wire Scrap, Extrusion Scrap, Sheet Scrap, Turnings and Borings, and Others
4.5.2: ROW Recycled Aluminum Market by End Use: Building and Construction, Automotive, Electronics, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Recycled Aluminum Market by Scrap Type
6.1.2: Growth Opportunities for the Global Recycled Aluminum Market by End Use
6.1.3: Growth Opportunities for the Global Recycled Aluminum Market by Region
6.2: Emerging Trends in the Global Recycled Aluminum Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Recycled Aluminum Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Recycled Aluminum Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: COHEN
7.2: STEINERT Global
7.3: Novelis
7.4: REAL ALLOY
7.5: Kuusakoski oy
7.6: GAL Aluminium Extrusions
7.7: jain resource recycling
7.8: Stena Aluminium
7.9: Constellium
7.10: Norsk Hydro
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's 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 this 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 Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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