Top Companies Leading the Recycled Aluminum Industry To Reach US$ 100.8Bn By 2031 | Companies - Novelis Inc., Kuusakoski oy, Norsk Hydro ASA, GAL Aluminum Extrusions Pvt. Ltd., Constellium

Global Recycled Aluminum Market reached US$ 48.7 billion in 2022 and is expected to reach US$ 100.8 billion by 2031, growing with a CAGR of 7.7% during the forecast period 2024-2031.

Recycled Aluminum Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Recycled aluminum is aluminum that has been reprocessed from materials, such as used cans, automotive parts, or construction waste. It retains the same quality as primary aluminum but requires up to 95% less energy to produce, making it a sustainable and cost-effective option.

List of the Key Players in the Recycled Aluminum Market:

Novelis Inc., Kuusakoski oy, Norsk Hydro ASA, GAL Aluminum Extrusions Pvt. Ltd., Constellium, STEINERT Global, COHEN, Stena Aluminum, Jain Resource Recycling Pvt. Ltd. and Real Alloy

Industry Development:

In February 2023, Kuusakoski Oy, a global recycling company, announced a US$ 27.2 million investment to build a new advanced production line at its Heinola facility in Finland. The expansion aims to enhance recycling efficiency and boost processing capacity for non-ferrous metals, including aluminum.

In January 2023, Emirates Global Aluminum, a leading aluminum producer, launched the Aluminum Recycling Coalition in the UAE. The initiative is focused on transforming aluminum recycling practices across the country.

Growth Forecast Projected:

The Global Recycled Aluminum Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Recycled Aluminum Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Recycled Aluminum Market:

By End-User: Building & Construction, Automotive, Electronics, Machinery & Equipment, Food & Beverages, Others

Regional Analysis for Recycled Aluminum Market:

The regional analysis of the Recycled Aluminum Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Recycled Aluminum market?

➠ Who are the leading manufacturers in the global Recycled Aluminum industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Recycled Aluminum industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Recycled Aluminum market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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