Recycled Aluminum Industry Project Sector to hit US$ 100.8 billion by 2031: Outlook in GCC and MENA, Growth Drivers, Key Players & Investment Opportunities

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.

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New Projects - GCC Developments

✅ UAE's EGA is building the region's largest aluminum recycling plant with 170,000 tons annual billet capacity, processing post-consumer scraap to produce low-carbon aluminum branded as RevivAL, with commissioning expected by 2026.

✅ Saudi Arabia and Qatar are investing in secondary aluminum production and green energy integration in aluminum smelting and recycling to support Vision 2030 and National Development Strategy sustainability goals.

✅ Rising industrial scraap collection initiatives and infrastructure improvements in GCC countries aim to increase domestic recycled aluminum availability reducing import dependence.

Developments - MENA Region

✅ Middle East & Africa recycled aluminum market is growing around 3.5% CAGR with revenue about USD 33.5 billion in 2024, driven by rising demand from construction, automotive, and packaging sectors across urbanizing MENA countries.​

✅ Morocco has commissioned its first dedicated aluminum scraap refinery leveraging low-cost solar energy, positioning it as a regional player in sustainable secondary aluminum production.​

✅ The market embraces sustainability trends with increased adoption of recycled content mandates and eco-labeling schemes from manufacturers and governments in the region.

Key Players:

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.

Latest M&A

Fagor Ederlan Group acquired majority stake in Regen Aluminum, a Pennsylvania-based recycled aluminum ingot manufacturer, strengthening sustainability credentials and supply in North America, with potential GCC export synergies.

Emirates Global Aluminium (EGA) acquired Minnesota-based Spectro Alloys for $80 million to ramp up recycled aluminum production and meet growing demand regionally and globally.

Industry consolidation continues as recyclers and producers align with global sustainability trends, investing in closed-loop recycling and circularity initiatives driven by OEMs and regulations.

Growth Forecast Projection:

The Global Recycled Aluminium Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, 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 Aluminium 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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Key Segmentation:

By Type: (New Scraap, Old Scraap)

By Scraap: (Wire Scraap, Extrusion Scraap, Sheet Scraap, Others)

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

Regional Analysis for Market:

⇥ 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:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Recycled Aluminium producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Recycled Aluminium revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: How fast Recycled Aluminium Market Growing?

A: The Recycled Aluminium Market stood at US$ 48.7 billion in 2022 and is set to experience remarkable growth, reaching US$ 100.8 billion by 2031

Q2: How fast is the Recycled Aluminium Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 7.7% from 2025 to 2032

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