Recycled Aluminum Market Set for Strong Growth to USD 100.8 Billion by 2031, Led by Asia Pacific's 50% Global Market Share | DataM Intelligence

The Global Recycled Aluminum Market reached USD 48.7 billion in 2022 and is expected to reach USD 100.8 billion by 2031, growing at a strong CAGR of 7.7% during 2024-2031.

Market growth is driven by rising emphasis on sustainability and circular economy practices, increasing demand for low-carbon aluminum from automotive and packaging industries, and significant energy savings achieved through aluminum recycling. Additionally, stringent environmental regulations, expanding use of recycled aluminum in construction and transportation, and growing investments in recycling infrastructure are further supporting market expansion.

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United States: Key Industry Developments
✅ November 2025: Novelis expanded its recycled aluminum production facility in Bay Minette, Alabama, increasing capacity by 20% to supply sustainable sheet for beverage cans, driven by demand from major bottlers for lower-carbon materials.

✅ October 2025: Constellium launched a new high-recycled-content aluminum alloy for automotive extrusions at its Ravenswood plant, achieving 80% recycled input to support EV lightweighting goals.

✅ September 2025: Alcoa introduced an upgraded smelter technology in Warrick, Indiana, boosting secondary aluminum processing efficiency by 15% with advanced sorting systems for scrp inputs.

Asia Pacific / Japan: Key Industry Developments
✅ November 2025: Daiki Aluminium Industry Co. debuted a new high-purity recycled aluminum product line from automotive scrp, targeting EV battery casings with over 95% recycling rate in its Japanese facilities.

✅ October 2025: HANWA Corporation announced expanded scrp collection networks in Japan, integrating AI sorting for premium recycled aluminum used in packaging, aligning with national circular economy targets.

✅ August 2025: China's State Council approved subsidies for recycled aluminum projects in Guangdong, enabling Hindalco's joint venture to launch a 500,000-tonne capacity plant focused on construction-grade alloys.

Key Merges and Acquisitions(2025):
✅ Emirates Global Aluminium (EGA) solidified its global recycling footprint by acquiring a majority stake in Spectro Alloys, a U.S.-based aluminum recycler, enhancing production across four continents.

✅ ArcelorMittal advanced its sustainability goals in the recycled metals space through the acquisition of Johnrie Metals, a U.S. firm specializing in processed scrp, to boost scrp steel usage and cut emissions.

✅ Industry leaders like Novelis and Norsk Hydro pursued strategic expansions, including partnerships and capacity investments in aluminum recycling, amid a wave of M&A activity supporting circular economy principles.

Market Segmentation Analysis:
-By Type: Old scrp Leads with Dominant Share
Old scrp holds 68% market share as of 2024, sourced from end-of-life products like vehicles and buildings, offering high purity for remelting.
New scrp accounts for 32%, generated from manufacturing trimmings and rejects, valued for its cleanliness but lower volume.
Old scrp drives growth due to rising e-waste and automotive recycling mandates.

-By scrp: Extrusion scrp Commands Largest Portion
Extrusion scrp leads at 42% share, derived from profiles used in construction and transport, prized for low alloy content.
Wire scrp takes 22%, from electrical cabling, gaining from electrification trends.
Sheet scrp holds 25%, from packaging and panels, while others (turnings, borings) make up 11%, supporting diverse alloys.
Extrusion scrp benefits from abundant supply in building booms.

-By End-User: Building & Construction Tops Demand
Building & construction dominates with 35% share, fueled by sustainable infrastructure using lightweight profiles.
Automotive follows at 28%, prioritizing recycled content for EVs amid emission rules.
Electronics claims 12%, machinery & equipment 10%, food & beverages 8%, others 7%, with automotive accelerating via OEM targets.

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Growth Drivers:

-Environmental Regulations
Stringent global policies promote recycling and reduce waste, mandating higher use of recycled materials over primary aluminum. These regulations lower environmental impact and make recycled aluminum economically viable. Governments incentivize through EPR schemes and recycling targets.

-Cost and Energy Savings
Recycling aluminum uses 95% less energy than primary production, slashing costs for manufacturers. Rising prices of virgin aluminum amplify this advantage, boosting adoption. Lower production expenses enhance competitiveness across sectors.

-Automotive Demand
Lightweighting for fuel efficiency and electric vehicles drives recycled aluminum use in components. EV growth accelerates this trend as automakers prioritize sustainable materials. The sector accounts for a significant share of demand.

-Construction Expansion
Urbanization and green building initiatives fuel demand for sustainable materials in infrastructure. Recycled aluminum supports eco-friendly projects with reduced carbon footprints. Revival of stalled projects further propels growth.

-Technological Advances
Improvements in sorting, purification, and closed-loop systems enhance recycled aluminum quality. These innovations expand applications in packaging and beyond. Investments in R&D ensure reliable supply and higher usability.

Regional Insights:
-Asia Pacific currently holds the largest share of the overall aluminum recycling market,for roughly 40-60% of global recycled/aluminum recycling demand and revenue, led by China, India, Japan, and South Korea. This dominance is driven by rapid industrialization, strong automotive and construction sectors, and policies in China that cap primary aluminum capacity and push smelters toward scrp-based production, which structurally increases the use of recycled aluminum in the region.

-Europe typically ranks second, with a substantial but clearly lower share than Asia Pacific, often cited in the broad range of about one‐quarter of global aluminum recycling volumes and value, supported by mature collection systems and strict circular‐economy and decarbonization regulations. The EU's strong recycling infrastructure, high recovery rates from packaging and automotive sectors, and regulatory push for low‐carbon materials all help Europe maintain a significant share of the recycled aluminum market despite slower overall demand growth than Asia.

-North America generally comes third in market share, with estimates commonly placing it in the mid‐teens to around one‐fifth of global aluminum recycling activity, reflecting a large but more mature market centered on the U.S. and Canada. Strong beverage can recycling, a sizable automotive casting base, and growing sustainability commitments from brand owners support solid demand, but total share remains below Asia Pacific and Europe due to comparatively slower industrial expansion and differing policy intensity around circular economy measures.

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Key Players:
Constellium | COHEN | GAL Aluminum Extrusions Pvt. Ltd. | Jain Resource Recycling Pvt. Ltd. | Kuusakoski Oy | Norsk Hydro ASA | Novelis Inc. | Real Alloy | STEINERT Global | Stena Aluminum

Key Highlights (Top 5 Key Players) for Recycled Aluminum Market:
-Novelis Inc. reported net sales of $17.1 billion in fiscal year 2025, with 63% recycled content in products and recycling 2.3 million metric tons of aluminium scrp annually.

-Norsk Hydro ASA leads in sustainable aluminum production, focusing on recycled alloys for automotive and construction, contributing significantly to the market's projected growth to $100.8 billion by 2031.

-Constellium generated strong revenues from high-recycled-content extrusions, emphasizing low-carbon solutions amid rising demand in Europe and North America.

-Stena Aluminum specializes in scrp processing, supporting circular economy initiatives with advanced sorting technologies for beverage cans and industrial waste.

-Real Alloy advances secondary aluminum smelting, recycling over millions of tons yearly to supply foundries, bolstering the sector's 7.7% CAGR through 2031.

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