Aluminum Recycling Market to Reach US$91.3 Billion by 2032 | CAGR 6.2% | North America Leads with 30% Share | Key Players: Novelis, Norsk Hydro, Constellium, ArcelorMittal, UACJ, Real Alloy, Sigma Metals, Tri-Arrows Aluminium

Market Overview

The global aluminum recycling market reached USD 54.5 billion in 2023, growing to USD 57.2 billion in 2024, and is projected to reach USD 91.3 billion by 2032, reflecting a CAGR of 6.2% during the forecast period from 2025 to 2032. The market growth is being driven by increasing environmental awareness, stricter regulatory frameworks promoting sustainability, and the cost-efficiency of secondary aluminum compared to primary aluminum. Aluminum's ability to be recycled 100% without losing its inherent properties has made recycling a strategic priority across industries such as automotive, construction, packaging, and electronics. Globally, over 75% of all aluminum ever produced remains in use today, highlighting its potential in a circular economy. Countries with mature recycling infrastructures, such as Germany and Japan, have achieved remarkable recycling rates, with Japan recycling over 90% of aluminum cans due to strong public awareness and supportive policies. Leading companies, including TOMRA Sorting Solutions, are deploying automated systems to ensure the purity of recycled aluminum, enabling its use in high-value applications such as aerospace and electronics.

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Recent Developments:

✅ November 2025: Century Recycling announced a US$50 million investment to build a new aluminum recycling facility in South Texas, expanding capacity in North America and creating new skilled jobs.

✅ October 2025: Advanced sorting and processing technologies such as AI‐enabled vision systems and XRF sorting were being adopted globally, increasing purity and recovery rates of recycled aluminum.

✅ September 2025: In North America, Emirates Global Aluminium expanded an aluminum recycling facility in Minnesota, enhancing secondary billet production by 55,000 tonnes annually.

✅ September 2024: Hydro opened a new aluminum recycling plant in Szekesfehervar, Hungary, with an annual capacity of 90,000 tonnes, primarily serving the automotive market.

Mergers & Acquisitions

✅ June 2025: Fagor Ederlan acquired a 51% stake in Regen Aluminum, a U.S. recycled aluminum producer, to enhance sustainability and circular economy integration in North America.

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Key Players:

• Novelis Inc. - A leading player in aluminum recycling, specializing in high-quality sheet and beverage can production, leveraging advanced recycling technologies.

• Norsk Hydro ASA - Engaged in integrated aluminum recycling operations across Europe and the Americas, focusing on automotive and industrial applications.

• Constellium SE - Provides innovative aluminum solutions, including recycled alloys for aerospace, automotive, and packaging sectors.

• UACJ Corporation - Manufactures and recycles aluminum sheets and foils, with operations in Asia and Europe targeting automotive and packaging markets.

• Real Alloy - Specializes in secondary aluminum production and remelting services, offering alloys for automotive, aerospace, and industrial markets.

• Sigma Metals - Focused on sustainable aluminum recycling, supplying low-carbon aluminum for construction and packaging applications.

• Tri-Arrows Aluminium Inc. - Provides recycled aluminum products and alloys for automotive, electronics, and packaging industries in Asia and globally.

• Matalco Inc. - Produces aluminum ingots and recycled alloys for automotive, construction, and packaging applications.

• Aurubis AG - Engaged in high-quality aluminum recycling and production of specialty alloys for industrial and engineering applications.

Market Segmentation:

➥By Source, industrial sources dominate the market with a 50% share, driven by machinery, and automotive industries, which provide a steady and high-quality supply of recyclable aluminum. Municipal sources account for 30%, including post-consumer aluminum such as beverage cans, packaging, and household waste. Commercial sources contribute 20%, primarily from offices, retail facilities

➥By Aluminum Type, sheet aluminum leads with a 35% share, widely used in automotive, aerospace, and packaging applications due to its lightweight and high strength. Cast aluminum holds 25%, primarily used in engine components and heavy machinery. Alloys account for 20%, offering improved mechanical properties for specialized industrial and construction applications. Wire and other aluminum forms contribute the remaining 20%, used across electrical, electronics, and specialty engineering sectors.

➥By End-User, automotive and machinery & equipment are the largest segments, holding 30% and 25% shares respectively, as these industries extensively use recycled aluminum in vehicle frames, engine parts, and industrial machines. Building & construction contributes 15%, using recycled aluminum for panels, windows, and roofing materials. Electrical & electronics account for 10%, utilizing aluminum in wiring and electronic components. Packaging represents 10%, with cans and foils made from recycled aluminum. Aerospace occupies 5%, leveraging lightweight, high-strength aluminum alloys, and other end-users make up the remaining 5%.

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Regional Insights:

Europe accounts for 28% of the market, supported by stringent environmental regulations, high aluminum consumption, and advanced recycling technologies in countries like Germany, France, and the Netherlands. Mature collection systems and incentives for sustainable practices fuel the growth of recycled aluminum in construction, automotive, and electrical sectors.

Asia-Pacific contributes around 25%, driven by rapid industrialization, growing automotive production, and government initiatives to promote sustainability in countries like Japan, China, and South Korea. Increasing investments in recycling facilities and adoption of low-carbon aluminum solutions further accelerate regional growth.

Latin America holds 10%, supported by rising industrial activity, expanding aluminum consumption, and investments in recycling infrastructure in countries like Brazil and Mexico.

Market Dynamics:

Rising Sustainability Mandates and Climate Goals
The global aluminum recycling market is being driven by increasing sustainability mandates and climate-focused initiatives. With governments and corporations aiming for net-zero carbon targets, aluminum recycling has become a strategic priority to reduce carbon footprints and promote a circular economy. For example, European Aluminum launched its Circular Aluminum Action Plan in April 2020, aiming to maximize recycling rates of end-of-life aluminum products by 2030. This initiative aligns with the industry's Vision 2050, providing policy recommendations and strategies to ensure that aluminum remains in active use, thereby fostering growth in the recycling market.

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