Press release
Global Aluminum Scrap Recycling Market Will Hit At CAGR Of 7.59% During Years 2017-2021
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Aluminum scrap recycling refers to the process by which aluminum scrap is recycled for reuse in applications and products. The process of recycling of aluminum scrap involves remelting of aluminum scrap to produce secondary aluminum. Aluminum is the second most abundant element available in the Earth's crust after silicon. It is being produced for over a century for commercial uses. Aluminum weighs about a third as much as steel or copper and facilitates malleability and ductility. It can also be easily cast and machined. The metal also demonstrates high corrosion resistance property and has proved as an essential element in almost all sectors of the economy globally. Some of the crucial applications of aluminum include railcars, marine vessels, airplanes, trucks, consumer durables, machinery, and packaging.
Technavios analysts forecast the global Aluminum Scrap Recycling market to grow at a CAGR of 7.59% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global aluminum scrap recycling market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price for the product.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Aluminum Scrap Recycling Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
China Metal recycling
Glencore
Hindalco Industries
KuusaKoski
Sims Metal Management
Other prominent vendors
Guidetti
REDOMA Recycling
TOMRA Sorting Solutions
Market driver
Energy and environmental factors
For a full, detailed list, view our report
Market challenge
Decrease in recycling rate of used beverage cans
For a full, detailed list, view our report
Market trend
Technological advances: LIBS and solid state recycling
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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