What is Aluminum Scrap Recycling?
Aluminum scrap recycling involves the utilization of scrap aluminum to convert it into reusable metal without altering its properties. The recycling of aluminum generally produces significant cost savings over the production of new aluminum. Scrap parts undergo the stages of sorting, processing, melting, purification, and solidification to be converted into aluminum..
|Unit||Value (USD Million)|
|Key Companies Profiled||Hindalco Novelis (United States), Matalco Inc. (Canada), Real Alloy (United States), Kuusakoski (Finland), Sims Metal Management (United States), Guidetti (Itali), Redoma Recycling (Sweden), Tomra Sorting Solutions (Norway), Nucor Corporation (United States), DOWA HOLDINGS Co., Ltd. (Japan), Commercial Metals Company (United States), Aurubis AG (Germany) and European Metal Recycling (United Kingdom)|
The study covers a detailed analysis segmented by key business segments i.e. by type (Cast Aluminium, Aluminium Cans, Sheet Aluminium, Aluminium Gutters or Sliding, Aluminium Wire, Aluminium Rims and Others) , by application (Building & Construction, Automotive, Electronics, Machinery & Equipment Packaging, Consumer Appliances, Aerospace, Residential, Commercial and Others) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Aluminum Scrap Recycling market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Aluminum Scrap Recycling market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Hindalco Novelis (United States), Matalco Inc. (Canada), Real Alloy (United States), Kuusakoski (Finland), Sims Metal Management (United States), Guidetti (Itali), Redoma Recycling (Sweden), Tomra Sorting Solutions (Norway), Nucor Corporation (United States), DOWA HOLDINGS Co., Ltd. (Japan), Commercial Metals Company (United States), Aurubis AG (Germany) and European Metal Recycling (United Kingdom).
Increase in Number of Secondary Aluminium Production Facilities and A Rise in Use of Solid-State Recycling
Market Growth Drivers:
Growth in Reconstruction of Buildings, Rising Demolitions of Buildings and Increased Use of Aluminium in the Automobile Industry
Issue Related to the Separation of Aluminum from Steel, Plastic, and Other Debris
Fluctuation in Aluminum Prices and Environmental Problems Associated With Recycling Aluminum
Aluminium Scrap Recycling Opens Up More Opportunities for Africa and Rapid Growth of Urbanization and Industrialization in Both Developed and Under Developed Countries
Key highlights of the Global Aluminum Scrap Recycling market Study:
CAGR of the market during the forecast period 2023-2028
In-depth information on growth factors that will accelerate the Aluminum Scrap Recycling market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Aluminum Scrap Recycling market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Aluminum Scrap Recycling Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aluminum Scrap Recycling market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Aluminum Scrap Recycling market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Bearing Manufacturers, Distributor & Supplier Companies, End-users, Consultants and Investment bankers and Government as well as Independent Regulatory Authorities.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.