The global aluminium recycling market was worth US$ 9.5 billion (EUR 8.8 billion) in 2021 and is projected to witness solid growth in the coming years, according to analysis by Research Report World.
Aluminium recyclers are thriving due to high demand for the metal in the packaging, electronics, aviation and automotive sectors. Globally, the industry’s value is likely to exceed US$ 12.5 billion by 2027, which represents a compound annual growth rate of over 5% during this period.
Aluminium recycling is a competitive market with many large players and the three biggest recycling companies hold a share of roughly 20%. However, the analysts note that small and medium-sized regional companies play key roles and have plenty of potential for growth.
Asia-Pacific is the largest market, with a share about 45%, followed by Europe (24%) and North America (21%).
The analysis summarises the biggest trends for aluminium billet, aluminium scrap and aluminium ingot, divided into a historical review (2017-2021) and a future outlook (2021-2027). Among other topics, the global pandemic and war between Russia and Ukraine are highlighted in dedicated chapters.
Key players studied include:
- Delta Aluminium Industry
- Kaiser Aluminum
- Real Alloy
- Norsk Hydro
- Sigma Group
- Kobe Steel
- Ye Chiu
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