What is Global Recycled Aluminium Market?
The Global Recycled Aluminium Market is a vast and dynamic sector that plays a significant role in the global economy. This market revolves around the recycling and reprocessing of used aluminium from various sources, transforming it into new products. The process of recycling aluminium is not only environmentally friendly but also economically beneficial as it requires less energy compared to producing new aluminium. The market value of recycled aluminium was estimated to be US$ 97140 million in 2022, and it is projected to reach US$ 125970 million by 2029. The recycled aluminium market is segmented into various products, with aluminium ingot being the largest segment, accounting for about 50% of the market. Aluminium ingots are large, pure aluminium blocks that are primarily used in the manufacturing of various aluminium products. On the other hand, aluminium flat rolled products are also a significant part of the recycled aluminium market. These are aluminium sheets and plates that are used in a wide range of industries, including automotive, construction, and packaging. The recycled aluminium market also finds extensive application in various industries. In the transportation industry, recycled aluminium is used in the manufacturing of various vehicle parts due to its lightweight and high strength. In the industrial sector, it is used in the production of various machinery and equipment. The packaging industry also heavily relies on recycled aluminium for the production of cans, foils, and other packaging materials. In the construction industry, recycled aluminium is used in the manufacturing of windows, doors, and other building materials. Lastly, in the electronics industry, recycled aluminium is used in the production of various electronic components and devices. In terms of market outlook, the global recycled aluminium market is expected to witness steady growth in the coming years. The market was valued at US$ 97140 million in 2022 and is projected to reach US$ 125970 million by 2029. The largest product segment in this market is aluminium ingot, which accounts for about 50% of the market. Meanwhile, the largest application segment is the construction industry, which accounts for about 30% of the market. In conclusion, the global recycled aluminium market is a significant sector that plays a crucial role in various industries. With its environmental and economic benefits, the demand for recycled aluminium is expected to continue to grow in the future.
Aluminum Ingot, Aluminium Flat Rolled Products in the Global Recycled Aluminium Market:
#GlobalRecycledAluminiumMarket #AluminiumIngot #AluminiumFlatRolledProducts #TransportationIndustry #IndustrialSector #PackagingIndustry #ConstructionIndustry #ElectronicsIndustry #MarketOutlook #Recycling
Transportation Industrial, Packaging Industrial, Construction Industrial, Electronics Industrial, Others in the Global Recycled Aluminium Market:
#グローバルリサイクルアルミニウム市場 #アルミニウムインゴット #アルミニウムフラットロール製品 #交通産業 #産業部門 #パッケージング産業 #建設産業 #エレクトロニクス産業 #市場展望 #リサイクル
Global Recycled Aluminium Market Outlook:
#글로벌재활용알루미늄시장 #알루미늄잉곳 #알루미늄플랫롤드제품 #교통산업 #산업부문 #포장산업 #건설산업 #전자산업 #시장전망 #재활용
| Report Metric | Details |
| Report Name | Recycled Aluminium Market |
| Accounted market size in 2022 | US$ 97140 in million |
| Forecasted market size in 2029 | US$ 125970 million |
| CAGR | 0.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Novelis, Norsk Hydro, UACJ, Constellium, Hebei Sitong New Metal Material, Matalco, Sigma Group, Chongqing Shunbo Aluminum, Huajin Aluminum, Ye Chiu, Raffmetal, Kaiser Aluminum, Zhejiang Wantai Aluminium, Kobe Steel, Delta Aluminium Industry |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
