Recycled aluminum refers to aluminum that has been recovered and processed from post-consumer or post-industrial waste materials, rather than being extracted from raw sources. It is a sustainable and environmentally friendly alternative to primary aluminum production. The process involves collecting aluminum scrap, sorting, and processing it to remove impurities, melting it down, and shaping it into various forms for reuse. Recycled aluminum retains the same properties and characteristics as primary aluminum, making it suitable for a wide range of applications. By using recycled aluminum, we can conserve natural resources, reduce energy consumption, minimize waste, and contribute to a more sustainable and circular economy.

The global recycled aluminum market was valued at $49.1 billion in 2022, and is projected to reach $101.7 billion by 2032, growing at a CAGR of 7.6% from 2023 to 2032.
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The recycled aluminum market is segmented on the basis of scrap type, end user, and region. On the basis of scrap type, the market is categorized into wire scrap, extrusion scrap, sheet scrap, turnings & borings, and others. On the basis of end-user, it is divided into building and construction, automotive, electronics, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key Market Players: Constellium, JAIN RESOURCE RECYCLING PVT LTD., Stena Aluminium, COHEN, REAL ALLOY, STEINERT Global, Norsk Hydro ASA, GAL Aluminium Extrusions Pvt. Ltd., Novelis Inc., Kuusakoski oy

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IMPACT OF COVID-19 ON THE GLOBAL RECYCLED ALUMINUM MARKET:
• The COVID-19 pandemic led to disruptions in global supply chains, including the collection and processing of aluminum scrap. Restrictions on movement and lockdown measures affected scrap collection activities, leading to reduced availability of recycled aluminum feedstock. This disruption in the supply chain had an immediate impact on the recycled aluminum sector.
• However, as economies began to reopen and recover from the impacts of the pandemic, industrial activity and demand for aluminum-containing products started to rebound. This recovery in economic activity has contributed to the revival of the recycled aluminum sector.
• Furthermore, the pandemic reinforced the importance of sustainability and environmental responsibility. Businesses and consumers are increasingly prioritizing sustainable practices and materials, including recycled aluminum. The surge in focus on sustainability has created new opportunities for the recycled aluminum sector, as it aligns with circular economy principles and offers a more environmentally friendly alternative to primary aluminum. This factor may lead the recycled aluminum market to witness a significant growth post COVID-19

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