GLOBAL RECYCLED ALUMINUM MARKET
INTRODUCTION
For other recycling businesses to follow, the aluminium recycling industry has impressively set the bar high. Aluminum is the product material that is returned to recycling plants the most frequently (on a percentage basis), proving that long-term efforts to promote recycling and reuse have paid off handsomely.
Modern aluminium recycling is quick and effective, which is crucial given how much of this incredibly useful metal is now available for processing and reuse.
The world’s most adaptable building and product material may be aluminium.
It is extremely flexible and light, but when coupled with other metals like silicon, copper, magnesium, and molybdenum, it becomes quite powerful. It is not magnetic, has a high thermal conductivity, and has a very good corrosion resistance.
Aluminum recycling is a remarkably effective method. Recycling the same amount of aluminium only uses 5% of the energy used to produce new supplies, and as aluminium is endlessly recyclable, there is no quality loss after the recycling process is complete.
GLOBAL RECYCLED ALUMINUM MARKET SIZE AND FORECAST
The Global recycled aluminum market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
MARKET DYNAMICS
Novelis, a premier supplier of environmentally friendly aluminium products and a global pioneer in the rolling and recycling of aluminium, announced it is extending its evercycle portfolio to the cosmetic packaging industry. Evercycle Cosmetics is able to meet clients’ anodized quality demands and is certified to contain 100% recycled aluminium.
In contrast to plastic alternatives, the new alloy offers packaging customers in the beauty, skincare, and wellness sectors an infinitely recyclable solution.
Together with Anomatic, a global leader in anodized aluminium packaging solutions, Novelis created the evercycle Cosmetics alloy.
An electrochemical technique called anodizing alters the chemical structure of aluminium while preserving the natural, long-lasting advantages of the metal.
It is becoming a more popular option for packaging cosmetics, consumer electronics, medical equipment, and medications.
The cutting-edge aluminium recycling facility of the international aluminium business Hydro is officially opened in Cassopolis, Michigan.
A total of 70 local employment will be generated by the plant, which will annually produce 120,000 metric tonnes (265 million pounds) of aluminium extrusion ingot.
The project will be finished with an estimated $150 million in investment from Hydro. Critical automotive applications, other transportation purposes, consumer products, and construction systems are only a few uses for the aluminium made in Cassopolis.
Alcoa has finished installing a new furnace that recycles scrap aluminium using renewable energy, saving energy and releasing the metal’s limitless potential for recycling.
By employing induction powered by renewable energy instead of a conventional furnace that burns natural gas, 4,400 metric tonnes of carbon dioxide emissions are saved annually.
That is the same as removing around 1,000 internal combustion-powered cars from the road. The entire carbon footprint of the melted product is drastically decreased because the recycled waste has a smaller carbon footprint throughout its life cycle.
COVID-19 IMPACT ON GLOBAL RECYCLED ALUMINUM MARKET
The worldwide economy has been significantly impacted by the COVID-19 epidemic, and the recycling sector is no exception. Depending on the particular market and area, the effect on the recycled aluminum business has been both beneficial and bad.
On the plus side, during the pandemic, there was a large surge in the demand for aluminium used in packaging necessities like food and medical supplies.
Since recycled aluminium is a more affordable and ecologically responsible option to freshly produced aluminum, this growing demand has resulted in a proportional rise in its demand.
Global supply networks, particularly those in the recycling sector, have been disrupted by the epidemic as well. Because there is less scrap aluminium available due to decreasing industrial activity and transportation limitations in some areas, recycled aluminium prices have gone up in some markets.
A additional effect of the pandemic on the world market is a decrease in aluminium scrap imports and exports as a result of trade restrictions and decreased demand.
In conclusion, the COVID-19 pandemic has had both favourable and unfavourable effects on the recycled aluminium market, with higher demand for aluminium used in necessities being balanced by interruptions in international supply networks and a decrease in the amount of waste aluminium available.
NEW PRODUCT LAUNCH
A brand of recycled aluminium goods from Xinfa called Eco-Alu is sustainable and kind to the environment. Since all of the aluminium in this product line is recycled, less new aluminium needs to be mined, which saves energy.
High quality and compliance with industry standards may be found in Eco-Alu products. Due to the wide range of sizes and forms they come in, they may be used in a wide number of industries, including consumer products, automotive, construction, and packaging.
Modern technology is used by Xinfa to make Eco-Alu goods while adhering to environmental standards, reducing waste and emissions. The energy-efficient nature of the production process lowers the items’ carbon impact.
Because recycled aluminium is less expensive than new aluminum, Eco-Alu products are not only environmentally beneficial but also economical. Utilizing recycled aluminium also lessens the quantity of rubbish dumped in landfills, lessening its harmful effects on the environment.
One of the biggest producers of recycled aluminium in the world, Xinfa, offers a range of sustainable goods called SustainAl.
Due to the use of recycled aluminium in their construction, these items have a lower dependence on virgin resources and have a lower environmental effect.
Construction, automotive, aerospace, and consumer goods are just a few of the industries for which SustainAl products are intended. These goods’ usage of recycled scrap and waste aluminium helps to lower the production process’ carbon impact.
SustainAl goods aren’t just good for the environment—they’re also of the highest calibre and longevity.
They provide the same durability, performance, and strength as conventional aluminium products with the added advantage of being environmentally friendly.
Suntory launched the first aluminium can that has been entirely recycled. With the debut of a 350-mL 100% recycled aluminium can made only from recycled aluminium cans, global brand Suntory Spirits of Tokyo, Japan, is pushing the proportion of recycled aluminium in cans to the utmost.
Two products, The Premium Malt’s CO2 Reduction Can and The Premium Malt’s Kaoru Ale CO2 Reduction Can, were introduced on September 6 in a limited-edition nationwide launch in Japan.
The UACJ and Toyo Seikan Group Holdings-developed Stay On Tabs can is the first of its kind made entirely of recycled aluminium and produces 60% less carbon dioxide than a typical aluminium can.
They are happy that the three businesses were successful in rising to the challenge of lowering greenhouse gas emissions in the value chain.
They will continue to collaborate with every link in the value chain and support numerous initiatives aimed at achieving a circular society.
The company’s motto, “to create harmony with people and nature,” is in line with the newest step taken by Suntory Group in its quest to build a sustainable society.
The Suntory Group set a goal to cut greenhouse gas (GHG) emissions by 30% over the whole value chain and by halving GHG emissions in its direct operations in order to reach net-zero GHG emissions across the entire value chain.
By implementing more eco-friendly packaging and containers, more energy-efficient technologies, and renewable energy, The Suntory Group will keep up its efforts to lower GHG emissions.
It is a significant step towards the company’s motto, “Aluminium lightens the world,” that the three firms were able to realise this first-ever endeavour to employ only recycled materials.
The potential of aluminium will be further developed, and they’ll do their part to improve the environment on a worldwide scale. They are thrilled that the three businesses could collaborate to turn this idea into a finished product.
The Aluminium Recycling Coalition launched in the United Arab Emirates. Aside from its wide range of applications, aluminium also has the advantage of being infinitely recyclable, which makes it suitable for everything from packaging to small, lightweight electric vehicles.
Aluminium is the material that gets recycled the most globally, with almost three-quarters of all production continuing in use today. To encourage UAE citizens to recycle aluminium, the Aluminium Recycling Coalition was established.
To fully understand the magnitude of the opportunity and potential solutions, the group aims to fund a study by the International Aluminium Institute that will concentrate on aluminium recycling rates and behaviours in the UAE.Over 80% of emissions from the manufacturing of materials are attributable to the aluminium industry.
The automotive, beverage, packaging, appliance, and other industries will have access to sustainable aluminium thanks to recycled aluminium facilities. The world economy is helped by aluminium to reduce carbon emissions.
COMPANY PROFILE
- Hongqiao Group
- Rusal
- Xinfa
- Rio Tinto
- Alcoa
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- How many Recycled Aluminum are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- Cost breakup of a Global Recycled Aluminum and key vendor selection criteria
- Where are the Recycled Aluminum manufactured? What is the average margin per unit?
- Market share of Global Recycled Aluminum market manufacturers and their upcoming products
- Cost advantage for OEMs who manufacture Global Recycled Aluminum in-house
- key predictions for next 5 years in Global Recycled Aluminum market
- Average B-2-B Recycled Aluminum market price in all segments
- Latest trends in Recycled Aluminum market, by every market segment
- The market size (both volume and value) of the Recycled Aluminum market in 2022-2030 and every year in between?
- Production breakup of Recycled Aluminum market, by suppliers and their OEM relationship
