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Secondary Aluminum Alloy Market Trends

  • Report ID: 3578
  • Published Date: Jul 24, 2024
  • Report Format: PDF, PPT

Global Secondary Aluminum Alloy Market TOC

  1. An Outline of the Global Secondary Aluminum Alloy Market
    1. Market Definition
    2. Market Segmentation
    3. Product Overview
  2. Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Research Process
    2. Primary Research
      1. Manufacturers
      2. Suppliers/Distributors
      3. End-Users
    3. Secondary Research
    4. Market Size Estimation
  4. Summary of the Report for Key Decision Makers
  5. Forces of the Market Constituents
    1.           Factors/drivers impacting the growth of the market
    2. Market trends for better business practices
  6. Key Market Opportunities for Business Growth
  7. Decarbonization Strategy and Carbon Credit Benefits for Market Players
    1. Global government decarbonization plans/goals by each country under 2015 agreement agreed by 200 countries
    2. Measures taken by countries to reduce carbon footprints
    3. Carbon credits and subsidy plans/benefits rolled out by the government for market players
    4. Effective ways to harness carbon-credits and impact on profit margins
    5. Demand impact on the companies opting for carbon credit
  8. Major Roadblocks for the Market Growth
  9. Government Regulation
  10. Industry Risk Analysis
  11. Global Economic Outlook: Challenges for Global Recovery and its Impact on Global Secondary Aluminum Alloy Market
    1. Ukraine-Russia crisis
    2. Potential US economic slowdown
  12. Industry Pricing Benchmarking & Analysis
  13. Trade Outlook
    1. Export Analysis
    2.  Import Analysis
  14. Industry Growth Outlook w.r.t Type
  15. Industry Supply Chain Analysis
  16. Analysis of Key Secondary Aluminum Alloy Manufacturers
  17. Regional Demand Analysis
  18. Competitive Positioning: Strategies to differentiate a company from its competitors
  19. Competitive Model: A Detailed Inside View for Investors
    1. Market share of major companies profiled, 2022
    2. Business profiles of key enterprises
    3. Daiki Aluminum Industry Co., Ltd.
    4. Century Metal Recycling Limited
    5. Kawashima Co., Ltd.
    6. Superior Aluminum Alloys, LLC
    7. Alucast
    8. Metal Exchange Corporation
    9. Keiaisha Co., Ltd.
    10. Novelis
    11. Shin Wen Ching Metal Enterprise., Ltd.
    12. Sunalco Industries Pvt. Ltd.
    13. Matalco Inc.
    14. BERMCO Aluminum
  20. Global Secondary Aluminum Alloy Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million), Market Volume (Kilo Tons), and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Global Secondary Aluminum Alloy Market Outlook & Projections, Opportunity Assessment by Segment      
      1.  By Type  
        1. Wrought Aluminum Alloys, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        2. Cast Aluminum Alloys, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
      2. By Strength
        1. Low Strength Aluminum Alloys, Market Value (USD Million), CAGR, 2023-2036F
        2. High Strength Aluminum Alloys, Market Value (USD Million), CAGR, 2023-2036F
        3. Ultra-High Strength Aluminum Alloys, Market Value (USD Million), CAGR, 2023-2036F
      3. By End Use Industry
        1. Automotive & Transportation, Market Value (USD Million), CAGR, 2023-2036F
        2. Building & Construction, Market Value (USD Million), CAGR, 2023-2036F
        3. Aerospace & Defense, Market Value (USD Million), CAGR, 2023-2036F
        4. Others, Market Value (USD Million), CAGR, 2023-2036F
      4. By Region
        1. Market Overview
        2. Market Revenue by Value (USD Million), Market Volume (Kilo Tons), and Compound Annual Growth Rate (CAGR)
        3. Year-on-Year (Y-o-Y) Growth Trend Analysis
          1. North America, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
          2. Europe, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
          3. Asia Pacific, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
          4. Latin America, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
          5. Middle East & Africa, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
  21. North America Secondary Aluminum Alloy Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million), Market Volume (Kilo Tons), and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. North America Secondary Aluminum Alloy Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Type 
        1. Wrought Aluminum Alloys, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        2. Cast Aluminum Alloys, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
      2. By Strength
        1. Low Strength Aluminum Alloys, Market Value (USD Million), CAGR, 2023-2036F
        2. High Strength Aluminum Alloys, Market Value (USD Million), CAGR, 2023-2036F
        3. Ultra-High Strength Aluminum Alloys, Market Value (USD Million), CAGR, 2023-2036F
      3. By End Use Industry
        1. Automotive & Transportation, Market Value (USD Million), CAGR, 2023-2036F
        2. Building & Construction, Market Value (USD Million), CAGR, 2023-2036F
        3. Aerospace & Defense, Market Value (USD Million), CAGR, 2023-2036F
        4. Others, Market Value (USD Million), CAGR, 2023-2036F
      4. By Country
        1. US, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        2. Canada, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
  22. Europe Secondary Aluminum Alloy Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million), Market Volume (Kilo Tons), and Compound Annual Growth Rate (CAGR)
    3.  Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Europe Secondary Aluminum Alloy Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Type  
      2. By Strength
      3. By End User
      4. By Country
        1. Germany, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        2. UK, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        3. France, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        4. Italy, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        5. Spain, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        6. Netherlands, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        7. Russia, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        8. Rest of Europe, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
  23. Asia Pacific Secondary Aluminum Alloy Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million), Market Volume (Kilo Tons), and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Asia Pacific Secondary Aluminum Alloy Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Type 
      2. By Strength
      3. By End User
      4. By Country
        1. China, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        2. India, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        3. Japan, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        4. South Korea, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        5. Singapore, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        6. Australia, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        7. Rest of Asia Pacific, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
  24. Latin America Secondary Aluminum Alloy Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million), Market Volume (Kilo Tons), and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Latin America Secondary Aluminum Alloy Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Type 
      2. By Strength
      3. By End User
      4. By Country
        1. Brazil, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        2. Mexico, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        3. Argentina, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        4. Rest of Latin America, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
  25. Middle East & Africa Secondary Aluminum Alloy Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million), Market Volume (Kilo Tons), and Compound Annual Growth Rate (CAGR)
    3. •   Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Middle East & Africa Secondary Aluminum Alloy Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Type 
      2. By Strength
      3. By End User
      4. By Country
        1. GCC, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        2. Israel, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        3. South Africa, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F
        4. Rest of Middle East and Africa, Market Value (USD Million) & Market Volume (Kilo Tons), CAGR, 2023-2036F

 

Secondary Aluminum Alloy Market Trends

Growth Drivers

  • Increasing Demand in the Automobile Industry –The growing emphasis on decreasing vehicle weight, enhancing fuel efficiency, and minimizing carbon emissions is likely to increase demand for secondary aluminum alloys in the automotive industry in the future years. For instance, in 2022, BMW, a German manufacturer of luxury vehicles, announced to use alloy-cast wheels using secondary aluminum.
  • Growing Demand for a Green and Safe Environment – Secondary aluminum alloys are manufactured from repurposed aluminum, resulting in improvements in waste reduction and resource conservation. Moreover, major companies have also started adopting secondary aluminum in order to contribute to reducing greenhouse gases and creating a better environment. According to the Aluminum Association, there is a 10% rise in aluminum end-of-life recycling rates, which cuts greenhouse gas emissions in the industry by 15%.
  • Growing Age of Airplanes- The active global commercial fleet now stands at 25,368 aircraft, with a 3.4% net annual increase predicted over the next ten years that will increase the total to 35,501. Moreover, the average lifespan of the active fleet will have reduced from 11.2 to 9.7 years by 2027. Over 20,400 new aircraft will be added as a replacement for 50% of existing aircraft. Aluminum is the primary composite material of the aircraft; therefore, a higher replacement will lead to demand for more secondary aluminum alloys.

 Challenges

  • Heavy Dependence on Imports - Around 85-90% of the total raw material needed for recycling is sourced through scrap imports, which can pose various risks for recyclers. Such risks include exposure to currency fluctuations, volatility in global scrap prices, and upfront cash payments that can lead to working capital shortages, and longer turnaround times. Furthermore, the heavy reliance on imports means that any potential increase in duty rates on scrap imports could negatively affect the profitability of recyclers unless they can effectively pass on the costs to customers which is anticipated to hamper the market growth.
  • Lack of Automation
  • Availability of High-Strength Composite Material

Secondary Aluminum Alloys Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

5.2%

Base Year Market Size (2023)

USD 90.89 Billion

Forecast Year Market Size (2036)

USD 175.68 Billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Rest of Europe)
  • Latin America (Brazil, Argentina, Mexico, Rest of Latin America)
  • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East & Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Rajrani Baghel


  • Report ID: 3578
  • Published Date: Jul 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of secondary aluminum alloy is estimated at USD 95.14 Billion.

The secondary aluminum alloy market size was over USD 90.89 Billion in 2023 and is likely to cross USD 175.68 Billion by the end of 2036, growing at more than 5.2% CAGR during the forecast period i.e., between 2024-2036. Growing demand in the automotive sector, and rising demand for a green and safe environment, especially in manufacturing, building & construction, are the major factors driving the market growth.

Asia Pacific industry is expected to hold largest share of 65% by 2036, impelled by rising focus on sustainable and eco-friendly practices.

Daiki Aluminum Industry Co., Ltd., Century Metal Recycling Limited, Kawashima Co., Ltd., Superior Aluminum Alloys, LLC, Alucast, Metal Exchange Corporation, Keiaisha Co., Ltd., Novelis, Shin Wen Ching Metal Enterprise., Ltd., Sunalco Industries Pvt. Ltd., Matalco Inc., BERMCO Aluminum
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