Frequently Asked Questions
The global Secondary Aluminum Alloys market was valued at USD 41.5 Billion in 2022.
The Secondary Aluminum Alloys market is expected to grow at a CAGR of 3.90 % between 2023 and 2030, reaching USD 54.24 Billion in 2030.
Wrought is the leading segment by alloy type, holding around half of the share in value in 2022.
The high-strength segment governs the demand for secondary aluminum alloys worldwide, holding a massive share in 2022.
The ultra-high strength aluminum alloy segment is expected to post the highest CAGR during the forecast period.
Europe is fuelling the growth of the secondary aluminum alloys industry, with a nearly two-fifth share in 2022.
The top players include Century Metal Recycling Limited, Kawashima Co., Ltd., Daiki Aluminum Industry Co., Ltd., Allocco Recycling, Ltd., Superior Aluminum Alloys, LLC, Metal Exchange Corporation, and others
The rapid growth of environmental awareness across the globe is the major market driver.
low availability and quality of secondary aluminum alloys are restraints of the secondary aluminum alloys industry.
Increasing demand for sustainable materials is an opportunity for the Secondary Aluminum Alloys industry.