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The aluminum scrap recycling market size is forecast to increase by USD 4.35 billion at a CAGR of 11.37% between 2023 and 2028. The market is experiencing substantial growth due to the rising environmental consciousness and the necessity to decrease energy consumption. This trend is fueled by the automobile industry's expanding use of aluminum, which is lighter and more fuel-efficient than traditional materials. Additionally, the construction sector's shift toward green buildings, prioritizing sustainability and energy efficiency, is driving the demand for aluminum. Moreover, the aluminum industry's capability to recycle scrap metal with minimal loss in quality makes it a cost-effective and eco-friendly solution. This growth is significant in the context of automobiles and construction, which are major consumers of aluminum. The recycling process further adds to the metal's appeal, as it reduces the need for new raw materials and aligns with the global push towards sustainability.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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