Aluminum Scrap Recycling Market to Grow 7.59% CAGR to 2021 Driven by Energy and Environmental Factors
ReportsnReports.com adds Global Aluminum Scrap Recycling Market 2017-2021 latest research report; the analysts forecast global aluminum scrap recycling market to grow at a CAGR of 7.59% during the period 2017-2021.
May 29, 2017 /MarketersMedia/ —
The latest trend gaining momentum in the aluminum scrap recycling market is technological advances: libs and solid state recycling. Concerns regarding global warming have necessitated the need for recycling aluminum scrap. The recycling of aluminum scrap consumes less energy when compared with the extraction of primary aluminum. To increase the extent of recycling of aluminum, newly developed technologies, including and solid state recycling and laser induced breakdown spectroscopy are being employed.
Complete report on aluminum scrap recycling market spread across 70 pages, analyzing 5 major companies and providing 37 data exhibits are now available at http://www.reportsnreports.com/reports/1012095-global-aluminum-scrap-recycling-market-2017-2021.html.
According to the report, one of the major drivers for aluminum scrap recycling market is energy and environmental factors. The increasing preference toward aluminum scrap recycling for extracting primary aluminum has fueled the global aluminum scrap recycling market. The reduced energy consumption in the recycling process is one of the notable factors that are advantageous for the recycling of aluminum scrap. The recycling process of aluminum scrap reduces energy consumption by about 95%. Furthermore, the process helps to conserve natural resources, including bauxite, when compared with the production of aluminum from raw materials. In addition to reducing energy consumption, the recycling of aluminum scrap reduces landfill waste.
The following companies as the key players in the global aluminum scrap recycling market: China Metal recycling, Glencore, Hindalco Industries, KuusaKoski, and Sims Metal Management. Other prominent vendors in the market are: Guidetti, REDOMA Recycling, and TOMRA Sorting Solutions. Order a copy of Global Aluminum Scrap Recycling Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=1012095.
Global Aluminum Scrap Recycling Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global aluminum scrap recycling market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price for the product.
The aluminum scrap recycling market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Further, the aluminum scrap recycling market report states that one of the major factors hindering the growth of this market is decrease in recycling rate of used beverage cans. The aluminum cans market, especially in North America, is facing a challenge of declining beverage can stock market. In 2015, the beverage can stock market was 1.74 million metric tons when compared with 1.98 million metric tons in 2005. The decline in the consumption of carbonated soft drinks has a significant impact on the market. Individuals in North America have become health conscious and are preferring water and iced tea over carbonated soft drinks.
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