DataM Intelligence’s comprehensive report, “Recycled Aluminum Market Size, Share, Industry, Forecast & Outlook (2024–2031),” highlights that the Recycled Aluminum Market reached US$ 90 billion in 2023 and is expected to grow significantly to US$ 68 billion by 2031, advancing at a CAGR of 12% during the forecast period. The expansion is driven by rising global demand for eco-friendly materials, stringent emission regulations, and the rapid adoption of recycled aluminum across automotive, construction, electronics, and packaging sectors.

Recycled aluminum produced from scrap including used beverage cans, automotive parts, extrusions, and industrial scrap—offers remarkable energy savings (up to 95% compared to primary aluminum), making it a cornerstone material for circular economy models. As global industries shift toward sustainability, recycled aluminum continues to gain traction for lightweighting, cost reduction, and reducing carbon footprints.

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Market Segmentation Insights

The Recycled Aluminum Market is segmented by scrap type, product type, end-use industry, and region.

➥ By Scrap Type

Used Beverage Cans (UBC) | Automotive Scrap | Building & Construction Scrap | Industrial Scrap | Others

• UBC scrap remains the largest source due to established collection systems and high recycling rates.
  
  

• Automotive scrap is growing rapidly with increasing end-of-life vehicle (ELV) recycling initiatives.
  
  

• Construction scrap benefits from large-scale infrastructure renovation and demolition activities.
  
  

➥ By Product Type

Cast Aluminum | Wrought Aluminum | Alloys | Others

• Cast aluminum dominates due to wide use in automotive components, machinery, and consumer goods.
  
  

• Wrought aluminum is increasing in demand due to applications in extrusions, sheets, and plates.
  
  

• High-performance alloys are gaining traction in aerospace and EV manufacturing.
  
  

➥ By End-Use Industry

Automotive | Packaging | Building & Construction | Electronics | Aerospace | Others

• Automotive is the leading segment, supported by lightweighting initiatives and growing EV production.
  
  

• Packaging, especially beverage cans, shows strong growth due to circularity commitments from brands.
  
  

• Construction uses recycled aluminum for doors, windows, panels, and structural components.
  
  

Regional Insights

• North America leads the market with advanced recycling infrastructure, strong regulatory push for sustainability, and high automotive demand.
  
  

• Europe experiences significant growth driven by circular economy frameworks, carbon neutrality goals, and strict energy-efficiency regulations.
  
  

• Asia-Pacific is the fastest-growing region due to industrialization, manufacturing expansion, and rising metal scrap availability.
  
  

• South America and Middle East & Africa show steady growth with improving recycling systems and investments in sustainable materials.
  
  

Industry Trends & Recent Developments (2025)

• Increased adoption of closed-loop recycling programs by automotive and beverage manufacturers.
  
  

• Investments in advanced sorting technologies, including AI-driven scrap identification systems.
  
  

• Growing integration of recycled aluminum in EV battery casings, structural components, and lightweight parts.
  
  

• Expansion of secondary aluminum smelters across Asia-Pacific and North America.
  
  

• Rise in partnerships between metal recyclers and OEMs to secure long-term high-quality scrap supply.
  
  

Competitive Landscape: Key Players

Major companies operating in the Recycled Aluminum Market include:
Novelis Inc., Hydro Aluminum, Ardagh Group, Constellium SE, Real Alloy, Kaiser Aluminum, Sigma Group, Wispeco Aluminium, Alcoa Corporation, Metal Exchange Corporation, among others.

Firms are focusing on expanding recycling capacities, developing high-purity alloys, and adopting low-carbon production technologies.

Strategic Outlook

The Recycled Aluminum Market is poised for robust long-term growth as sustainability commitments, energy cost reductions, and circular manufacturing practices become central to industrial policies worldwide. Future opportunities include:

• Development of ultra-low-carbon aluminum products.
  
  

• Technological advancements in scrap recovery and purification.
  
  

• Increasing adoption of recycled content mandates in packaging and construction.
  
  

• Expansion of EV manufacturing, boosting demand for recycled lightweight alloys.
  
  

Companies that prioritize energy-efficient smelting technologies, scrap traceability solutions, and downstream integration are expected to gain a competitive edge.

Research Methodology

DataM Intelligence employs a multidimensional research methodology consisting of primary interviews, secondary data analysis, market modeling, and data validation. The report assesses trends across scrap types, regional markets, competitive dynamics, and technological advancements covering the entire 2024–2031 forecast timeline.