Lucintel Forecasts the Global Secondary Smelting and Alloying of Aluminium Market to Reach $15.8 billion by 2030
Lucintel Forecasts the Global Secondary Smelting and Alloying of Aluminium Market to Reach $15.8 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global secondary smelting and alloying of aluminium market looks promising with opportunities in the smelting and manufacture markets. The global secondary smelting and alloying of aluminium market is expected to reach an estimated $15.8 billion by 2030 with a CAGR of 2.8% from 2024 to 2030. The major drivers for this market are rising emphasis on environmentally friendly methods and the expanding need across industries for lightweight materials, policies that encourage recycling and lower carbon emissions, as well as, government backing for programs promoting recycling and technological innovation.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in secondary smelting and alloying of aluminium market to 2030 by type (aluminum smelting, aluminum alloying, and others), end use (smelting, manufacture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that aluminum alloying will remain the larger segment over the forecast period because it offers a wide range of properties and can be customized for specific applications.
Within this market, smelting will remain the larger segment because smelting scrap aluminum is significantly cheaper, translating to lower production costs and making it a more attractive option for manufacturers.
Download sample by clicking on secondary smelting and alloying of aluminium market
North America will remain the largest region over the forecast period due to high demand for secondary aluminum from various sectors like automotive, construction, and consumer good.
SICCODE, Morgan Advanced Materials, Aleris, Novelis, Alcoa, Wise Metals, Hydro Aluminium, Ohio Valley Aluminum Company, Kaiser Aluminum & Chemicals, and Golden Aluminum are the major suppliers in the secondary smelting and alloying of aluminium market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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