Precision Business Insights has published a report on the global aluminum and recycled aluminum market, estimating its value at USD 121.2 million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 2.93% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/global-aluminum-market

The aluminum and recycled aluminum market focuses on the production, processing, and recycling of aluminum, a lightweight, durable, and corrosion-resistant metal widely used in automotive, aerospace, construction, packaging, and electronics industries. Recycled aluminum plays a crucial role in sustainability efforts, reducing energy consumption and environmental impact.

Drivers:

• Growing Demand for Lightweight Materials: Industries like automotive and aerospace prioritize aluminum for fuel efficiency and performance.
• Expansion of Sustainable & Circular Economy Initiatives: Recycled aluminum reduces carbon footprint and raw material dependency.

The global aluminum and recycled aluminum market segmentation:

1. By Product Type: Primary Aluminum, and Secondary (Recycled) Aluminum
2. By Processing Method: Casting, Extrusion, Rolling, Forging, and Powder Metallurgy
3. By Application: Flat-Rolled Products (FRP), Extruded Products, Cast Products, Forged Products, and Powdered Aluminum
4. By End-User Industry: Automotive & Transportation, Building & Construction, Packaging, Electrical & Electronics, Industrial Equipment, and Consumer Goods
5. Alloy Type: Series 1xxx (Pure Aluminum), Series 2xxx (Al-Copper Alloys), Series 3xxx (Al-Manganese Alloys), Series 5xxx (Al-Magnesium Alloys), Series 6xxx (Al-Magnesium-Silicon Alloys), and Series 7xxx (Al-Zinc Alloys

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Regional Overview:
The report also examines the current concerns and their Future Effects on the aluminum and recycled aluminum market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the aluminum and recycled aluminum market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Alcoa Corp., Aluminum Corp. of China Ltd., China Hongqiao Group Ltd., Emirates Global Aluminum PJSC, National Aluminum Co. Ltd., Kaiser Aluminum Corp., Norks Hydro ASA, Rio Tinto Ltd., United Company Rusal Plc., Xinfa Group Co. Ltd., Ball Corporation.

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