Aluminum Recycling
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Recycled Aluminum Market Set for $91 Billion Boom by 2032
Yahoo Finance· 2025-12-03 20:00
Core Insights - The global aluminum recycling market is projected to reach $91.3 billion by 2032, growing from $57.2 billion in 2024 at a CAGR of 6.2% as industrial consumers seek low-carbon materials to address rising energy costs and decarbonization goals [1] Industry Trends - The energy-saving advantage of secondary aluminum is significant, requiring approximately 95% less energy than primary smelting, which enhances the economic incentive for recycling amid high primary aluminum prices [2] - Persistently high electricity and natural gas prices in Europe have adversely affected the operating rates of primary smelters, making recycled metal a strategic cost-saving option [3] Company Initiatives - Major global producers are investing heavily in expanding recycling capacity, with Novelis Inc. committing around $90 million to double its used beverage can processing capacity in the UK, which will reduce CO2e emissions by over 350,000 tonnes annually [4] - Novelis aims to achieve an average of 75% recycled content across its products by 2030, up from 63% in fiscal year 2024, and is also expanding its recycling capabilities in North America and Asia [5] Market Demand - The transportation industry, especially the electric vehicle segment, is driving demand for recycled aluminum, with automakers focusing on lightweighting to enhance EV range and performance, leading to increased aluminum content in vehicles [6]
Constellium and TARMAC Aerosave Achieve Breakthrough in Full-Circular Aluminum Recycling for End-of-Life Aircraft
GlobeNewswire News Room· 2025-06-12 10:00
Group 1: Core Achievement - Constellium SE and TARMAC Aerosave have successfully recycled and remelted aluminum from end-of-life aircraft into new, high-performance material for aerospace applications [1][2] - This initiative demonstrates the potential of aluminum to support circular economy goals in aerospace without compromising material performance [2][4] Group 2: Process and Collaboration - The successful remelting process was achieved through collaborative research and development, particularly supported by Airbus and ValoER [2] - The next step involves scaling up the recycling process for industrial application and extending it to various aluminum alloys used in aircraft [2] Group 3: Sustainability Impact - Aluminum recycling requires only 5% of the energy needed for primary production and results in 95% fewer CO₂ emissions, enhancing sustainability in the aerospace industry [4] - The full-circular model of aluminum recycling provides a compelling path for future innovation and sustainability efforts in aviation [4] Group 4: Company Profiles - Constellium generated $7.3 billion in revenue in 2024 and is a leader in developing innovative aluminum products for various markets, including aerospace [5] - TARMAC Aerosave specializes in aircraft maintenance and eco-responsible dismantling, operating Europe's largest aircraft storage facilities [5]