Product ID: SQMIG15I2009
Report ID:
SQMIG15I2009 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
68 |
Figures:
75
Aluminum Market Driver
A sizable portion of the world's usage of aluminum is secondary or recycled. Due to its affordability, scrap from machinery, automobiles, equipment, and beverage cans is recycled and reused. Reprocessing used metal or scrap causes less environmental harm because it uses a small amount of energy compared to mining new metal from ore. Additionally, initiatives like the creation of depollution centers and facilities for dismantling and shredding cars are anticipated to accelerate market expansion. The widespread use of the material in the transportation sector is also predicted to boost aluminum consumption.
Aluminum Market Restraint
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REQUEST FREE CUSTOMIZATIONAluminum Market size was valued at USD 170.7 billion in 2019 and is poised to grow from USD 179.9 billion in 2023 to USD 256.53 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).
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Product ID: SQMIG15I2009