알루미늄 2차 제련 및 합금 시장 기회, 성장 촉진요인, 산업 동향 분석 및 예측(2025-2034년)

The Global Secondary Smelting and Alloying of Aluminium Market was valued at USD 49.1 billion in 2024 and is estimated to grow at a CAGR of 6.5% to reach USD 91.4 billion by 2034, driven by the global shift toward sustainability, stronger recycling infrastructure, and heightened demand from major end-use industries. As industries intensify their push toward reducing carbon emissions and promoting efficient resource utilization, secondary aluminum has emerged as a preferred choice for manufacturers worldwide. Offering a low-impact, high-performance alternative to primary aluminum, secondary smelting has gained significant traction. Advancements in scrap processing technologies, alloy engineering, and a notable increase in global recycling efficiency-currently standing around 76%-are accelerating the momentum.

Growing consumption from sectors like construction, automotive, packaging, and electronics is reinforcing market expansion, especially across developing economies focused on sustainable industrialization. Additionally, a heightened focus on energy-efficient solutions, government policies promoting circular economy practices, and increased integration of aluminum in renewable energy infrastructure are further fueling demand. The market's evolution is tightly linked to technological innovations, with AI-driven scrap sorting, blockchain-enabled traceability, and smart logistics creating new efficiencies. As industries continue to prioritize lightweight materials for electrification, especially in transport and energy, secondary aluminum is securing its role as a cornerstone material for future global development.

Growing emphasis on carbon reduction and resource optimization has pushed manufacturers to aggressively adopt secondary aluminum, while advancements in scrap processing and alloy engineering continue to enhance the material's competitiveness. Rising recycling rates worldwide are speeding up the transition, with emerging economies playing a critical role, supported by technology-driven supply chain optimization. Enhanced tracking systems and digitized scrap management solutions are improving material recovery rates and ensuring better product quality across industries. As the use of aluminum intensifies in electrical grids, battery systems, and renewable installations, demand for secondary sources is witnessing an unprecedented surge. The global focus on cleaner production methods and reducing reliance on primary extraction methods is making secondary smelting and alloying a pivotal pillar of the aluminum value chain.

The aluminum scrap segment accounted for a 79.6% market share in 2024, driven by its easy accessibility, widespread use in construction and transportation, and significant sustainability advantages. Scrap-based aluminum production, offering lower emissions and major energy savings, directly supports corporate decarbonization targets and global environmental regulations. Technological innovations are breathing new life into previously discarded materials like dross and skimming, turning them into valuable, eco-friendly aluminum sources as companies intensify waste reduction efforts.

The automotive industry remains the top consumer of secondary aluminum, with lightweighting strategies critical for electric vehicle development. Aluminum alloys are increasingly used in battery housings, chassis systems, and structural frames to boost performance and meet stringent carbon neutrality goals.

China Secondary Smelting and Alloying of Aluminium Market generated USD 15.9 billion in 2024 and is forecasted to reach USD 29.6 billion by 2034. The country's growth is fueled by strong manufacturing capabilities, widespread aluminum use in infrastructure and EVs, and proactive government initiatives supporting recycling. The adoption of smart technologies in scrap handling is further driving production efficiency.

Key market players include Dowa Holdings Co., Ltd., Real Alloy, Hydro Aluminium AS, Novelis Inc., Constellium SE, Kaiser Aluminum Corporation, Raffmetal S.p.A., ELVALHALCOR Hellenic Copper and Aluminium Industry S.A., Befesa S.A., and Century Aluminum Company. Companies are securing competitive advantages by investing in next-gen recycling technologies, forging partnerships with scrap suppliers, expanding regional footprints, and adopting digital platforms for compliance and traceability.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope & definition
• 1.2 Base estimates & calculations
• 1.3 Forecast calculation
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources
• 1.5 Primary research and validation
  • 1.5.1 Primary sources
  • 1.5.2 Data mining sources

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021-2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Factor affecting the value chain
  • 3.1.2 Profit margin analysis
  • 3.1.3 Disruptions
  • 3.1.4 Future outlook
  • 3.1.5 Manufacturers
  • 3.1.6 Distributors
• 3.2 Impact of trump administration tariffs – structured overview
  • 3.2.1 Impact on trade
    • 3.2.1.1 Trade volume disruptions
    • 3.2.1.2 Retaliatory measures
  • 3.2.2 Impact on the industry
    • 3.2.2.1 Supply-side impact (raw materials)
      • 3.2.2.1.1 Price volatility in key materials
      • 3.2.2.1.2 Supply chain restructuring
      • 3.2.2.1.3 Production cost implications
    • 3.2.2.2 Demand-side impact (selling price)
      • 3.2.2.2.1 Price transmission to end markets
      • 3.2.2.2.2 Market share dynamics
      • 3.2.2.2.3 Consumer response patterns
  • 3.2.3 Key companies impacted
  • 3.2.4 Strategic industry responses
    • 3.2.4.1 Supply chain reconfiguration
    • 3.2.4.2 Pricing and product strategies
    • 3.2.4.3 Policy engagement
  • 3.2.5 Outlook and future considerations
• 3.3 Trade statistics (HS Code: 7601.20)
• 3.4 Supplier landscape
• 3.5 Profit margin analysis
• 3.6 Key news & initiatives
• 3.7 Regulatory landscape
• 3.8 Impact forces
  • 3.8.1 Growth drivers
    • 3.8.1.1 Rising demand for lightweight materials in automotive and transportation sectors
    • 3.8.1.2 Increased emphasis on sustainability and carbon footprint reduction initiatives
    • 3.8.1.3 Lower energy consumption in secondary aluminum production vs. primary aluminum
    • 3.8.1.4 Expanding construction activities and urban infrastructure development worldwide
    • 3.8.1.5 Government policies promoting recycling and circular economy practices
    • 3.8.1.6 Advancements in alloying technology and scrap recovery processes
  • 3.8.2 Industry pitfalls & challenges
    • 3.8.2.1 Fluctuations in aluminum scrap supply and quality availability
    • 3.8.2.2 Environmental concerns over dross and waste management in recycling
    • 3.8.2.3 High initial investment in smelting and processing infrastructure
• 3.9 Growth potential analysis
• 3.10 Porter's analysis
• 3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
• 4.3 Competitive positioning matrix
• 4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Source, 2021 – 2034 (USD Billion) (Kilo Tons)

• 5.1 Key trends
• 5.2 Aluminum scrap
• 5.3 Dross and skimmings
• 5.4 Other secondary sources

Chapter 6 Market Estimates and Forecast, By Alloy Type, 2021 – 2034 (USD Billion) (Kilo Tons)

• 6.1 Key trends
• 6.2 Wrought alloys
• 6.3 Cast alloys
• 6.4 Others

Chapter 7 Market Estimates and Forecast, By End Use Industry, 2021 – 2034 (USD Billion) (Kilo Tons)

• 7.1 Key trends
• 7.2 Automotive
• 7.3 Building & construction
• 7.4 Electrical & electronics
• 7.5 Packaging
• 7.6 Others

Chapter 8 Market Estimates and Forecast, By Region, 2021 – 2034 (USD Billion) (Kilo Tons)

• 8.1 Key trends
• 8.2 North America
  • 8.2.1 U.S.
  • 8.2.2 Canada
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 France
  • 8.3.4 Spain
  • 8.3.5 Italy
• 8.4 Asia Pacific
  • 8.4.1 China
  • 8.4.2 India
  • 8.4.3 Japan
  • 8.4.4 Australia
  • 8.4.5 South Korea
• 8.5 Latin America
  • 8.5.1 Brazil
  • 8.5.2 Mexico
• 8.6 Middle East and Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 South Africa
  • 8.6.3 UAE

Chapter 9 Company Profiles

• 9.1 Novelis Inc.
• 9.2 Hydro Aluminium AS
• 9.3 Constellium SE
• 9.4 Real Alloy
• 9.5 Kaiser Aluminum Corporation
• 9.6 Century Aluminum Company
• 9.7 Raffmetal S.p.A
• 9.8 ELVALHALCOR Hellenic Copper and Aluminium Industry S.A.
• 9.9 Befesa S.A.
• 9.10 Dowa Holdings Co., Ltd.