LONDON--(BUSINESS WIRE)--The global aluminum scrap recycling market size is expected to grow by 12.61 million MT during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the online tutoring services market in US in optimistic, probable, and pessimistic forecast scenarios.
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The aluminum scrap recycling market will witness Positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Aluminum Scrap Recycling Market Participants:
Alcoa Corp. has its business operations under three segments, such as bauxite, alumina, and aluminum. The company recycles aluminum at its Barberton production plant. It uses advanced technology to reduce the energy use and costs to produce wheels from re-melted and scrap aluminum.
Constellium SE operates its business through three segments, such as P&ARP, A&T, and AS&I. The company is focused on the sustainable production and recycling of aluminum products. The company works with the European Aluminum Association and the US Aluminum Association to increase beverage can recycling.
Hindalco Industries Ltd.
Hindalco Industries Ltd. has its business operations under two segments, such as aluminum and copper. The company focuses on the recycling of aluminum cans. It operates in the recycling business under its brand Novelis.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/aluminum-scrap-recycling-market-industry-analysis
Aluminum Scrap Recycling Market 2020-2024: Segmentation
Aluminum scrap recycling market is segmented as below:
- Secondary Smelting
- North America
- South America
The aluminum scrap recycling market is driven by the energy and environmental factors. In addition, other factors such as the increasing use of aluminum in automobile industry are expected to trigger the aluminum scrap recycling market toward witnessing a CAGR of over 8% during the forecast period.
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