The report, Global Aluminum Scrap Recycling Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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The latest trend gaining momentum in the market is technological advances: libs and solid state recycling. Concerns regarding global warming have necessitated the need for recycling aluminum scrap.
The recycling of aluminum scrap consumes less energy when compared with the extraction of primary aluminum. To increase the extent of recycling of aluminum, newly developed technologies, including and solid state recycling and laser induced breakdown spectroscopy are being employed.
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According to the report, one of the major drivers for this market is energy and environmental factors. The increasing preference toward aluminum scrap recycling for extracting primary aluminum has fueled the global aluminum scrap recycling market.
The reduced energy consumption in the recycling process is one of the notable factors that are advantageous for the recycling of aluminum scrap. The recycling process of aluminum scrap reduces energy consumption by about 95%.
Furthermore, the process helps to conserve natural resources, including bauxite, when compared with the production of aluminum from raw materials. In addition to reducing energy consumption, the recycling of aluminum scrap reduces landfill waste.
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