India Aluminum Scrap Market
Description
India Aluminum Scrap Market By Type (Old Scrap and New Scrap) By Source(UB-based Scrap, Sheet-Based Scrap, Wire-Based Scrap, Extrusion-Based Scrap, and Others), End-Use (Automotive, Aerospace and Defense, Building and Construction, Electrical and Electronics, Packaging, and Other) : Global Opportunity Analysis and Industry Forecast, 2024–2033.
No. of Pages: 144 No. of Tables: 43, No. of Charts:, Category: Materials and Chemicals, Sub-domain: Specialty Chemicals Author: Vinod Marpu & Eswara Prasad, Email ID: [email protected], Price: $3,098
India Aluminum Scrap Market Research, 2033
The India aluminum scrap market was valued at $3.8 billion in 2024 and is projected to reach $11.2 billion by 2034, growing at a CAGR of 10.9% from 2025 to 2034. The India aluminum scrap market is experiencing significant growth driven by the rising demand for recycled aluminum in manufacturing industries and the rapid expansion of the automotive and construction sectors. Recycled aluminum offers a cost-effective and energy-efficient alternative to primary aluminum, making it highly attractive for manufacturers aiming to reduce production costs and carbon footprints.
Introduction
India Aluminum Scrap refers to discarded or recyclable aluminum materials collected from industrial, commercial, and domestic sources within India. These materials can include used beverage cans, automotive parts, electrical cables, window frames, and other aluminum-containing products. The scrap is processed and recycled through various methods such as sorting, shredding, and melting to recover pure aluminum, which is then reused in manufacturing sectors like construction, automotive, packaging, and electrical industries.
Key Takeaways
The india aluminum scrap industry is highly fragmented, with several players such as Gravita India Ltd., Novelis Inc., Ananta Metal Recycling Pvt Ltd., Sanajri Recycling, Jain Metal Group, SPAS Recycling Pvt Ltd., Mahavir Enterprises, CMR Green Technologies Ltd., Mahindra Accelo. and Palco Recycle Industries Ltd.
More than 6,765 product literatures, industry releases, annual reports, and other such documents of major industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
The segment analysis of India in terms of value ($ billion) during the forecast period 2024-2034 is covered in the India aluminum scrap market report.
Market Dynamics
The India aluminum scrap market has witnessed substantial growth driven by the rising demand for sustainable and environmentally friendly materials across multiple industries. The increasing focus on environmental sustainability, coupled with stringent regulatory frameworks encouraging resource conservation and waste reduction, significantly drives the growth of the India aluminum scrap market. Recycling aluminum not only aids in reducing landfill waste but also supports the conservation of natural resources, aligns with India's sustainability targets, and reduces the industry's overall carbon footprint. With India's ambitious environmental goals and international commitments towards sustainability, the recycling of aluminum scrap has become a crucial element in the national strategy for sustainable development. All these factors are expected to drive the demand for the India aluminum scrap market during the forecast period.
However, fluctuations in aluminum scrap prices pose a challenge to market stability and growth. Volatile prices can negatively impact recyclers' operational planning and investments, potentially causing disruptions in the supply-demand balance within the market. Aluminum scrap prices are subject to global market dynamics influenced by demand from key industries like automotive, construction, and packaging. Price volatility often makes it difficult for recyclers to forecast profits accurately and can discourage long-term investment in advanced recycling technologies and infrastructure. All these factors hamper the India aluminum scrap market growth.
Emerging opportunities are observed through supportive government initiatives and regulatory policies aimed at promoting recycling activities. Policies and incentives targeting reduced emissions, landfill waste minimization, and enhanced resource efficiency create a favorable business environment and encourage greater adoption of aluminum recycling practices within industrial and consumer sectors. Recent policy initiatives, including subsidies and financial incentives for companies adopting recycling practices and technological innovation, further drive market expansion.
In April 2024, India's aluminum scrap imports increased by 5% month-over-month, totaling 135,816 tons, despite facing supply chain disruptions in the Red Sea region. Furthermore, domestic and imported scrap prices have remained elevated, with tense mix scrap from the UAE priced at $1,941 per ton, marking a 6% month-over-month increase. In addition, Nupur Recyclers Ltd. announced an investment of over $2. 1 million in October 2024 for a new aluminum extrusion plant in Haryana, aimed at producing recycled-content aluminum extrusions to meet growing demand in solar energy and construction sectors. Despite supportive regulatory measures, the Indian government's retention of a 2. 5% levy on aluminum scrap imports poses a challenge, as recyclers advocate for more favorable import duties to boost industry growth. All these factors are anticipated to offer new growth opportunities for India aluminum scrap market during the forecast period.
Segments Overview
The India aluminum scrap market is comprehensively segmented on the basis of scrap type, source, and end-use. By scrap type, the market is classified into old scrap and new scrap. By source, the market includes UB-based scrap, sheet-based scrap, wire-based scrap, extrusion-based scrap, and others. End-use segments cover automotive, aerospace and defense, building and construction, electrical and electronics, packaging, and others.
By type, old scrap segment dominated the global market in 2023 and is anticipated to grow at a CAGR of 9.8% during forecast period. Old scrap includes aluminum products at the end of their life cycle, such as automotive parts, construction materials, and consumer durables, while new scrap refers to production waste generated during manufacturing processes.
By source, others segment dominated the global market in 2023 and is anticipated to grow at a CAGR of 9.9% during forecast period. Others segment includes diverse sources such as household appliances, electrical equipment, utensils, packaging materials, and various consumer goods that contribute significantly to scrap collection. The rising consumption of aluminum-based products across domestic and industrial sectors, coupled with increased awareness and initiatives for recycling non-traditional aluminum sources, is driving this segment’s rapid growth. The flexibility in scrap recovery from these varied sources supports sustainable raw material supply for multiple end-use industries.
By end-use, automotive segment dominated the global market in 2023 and is anticipated to grow at a CAGR of 11.7% during forecast period. This growth is primarily driven by the increasing demand for lightweight vehicles to improve fuel efficiency and meet stringent emission regulations. Recycled aluminum, derived from scrap, is widely used in manufacturing engine components, wheels, body panels, and other structural parts, offering cost advantages and sustainability benefits. As India’s automotive industry continues to expand, particularly with the rise of electric vehicles, the demand for aluminum scrap as a key raw material is expected to accelerate significantly.
Competitive Analysis
The major players operating in the India aluminum scrap market include Gravita India Ltd., Novelis Inc., Ananta Metal Recycling Pvt Ltd., Sanajri Recycling, Jain Metal Group, SPAS Recycling Pvt Ltd., Mahavir Enterprises, CMR Green Technologies Ltd., Mahindra Accelo. and Palco Recycle Industries Ltd.
Key Market Trends
As per India aluminum scrap market analysis, by type, the old scrap segment was the highest revenue contributor, growing with a CAGR of 9.8%.
As per India aluminum scrap market analysis, by source, the others segment was the highest revenue contributor, growing with a CAGR of 9.9%.
As per India aluminum scrap market analysis, by end-use , the automotive segment was the highest revenue contributor, growing with a CAGR of 11.7%
Key Benefits for Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the India aluminum scrap market analysis from 2024 to 2034 to identify the prevailing India aluminum scrap market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the India aluminum scrap market segmentation assists to determine the prevailing market opportunities.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the India Aluminum Scrap Market trends, key players, market segments, application areas, and market growth strategies.
KEY MARKET SEGMENTS
By Type
old scrap
new scrap
By Source
UB
Sheet
Wire
Extrusion
Others
By End-Use
automotive
aerospace
defense
building and construction
electrical and electronics
packaging
Others
KEY MARKET PLAYERS
Gravita India Ltd.
Novelis Inc.
Ananta Metal Recycling Pvt Ltd.
Sanajri Recycling
Jain Metal Group
SPAS Recycling Pvt Ltd
Mahavir Enterprises
CMR Green Technologies Ltd
Mahindra Accelo
Palco Recycle Industries LtdThe research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
No. of Pages: 144 No. of Tables: 43, No. of Charts:, Category: Materials and Chemicals, Sub-domain: Specialty Chemicals Author: Vinod Marpu & Eswara Prasad, Email ID: [email protected], Price: $3,098
India Aluminum Scrap Market Research, 2033
The India aluminum scrap market was valued at $3.8 billion in 2024 and is projected to reach $11.2 billion by 2034, growing at a CAGR of 10.9% from 2025 to 2034. The India aluminum scrap market is experiencing significant growth driven by the rising demand for recycled aluminum in manufacturing industries and the rapid expansion of the automotive and construction sectors. Recycled aluminum offers a cost-effective and energy-efficient alternative to primary aluminum, making it highly attractive for manufacturers aiming to reduce production costs and carbon footprints.
Introduction
India Aluminum Scrap refers to discarded or recyclable aluminum materials collected from industrial, commercial, and domestic sources within India. These materials can include used beverage cans, automotive parts, electrical cables, window frames, and other aluminum-containing products. The scrap is processed and recycled through various methods such as sorting, shredding, and melting to recover pure aluminum, which is then reused in manufacturing sectors like construction, automotive, packaging, and electrical industries.
Key Takeaways
The india aluminum scrap industry is highly fragmented, with several players such as Gravita India Ltd., Novelis Inc., Ananta Metal Recycling Pvt Ltd., Sanajri Recycling, Jain Metal Group, SPAS Recycling Pvt Ltd., Mahavir Enterprises, CMR Green Technologies Ltd., Mahindra Accelo. and Palco Recycle Industries Ltd.
More than 6,765 product literatures, industry releases, annual reports, and other such documents of major industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
The segment analysis of India in terms of value ($ billion) during the forecast period 2024-2034 is covered in the India aluminum scrap market report.
Market Dynamics
The India aluminum scrap market has witnessed substantial growth driven by the rising demand for sustainable and environmentally friendly materials across multiple industries. The increasing focus on environmental sustainability, coupled with stringent regulatory frameworks encouraging resource conservation and waste reduction, significantly drives the growth of the India aluminum scrap market. Recycling aluminum not only aids in reducing landfill waste but also supports the conservation of natural resources, aligns with India's sustainability targets, and reduces the industry's overall carbon footprint. With India's ambitious environmental goals and international commitments towards sustainability, the recycling of aluminum scrap has become a crucial element in the national strategy for sustainable development. All these factors are expected to drive the demand for the India aluminum scrap market during the forecast period.
However, fluctuations in aluminum scrap prices pose a challenge to market stability and growth. Volatile prices can negatively impact recyclers' operational planning and investments, potentially causing disruptions in the supply-demand balance within the market. Aluminum scrap prices are subject to global market dynamics influenced by demand from key industries like automotive, construction, and packaging. Price volatility often makes it difficult for recyclers to forecast profits accurately and can discourage long-term investment in advanced recycling technologies and infrastructure. All these factors hamper the India aluminum scrap market growth.
Emerging opportunities are observed through supportive government initiatives and regulatory policies aimed at promoting recycling activities. Policies and incentives targeting reduced emissions, landfill waste minimization, and enhanced resource efficiency create a favorable business environment and encourage greater adoption of aluminum recycling practices within industrial and consumer sectors. Recent policy initiatives, including subsidies and financial incentives for companies adopting recycling practices and technological innovation, further drive market expansion.
In April 2024, India's aluminum scrap imports increased by 5% month-over-month, totaling 135,816 tons, despite facing supply chain disruptions in the Red Sea region. Furthermore, domestic and imported scrap prices have remained elevated, with tense mix scrap from the UAE priced at $1,941 per ton, marking a 6% month-over-month increase. In addition, Nupur Recyclers Ltd. announced an investment of over $2. 1 million in October 2024 for a new aluminum extrusion plant in Haryana, aimed at producing recycled-content aluminum extrusions to meet growing demand in solar energy and construction sectors. Despite supportive regulatory measures, the Indian government's retention of a 2. 5% levy on aluminum scrap imports poses a challenge, as recyclers advocate for more favorable import duties to boost industry growth. All these factors are anticipated to offer new growth opportunities for India aluminum scrap market during the forecast period.
Segments Overview
The India aluminum scrap market is comprehensively segmented on the basis of scrap type, source, and end-use. By scrap type, the market is classified into old scrap and new scrap. By source, the market includes UB-based scrap, sheet-based scrap, wire-based scrap, extrusion-based scrap, and others. End-use segments cover automotive, aerospace and defense, building and construction, electrical and electronics, packaging, and others.
By type, old scrap segment dominated the global market in 2023 and is anticipated to grow at a CAGR of 9.8% during forecast period. Old scrap includes aluminum products at the end of their life cycle, such as automotive parts, construction materials, and consumer durables, while new scrap refers to production waste generated during manufacturing processes.
By source, others segment dominated the global market in 2023 and is anticipated to grow at a CAGR of 9.9% during forecast period. Others segment includes diverse sources such as household appliances, electrical equipment, utensils, packaging materials, and various consumer goods that contribute significantly to scrap collection. The rising consumption of aluminum-based products across domestic and industrial sectors, coupled with increased awareness and initiatives for recycling non-traditional aluminum sources, is driving this segment’s rapid growth. The flexibility in scrap recovery from these varied sources supports sustainable raw material supply for multiple end-use industries.
By end-use, automotive segment dominated the global market in 2023 and is anticipated to grow at a CAGR of 11.7% during forecast period. This growth is primarily driven by the increasing demand for lightweight vehicles to improve fuel efficiency and meet stringent emission regulations. Recycled aluminum, derived from scrap, is widely used in manufacturing engine components, wheels, body panels, and other structural parts, offering cost advantages and sustainability benefits. As India’s automotive industry continues to expand, particularly with the rise of electric vehicles, the demand for aluminum scrap as a key raw material is expected to accelerate significantly.
Competitive Analysis
The major players operating in the India aluminum scrap market include Gravita India Ltd., Novelis Inc., Ananta Metal Recycling Pvt Ltd., Sanajri Recycling, Jain Metal Group, SPAS Recycling Pvt Ltd., Mahavir Enterprises, CMR Green Technologies Ltd., Mahindra Accelo. and Palco Recycle Industries Ltd.
Key Market Trends
As per India aluminum scrap market analysis, by type, the old scrap segment was the highest revenue contributor, growing with a CAGR of 9.8%.
As per India aluminum scrap market analysis, by source, the others segment was the highest revenue contributor, growing with a CAGR of 9.9%.
As per India aluminum scrap market analysis, by end-use , the automotive segment was the highest revenue contributor, growing with a CAGR of 11.7%
Key Benefits for Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the India aluminum scrap market analysis from 2024 to 2034 to identify the prevailing India aluminum scrap market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the India aluminum scrap market segmentation assists to determine the prevailing market opportunities.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the India Aluminum Scrap Market trends, key players, market segments, application areas, and market growth strategies.
KEY MARKET SEGMENTS
By Type
old scrap
new scrap
By Source
UB
Sheet
Wire
Extrusion
Others
By End-Use
automotive
aerospace
defense
building and construction
electrical and electronics
packaging
Others
KEY MARKET PLAYERS
Gravita India Ltd.
Novelis Inc.
Ananta Metal Recycling Pvt Ltd.
Sanajri Recycling
Jain Metal Group
SPAS Recycling Pvt Ltd
Mahavir Enterprises
CMR Green Technologies Ltd
Mahindra Accelo
Palco Recycle Industries LtdThe research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Table of Contents
144 Pages
- Chapter 1: Introduction
- 1.1. Report description
- 1.2. Key benefits for stakeholders
- 1.3. Key market segments
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- Chapter 2: Executive summary
- 2.1. Key findings of the study
- 2.2. CXO perspective
- Chapter 3: market landscape
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Surge in Demand for Lightweight Materials in Automotive and Aerospace Industries
- 3.4.1.2. Growth in Use of Recycled Aluminum in Packaging and Construction
- 3.4.2. Restraint
- 3.4.2.1. High Operational Costs
- 3.4.3. Opportunity
- 3.4.3.1. Growing Aluminum Recycling Infrastructure
- 3.5. Pricing analysis
- 3.6. Value chain analysis
- 3.7. List of Local Collectors
- 3.8. Patent Analysis
- 3.9. Key Regulation Analysis of India Aluminum Scrap Market
- 3.10. India aluminum scrap: Trade Data Analysis, 2024
- Chapter 4: India aluminum scrap market, BY type
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Old Scrap
- 4.2.1. Key market trends, growth factors, and opportunities
- 4.3. New Scrap
- 4.3.1. Key market trends, growth factors, and opportunities
- Chapter 5: India aluminum scrap market, BY source
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. UBC-Based Scrap
- 5.2.1. Key market trends, growth factors, and opportunities
- 5.3. Sheet-Based Scrap
- 5.3.1. Key market trends, growth factors, and opportunities
- 5.4. Wire-Based Scrap
- 5.4.1. Key market trends, growth factors, and opportunities
- 5.5. Extrusion-Based Scrap
- 5.5.1. Key market trends, growth factors, and opportunities
- 5.6. Others
- 5.6.1. Key market trends, growth factors, and opportunities
- Chapter 6: India aluminum scrap market, BY end-use
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Automotive
- 6.2.1. Key market trends, growth factors, and opportunities
- 6.3. Aerospace and Defense
- 6.3.1. Key market trends, growth factors, and opportunities
- 6.4. Building and Construction
- 6.4.1. Key market trends, growth factors, and opportunities
- 6.5. Electrical and Electronics
- 6.5.1. Key market trends, growth factors, and opportunities
- 6.6. Packaging
- 6.6.1. Key market trends, growth factors, and opportunities
- 6.7. Others
- 6.7.1. Key market trends, growth factors, and opportunities
- Chapter 7: Competitive Landscape
- 7.1. Introduction
- 7.1.1. Market player positioning, 2024
- 7.2. Product mapping of top 10 players
- 7.3. Competitive Heatmap
- Chapter 8: Company profiles
- 8.1. GRAVITA INDIA LTD.
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Business performance
- 8.1.6. Product portfolio
- 8.1.7. Strategic recommendations
- 8.2. NOVELIS
- 8.2.1. Company overview (business description)
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Business performance
- 8.2.6. Product portfolio
- 8.2.7. Strategic Recommendations
- 8.3. ANANTA METAL RECYCLING PVT LTD.
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Strategic recommendations
- 8.4. SANAJRI RECYCLING
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. SWOT Analysis
- 8.5. JAIN METAL GROUP
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business Performance
- 8.5.7. SWOT Analysis
- 8.6. SPAS RECYCLING PVT. LTD.
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Strategic recommendations
- 8.7. MAHAVIR ENTERPRISES.
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. SWOT Analysis
- 8.8. CMR GREEN TECHNOLOGIES LTD.
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. SWOT Analysis
- 8.9. PALCO RECYCLE INDUSTRIES LTD
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. SWOT Analysis
- 8.10. MAHINDRA ACELLO
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Product portfolio
- 8.10.5. Strategic recommendations
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
