According to DataM Intelligence, the Aluminum Recycling Market Size reached US$54.5 billion in 2023, with a rise to US$57.2 billion in 2024, and is expected to reach US$91.3 billion by 2032, growing at a CAGR of 6.2% during the forecast period 2025–2032.

The aluminium recycling industry stands at an inflection point where technological innovation, policy acceleration, and market demand converge to reshape material flows globally. 

Recycling aluminium requires approximately 95% less energy compared to primary aluminium production a compelling economic proposition that translates directly into reduced operational costs and carbon footprints. 

This energy advantage has catalysed significant capital deployment across recycling infrastructure, with industry leaders making substantial commitments to expand capacity and enhance technological capabilities.

Leading global players have demonstrated commitment through substantial capital investments. For instance, Novelis has invested approximately US$90 million to double recycling capacity for used beverage cans at its Latchford, UK facility, which will increase annual processing by 85 kilotonnes and reduce CO₂e emissions by more than 350,000 tonnes annually for Novelis Europe. 

The company achieved 63% recycled content in its rolled aluminium products in fiscal year 2024, recycling 2.3 million tonnes including 82 billion used beverage cans. 

Novelis has invested nearly US$2 billion in circular processes and partnerships since 2011, with facilities such as the Nachterstedt Aluminium Recycling Center processing up to 400,000 tonnes annually. Advanced sorting technology implemented at Nachterstedt in 2024 is expected to avoid approximately 8,500 tonnes of primary aluminium usage annually, preventing over 80,000 tonnes of CO₂ emissions.