Recycled aluminium demand surges 800 bps over 3 fiscals: CRISIL Research

Primary aluminium makers focus on exports and value-added products

Recycled aluminium has surged in aggregate consumption thanks to its pricing, said Crisil Research in its report.

The usage of primary aluminium logged a compound annual growth rate of 3.5-4 percent in the last three years through fiscal 2019, while that of recycled aluminium zoomed at a robust 17-18 percent.

As a result, the share of recycled aluminium in aggregate aluminium market in India stood at 34 percent as of fiscal 2019, up 800 basis points (bps) from 26 percent three years ago. This is in line with the global trend, though the proportion is much lower compared with developed