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The Automotive Shredded Residue Market size was estimated at USD 1.24 billion in 2023, USD 1.32 billion in 2024, and is expected to grow at a CAGR of 6.29% to reach USD 1.91 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Automotive Shredded Residue (ASR), commonly referred to as auto fluff or shredder residue, is the heterogeneous waste material that remains after an end-of-life vehicle (ELV) has undergone a mechanical shredding process for recycling purposes. This complex mixture of materials consists of plastics, rubber, glass, textiles, wood, dirt, and residual metals that cannot be easily separated and recovered by traditional recycling methods. ASR poses significant environmental challenges owing to its non-biodegradable nature and the presence of hazardous substances, including heavy metals and flame retardants.
As a result, proper management and disposal techniques are crucial in mitigating potential environmental impacts and promoting sustainability within the automotive industry. The generation of ASR is directly linked to the growing number of ELVs worldwide. The global automotive shredded residue market is growing rapidly with a number of vehicles and stringent environmental regulations regarding waste disposal and recycling. Moreover, increasing demand for recycled materials to save vehicle production costs is fueling demand for ASR technologies to be incorporated. Besides the positive factors, high capital investments for advanced recycling facilities and the complexities of recycling processes owing to the variable composition of ASR hinder market growth. To capitalize on emerging opportunities and overcome existing limitations in this dynamic industry landscape, market players are focusing on developing advanced separation technologies for the precise extraction of materials from complex mixtures present in ASR. Additionally, exploring novel processing methods and emphasizing sustainable manufacturing practices incorporating circular economy principles are propelling stronger future growth of the global automotive shredded residue market.
Regional Insights
In the Americas, particularly North America, the ASR market is driven primarily by strict environmental regulations enforced by organizations such as the Environmental Protection Agency (EPA) in the United States. These regulations mandate proper disposal of end-of-life vehicles (ELVs) and emphasize maximizing material recovery through recycling processes. As a result, automotive manufacturers are investing heavily in advanced recycling technologies that can efficiently separate and process various components of ASR into reusable materials. Additionally, new business models focused on auto recycling facilities have emerged to cater to this growing demand for efficient waste management solutions.On the other hand, Europe has a leading role in shaping the global ASR market dynamics owing to its comprehensive legislative framework aimed at reducing landfilling of ELVs and promoting recycling of valuable materials. The European Union's End-of-Life Vehicle Directive (2000/53/EC) sets clear targets for member countries regarding ELV treatment and material recovery rates. Consequently, several European nations have developed robust infrastructures for automotive shredding and residue processing, which contribute significantly to EMEA's overall growth in this sector. In addition to Europe's regulatory influence on the EMEA region's ASR industry growth, the Middle East and African countries are also increasingly focusing on establishing sustainable waste management practices attributed to rapid urbanization, leading to higher vehicle penetration rates. Moving towards the APAC region, emerging economies, including China and India, are experiencing rapid growth in the automotive industry. As vehicle production and consumption is on the rise across APAC, the automotive shredded residue market is expected to grow rapidly.
Market Trends by Segment
- Composition: Growing preference for lightweight plastics ASR to reduce emissions
- Technology: Air classification excels as a comprehensive recycling strategy to achieve optimal resource recovery from automotive shredded residue
Industry Insights
- Market Dynamics
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
- Strategy Analysis and Recommendations
Recent Developments
Eastman Announces Completion of Automotive Recycling Project
Eastman Chemical Company, the United States Automotive Materials Partnership LLC (USAMP), PADNOS, and Yanfeng International Automotive Technology Co. Ltd. have successfully completed a closed-loop recycling project for automotive mixed plastic waste. This initiative has showcased the capability to convert the remaining 10% to 20% (ASR), which is left through traditional mechanical recycling streams into synthesis gas (syngas).PRI Invests USD 12M to Serve Auto and Electronics Markets
Plastic Recycling Inc. annouced of making substantial investments in their recycling capabilities to meet the growing demand for automotive shredded residue. With a new compounding facility in Indianapolis and a production line in Spartanburg, S.C., Plastic Recycling is aiming to increase their recycling capacity by an impressive 60 million pounds per year. As part of a USD 10 million project, Plastic Recycling is instalingl an extrusion line and cutting-edge e-plastic sorting capabilities, which will allow PRI to produce compounds that meet the stringent specifications set by OEMs for use in automobiles and electronics. Separately, PRI aims to spend another USD 2 million installing a line in Spartanburg, S.C. to shred, wash and sort plastics from electronics, electrical appliances and vehicles.Sims Expects to Bring Pilot ASR Gasification Plant Online in 2023
Sims Limited has announced that the revised start-up date of their first gasification plant, located in Rocklea, Queensland, Australia, is set for February 2023, and expected to go online in 2025. This plant is the company's first full-scale commercial facility to have a capacity of 120,000 tonnes of automotive shredder residue (ASR).Key Company Profiles
The report delves into recent significant developments in the Automotive Shredded Residue Market, highlighting leading vendors and their innovative profiles. These include Allcontrols Ltd, Axion Ltd., Bernegger Group, BHS-Sonthofen GmbH, Danieli Centro Recycling, Eldan Recycling A/S, Fushun Ejet Magnetic Equipment Co.,Ltd, Galloo N.V., Klean Industries Inc, KONOIKE TRANSPORT, MBA Polymers Inc., MG Recycling srl, Minergy Corporation Limited, Nissan Motor Co., Ltd., SCHOLZ RECYCLING GMBH, Sicon GmbH, Sims Limited, SRW Metal Float GmbH, STEINERT GmbH, swissRTec AG, Tomra Systems ASA, Toyota Motor Corporation, Wendt Corporation, and Zato S.p.A.This research report offers invaluable insights into various crucial aspects of the Automotive Shredded Residue Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Automotive Shredded Residue Market, by Composition
7. Automotive Shredded Residue Market, by Technology
8. Americas Automotive Shredded Residue Market
9. Asia-Pacific Automotive Shredded Residue Market
10. Europe, Middle East & Africa Automotive Shredded Residue Market
11. Competitive Landscape
12. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- Allcontrols Ltd
- Axion Ltd.
- Bernegger Group
- BHS-Sonthofen GmbH
- Danieli Centro Recycling
- Eldan Recycling A/S
- Fushun Ejet Magnetic Equipment Co.,Ltd
- Galloo N.V.
- Klean Industries Inc
- KONOIKE TRANSPORT
- MBA Polymers Inc.
- MG Recycling srl
- Minergy Corporation Limited
- Nissan Motor Co., Ltd.
- SCHOLZ RECYCLING GMBH
- Sicon GmbH
- Sims Limited
- SRW Metal Float GmbH
- STEINERT GmbH
- swissRTec AG
- Tomra Systems ASA
- Toyota Motor Corporation
- Wendt Corporation
- Zato S.p.A.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 194 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.32 Billion |
| Forecasted Market Value ( USD | $ 1.91 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 24 |
