Automotive Shredded Residue (ASR) Market Set to Reach $1.6 Billion by 2028
Verfasser: ashwani_kailiya on Monday, 9 October 2023The report "Automotive Shredded Residue (ASR) Market by Application (Landfill, Energy recovery, Recycling), Composition, Technology ( Air classification, Optical sorting, Magnetic separation, Eddy current separation, Screening) and Region - Global Forecast to 2028", is projected to reach USD 1.6 billion by 2028, at a CAGR of 6.6% from USD 1.1 billion in 2023.
The growth of the automotive shredded residue (ASR) market is primarily driven by escalating resource scarcity and a growing need for recycled materials. Regulatory pressures from government and environmental agencies, coupled with ongoing technological innovations in post-shredder technology, further contribute to its expansion.
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“Plastics by composition is projected to be the largest, in terms of value, during the forecast period.”