Automotive Shredded Residue (ASR) Market to Reach $1.8 Billion, Globally, by 2032 at 5.8% CAGR: Allied Market Research [Yahoo! Finance]
Energy Recovery, Inc. (ERII)
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Source: Yahoo! Finance
increasing environmental regulations and the push for sustainable automotive practices. WILMINGTON, Del. Aug. 29, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, Automotive Shredded Residue (ASR) Market by Application (Landfill, Energy Recovery and Recycling), Composition (Metals, Plastics, Rubber, Textile and Others), and Technology (Air Classification, Optical Sorting, Magnetic Separation, Eddy Current Separation, Screening and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032" . According to the report, the automotive shredded residue (ASR) market was valued at $1.1 billion in 2023, and is estimated to reach $1.8 billion by 2032, growing at a CAGR of 5.8% from 2024 to 2032. The global automotive shredded residue (ASR) market is growing due to continuous technological advancement in post shredding technologies, rise in resource scarcity, and surge in demand for recycled materials, regulatory pressures from governments and environmental
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