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The Automotive Shredded Residue (ASR) Market is projected to reach $1.6 billion by 2028, driven by increasing vehicle recycling and stringent environmental regulations. ASR, the non-metallic material left after vehicle shredding, is gaining importance for recovery and recycling processes. Europe leads the market, followed by North America and Asia-Pacific, with growth fueled by advancements in sorting and recycling technologies.

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Published by Danny Briggs, 2024-08-29 07:40:00

Automotive Shredded Residue (ASR) Market

The Automotive Shredded Residue (ASR) Market is projected to reach $1.6 billion by 2028, driven by increasing vehicle recycling and stringent environmental regulations. ASR, the non-metallic material left after vehicle shredding, is gaining importance for recovery and recycling processes. Europe leads the market, followed by North America and Asia-Pacific, with growth fueled by advancements in sorting and recycling technologies.

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