Global Aluminum Market Review and Forecast 2019-2026


Posted March 16, 2020 by prachitisharma98

Aluminum is a lightweight, nonmagnetic, soft, and ductile metal present in the boron group.

 
Bharat Book Bureau Provides the Trending Market Research Report on “Global Aluminum Market by End User, Processing Method and Series, Growth Opportunity Analysis and Industry Forecast, 2019-2026”under Chemical and Materials Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
The Global Aluminum Market was valued at $147.2 billion in 2018, and is projected to reach $189.8 billion by 2026, growing at a CAGR of 3.2% from 2019 to 2026.
Aluminum is a lightweight, nonmagnetic, soft, and ductile metal present in the boron group. It is the third most abundant element found in the earth’s crust. It is usually extracted from minerals such as cryolite and bauxite. It forms a reflective coating when evaporated in vacuum, which is utilized for manufacturing of telescope mirrors, packaging products, and toys. It is used in the production of a variety of products such as foils, window frames, kitchen utensils, airplane parts, beer kegs, and others.
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Growth in transport industry and technological advancements in aluminum manufacturing technologies and processing equipment are the major factors that drive the growth of the aluminum market. Rapid increase in applications in various end-user industries such as construction and packaging further fuel the market growth.
Asia-Pacific is expected to register substantial growth owing to increasing income of people in urban areas, rapid industrial development, and massive urbanization in emerging economies such as China & India. Increase in use of substitutes such as carbon fiber and fluctuation in prices of raw materials are some of the factors restraining the market growth. However, rise in demand for recycled aluminum products is expected to provide potential growth opportunities for the industry.
The market is segmented into grades, end user, processing method, and region. Based on grades, it is categorized into series 1, series 2, series 3, series 4, series 5, series 6, series 7, and series 8. Based on end user, it is classified into transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others (solar panel nanotechnology and aluminum air batteries).
The processing method segment is divided into flat rolled, castings, extrusions, forgings, pigments & powder, and rod & bar. Based on region, the market is analyzed across North America, Europe, and LAMEA.
Key players operating in the global aluminum market are :
Alcoa Corporation, Aluminium Corporation of China Limited (CHALCO), Aluminum Bahrain B.S.C., China Hongqiao Group Ltd., East Hope Group Company Limited, Emirates Global Aluminium PJSC, Norsk Hydro ASA, Rio Tinto Alcan Inc., United Company RUSAL Plc. and Xinfa Group Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
• The report includes in-depth analysis of different segments and provides market estimations between 2019 and 2026
• A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
• Porter’s Five Forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies
• Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume
• Key market players are profiled to gain an understanding of the strategies adopted by them
• This report provides a detailed analysis of the current trends and future estimations from 2019 to 2026, which helps identify the prevailing market opportunities
KEY MARKET SEGMENTS
• By Processing Method
Flat Rolled
Castings
Extrusions
Forgings
Pigments & Powder
Rod & Bar

• By End User Industry
Transport
Building & Construction
Electrical Engineering
Consumer Goods
Foil & Packaging
Machinery & Equipment
Others (Solar Panel Nanotechnology and Aluminum Air Batteries)
• By Grades
Series 1
Series 2
Series 3
Series 4
Series 5
Series 6
Series 7
Series 8
• By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Turkey
Rest of LAMEA
KEY MARKET PLAYERS
• Alcoa Corporation
• Aluminium Corporation of China Limited (CHALCO)
• Aluminum Bahrain B.S.C.
• China Hongqiao Group Ltd.
• East Hope Group Company Limited
• Emirates Global Aluminium PJSC
• Norsk Hydro ASA
• Rio Tinto Alcan Inc.
• United Company RUSAL plc.
• Xinfa Group Co., Ltd.
The other players operating in the value chain of the global aluminum market are Ball Corporation, BHP Billiton Limited, Century Aluminium Company, Crown Holdings Incorporated, Constellium N.V., Glencore International AG, Hindalco Industries Ltd., Jindal Iron & Steel Company Limited , JW Aluminum Company, Kaiser Aluminum Corporation, National Aluminum Company Limited, Orkla ASA, Rexam plc, Shandong Nanshan Aluminum Co., Ltd., South32 Limited, State Power Investment Corporation, Talco Aluminum Company, Vale SA, and Vedanta Resources Plc.
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Tags aluminum market by product , aluminum market , aluminum market by region , aluminum market forecast , aluminum market report
Last Updated March 16, 2020