Aluminum Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Aluminum Market place for the forecast 2021– 2027.
Rise in requirement from emerging nations such as India & China and rise in employment of recycled aluminum goods all over world offers growth opportunities for the market expansion.
Aluminum is an electronegative metal, which has strong oxygen affinity. It is the second most malleable and sixth most ductile metal present on the planet. It is remarkably light having 2.7g/ccm density, possesses high degree of conductivity, is impervious to dust, and shows momentous strength when alloyed. It is used widely in pharmaceutical and food & packaging sectors, as it preserves food for prolonged times, is nontoxic in nature, and slows down growth of microorganisms. Aluminum is good conductor of electricity and hence is employed regularly in electrical transmission lines. Moreover, it is employed as major propellant in space shuttle for solid rocket booster motor owing to its high volumetric energy density. Reflectivity, corrosion resistance, and recyclability are other features of Aluminum, which makes it a good choice for different industrial applications.
Aluminum market is divided by processing method, end user, and geography. By end user, the market is divided into building & construction, transport, consumer goods, electrical engineering, machinery & equipment, foil & packaging, and others (aluminum air batteries and solar panel nanotechnology). As per processing, the market is segmented into castings, flat rolled, forgings, extrusions, rod & bar, and pigments & powder. By series, the market is divided into series 1, series 2, series 3, series 4, series 5, series 6, series 7, and series 8. Regional breakdown and deep analysis of every abovementioned sections is comprised for Asia Pacific, Europe, North America, and LAMEA.
The major players included in the global aluminum market forecast are Aluminium Corporation of China Limited (CHALCO), Alcoa Corporation, China Power Investment Corp. (CPI), China Hongqiao Group Ltd., Emirates Global Aluminum PJSC, East Hope Group Company Limited, Rio Tinto Alcan Inc., Norsk Hydro ASA, Xinfa Group Co., Ltd., United Company RUSAL Plc., Ball Corporation, Aluminium Bahrain B.S.C, Century Aluminium Company, BHP Billiton Limited, Constellium N.V., Crown Holdings Incorporated, Hindalco Industries Ltd., Glencore International AG, JW Aluminum Company, Jindal Iron & Steel Company Limited, National Aluminum Company Limited, Kaiser Aluminum Corporation, Rexam plc, Orkla ASA, South32 Limited, Shandong Nanshan Aluminum Co., Ltd., Talco Aluminum Company, State Power Investment Corporation, Vedanta Resources Plc., and Vale SA.
Aluminum Key Market Segments:
By End User Industry: Transport, Building & Construction, Electrical Engineering, Consumer Goods, Foil & Packaging, Machinery & Equipment, Others
By Processing Method: Flat Rolled, Castings, Extrusions, Forgings, Pigments & Powder, Rod & Bar
By Series: Series 1, Series 2, Series 3, Series 4, Series 5, Series 6, Series 7, Series 8
The Development Of The Global Aluminum Market Is Powered By Technological Advancements And Growth In The Transport Industry
The development of the global aluminum market is powered by technological advancements in aluminum manufacturing processing tools & techs, growth in the transport industry, and rise in employment of aluminum in different segments such as foil & packaging and building & construction. Asia Pacific is the top region, in terms of development, owing to growth in income of people living in urban areas, massive urbanization, and rapid industrial growth. Moreover, incessant advancements in transport sector and current R&D activities to design more effective, innovative, and affordable aluminum goods power the development of the market. On the other hand, fluctuations in costs of raw materials such as alumina and rise in competition from substitutes are some factors that hinder the aluminum market development. Rise in requirement from emerging nations such as India & China and rise in employment of recycled aluminum goods all over world offers growth opportunities for the market expansion. Reducing energy needs is one of the major hurdles faced by aluminum market.
Market by Regional Analysis
China Accounted For The Uppermost Share Of Aluminum Market In The Asia Pacific Aluminum Market Due To Industrial Development And Massive Urbanization
China accounted for the uppermost share of the aluminum market in the Asia Pacific aluminum market due to industrial development and massive urbanization. Capacity expansions, new product developments, and acquisitions are the major tactics employed by the Chinese makers to grow their market share.
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