Aluminium Metals Market Information-by Type (Primary Aluminium, Recycled Aluminium), by Application (Automotive & Transportation, Construction, Foil & Packaging, Electrical, Machinery & Equipment, Consumer Goods and others) and by Region – Forecast to 2022
Key Market Players:
The key players of Global Aluminium metals Market are RUSAL, Aluminium Corporation of China Ltd., Rio Tinto Alcan Inc., Norsk Hydro ASA, Alcoa, Inc., China Hongqiao Group Limited, and Emirates Global Aluminium PJSC
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The aluminium metal market has experienced a steady period of growth since its discovery. Market Research Future which specializes in market reports related to the chemicals and materials sector amongst others lately published a report on this industry. The market is projected to reach USD 1, 60,697 million by the end of the year 2022, while growing at a CAGR of 5.3 per cent from 2016 to 2022.
Due to the widespread availability and abundance of the metal, have led to the presence of this metal in diverse applications. Applications of aluminium have also significantly contributed to the increase of the metal extraction. The characteristics of the metal such as light weightedness, flexiblity and malleability have led to the incorporation of the product in diverse industry.
Aluminium Metals Market is projected to reach USD 60,696.1 million by 2022 with 5.3% CAGR during review period of 2016-2022
Asia-Pacific accounted for largest share due to growing application industries in this region
Aluminium metals market is dominated by the top ten producers of aluminium in the world, the demand for aluminium metals across automotive & transportation, and rapid industrialization & urbanization coupled with a booming construction sector in the developed markets to bolster aluminium metals market growth.
Reasons to Buy:
This report includes in-depth study analysis of Aluminium metals market
It covers market segmentation by type, by application and by end user.
It helps in identifying region-wise major suppliers and understand consumption patterns.
The report will provide useful and premium insights that will support in investments of Aluminium metals and allied companies providing details on the fast-growing segments and regions.
In addition, it will provide key findings that will help the companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report.
The data used in the report is primarily based on primary interviews with the major producing companies and industry experts and supported by authentic industry data from secondary sources.
The industry for aluminum is divided into the following categories for better perspective of the market and its development.
By Application: Construction, Machinery & Equipment, Consumer Goods, Foil & Packaging, Automotive & Transportation, Electrical and Others
By Regions: Asia-Pacific, North America, Latin America, Europe and Middle East & Africa
By Types: Recycled Aluminium and Primary Aluminium
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Detailed Regional Analysis:
The Asia-Pacific region controls the aluminium metals industry both in terms of value and volume and will be expected to grow considerably at a CAGR per cent of 5.3 approximately. China is the chief income producing country due to growing consumption of aluminium metals across diverse industries and great export levels of aluminium. Europe is the second biggest market share in the international aluminium metals market.
Axion Recycling, which is a resource recovery expert will be entering into a business association with Jaguar Land Rover in its ongoing venture to grow the recycled aluminium content in fresh cars. The project named the REALITY project was established in 2017 and will continue for three years. Another initiative, The REALCAR scheme retrieved over 75,000 tonnes of aluminium from vehicles at their end-of-life stage in period from 2016 to 2017 which were used again in new vehicles.
Novelis which is an American subsidiary of the Aditya Birla flagship Hindalco that they will spend around $300 million in an aluminium sheet manufacturing facility for automotive in Kentucky owing to its plans to increase the production for automotive needs to meet the accumulative demand. The project which is anticipated to get commissioned by 2020 will have a volume of 200,000 metric tons and will comprise of heat treatment and pre-treatment lines that prepare aluminum for vehicle parts.
Yunnan Chihong Zinc, Yunnan Aluminium and Germanium recently announced that their holding entity, the State-owned Assets Supervision and Administration Commission (SASAC) of the Yunnan branch, was preparing to excercise its governing stake in these entities to unite with Chinalco.
The report for Global Aluminium metals Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions
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