Press release
Aluminum Market Explore Future Growth 2025 by Top Players - Alcoa Corporation, Aluminum Corporation of China Limited (CHALCO), China Power Investment Corp. (CPI), Emirates Global Aluminum PJSC, Norsk Hydro ASA, Rio Tinto Alcan, United Company RUSAL Plc.,
Aluminum
About the Aluminum Market:
The global aluminum market holds the second largest market in the consumption volumes among all the metals, surpassed only by steel. In the coming decades, the demand for aluminum will consistently be increasing at unstoppable rates. Recent developments in the motor industry, the rapid growth of cities, new potential uses of aluminum as a substitute to copper in the power industry – these and many other trends mean that the winged metal is well placed to strengthen its dominant position as a key structural material of the 21st century.
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Aluminum Market Competition by TOP PLAYERS, with Aluminum sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including: Alcoa Corporation, Aluminum Corporation of China Limited (CHALCO), China Hongqiao Group Ltd., China Power Investment Corp. (CPI), East Hope Group Company Limited, Emirates Global Aluminum PJSC, Norsk Hydro ASA, Rio Tinto Alcan Inc., United Company RUSAL Plc., and Xinfa Group Co., Ltd.
Scope of the Report (Overlook 2018-2025):
The growth of the global aluminum market trends is mainly driven by development in the technological advancements, transport industry, processing equipment, and increase in usage of aluminum in various industries such as foil and packaging, building and constructions.
Geographically, Asia Pacific is one of the leading regions in the market, in terms of massive urbanization, rapid industrial development, and income of people residing in urban areas. The aluminum products provide lucrative opportunities in the aluminum market share due to the growing demand from emerging economies from China and India. Lowering energy requirement is one of the major challenges faced by the aluminum industry.
Aluminum market outlook is segmented based on the processing method, end user, and region. On the basis of the end user, the market is majorly categorized by transport, electrical engineering, building & construction, consumer goods, foil & packaging, machinery & equipment, and others. On the basis of the processing method, the market is divided into flat-rolled, extrusions, pigments & powder, forgings, rod & bar.
The aluminum is a chemical element depicted by AI and has an atomic no 13. It is silvery, ductile, soft and nonmagnetic. Corrosion resistance, reflectivity, and recyclability are other characteristics of aluminum, which makes it a favorable choice for various industrial applications.
The major drivers are the development in the transport industry, technological advancements in aluminum manufacturing technologies and processing equipment, and increase in usage of aluminum in various industries such as building & construction and foil & packaging.
The rise in the aluminum market forecast is estimated to witness the economic growth rate due to increase in the construction spending of customers in advanced and emerging economies, which in turn assists in the aluminum market expansion.
The Aluminum market is segmented as:
By end user
Transport
Building & Construction
Electrical Engineering
Consumer Goods
Foil & Packaging
Machinery & Equipment
Others (Solar Panel Nanotechnology and Aluminum Air Batteries)
By processing method
Flat Rolled
Castings
Extrusions
Forgings
Pigments & Powder
Rod & Bar
What Information does this report contain?
• Historical data coverage: 2014 to 2017; Growth Projections: 2018 to 2025.
• Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
• 6-7 year performance forecasts: major segments covering applications, top products and geographies.
• Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
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About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
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Adroit Market Research
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