Aluminium Market expected to reach $167, 277 million growing at a CAGR of 3.3% by 2022 | Top Key Players Alcoa Corporation, Aluminium Corporation of China Limited (CHALCO), China Hongqiao Group Ltd

Global aluminium market was valued at $133, 564 million in 2015, and is expected to reach $167, 277 million by 2022, growing at a CAGR of 3.3% from 2016 to 2022. Aluminium 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, but is seldom found uncombined in nature. It is usually extracted from minerals such as cryolite and bauxite. It forms a reflective coating when evaporated in vacuum, which is utilized to of manufacture telescope mirrors, packaging, and toys. It is used in production of variety of products such as foils, window frames, kitchen utensils, airplane parts, beer kegs, and others.

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Fibers Consisting Of 92% Or Greater Carbon Weight Are Known As Carbon Fiber, Which Offers Properties Such As Light Weightiness, Elasticity, Stiffness, Strength, High Temperature Resistance, High Damping Properties, And Chemical Inertness. The Global Carbon Fiber Market Was Valued At $1, 980 Million In 2015, And Is Anticipated To Reach $4, 650 Million By 2022, Growing At A Cagr Of 11.1% During The Forecast Period. In Terms Of Volume, The Market Is Anticipated To Reach 143 Kilotons By 2022, Growing At A Cagr Of 13.0%. It Is Segmented Based On Raw Material, Type, Form, End-Use Industry, And Geography. The Demand For Carbon Fiber Has Increased Owing To Its Increased Use In Wind Turbines, Automotive, Sailing/Yacht Building,

Growth in transport industry and technological advancements in aluminium manufacturing technologies and processing equipment are the major factors that drive the growth of the aluminium 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 growth in income of people in urban areas, rapid industrial development, and massive urbanization in emerging economies such as China & India. Increase in competition from substitutes such as carbon fiber and fluctuation in prices of raw materials restrain the market growth.

However, rise in demand for recycled aluminium products is expected to provide potential growth opportunities for the industry.
The report segments the aluminium market on the basis of end user, processing method, and geography. According to end user, the market is divided into transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others (solar panel nanotechnology and aluminium air batteries). Based on processing, it is categorized into flat rolled, castings, extrusions, forgings, pigments & powder, and rod & bar. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In November 2016, Alcoa Corporation launched SUSTANA, an aluminium product line manufactured with recycled content and low carbon emissions to cater to the rising demands for sustainable aluminium products. The key products of this product line include ECOLUM and ECODURA. ECOLUM is a range of least carbon-intensive cast products and ECODURA are aluminium billets produced from recycled content.

Major players operating in this market are

Alcoa Corporation, Aluminium Corporation of China Limited (CHALCO), China Hongqiao Group Ltd., China Power Investment Corp. (CPI), East Hope Group Company Limited, Emirates Global Aluminium PJSC, Norsk Hydro ASA, Rio Tinto Alcan Inc., United Company RUSAL Plc., Xinfa Group Co., Ltd.

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KEY BENEFITS FOR STAKEHOLDERS
• This report provides a quantitative analysis of the current trends and estimations from 2014 to 2022 of aluminium market, which assists to identify the prevailing market opportunities.

• Major countries in each region are mapped according to individual market revenue.

• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.

• An in-depth analysis of current research and clinical developments within the market is provided with key dynamic factors that highlight the market behavior.

• Leading players and their key developments in recent years are listed.
Aluminium Market Key Segments:

By End User Industry
• Transport
• Building & Construction
• Electrical Engineering
• Consumer Goods
• Foil & Packaging
• Machinery & Equipment
• Others (Solar Panel Nanotechnology and Aluminium Air Batteries)

By Processing Method
• Flat Rolled
• Castings
• Extrusions
• Forgings
• Pigments & Powder
• Rod & Bar

By Geography
• North America
• Europe
• Asia-Pacific
• LAMEA

KEY PLAYERS

Aluminium Bahrain B.S.C, Ball Corporation, BHP Billiton Limited, Century Aluminium Company, Crown Holdings Incorporated, Constellium N.V., Glencore International AG, Hindalco Industries Ltd., Jindal Iron and Steel Corporation Limited, JW Aluminium Company, Kaiser Aluminium Corporation, National Aluminium Company Limited, Orkla ASA, Rexam Plc., Shandong Nanshan Aluminium Co., Ltd., South32 Limited, State Power Investment Corporation, Talco Aluminium Company, Vale SA, Vedanta Resources Plc.

(Companies mentioned above are not profiled in the report, but can be profiled upon client request.)

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