openPR Logo
Press release

What will boost Aluminum Market in coming years? Key players Chalco, AWAC, Rio Tinto, Rusal, Alcoa Corporation, Novelis

03-13-2020 12:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Aluminum Market

Aluminum Market

The Aluminum Market size was estimated at USD 160 Billion in 2018 and is projected to surpass USD 250 Billion by the year 2026.

During the period of 2019-2026, the Aluminum Market is anticipated to expand with a CAGR of 6.5%. The global aluminum market is poised for robust growth on account of widespread applications across several industry verticals.

Get sample copy of this research report @

In addition to the aerospace & defense sector, aluminum is extensively used in the food industry for packaging consumable items. Aluminum foils have emerged as a preferred packaging option to avert the loss of valuable aromas in food items. The product's superior properties like strength and formability make it a vital part in several packaging and container products.

Based on product, the aluminum market is classified into forged products, flat products, extruded products, cast products, and long products. Out of these, the forged product segment is expected to record significant growth by the year 2026.

Growth Drivers are

o North America : Growing construction and automotive industry growth
o Europe : Rising consumer preference for aluminum packaging
o Asia Pacific : Significant industrialization & construction activities

These products are extensively used across aerospace & defense, marine, transportation, and commercial & military aviation owing to its ability to endure through intense physical conditions. Forged aluminum also offers fatigue resistance, exceptional toughness, stress & corrosion resistance, and cryogenic properties. These features may help drive forged aluminum market size over the forecast period.

Make an Inquiry for purchasing this Report @

Aluminum market is gaining traction across transportation application as well. Burgeoning trends for manufacturing commercial vehicles may fuel the demand for aluminum. Meanwhile, profound application in consumer durables such as sports equipment, tablet, PCs, furniture, and flat TVs may improve its market outlook.

On the regional front, China is anticipated to offer lucrative growth opportunities for companies operating in the aluminum market. China recorded the highest market share owing to substantial industrial development and urbanization. Rapid growth in the Chinese economy has led to the development of several new aluminum smelting facilities.

By Processing Method
o Rolling
o Extruding
o Drawn
o Casting
o Forging

By Application
o Transport
o Construction
o Electrical & Electronics
o Packaging
o Equipment & Machinery
o Consumer durables
o Foil Stock
o Others

Key players are - Chalco, AWAC, Rio Tinto, Rusal, Norsk Hydro, Shandong Xinfa Aluminium Group, South 32, Hongqiao Group, Emirates Global Aluminum, SPIC, Alcoa Corporation, Vedanta Limited, Hangzhou Jinijang Group, Arconic, Century Aluminium, JW Aluminium, Logan Aluminium, Aleris Rolled Products, Hindalco, Novelis.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What will boost Aluminum Market in coming years? Key players Chalco, AWAC, Rio Tinto, Rusal, Alcoa Corporation, Novelis here

News-ID: 1966407 • Views: 435

More Releases from global market insights

Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers. Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies. Meanwhile, yet other company, Boston Metal has declared having raised over USD 20
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses. Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet

All 5 Releases

More Releases for Aluminum

Aluminum Wire Market Is Booming Worldwide | Kaiser Aluminum, Baotou Aluminium
HTF MI recently introduced Global Aluminum Wire Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Kaiser Aluminum, Baotou Aluminium, Vimetco, UC RUSAL, Southwire, Alro, Hydro, Southern
High Purity Aluminum Target Market The High Purity Aluminum Target market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for High Purity Aluminum Target. This report presents the worldwide High Purity Aluminum Target
Recycled Aluminum Market 2017 - 2025| Kuusakoski Group, CCL Industries., Novelis …
Researchmoz added Most up-to-date research on "Recycled Aluminum Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its huge collection of research reports. Recycling is encountering a rebirth for managing growing volumes of solid waste. The attraction of recycling has got the attention due to much of the material is thrown away. However the governments across the world is working towards recycling most of the
Aluminum Mining Market
Global Aluminum Mining Market: Overview The extensive use of aluminum in multifarious applications over several industries is likely to bolster growth of the global aluminum mining market. The report discusses the major developments, restraints, growth drivers, and opportunities in the global aluminum mining market. The major market players have been discussed in detail, wherein their key market strategies, product portfolios, and market shares are revealed. The report also sheds light on value
Global Aluminum Lithium Alloys Market - Constellium, Aleris, FMC, Southwest Alum …
Report covers Aluminum Lithium Alloys global sales and global Aluminum Lithium Alloys market growth rate [2011 to 2021]. Below is the list of some key points of Aluminum Lithium Alloys market report. The Apex Market research study convey remarkable naturalistic facts and statistics of the worldwide Aluminum Lithium Alloys market. The report presents a deep study of the market growth factors and drivers. In-depth research of the Aluminum Lithium Alloys Market
Global Anodized Aluminum Extrusions Market 2017 - Sapa, SAF Southern Aluminum Fi …
The Anodized Aluminum Extrusions Market 2017 examines the performance of the Anodized Aluminum Extrusions market, enclosing an in-depth judgment of the Anodized Aluminum Extrusions market state and the competitive landscape globally. This report analyzes the potential of Anodized Aluminum Extrusions market in the present as well as the future prospects from various angles in detail. The Global Anodized Aluminum Extrusions Market 2017 report includes Anodized Aluminum Extrusions industry volume, market Share,