Europe Aluminum Market Share, Growth By Business Developments 2022 To 2028

Precision Business Insights published a research report on "Europe Aluminum Market: By Product (Flat Rolled, Pigment & Powder, Forgings, Extrusions, Castings, Rod & Bar and Others), Type (Secondary/Recycled Aluminum and Primary Aluminum), Application (Building & Construction, Consumer Goods, Electrical, Foil & Packaging, Hardware & Accessories, Machinery & Equipment, Solar Industry, Transportation, Utensils and Others) - Global/Region/Country Forecast to 2028"

Aluminium comes in a variety of shapes, including ingots, plates, sheets and foils, and cables and wires. Aluminium's ultimate market is sheets and foils. Aluminium is an electronegative metal with a strong attraction to oxygen. It is the world's sixth most ductile and second most malleable metal. It has a low density of 2.7g/cc, has a high degree of conductivity after copper, and is easy to alloy with other metals to increase mechanical qualities. Aluminium is made from alumina (pure aluminium oxide), which is taken from bauxite through a refining process. Smelting is the process of collecting pure aluminium once it has been extracted and converting it to molten aluminium. Once the liquid metal has been collected, it is transported to a casting facility where it is cleaned and moulded into various shapes.

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Aluminum goods are increasingly being used in the vehicle industry, resulting in market growth. Due to an increase in the number of aeroplanes made of lightweight materials, Germany and France are leading the European region. After a slightly negative year in 2018, primary aluminium production in Europe stayed unchanged in 2019. Global trade difficulties and high energy prices in Europe continued to put pressure on the aluminium supply chain, resulting in flat production. Around half of the aluminium products required by the EU28 members are still imported. Norway and Iceland are the major exporters of primary aluminium in the European Economic Area. Around 1.2 million tonnes of aluminium were exported by the EU in 2019. Approximately 80% of this is exported to Asia. Semi-fabricated product demand in Europe was uneven, according to figures. In 2019, European demand for flat rolled products (FRP) was moderately positive after several years of strong growth. Packaging and transportation, which account for more than 60% of FRP demand, have propelled up demand.

The Aluminum Market is fragmented on the basis of Processing Type, which is further divided into Extrusions, Castings, Forgings, Rods and Bars, Pigments and Powder, and Sheets and Plates. On the basis of End-user Industry, the market is segregated into Automotive, Aerospace and Defense, Electrical and Electronics, Building and Construction, Packaging, Industrial, and Other End-user Industries.

The construction industry in Europe is the world's largest, and it is growing at a healthy rate as a result of rising population, rising affluence, and urbanisation. As a result, demand for hotels, shopping malls, high-rise buildings, arenas, and stadiums (both indoor and outdoor) has increased, increasing the construction industry and raising aluminium demand in the region.

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There are several industry players working in the Europe Aluminum Market, which include Alcoa Corporation (U.S.) Aluminum Bahrain (Bahrain) Aluminum Corporation of China (China) BHP Billiton Aluminum Australia Pty Ltd. (Australia) Century Aluminum Company (U.S.) China Hongqiao Group (China)

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