Aluminium Market 2022-2027: Global Industry Analysis, Share, Size, Growth and Forecast

According to the latest report by IMARC Group, titled, "Aluminium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global aluminium market is expected to exhibit a CAGR of 5.66% during 2022-2027.

Industry Definition and Application:

Aluminium (Al) is a lightweight, non-ferrous metal with a silvery-white appearance. It is extracted through the Bayer process, where bauxite ore is refined to obtain Al oxide, which is then smelted using the Hall-Heroult method to get pure Al. It offers excellent strength, durability, flexibility, malleability, and resistance to corrosion and oxidation. It also boasts superior reflectivity and high electrical and thermal conductivity. It is used in various applications due to its ability to form compounds with other elements. As a result, aluminium finds extensive applications in the production of automobiles, smartphones, tablets, personal computers (PCs), refrigerators, and other electronic devices across the globe.

Aluminium Market Trends:

The global aluminium market is primarily driven by increasing product utilization in the food and beverage sector to manufacture packaging containers due to its non-toxic nature, extended food preservation, and anti-microbial properties. Moreover, rising product utilization in modern vehicle production for manufacturing wheels, engines, chassis, and other parts has led to better fuel economy, efficiency, and lightweight, thereby positively influencing the market growth. Furthermore, the increasing use of aluminum in the construction industry for producing windows, curtain walls, roofing and cladding, solar shading, solar panels, railings, shelves, and other temporary structures are contributing to the market growth. Other factors, including rising demand for ready-to-eat (RTE) foods, emerging pharmaceutical packaging applications, expanding consumer electronics sales, and surging construction activities, are also anticipated to create a positive market outlook.

Request a Free Sample Report: https://www.imarcgroup.com/aluminium-market/requestsample

Aluminium Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Alcoa Corporation
Aluminium Bahrain BSC
Century Aluminium Company
China Hongqiao Group Limited
East Hope Group
Emirates Global Aluminium PJSC
Kaiser Aluminium
Norsk Hydro ASA
Novelis Inc. (Hindalco Industries Limited)
Rio Tinto Ltd.
Vedanta limited.

The report has segmented the market on the basis on series, processing method and end use industry.

Breakup by Series:

Series 1
Series 2
Series 3
Series 4
Series 5
Series 6
Series 7
Series 8

Breakup by Processing Method:

Flat Rolled
Castings
Extrusions
Forgings
Pigments and Powder
Rod and Bar

Breakup by End Use Industry:

Transport
Building and Construction
Electrical Engineering
Consumer Goods
Foil and Packaging
Machinery and Equipment
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/aluminium-market

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Report by IMARC Group:

China Citric Acid Market: https://www.openpr.com/news/2835606/china-citric-acid-price-trend-2022-hit-414-500-tons-by-2027-imarc

Construction Equipment Market: https://www.openpr.com/news/2883917/construction-equipment-market-report-2023-industry-overview

Europe Ceramic Tiles Market: https://www.openpr.com/news/2920775/europe-ceramic-tiles-market-size-share-analysis-and-forecast

Material Testing Market: https://www.openpr.com/news/2929408/material-testing-market-demand-share-key-players-size

Propylene Glycol Market: https://www.openpr.com/news/2753507/propylene-glycol-market-share-industry-growth-analysis

Zirconium Market: https://www.openpr.com/news/2809081/global-zirconium-market-expected-to-reach-us-2-65-billion

Contact Us:

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA 
Website: https://www.imarcgroup.com
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.