Aluminium Market Expansion: US$ 233.3B by 2031 - Key Insights | Alcoa Corporation, Aluminium Corporation of China Limited, Century Aluminium Company, Rio Tinto, United Company RUSAL, Norsk Hydro ASA,

Aluminium Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Global Aluminium Market reached US$ 152.2 billion in 2022 and is expected to reach US$ 233.3 bllion by 2031, growing with a CAGR of 5.5% during the forecast period 2024-2031.

Aluminium is a lightweight, corrosion-resistant metal widely used in industries such as aerospace, construction, automotive, and packaging. Known for its excellent strength-to-weight ratio, it is highly versatile and can be easily shaped into various forms, including sheets, plates, and extrusions. Aluminium's non-toxic nature and recyclability make it an environmentally friendly material, contributing to sustainability efforts in numerous applications. It also has good electrical and thermal conductivity, making it a valuable material in electronics and energy industries.

List of the Key Players in the Aluminium Market:

Alcoa Corporation, Aluminium Corporation of China Limited, Century Aluminium Company, Rio Tinto, United Company RUSAL, Norsk Hydro ASA, Emirates Global Aluminium, National Aluminium Company Limited, Aluminium Bahrain and Kaiser Aluminium Corporation.

Industry Development:

On July 17, 2023, Aludecor, India's leading brand in Metal Composite Panels (MCP), introduced Nexcomb: a revolutionary Aluminium Honeycomb Panel that redefines creativity and design possibilities.

In July 2023, Jindal Aluminium Limited (JAL) announced plans to boost its production capacity to 60,000 tonnes annually by investing ₹100-150 crore at its Bhiwadi facility. This follows a ₹100 crore acquisition investment in 2021 and a ₹250 crore infusion in 2022, bringing the total investment to nearly ₹500 crore to meet the growing demand.

In July 2023, GUNNA Drinks, a soda brand committed to reducing plastic usage, launched its immune-boosting lemonades in eco-friendly aluminium bottles, a move aimed at reducing plastic waste and catering to the increasing demand for functional food and beverages.

Growth Forecast Projected:

The Global Aluminium Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Aluminium Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Aluminium Market:

By Product: Pure Aluminium, Alloy Aluminium

By Application: Pigments and Powder, Foils, Wires, Sheets and Plates, Rod and Bars, Ingots

By End-User: Transportation, Packaging, Construction, Electrical and Electronics, Consumer Goods, Industrial Equipment and Machinery, Others

Regional Analysis for Aluminium Market:

The regional analysis of the Aluminium Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Aluminium market?

➠ Who are the leading manufacturers in the global Aluminium industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Aluminium industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Aluminium market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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