Aluminum Market was valued US$ 145 Bn in 2017 and is estimated to reach US$ 225 Bn by 2026 at a CAGR of about 5.5 % during a forecast.
Aluminum ranks number two in the consumption volumes among all the metals, exceeds by steel. Demand for Aluminum will continue increasing unstoppable rates. A recent innovation in the industry and urban areas also, demand for the aluminum from end-use industries such as transportation and construction, electrical, machinery along with rising automotive industry are the major factors driving the growth of the market. Aluminum as a substitute to copper in the power industry, and as a propellant for solid rocket booster motor in space shuttle due to its high volumetric energy density acts as an opportunity to global aluminum market. Corrosion resistance, reflectivity, and recyclability are other characteristics of aluminum, which makes it a favorable choice for various industrial applications. Aluminum is 100% recyclable loses none of its properties during the recycling process.
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Aluminum is available in various shapes like plates, ingots, sheets & foils, and cables & wires. Sheets and foils hold a supreme market of aluminum. In metal, part fabrication industry steel is replaced by aluminum due to its light weight which is one-third of steel. Foils are mainly used for packaging of beverages & food. Sheets & foils segment is followed by cables & wires. In the electrical sector, aluminum is principally known for its financial advantage.
Transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others are end-use segments of aluminum market. Aluminum act as a conductor in the electric industry, and material in machinery & equipment segment, also used for packaging of food owing to its property such as impervious to moisture, light, bacteria and all gases. Building and construction segment leads the aluminum market followed by transportation and packaging. As aluminum offers excellent properties like air tightness, durability, its versatility, lightweight and receptiveness to being polished hence being popularly used in building and construction sector.
Regional segments of aluminum market include North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Among these Asia Pacific dominates the market followed by North America and Europe. In the Asia Pacific, China accounted for the highest market share. North America is growing at a CAGR of 8-10 %. Europe shows a significant growth in aluminum market due to flexibility and contribution to energy efficiency making it favorable for applications in building and construction.
Key players of Aluminum market include JW Aluminum Company, Kaiser Aluminum Corporation, National Aluminum Company Limited, Orkla ASA, Rexam plc, Shandong Nanshan Aluminum Co., Ltd., South32 Limited, State Power Investment Corporation, Talco Aluminum Company, Vale SA, and Vedanta ReProduct s Plc., Aluminum Bahrain B.S.C, Ball Corporation, BHP Billiton Limited, Century Aluminum Company, Crown Holdings Incorporated, Constellium N.V., Glencore International AG, Hindalco Industries Ltd., Jindal Iron & Steel Company Limited
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Scope of the Aluminum Market:
Aluminum Market By Product Type:
• Plates
• Ingots
• Sheets & Foils
• Cables & Wires
Aluminum Market By End-User Type:
• Transport
• Building & Construction
• Electrical Engineering
• Consumer Goods
• Foil & Packaging
• Machinery & Equipment
• Others
Aluminum Market By Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Analysed In the Aluminum Market:
• United Company RUSAL Plc.
• Aluminum Corporation of China Limited
• Rio Tinto Alcan Inc.
• Aluminum Bahrain B.S.C
• Ball Corporation
• BHP Billiton Limited
• Century Aluminum Company
• Crown Holdings Incorporated
• Constellium N.V.
• Glencore International AG
• Hindalco Industries Ltd.
• Jindal Iron & Steel Company Limited
• JW Aluminum Company
• Kaiser Aluminum Corporation
• National Aluminum Company Limited
• Orkla ASA
• Rexam plc
• Shandong Nanshan Aluminum Co.
• South32 Limited
• State Power Investment Corporation
• Talco Aluminum Company
• Vale
• Vedanta ReProduct s Plc.
MAJOR TOC OF THE REPORT
Chapter One: Aluminum Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Aluminum Market Competition, by Players
Chapter Four: Global Aluminum Market Size by Regions
Chapter Five: North America Aluminum Revenue by Countries
Chapter Six: Europe Aluminum Revenue by Countries
Chapter Seven: Asia-Pacific Aluminum Revenue by Countries
Chapter Eight: South America Aluminum Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Aluminum by Countries
Chapter Ten: Global Aluminum Market Segment by Type
Chapter Eleven: Global Aluminum Market Segment by Application
Chapter Twelve: Global Aluminum Market Size Forecast (2019-2026)
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