As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global aluminium market is dominated by the transport and the construction segments. The increasing demand from these segments is aiding the demand growth for aluminium. The Asia Pacific region and the Americas are significant regional markets in the industry. The Asia Pacific region is one of the largest producers of aluminium, along with Canada, Russia, and the United Arab Emirates. China is the leading producer within the Asia Pacific region as well as a significant consumer of aluminium. Apart from China, India is witnessing an increased demand for aluminium supported by its rising construction as well as transportation sector.
Another major producer and exporter of aluminium is Australia. The downstream industry for the product is driving the market growth in the region. The nation produces a significant volume of alumina and bauxite. Within the country, packaging, construction, and non-ferrous manufacturing account for the largest share of the end-use industry. The increasing demand for aluminium in the United States and some European nations is also propelling the market growth for aluminium. The countries significantly use the product for manufacturing aircraft.
In May 2018, Alcoa Corporation (NYSE: AA) and Rio Tinto (NYSE: RIO), major players in the aluminium market, joined hands for a venture called Elysis, where they will undertake the first ever carbon-free aluminium smelting process. An investment of nearly USD 188 million (CAD) has been put into the project by Alcoa, Rio Tinto, the Government of Canada, the Government of Quebec, and Apple.Alcoa, a United States-based company, is one of the largest producers of aluminium and aluminium products in the world. Its joint venture with Rio Tinto is expected to further add to the growth of the aluminium market globally.
Market Analysis by Types, Applications, and Regions:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global aluminium market include China Hongqiao Group Limited, Aluminum Corporation of China Limited, Rusal, Rio Tinto Limited, Emirates Global Aluminium PJSC (EGA), Alcoa Corporation, East Hope Group, and Norsk Hydro ASA among others. The comprehensive report by EMR covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.