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Global Aluminium Market: By Type: Primary, Recycled; By Application: Transport, Construction, Electrical, Packaging and Foil, Consumer Goods, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Price Analysis; Trade Data Analysis; Porter’s Five Forces Analysis; Value Chain Analysis; Procurement Strategy; Cost Analysis; Competitive Landscape & Supplier Analysis; Manufacturing Process; Production Cost Analysis and Project Economics

Global Aluminium Market Key Insights:

 

  • Applications Transport, Construction, Electrical, Packaging and Foil, Consumer Goods, Others
  • Market Analysis and Outlook 2020-2025
  • Trade Analysis
  • Market Performance
  • Breakup by Region
  • Price Analysis
  • Competitive Landscape
  • Value Chain Analysis
  • Mergers and Acquisitions

 

Market Outlook

The global aluminium market reached a consumption volume of nearly 68.6 million metric tons in 2019. The aluminium market consumption is expected to grow at a CAGR of around 3.63% in the forecast period of 2020-2025 to reach a volume of approximately 85 million metric tons by 2025. The leading application sector for the metal is the transport segment, followed by the construction industry, with the two sectors accounting for over 50% of the metal’s applications.

Global Aluminium Market Report and Forecast 2020-2025

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The Asia Pacific and the Americas are among the regions with high maturity markets, with the Asia Pacific likely to dominate the growth rates in the future. Aluminium is widely produced in the Asia Pacific regions like China and India, along with Russia, Canada, and the United Arab Emirates. China is the leading producer of aluminium, accounting for over half the world’s production of aluminium. While China is expected to reduce its aluminium capacity in the coming years, other countries in Asia and the Middle East and Africa are expected to witness capacity expansions in the forecast period. The growing demand in India is fuelled by the ever-increasing transportation, construction, and power industries. The largest consumer markets for the metal include China, the United States, and Germany.

Australia is another important region in the Asia Pacific region and the net exporter of the product. The market is supported by its end-use industries, with the regular non-ferrous production, construction, and packaging, accounting for the largest share. These three sectors together make up 60% of the total market share. The country is also the largest producer of alumina and bauxite. The demand for aluminium is other regions is also expected to grow in the coming years, driven by the growing automobiles industry. The demand for aluminium in some European countries, as well as the United States, is expected to grow further due to increasing consumption by the aircraft manufacturers.

Properties and Applications

Aluminium refers to the chemical element having the atomic number 13. It is a silver-white, soft, non-magnetic, and ductile metal in the boron group. It is low in density and has the ability to withstand corrosion through the passivation phenomenon. The metal and its alloys are critically important to the aerospace, transportation, and construction industries. By type, it can be bifurcated into primary and recycled. It finds its applications in the following segments:

  • Transport
  • Construction
  • Electrical 
  • Packaging and Foil
  • Consumer Goods
  • Others

The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Market Analysis

The downstream industries are significantly driving the demand for aluminium. The transportation industry is rapidly growing and is, thus, providing an impetus to the demand growth for aluminium. Aluminium is widely used in developed countries like the United States, Japan, and some countries from the European Union, mainly for the expansion of their automobiles industry. Aluminium has applications in the production of lightweight as well as electronic vehicles. The increasing environmental concerns are fuelling the demand for electric vehicles and providing a push to the aluminium market growth. The increased application of the product in making aluminium sheets to replace steel is driving the aluminium market further.

The consumption of aluminium in the manufacturing of aircraft by the United States and Europe is likely to witness a healthy growth in the coming years. The replacement of older aircraft with the new and better fuel-efficient method is providing a further impetus to the aluminium market growth. The rising use of the material in the electrical engineering as well as machinery and equipment industries are driving the growth of the aluminium market forward. The rising technological advancement in the industry is also expected to drive the aluminium market growth in the coming years.

The growing construction industry in developing countries like India and China is driving the demand for aluminium further. These countries are witnessing an increased rate of construction in order to expand their infrastructure to meet the demand of the rising population due to the rapid migration to the big cities.

Competitive Landscape

September 2019- Norsk Hydro ASA (OTCMKTS: NHYDY) to open an aluminium research lab in Sweden to test the new aluminium alloys for their use in innovative and sustainable products.

May 2018- Alcoa Corporation (NYSE: AA) and Rio Tinto (NYSE: RIO) to undertake the world’s first carbon-free aluminium smelting process as a part of their joint venture, Elysis.

The report gives a detailed analysis of the following key players in the global aluminium market, covering their competitive landscape, capacities, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • China Hongqiao Group Limited
  • Aluminum Corporation of China Limited
  • Rusal
  • Rio Tinto Limited
  • Emirates Global Aluminium PJSC (EGA)
  • Alcoa Corporation
  • East Hope Group
  • Norsk Hydro ASA  
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis. The report also gives the price analysis and trade data for the aluminium market.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Aluminium Market Analysis
    6.1    Figure: Global Aluminium Historical Market (2015-2019) & Forecast (2020-2025)
    6.2    Chart: Global Aluminium Market Breakup by Type
        6.2.1    Primary
        6.2.2    Recycled
    6.3    Figure: Global Aluminium Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
        6.3.1    Primary
        6.3.2    Recycled
    6.4    Chart: Global Aluminium Market Breakup by Application
        6.4.1    Transport
        6.4.2    Construction
        6.4.3    Electrical
        6.4.4    Packaging and Foil
        6.4.5    Consumer Goods
        6.4.6    Others
    6.5    Figure: Global Aluminium Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
        6.5.1    Transport
        6.5.2    Construction
        6.5.3    Electrical
        6.5.4    Packaging and Foil
        6.5.5    Consumer Goods
        6.5.6    Others
    6.6    Chart: Global Aluminium Market Breakup by Region
        6.6.1    North America
            6.6.1.1    United States of America
            6.6.1.2    Canada
        6.6.2    Europe
            6.6.2.1    Germany
            6.6.2.2    France
            6.6.2.3    United Kingdom
            6.6.2.4    Italy
            6.6.2.5    Others
        6.6.3    Asia Pacific
            6.6.3.1    China
            6.6.3.2    Japan
            6.6.3.3    India
            6.6.3.4    ASEAN
            6.6.3.5    Others
        6.6.4    Latin America
            6.6.4.1    Brazil
            6.6.4.2    Argentina
            6.6.4.3    Mexico
            6.6.4.4    Others
        6.6.5    Middle East and Africa
            6.6.5.1    Saudi Arabia
            6.6.5.2    United Arab Emirates
            6.6.5.3    Nigeria
            6.6.5.4    South Africa
            6.6.5.5    Others
    6.7    Figure: Global Aluminium Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
        6.7.1    North America
            6.7.1.1    United States of America
            6.7.1.2    Canada
        6.7.2    Europe
            6.7.2.1    Germany
            6.7.2.2    France
            6.7.2.3    United Kingdom
            6.7.2.4    Italy
            6.7.2.5    Others
        6.7.3    Asia Pacific
            6.7.3.1    China
            6.7.3.2    Japan
            6.7.3.3    India
            6.7.3.4    ASEAN
            6.7.3.5    Others
        6.7.4    Latin America
            6.7.4.1    Brazil
            6.7.4.2    Argentina
            6.7.4.3    Mexico
            6.7.4.4    Others
        6.7.5    Middle East and Africa
            6.7.5.1    Saudi Arabia
            6.7.5.2    United Arab Emirates
            6.7.5.3    Nigeria
            6.7.5.4    South Africa
            6.7.5.5    Others
7    Global Aluminium Price Analysis
    7.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
8    Global Trade Data Analysis 
    8.1    Major Exporting Countries: By Value and Volume
    8.2    Major Importing Countries: By Value and Volume
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Porter’s Five Forces Analysis
    10.1    Overview
    10.2    Buyer’s Power
    10.3    Supplier’s Power
    10.4    New Entrants
    10.5    Degree of Rivalry
    10.6    Substitutes
11    Value Chain Analysis
12    EMR’s Key Indicators for Demand
13    EMR’s Key Indicators for Price
14    Procurement Strategy

    14.1    Sourcing Models
    14.2    Contract Models
15    Cost Analysis
    15.1    Raw Material Cost
    15.2    Utility Cost
    15.3    Labour Cost
    15.4    Others
16    Competitive Landscape & Supplier Analysis
    16.1    China Hongqiao Group Limited
        16.1.1    Company Overview
        16.1.2    Financial Analysis
    16.2    Aluminum Corporation of China Limited
        16.2.1    Company Overview
        16.2.2    Financial Analysis
    16.3    Rusal
        16.3.1    Company Overview
        16.3.2    Financial Analysis
    16.4    Rio Tinto Limited
        16.4.1    Company Overview
        16.4.2    Financial Analysis
    16.5    Emirates Global Aluminium PJSC (EGA)
        16.5.1    Company Overview
        16.5.2    Financial Analysis
    16.6    Alcoa Corporation
        16.6.1    Company Overview
        16.6.2    Financial Analysis
    16.7    East Hope Group
        16.7.1    Company Overview
        16.7.2    Financial Analysis
    16.8    Norsk Hydro ASA
        16.8.1    Company Overview
        16.8.2    Financial Analysis
    16.9    Others

17    Events and Developments

Additional Customisations Available:

18    Manufacturing Process
    18.1    Detailed Process Flow
    18.2    Operations Involved
    18.3    Mass Balance
19    Production Cost Analysis and Project Economics
    19.1    Land, Location and Site Development
    19.2    Construction
    19.3    Plant Machinery
    19.4    Cost of Raw Material
    19.5    Packaging
    19.6    Transportation
    19.7    Utilities
    19.8    Manpower
    19.9    Other Capital Investment

Analyst Review

The global aluminium market attained a consumption volume of nearly 68.6 million metric tons in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 3.63%. The consumption is projected to reach almost 85 million metric tons by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the global aluminium market can be divided into primary and recycled. On the basis of application, the aluminium market can be segmented into transport, construction, electrical, packaging and foil, and consumer goods, among others, with the transport and construction sectors accounting for nearly half of the total aluminium applications. North America, the Asia Pacific, Latin America, the Middle East and Africa, and Europe are the major regional aluminium markets, with the Asia Pacific representing the largest regional market of the product. The key players in the above industry are 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 major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, growing demand from downstream industries, rising demand from construction and transport industries, and growing environmental concerns are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.

EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:

  • How has the global aluminium market performed in the previous years (2015-2019)?
  • What is the forecast assessment of the aluminium market for 2020-2025?
  • What are the major aluminium market drivers and constraints?
  • What are the major price and demand indicators of the global aluminium market?
  • What are the price trends of the product in the industry globally?
  • Who are the key manufacturers of the product in the global aluminium market?
  • What are the import and export trends in the global aluminium market?
  • Who are the top importers and exporters of the product in the industry globally?
  • What is the degree of competition in the global aluminium market?
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