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Aluminium Market

Global Aluminium Market Share, Size, Trends, Analysis: By Type: Primary, Secondary; By Processing Method: Flat Rolled, Castings, Extrusions, Forgings, Pigments and Powder, Rod and Bar, Sheet, Others; By End Use: Transport, Construction, Electrical, Machinery and Equipment, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Aluminium Market Outlook

The global aluminium market size attained a value of 157.03 billion in 2023. The market is expected to grow at a CAGR of 5.65% between 2024 and 2032, reaching almost 257.42 billion by 2032.

 

Key Takeaways

  • Aluminum recycling is highly efficient, requiring only 5% of the energy used to produce primary aluminium, which significantly reduces the carbon footprint.
  • There is an increased demand for low-carbon aluminium produced with renewable energy or through processes that emit less CO2.
  • The growing aluminium demand in India is the result of continuous expansion of the transportation, construction, and power sectors.

 

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.

 

The growing construction sector in developing countries like India and China is driving the aluminium market growth. These countries are witnessing an increased rate of construction in order to expand their infrastructure and meet the demand of the rising population due to its rapid migration to big cities. The rising use of aluminium as a material of choice in electrical engineering as well as the machinery and equipment sector is also driving the growth of the market.  Moreover, the increased application of the product in making aluminium sheets to replace steel is also a crucial factor.

 

Global Aluminium Market

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Key Trends and Developments

Recycling and sustainability; the shift towards low-carbon aluminium; technological advancements; and global trade policies are the major trends impacting the aluminium market expansion

 

Date Company Event
Jun 2023 Alumaze Alumaze, a company specialising in the production of Aluminium Composite Panels unveiled its product line in Visakhapatnam, India.
Feb 2024 The Bogle Family Wine Collection The Bogle Family Wine Collection in California debuted a unique 750ml recyclable aluminium wine bottle, marking its first foray into sustainable packaging solutions.
Feb 2024 Vedanta Aluminium Unveiled an e-commerce platform aimed at streamlining the sale of primary aluminium products.
Feb 2024 Emirates Global Aluminium Collaborated with beverage can manufacturers Crown and CANPACK to initiate the Every Can Counts campaign to motivate consumers to recycle their used aluminium beverage cans, supporting circular economy.

 

 

Trends Impact
Recycling and sustainability The focus on sustainability has heightened the importance of recycling aluminium, which requires only 5% of the energy used to produce virgin aluminium.
Shift towards low-carbon production There is an increased demand for low-carbon aluminium, produced using renewable energy sources rather than fossil fuels.
Technological advancements Technological innovations in aluminium production and processing continue to improve efficiency, reduce costs, and minimise environmental impacts.
Global trade policies Tariffs imposed by countries can affect the flow of aluminium imports and exports, influencing global supply and demand dynamics.

 

Aluminium Market Trends

The emphasis on sustainability within the aluminium sector has significantly enhanced the value of recycling aluminium. This shift is largely due to the fact that recycling aluminium consumes only 5% of the energy required to produce aluminium from raw materials, such as bauxite. Moreover, by incorporating more recycled aluminium into production processes, the aluminium market can significantly reduce its reliance on virgin aluminium, which requires energy-intensive mining and refining processes. Enhancing the efficiency and effectiveness of the aluminium recycling process is crucial for accelerating the sector's transition towards sustainability.

 

The Every Can Counts campaign, initiated by Emirates Global Aluminium in partnership with beverage can manufacturers Crown and CANPACK, in February 2024, is a strategic effort designed to encourage consumer participation in recycling aluminium beverage cans. This initiative is part of a broader movement towards sustainability and the promotion of a circular economy, where resources are reused and recycled to minimise waste and reduce environmental impact.

 

Global Aluminium Market by application

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Market Segmentation

“Aluminium Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Type Primary, Secondary
Processing Method Flat Rolled, Castings, Extrusions, Forgings, Pigments and Powder, Rod and Bar, Sheet, Others
End Use Transport, Construction, Electrical, Machinery and Equipment, Packaging and Foil, Consumer Goods, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

Primary aluminium maintains its dominance in the market due to its growing usage in multiple end-use sectors

The primary segment holds a substantial share of the aluminium market. The process for primary aluminium involves mining bauxite, refining it into alumina (aluminium oxide), and then using the Hall-Héroult process to smelt alumina into aluminium. Primary production is energy-intensive, requiring a significant amount of electricity to convert alumina into pure aluminium. The demand for primary aluminium is driven by its necessity in producing high-purity aluminium for critical applications in sectors like aerospace, automotive, and electronics, where material properties such as strength, conductivity, and corrosion resistance are paramount.

 

The secondary segment is also expected to witness a robust growth as the production of secondary aluminium involves the melting of scrap metal to produce new aluminium. This process is far less energy-intensive than primary production, consuming only about 5% of the energy required to produce the same amount of aluminium from bauxite. The environmental benefits, coupled with the economic advantages of lower energy costs, are driving an increase in the recycling rate and the use of recycled aluminium across various sectors.

 

The consumer electronics segment occupies a major aluminium market share due to its lightweight and cost-effectiveness

As aluminium is lightweight and cost-effective, it finds extensive applications in the production of consumer electronics. Thus, the growing demand for laptops, smartphones, and tablets favours the market growth. Some aluminium manufacturers also offer innovative and superior aluminium alloys, which in turn, aids the use of metal in complex designing solutions in consumer electronics. Further, the rising utilisation of aluminium as a substitute for plastics and steel owing to its reliability, versatility, high mechanical strength, cost-effectiveness, and lightweight is likely to augment the segment growth.

 

The transportation sector is expected to witness a robust growth in the forecast period, as aluminium finds wide applications in the development of transportation systems and plays a crucial role in automotive applications. The increasing environmental concerns fuel the demand for electric vehicles, which further adds to the demand for aluminium.

 

Global Aluminium Market by region

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Competitive Landscape

The market players are focusing on improving their production capacity and making the process  production process more sustainable to gain a competitive edge in the market

 

Company Founding Year Headquarters Specialities
RusAL 2007 Moscow, Russia Production of primary aluminium, aluminium alloys, foil, and alumina
Chalco Aluminum Co. Ltd 2001 Beijing, China Extraction of aluminium ore, the production of primary aluminium, and aluminium alloy products
Rio Tinto plc 1873 London, United Kingdom Mining and processing a diverse range of metals and minerals, such as aluminium, copper, diamonds, gold, iron ore, and industrial minerals
China Hongqiao Group Co., Ltd 1994 Shandong, China Production of aluminium products, including aluminium alloy, aluminium bars, and aluminium plates

 

Other players in the aluminium market include Alcoa Corporation, Emirates Global Aluminium PJSC, Shandong Xinfa Aluminum Co., Ltd., Norsk Hydro ASA, Vedanta Limited, and Hindalco Industries Limited, among others.

 

Aluminium Market Analysis by Region

The Asia Pacific dominates the market as aluminium is widely used across various industries, which are witnessing rapid transformation due to growing urbanisation and industrialisation in the region. The large population base and their massively growing demands including housing and transportation supports the regional market growth.

 

Aluminium is widely produced in the Asia Pacific regions like China and India. China is one of the leading producers of aluminium, accounting for over half the world’s production of aluminium. The growing demand in India is fuelled by the ever-growing transportation, construction, and power sectors.  Australia is another important region in the Asia Pacific and one of the net exporters of the product. The market is supported by its end-use industries, such as construction and packaging, among others. The country is also the largest producer of alumina and bauxite.

 

Moreover, various countries in the Asia Pacific region and the Middle East and Africa are expected to witness capacity expansions of aluminium manufacturing in the forecast period. The demand for aluminium in some European countries, as well as the United States, is also expected to grow further due to increasing consumption by aircraft manufacturers.

 

Key Highlights of the Report

Report Features Details
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Processing Method
  • End Use
  • Region
Breakup by Type
  • Primary
  • Secondary
Breakup by Processing Method
  • Flat Rolled
  • Castings
  • Extrusions
  • Forgings
  • Pigments and Powder
  • Rod and Bar
  • Sheet
  • Others
Breakup by End Use
  • Transport
  • Construction
  • Electrical
  • Machinery and Equipment
  • Packaging and Foil
  • Consumer Goods
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • RusAL
  • Chalco Aluminum Co. Ltd
  • Rio Tinto plc
  • China Hongqiao Group Co., Ltd.
  • Alcoa Corporation
  • Emirates Global Aluminium PJSC
  • Shandong Xinfa Aluminum Co., Ltd.
  • Norsk Hydro ASA
  • Vedanta Limited
  • Hindalco Industries Limited
  • Others

 

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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Aluminium Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Aluminium Historical Market (2018-2023) 
    8.3    Global Aluminium Market Forecast (2024-2032)
    8.4    Global Aluminium Market by Type
        8.4.1    Primary
            8.4.1.1    Historical Trend (2018-2023) 
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Secondary
            8.4.2.1    Historical Trend (2018-2023) 
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Aluminium Market by Processing Method
        8.5.1    Flat Rolled
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Castings
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Extrusions
            8.5.3.1    Historical Trend (2018-2023) 
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Forgings
            8.5.4.1    Historical Trend (2018-2023) 
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Pigments and Powder
            8.5.5.1    Historical Trend (2018-2023) 
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Rod and Bar
            8.5.6.1    Historical Trend (2018-2023) 
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Sheet
            8.5.7.1    Historical Trend (2018-2023) 
            8.5.7.2    Forecast Trend (2024-2032)
        8.5.8    Others
    8.6    Global Aluminium Market by End Use
        8.6.1    Transport
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Construction
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Electrical
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Machinery and Equipment
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Packaging and Foil
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Consumer Goods
            8.6.6.1    Historical Trend (2018-2023) 
            8.6.6.2    Forecast Trend (2024-2032)
        8.6.7    Others
    8.7    Global Aluminium Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Aluminium Market Analysis
    9.1    Market by Type
    9.2    Market by Processing Method
    9.3    Market by End Use
    9.4    Market by Country
        9.4.1    United States of America 
            9.4.1.1    Historical Trend (2018-2023) 
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Canada
            9.4.2.1    Historical Trend (2018-2023) 
            9.4.2.2    Forecast Trend (2024-2032)
10    Europe Aluminium Market Analysis
    10.1    Market by Type
    10.2    Market by Processing Method
    10.3    Market by End Use
    10.4    Market by Country
        10.4.1    United Kingdom
            10.4.1.1    Historical Trend (2018-2023) 
            10.4.1.2    Forecast Trend (2024-2032)
        10.4.2    Germany
            10.4.2.1    Historical Trend (2018-2023) 
            10.4.2.2    Forecast Trend (2024-2032)
        10.4.3    France
            10.4.3.1    Historical Trend (2018-2023) 
            10.4.3.2    Forecast Trend (2024-2032)
        10.4.4    Italy
            10.4.4.1    Historical Trend (2018-2023) 
            10.4.4.2    Forecast Trend (2024-2032)
        10.4.5    Others
11    Asia Pacific Aluminium Market Analysis
    11.1    Market by Type
    11.2    Market by Processing Method
    11.3    Market by End Use
    11.4    Market by Country
        11.4.1    China
            11.4.1.1    Historical Trend (2018-2023) 
            11.4.1.2    Forecast Trend (2024-2032)
        11.4.2    Japan
            11.4.2.1    Historical Trend (2018-2023) 
            11.4.2.2    Forecast Trend (2024-2032)
        11.4.3    India
            11.4.3.1    Historical Trend (2018-2023) 
            11.4.3.2    Forecast Trend (2024-2032)
        11.4.4    ASEAN
            11.4.4.1    Historical Trend (2018-2023) 
            11.4.4.2    Forecast Trend (2024-2032)
        11.4.5    South Korea
            11.4.5.1    Historical Trend (2018-2023) 
            11.4.5.2    Forecast Trend (2024-2032)
        11.4.6    Australia
            11.4.6.1    Historical Trend (2018-2023) 
            11.4.6.2    Forecast Trend (2024-2032)
        11.4.7    Others
12    Latin America Aluminium Market Analysis
    12.1    Market by Type
    12.2    Market by Processing Method
    12.3    Market by End Use
    12.4    Market by Country
        12.4.1    Brazil
            12.4.1.1    Historical Trend (2018-2023) 
            12.4.1.2    Forecast Trend (2024-2032)
        12.4.2    Argentina
            12.4.2.1    Historical Trend (2018-2023) 
            12.4.2.2    Forecast Trend (2024-2032)
        12.4.3    Mexico
            12.4.3.1    Historical Trend (2018-2023) 
            12.4.3.2    Forecast Trend (2024-2032)
        12.4.4    Others
13    Middle East and Africa Aluminium Market Analysis
    13.1    Market by Type
    13.2    Market by Processing Method
    13.3    Market by End Use
    13.4    Market by Country
        13.4.1    Saudi Arabia
            13.4.1.1    Historical Trend (2018-2023) 
            13.4.1.2    Forecast Trend (2024-2032)
        13.4.2    United Arab Emirates
            13.4.2.1    Historical Trend (2018-2023) 
            13.4.2.2    Forecast Trend (2024-2032)
        13.4.3    Nigeria
            13.4.3.1    Historical Trend (2018-2023) 
            13.4.3.2    Forecast Trend (2024-2032)
        13.4.4    South Africa
            13.4.4.1    Historical Trend (2018-2023) 
            13.4.4.2    Forecast Trend (2024-2032)
        13.4.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code - 7601)

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Price Analysis
    17.1    North America Historical Price Trends and Forecast 2018-2032
    17.2    Europe Historical Price Trends and Forecast 2018-2032
    17.3    Asia Pacific Historical Price Trends and Forecast 2018-2032
    17.4    Latin America Historical Price Trends and Forecast 2018-2032
    17.5    Middle East and Africa Historical Price Trends and Forecast 2018-2032
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    RusAL
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Chalco Aluminum Co. Ltd
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Rio Tinto plc
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    China Hongqiao Group Co., Ltd.
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Alcoa Corporation
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Emirates Global Aluminium PJSC
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Shandong Xinfa Aluminum Co., Ltd.
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    Norsk Hydro ASA
            18.2.8.1    Company Overview
            18.2.8.2    Product Portfolio
            18.2.8.3    Demographic Reach and Achievements
            18.2.8.4    Certifications
        18.2.9    Vedanta Limited
            18.2.9.1    Company Overview
            18.2.9.2    Product Portfolio
            18.2.9.3    Demographic Reach and Achievements
            18.2.9.4    Certifications
        18.2.10    Hindalco Industries Limited
            18.2.10.1    Company Overview
            18.2.10.2    Product Portfolio
            18.2.10.3    Demographic Reach and Achievements
            18.2.10.4    Certifications
        18.2.11    Others
19    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Aluminium Market: Key Industry Highlights, 2018 and 2032
2.    Global Aluminium Historical Market: Breakup by Type (MMT), 2018-2023
3.    Global Aluminium Market Forecast: Breakup by Type (MMT), 2024-2032
4.    Global Aluminium Historical Market: Breakup by Processing Method (MMT), 2018-2023
5.    Global Aluminium Market Forecast: Breakup by Processing Method (MMT), 2024-2032
6.    Global Aluminium Historical Market: Breakup by End Use (MMT), 2018-2023
7.    Global Aluminium Market Forecast: Breakup by End Use (MMT), 2024-2032
8.    Global Aluminium Historical Market: Breakup by Region (MMT), 2018-2023
9.    Global Aluminium Market Forecast: Breakup by Region (MMT), 2024-2032
10.    North America Aluminium Historical Market: Breakup by Country (MMT), 2018-2023
11.    North America Aluminium Market Forecast: Breakup by Country (MMT), 2024-2032
12.    Europe Aluminium Historical Market: Breakup by Country (MMT), 2018-2023
13.    Europe Aluminium Market Forecast: Breakup by Country (MMT), 2024-2032
14.    Asia Pacific Aluminium Historical Market: Breakup by Country (MMT), 2018-2023
15.    Asia Pacific Aluminium Market Forecast: Breakup by Country (MMT), 2024-2032
16.    Latin America Aluminium Historical Market: Breakup by Country (MMT), 2018-2023
17.    Latin America Aluminium Market Forecast: Breakup by Country (MMT), 2024-2032
18.    Middle East and Africa Aluminium Historical Market: Breakup by Country (MMT), 2018-2023
19.    Middle East and Africa Aluminium Market Forecast: Breakup by Country (MMT), 2024-2032
20.    Major Importing Countries by Volume
21.    Major Exporting Countries by Volume
22.    Major Importing Countries by Value
23.    Major Exporting Countries by Value
24.    North America Historical Price Trends and Forecast 2018-2032
25.    Europe Historical Price Trends and Forecast 2018-2032
26.    Asia Pacific Historical Price Trends and Forecast 2018-2032
27.    Latin America Historical Price Trends and Forecast 2018-2032
28.    Middle East and Africa Historical Price Trends and Forecast 2018-2032
29.    Global Aluminium Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 5.65% between 2024 and 2032.

The major drivers of the market are increasing environmental concerns, increased application of the product in making aluminium sheets, consumption of aluminium in the manufacturing of aircraft, rising use of the material in the electrical engineering as well as machinery and equipment industries, rising technological advancement, growing construction industry, and rising population.

The key trends propelling the market growth includes the growing transportation industry and increasing from downstream industries.

The major regions in the market are North America, Latin America, Europe, Middle East and Africa, Asia Pacific with Asia Pacific accounting for the largest share in the market.

Primary and secondary are the types of aluminium in the market.

The various end uses of aluminium in the market are transport, construction, electrical, machinery and equipment, packaging and foil, and consumer goods, among others.

The major players in the market are RusAL, Chalco Aluminum Co. Ltd, Rio Tinto plc, China Hongqiao Group Co., Ltd., Alcoa Corporation, Emirates Global Aluminium PJSC, Shandong Xinfa Aluminum Co., Ltd., Norsk Hydro ASA, Vedanta Limited, and Hindalco Industries Limited, among others.

Analyst Review

The global aluminium sulfate market is being driven by the rising application of the product in the food and beverage industry owing to the global increase in the demand for food, rising industrial application of aluminium sulfate, and growing R&D activities in the pharmaceutical industry. Aided by the rising investments in the water treatment projects, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.65%.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into common grade and iron grade. The significant applications of the product include pulp and paper, water treatment, and dyeing, among others. The major regional markets for aluminium sulfate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the market are RusAL, Chalco Aluminum Co. Ltd, Rio Tinto plc, China Hongqiao Group Co., Ltd., Alcoa Corporation, Emirates Global Aluminium PJSC, Shandong Xinfa Aluminum Co., Ltd., Norsk Hydro ASA, Vedanta Limited, and Hindalco Industries Limited, among others.

 

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 market insights that are accurate, actionable, and help them remain ahead of their competition.

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