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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.
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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:
The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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.
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:
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.
1.1 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
2.5 Market Models
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
6.3 Figure: Global Aluminium Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.4 Chart: Global Aluminium Market Breakup by Application
6.4.4 Packaging and Foil
6.4.5 Consumer Goods
6.5 Figure: Global Aluminium Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.4 Packaging and Foil
6.5.5 Consumer Goods
6.6 Chart: Global Aluminium Market Breakup by Region
6.6.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.6.3 Asia Pacific
6.6.4 Latin America
6.6.5 Middle East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.7 Figure: Global Aluminium Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.7.3 Asia Pacific
6.7.4 Latin America
6.7.5 Middle East and Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
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
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
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
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
16.3.1 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
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
19.3 Plant Machinery
19.4 Cost of Raw Material
19.9 Other Capital Investment
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:
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