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Global Aluminium Market: By Type: Primary, Recycled; By Application: Transport, Construction, Electrical, Packaging and Foil, Consumer Goods, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Aluminium Market Outlook

The global aluminium market reached a volume of nearly 68.6 million metric tons in 2020. The aluminium market is expected to grow at a CAGR of 3.63% in the forecast period of 2022-2027.

 

Global Aluminium Market

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Growing Demand for Aluminium in the Transport Industry Aiding the Market

Some of the leading application sectors for the metal are the transport and the construction industries. 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 one of the leading producers of aluminium, accounting for over half the world’s production of aluminium. 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 growing demand in India is fuelled by the ever-increasing transportation, construction, and power industries.

 

Robust Growth of End-Use Sectors of Aluminium to Drive the Market

Australia is another important region in the Asia Pacific region 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. The demand for aluminium in 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 aircraft manufacturers.

 

Increasing Applications of Aluminium in Consumer Electronics Augmenting the Market

As aluminium is lightweight and cost-effective, it finds extensive applications in the manufacturing of consumer electronics. Hence, the growing demand for televisions, laptops, smartphones, and tablets, among others, is driving the market growth. With the increasing preference for environment-friendly and sustainable consumer electronics, the aluminium market is expected to witness a healthy growth. Various aluminium manufacturers are increasingly offering innovative and superior aluminium alloys. This, in turn, is bolstering the use of the 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 light weight is likely to augment the market.

 

Market Segmentation

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.

 

Global Aluminium Market by application

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By type, it can be bifurcated into primary and recycled.

The major application segments of aluminium are:

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

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

 

Global Aluminium Market by region

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Increasing Demand for Aluminium in the Transportation Industry to Bolster the Market

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

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 new and better fuel-efficient methods is providing further impetus to the aluminium market growth. The rising use of the material in the electrical engineering as well as the machinery and equipment industries are driving the growth of the market forward. In addition, technological advancements and innovations are expected to drive the market growth of aluminium in the coming years.

The growing construction industry in developing countries like India and China is driving the demand for aluminium. 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, which is likely to provide lucrative growth opportunities to the aluminium market in the coming years.

 

Key Players in the Global Market for Aluminium

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
  • Rio Tinto Limited
  • Emirates Global Aluminium PJSC 
  • Alcoa Corporation
  • United Company RUSAL Plc
  • Norsk Hydro ASA  
  • Others

The comprehensive EMR report provides an in-depth assessment of the market 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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region
Breakup by Type Primary, Recycled
Breakup by Application Transport, Construction, Electrical, Packaging and Foil, Consumer Goods, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered China Hongqiao Group Limited, Aluminum Corporation of China Limited, Rio Tinto, Emirates Global Aluminium PJSC, Alcoa Corporation, United Company RUSAL Plc, Norsk Hydro ASA, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Aluminium Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Aluminium Historical Market (2017-2021) 
    8.3    Global Aluminium Market Forecast (2022-2027)
    8.4    Global Aluminium Market by Type
        8.4.1    Primary
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Recycled 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Aluminium Market by Application
        8.5.1    Transport
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Construction
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Electrical
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Packaging and Foil
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Consumer Goods
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Others
    8.6    Global Aluminium Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis 

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.2    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.3    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.4    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.5    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    China Hongqiao Group Limited
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Aluminum Corporation of China Limited
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Rio Tinto
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Emirates Global Aluminium PJSC
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Alcoa Corporation
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    United Company RUSAL Plc
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Norsk Hydro ASA
            14.2.7.1    Company Overview
            14.2.7.2    Product Portfolio
            14.2.7.3    Demographic Reach and Achievements
            14.2.7.4    Certifications
        14.2.8    Others
15    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Aluminium Market: Key Industry Highlights, 2016 and 2026
2.    Global Aluminium Historical Market: Breakup by Type (Million Metric Tons), 2017-2021
3.    Global Aluminium Market Forecast: Breakup by Type (Million Metric Tons), 2022-2027
4.    Global Aluminium Historical Market: Breakup by Application (Million Metric Tons), 2017-2021
5.    Global Aluminium Market Forecast: Breakup by Application (Million Metric Tons), 2022-2027
6.    Global Aluminium Historical Market: Breakup by Region (Million Metric Tons), 2017-2021
7.    Global Aluminium Market Forecast: Breakup by Region (Million Metric Tons), 2022-2027
8.    North America Aluminium Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
9.    North America Aluminium Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
10.    Europe Aluminium Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
11.    Europe Aluminium Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
12.    Asia Pacific Aluminium Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
13.    Asia Pacific Aluminium Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
14.    Latin America Aluminium Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
15.    Latin America Aluminium Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
16.    Middle East and Africa Aluminium Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
17.    Middle East and Africa Aluminium Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
18.    Major Exporting Countries by Value
19.    Major Importing Countries by Value
20.    Major Exporting Countries by Volume
21.    Major Importing Countries by Volume
22.    North America Historical Price Trends and Forecast 2017-2027
23.    Europe Historical Price Trends and Forecast 2017-2027
24.    Asia Pacific Historical Price Trends and Forecast 2017-2027
25.    Latin America Historical Price Trends and Forecast 2017-2027
26.    Middle East and Africa Historical Price Trends and Forecast 2017-2027
27.    Global Aluminium Market Structure

Key Questions Answered in the Report

In 2020, the global aluminium market attained a volume of nearly 68.6 million metric tons.

The market is projected to grow at a CAGR of 3.63% between 2022 and 2027.

The major drivers of the industry 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 industry 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 recycled are the types of aluminium in the market.

The transport segment dominates the application in the market.

The major players in the industry are China Hongqiao Group Limited, Aluminium Corporation of China Limited, Rio Tinto, Emirates Global Aluminium PJSC, Alcoa Corporation, United Company RUSAL Plc, and Norsk Hydro ASA, among others.

Analyst Review

The global aluminium market attained a volume of nearly 68.6 million metric tons in 2020, driven by the rising demand of aluminium from downstream industries. Aided by the growing applications of the product in various industries like automobile and increased application of the product in making aluminium sheets, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3.63%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the global aluminium industry can be segmented into primary and recycled. The transport segment dominates the application in the market. The major regional markets for the global aluminium market are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific, with Asia Pacific accounting for the largest share of the market. The key players in the above market include China Hongqiao Group Limited, Aluminum Corporation of China Limited, Rio Tinto, Emirates Global Aluminium PJSC , Alcoa Corporation, United Company RUSAL Plc, and Norsk Hydro ASA, 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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