Aluminum Market, by Product Type (Extrusions, Rolled, Castings, Wire & Cable and Others), by Application (Automotive & Transportation, Construction, Packaging, Electrical & Electronics, Consumer Durables, Others), and by Region (North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle east & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Aluminum is one of the abundant element found in the Earth’s crust after silicon and oxygen incorporated in a mineral, bauxite ore. It weighs about one-third as much as copper or steel. It is ductile, malleable, and exhibits excellent durability, corrosion resistance and significant strength when alloyed. It is widely used in automobiles, cans, foils, windows, cooking utensils and others
Market Dynamics
Increasing demand from automotive sectors where reduced weight is significant for emission control, is fueling the growth of aluminum market. Furthermore, new technological advancements in aluminum is expected to drive the aluminum market growth. For instance, in May 2018, Rio Tinto and Alcoa Corporation announced a free aluminum smelting process to make aluminum which produces oxygen and eliminates emissions of all direct greenhouse gases. Apple is investing in this joint venture on carbon-free smelting process.
However, increasing presence of aluminum substitutes such as zinc and copper is restraining the growth of aluminum market.
Various manufacturers are focused towards organic and inorganic growth strategies such as mergers, acquisition and joint venture to enhance their global footprint. For instance, in February 2018, Patrick Industries, Inc. acquired assets of Aluminum Metals Company, LLC (AMC), the distributor and manufacturer of aluminum products which includes extrusions, fabricated sheets and coils. This acquisition allows them to be an expertise as a high quality supplier of a variety of customized fabricated aluminum products.
Asia Pacific is expected to be the fastest growing region in the global aluminum market over the forecast period, owing to large presence of bauxite mining in countries such as China and India. According to the Aluminum Association, China accounted for total 32% of bauxite mining in 2016 and is expected to show the continuous growth. Also, China is the world’s largest producer and a huge exporter of semi-manufactured aluminum products. According to United States, Geological Survey (USGS), the smelter production in China was 24,400 thousand metric tons and increased up to 32,000 metric tons in 2015.
Key features of the study:
This report provides in-depth analysis of aluminum market, and provides market size (US$ Million and Thousand Tons) and compound annual growth rate (CAGR %) for the forecast period (2022 - 2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global aluminum market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Rio Tinto Plc, Norsk Hydro ASA, UC RUSAL, Alcoa Inc., China Hongqiao Group Ltd., Aluminum Corporation of China Limited, Emirates Global Aluminum PJSC, Noranda Aluminum Holding Corporation, Aditya Birla Management Corporation Pvt. Ltd. and China Power Investment Corporation.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology upgradation, market expansion, and marketing tactics
The global aluminum market report caters to various stakeholders in this industry including investors, suppliers, aluminum manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aluminum market
Detailed Segmentation:
Global Aluminum Market, By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
Global Aluminum Market, By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Global Aluminum Market, By Region:
North America
U.S.
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Canada
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Europe
U.K.
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Italy
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
France
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Germany
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Spain
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Russia
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Rest of Europe
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Asia Pacific
China
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
India
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Japan
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
ASEAN
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Australia
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Rest of Asia Pacific
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Latin America
Brazil
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Argentina
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Mexico
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Rest of Latin America
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Middle East & Africa
Middle East
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Africa
By Product Type:
Extrusions
Rolled
Castings
Wire & Cable
Others
By Application:
Automotive & Transportation
Construction
Packaging
Electrical & Electronics
Consumer Durables
Others
Company Profiles
Rio Tinto Plc *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Norsk Hydro ASA
Alcoa Inc.
China Hongqiao Group Ltd.
Aluminum Corporation of China Limited
Emirates Global Aluminum PJSC
Noranda Aluminum Holding Corporation
Aditya Birla Management Corporation Pvt. Ltd.
China Power Investment Corporation
“*” marked represents similar segmentation in other categories in the respective section.
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