Asia-pacific Aluminum Market Forecast 2022-2030KEY FINDINGS
The Asia-Pacific aluminum market is set to rise with a CAGR of 5.12% during the forecast period of 2022 to 2030. Key factors fueling the regional market’s growth include the rising investments in construction activities and developing infrastructure, in addition to the surging preference towards battery-electric and hybrid-electric vehicles.
MARKET INSIGHTS
The Asia-Pacific aluminum market growth assessment entails a detailed study of South Korea, Taiwan, Thailand, China, Japan, India, Australia & New Zealand, and Rest of Asia-Pacific. The electronic industry in South Korea is one of the largest globally, with the presence of major manufacturers such as LG Electronics and Samsung. These companies also offer varied products in the household appliances, consumer electronics, and electrical segments.
According to an article by Thomson Reuters Practical Law, the country’s investment in construction was evaluated to be over 14% of the gross domestic product (GDP) in 2020. Aligning with this, the construction sector in South Korea is projected to be a key driver propelling the demand for aluminum over the upcoming years. Both government as well as private construction sectors grew in the year 2021 compared to 2020 and are projected to grow further over the forecasted period. This is primarily accredited to the government’s active early execution of budgets allocated to the social overhead capital sector. Hence, these factors are set to fuel the Asia-Pacific aluminum market growth during the forecast period.
COMPETITIVE INSIGHTS
Top players operating in the market include East Hope Group, China Hongqiao Group Limited, Aluminum Corporation of China Limited (CHINALCO), etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Growing Demand From End-users
- 3.1.2. Rising Substitution Of Stainless Steel With Aluminum By Automotive Manufacturers
- 3.1.3. Increase In Electric Vehicles Production
- 3.2. Key Restraints
- 3.2.1. Stringent Environmental Regulations
- 3.2.2. Rising Prices Of Aluminum
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Aluminum Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 4.6.1. Raw Material Procurement
- 4.6.2. Aluminum Production
- 4.6.3. End-user
- 4.7. Key Buying Criteria
- 4.7.1. Strength
- 4.7.2. Recyclability
- 4.7.3. Corrosion Resistance
- 5. Market By Product Type
- 5.1. Primary Aluminum
- 5.2. Alumina
- 5.3. Bauxite
- 5.4. Other Products (Flat Rolled And Extrusions)
- 6. Market By End-user
- 6.1. Building And Construction
- 6.2. Automotive & Transportation
- 6.3. Electronics
- 6.4. Foil & Packaging
- 6.5. Other End-users
- 7. Geographical Analysis
- 7.1. Asia-pacific
- 7.1.1. Market Size & Estimates
- 7.1.2. Key Growth Enablers
- 7.1.3. Key Challenges
- 7.1.4. Key Players
- 7.1.5. Country Analysis
- 7.1.5.1. China
- 7.1.5.2. Japan
- 7.1.5.3. India
- 7.1.5.4. South Korea
- 7.1.5.5. Taiwan
- 7.1.5.6. Thailand
- 7.1.5.7. Australia & New Zealand
- 7.1.5.8. Rest Of Asia-pacific
- 8. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Mergers & Acquisitions
- 8.1.2. Product Launches & Developments
- 8.1.3. Partnerships & Agreements
- 8.1.4. Business Expansions & Divestitures
- 8.2. Company Profiles
- 8.2.1. Alcoa Corporation
- 8.2.2. Aluminum Bahrain Bsc (Alba)
- 8.2.3. Aluminum Corporation Of China Ltd (Chalco)
- 8.2.4. Century Aluminum Company
- 8.2.5. China Hongqiao Group Limited
- 8.2.6. China Zhongwang Holdings Limted
- 8.2.7. Constellium Se
- 8.2.8. Emirates Global Aluminum Pjsc
- 8.2.9. Hindalco Industries Ltd
- 8.2.10. Norsk Hydro Asa
- 8.2.11. Novelis Inc
- 8.2.12. Reliance Steel & Aluminum Co
- 8.2.13. Rio Tinto
- 8.2.14. Uacj Corporation
- 8.2.15. United Company Rusal Plc
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