China Aluminum Market Forecast 2022-2028

China Aluminum Market Forecast 2022-2028KEY FINDINGS

The China aluminum market is estimated to grow with a CAGR of 5.38% during the forecasting period. The base year considered for the market is 2021, and the forecast period is from 2022 to 2028. Key drivers facilitating the market growth of the region are the surging adoption of electric vehicles, in addition to the rapidly-emerging transportation, construction, and machinery and equipment sector.

MARKET INSIGHTS

The aluminum market in China is facilitated by huge investments in the infrastructure and construction industry. Aligning with this, the Chinese 12th Five-Year Plan included non-ferrous metals, like aluminum, as a part of the main industries that will be encouraged to consolidate and, in turn, form larger enterprises. Hence, such initiatives are anticipated to positively influence the demand for aluminum in the country.

On the other hand, the wide diversity of end-use applications, coupled with a combination of attractive material properties, is anticipated to further boost the market growth in China. Renewable energy installations in distant areas, as well as the implementation of subsequent power transmission projects, are expected to proliferate the demand for aluminum in the country’s electrical sector over the upcoming years. As a result, these drivers are anticipated to enhance the China aluminum market growth during the estimated period.

COMPETITIVE INSIGHTS

Top enterprises operating in the market are Hindalco Industries Ltd, UACJ Corporation, Aluminum Corporation of China Ltd (CHALCO), China Hongqiao Group Limited, 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