Europe Aluminum Market 2023-2030
MARKET OUTLOOK
As per Triton Market Research’s analysis, Europe’s aluminum market will develop at a CAGR of 4.92% during the forecasted period from 2023 to 2030. Norway, Spain, Italy, Poland, France, the United Kingdom, the Netherlands, Germany, and Rest of Europe are analyzed in this region’s market.
The rapidly expanding French construction sector is anticipated to increase demand for aluminum due to its numerous beneficial properties. The Nantes New CHU Hospital Development; the construction of a 42-storied triangular office building to meet the rising demand for hotel & office facilities, the redevelopment of the Meinau stadium in Strasbourg, which has a seating capacity of 6200 seats; and the development of a waste sorting plant in the Auvergne-Rhône-Alpes region, are among the major construction projects in France. The country’s growing infrastructure development is estimated to drive the adoption of aluminum, resulting in market growth during the forecast period.
Spain has a highly advanced aerospace industry. It participates actively in European aeronautical initiatives. The country’s space industry is involved in contracts for flight and ground equipment qualification, as well as the operation and development of satellite systems. Several space centers, including the European Space Astronomy Center and Boeing’s European Center for Research and Technology, are located in the country. Established aeronautics companies excel in a variety of fields, including military transport & special mission aircraft, air-refueling aircraft, repair & operation, and air traffic management. Aluminum’s widening applications in aircraft development and the defense sector are expected to drive market growth in the country over the forecast period.
COMPETITIVE OUTLOOK
The well-known players thriving in the aluminum market include China Hongqiao Group Co Ltd, Aluminum Corporation of China Limited (Chalco), Century Aluminum Company, Aluminum Bahrain BSC (Alba), and Rio Tinto.
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