Aluminium Metals Market:
Aluminium Metals Market was valued at USD 1, 12,487.9 million in 2015 and is expected to reach USD 1, 60,696.1 million by the end of 2022, expanding at a CAGR of 5.3% from 2016 to 2022. Aluminium is one of the most abundantly found metallic element in the earth’s crust, with its enormous properties such as malleability, ductility, machinability, and durability among others. Comparatively, aluminium weighs one-third of metals such as, copper and steel, without jeopardizing the strength and exhibit remarkable corrosion properties.
Market Highlights:
The global Aluminium Metals market has been evaluated as moderate growing market and expected that the market will reach high growth figures. Aluminium is a lightweight metal, which is produced from bauxite. Bauxite is rich in aluminium oxides, which is melted and electrolyzed to produce primary aluminium. It is widely used across various industries for applications such as, cans, foils, utensils, frames, and structure among other applications. Recycled aluminium can be defined as the scrap aluminium obtained from the primary aluminium while casting, cutting and millings, generally termed as new scrap. The other sources of recycled scrap is from end-of-life aluminium products such as, foils, scrap vehicles and aluminium cans among others. Developed nations have minimized its use of primary aluminium and are more inclined towards use of recycled aluminium, which in turn is contributing to the economic growth and environmental harmony, this trend is being slowly adapted by the developing nations with establishment of new recycling facilities in these regions.
The key players of Global Aluminium metals Market:
RUSAL, Aluminium Corporation of China Ltd., Rio Tinto Alcan Inc., Norsk Hydro ASA, Alcoa, Inc., China Hongqiao Group Limited, and Emirates Global Aluminium PJSC
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Aluminium is exclusively used across an array of industries for various applications such as for structural and Powertrain applications in the automotive industry, frames and structures in the building & construction sector. was valued at USD 1, 12,487.9 million in 2015 and is expected to reach USD 1, 60,696.1 million by the end of 2022, expanding at a CAGR of 5.3% from 2016 to 2022.
Aluminium is one of the most abundantly found metallic element in the earth’s crust, with its enormous properties such as malleability, ductility, machinability, and durability among others. Comparatively, aluminium weighs one-third of metals such as, copper and steel, without jeopardizing the strength and exhibit remarkable corrosion properties. Aluminium is exclusively used across an array of industries for various applications such as for structural and Powertrain applications in the automotive industry, frames and structures in the building & construction sector.
Geographically, Asia-Pacific region dominates the aluminium metals market both in terms of volume and value and is expected to grow significantly at a CAGRs of 5.9 % and 5.3 % respectively. China is major revenue generating country due to increasing consumption of aluminium metals across different industries and high export of aluminium. Europe accounts for second largest market share in the global aluminium metals market.
Market Segmentation:
By Types: Primary Aluminium and Recycled Aluminium
By Application: Automotive & Transportation, Construction, Foil & Packaging, Electrical, Machinery & Equipment, Consumer Goods, and Others
By Regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa
Key Findings:
Aluminium Metals Market is projected to reach USD 60,696.1 million by 2022 with 5.3% CAGR during review period of 2016-2022
Asia-Pacific accounted for largest share due to growing application industries in this region
Aluminium metals market is dominated by the top ten producers of aluminium in the world, the demand for aluminium metals across automotive & transportation, and rapid industrialization & urbanization coupled with a booming construction sector in the developed markets to bolster aluminium metals market growth.
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Study Objectives of Aluminium Metals Market:
- To study market overview of the Aluminium metals.
- To estimate market size by derivatives, by application and region.
- To provide insights about market drivers, restrains and opportunities of Aluminium metals market.
- To provide geographically market analysis and outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries.
- To analyze the Global Aluminium metals Market based on various factors- supply chain analysis, porters five force analysis etc.
- To provide strategic profiling of the key players in the market, broadly analyzing their core competencies.
- To evaluate competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Aluminium metals
Reasons to Buy:
- This report includes in-depth study analysis of Aluminium metals market
- It covers market segmentation by type, by application and by end user.
- It helps in identifying region-wise major suppliers and understand consumption patterns.
- The report will provide useful and premium insights that will support in investments of Aluminium metals and allied companies providing details on the fast-growing segments and regions.In addition, it will provide key findings that will help the companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report.
- The data used in the report is primarily based on primary interviews with the major producing companies and industry experts and supported by authentic industry data from secondary sources.
Target Audience:
- Aluminium metals producers
- Traders and distributors
- Association and government bodies.
- Application industries
- Electronic manufacturers
- Research institute
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