Aluminum Market by End User Industry (Transport, Building &Construction, Electrical Engineering, Consumer Goods, Foil & Packaging, Machinery & Equipment, Others), by Processing Method (Flat Rolled, Castings, Extrusions, Forgings, Pigments & Powder, Rod & Bar), By Series (1 Series, Series 2, Series 3, Series 4, Series 5, Series 6, Series 7, Series 8) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Market Definition:

The global Aluminum Market size valued to USD 151.99 billion in 2019, is predicted to reach USD 205.72 billion by 2030, with a CAGR of 2.70% from 2020-2030.

Aluminum is an abundant metal having strong affinity towards oxygen and possess significant strength. It characteristics such as low metal density, resistance to corrosion, high conductivity, high malleability as well as ductility, non-toxicity, high resistivity, high reflectivity, recyclability, high volumetric energy density, exceptional light weight and anti-microbial property, makes it highly advantageous in food & packaging industries, pharmaceutical industries, electric transmission applications, aerospace industries as well as in other industry verticals.

Market Dynamics and Trends:

The global aluminum market is proliferating owing to factors such as consistent growth in the construction industry, growing demand of automobiles, as well as upsurge in the usage of aluminum for packaging in the food & beverage industry. Besides, factors such as rapid urbanization, increase in vertical integration, infrastructural developments as well as technological advancements are expected to supplement the market growth throughout the forecast period.

However, factors such as fluctuating prices of raw materials and increasing competition offered by substitute materials such as glass as well as plastic, are anticipated in hampering the aluminum market growth during the forecast period.

Moreover, growing demand of aluminum in the emerging economies, increasing use of recycled aluminum products as well as inclination of the manufacturing firms towards sustainable development, are expected to foster the global aluminum market growth in future.

Market Segmentations and Scope of the Study:

The aluminum market share analysis is based on type, product, vertical industry, and geography. Based on type, the market is segmented into primary aluminum and secondary/recycled aluminum. Based on product, the market covers castings, extrusions, flat rolled, forgings, rod & bar, pigments & powder, and others. Based on vertical industry, the market is classified into transport, building & construction, electrical, hardware & accessories, consumer goods, foil & packaging, machinery & equipment, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

Asia-Pacific is dominating the global aluminum market, and it is expected to maintain its dominance throughout the forecast period, accounting for highest market shares. This is attributable to the factors including rapid urbanization, industrial development, higher usage in transportation as well as building & construction industries.

Europe being the second-largest aluminum market, is expected to hold significant market share owing to recovering economic growth and growing demand for lightweight material from the automotive industry.

North America region is expected to witness a substantial growth in the global aluminum market, owing to increasing use of recycled aluminum products, infrastructural advancements as well as technological developments.

Competitive Landscape:

Comprehensive competitive analysis and profiles of the major market players such as Rio Tinto Alcan Inc., United Company RUSAL Plc., Alcoa Corporation, China Hongqiao Group Ltd., China Power Investment Corp., Xinfa Group Co., Ltd., East Hope Group Company Limited, Emirates Global Aluminum PJSC, Norsk Hydro ASA, Aluminium Corporation of China Limited, and among others are provided in the aluminum market report.

The prominent players have adopted product launches and collaborations as their key strategies to gain substantial share in the global aluminum market.

For instance, in May 2019, the Chinese manufacturing giant East Hope Group Company Limited collaborated with Khalifa Industrial Zone Abu Dhabi (KIZAD), on setting up a development project worth more than $10 billion at Abu Dhabi’s industrial hub. The 15-year, three-phase development plan strategizes at developing an alumina facility in phase one of the project, a red mud research centre and recycling unit in phase two of the project as well as large-scale upstream and downstream non-ferrous metal processing facilities in the final phase of the project. With this integration, the players aim at setting up the strictest environmental standards, hence facilitating the UAE’s sustainability ambitions.

KEY BENEFITS:

• The aluminum market report provides a quantitative analysis of the current market and estimations through 2019-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the aluminum market trend including current and future trends for depicting the prevalent investment pockets in the market

• The report provides detailed information related to key drivers, restraints, opportunities and their impact on the aluminum market.

• The report incorporates competitive analysis of the market players along with their market share and market size in the global aluminum market.

• The study elaborates SWOT analysis and Porters Five Forces model for the aluminum market.

• Value chain analysis and aluminum market trend in the study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By End User Industry

• Transport

• Building & Construction

• Electrical Engineering

• Consumer Goods

• Foil & Packaging

• Machinery & Equipment

• Others

By Processing Method

• Flat Rolled

• Castings

• Extrusions

• Forgings

• Pigments & Powder

• Rod & Bar

By Series

• Series 1

• Series 2

• Series 3

• Series 4

• Series 5

• Series 6

• Series 7

• Series 8

By Geography

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

  • Rest of Asia-Pacific

• RoW

  • Saudi Arabia

  • South Africa

  • Turkey

REPORT SCOPE AND SEGMENTATION: