Aluminum is one of the abundant element found in the Earth’s crust after silicon and oxygen incorporated in a mineral, bauxite ore. It weighs about one-third as much as copper or steel. It is ductile, malleable, and exhibits excellent durability, corrosion resistance and significant strength when alloyed. It is widely used in automobiles, cans, foils, windows, cooking utensils and others
Market Dynamics
Increasing demand from automotive sectors where reduced weight is significant for emission control, is fueling the growth of aluminum market. Furthermore, new technological advancements in aluminum is expected to drive the aluminum market growth. For instance, in May 2018, Rio Tinto and Alcoa Corporation announced a free aluminum smelting process to make aluminum which produces oxygen and eliminates emissions of all direct greenhouse gases. Apple is investing in this joint venture on carbon-free smelting process.
However, increasing presence of aluminum substitutes such as zinc and copper is restraining the growth of aluminum market.
Various manufacturers are focused towards organic and inorganic growth strategies such as mergers, acquisition and joint venture to enhance their global footprint. For instance, in February 2018, Patrick Industries, Inc. acquired assets of Aluminum Metals Company, LLC (AMC), the distributor and manufacturer of aluminum products which includes extrusions, fabricated sheets and coils. This acquisition allows them to be an expertise as a high quality supplier of a variety of customized fabricated aluminum products.
Asia Pacific is expected to be the fastest growing region in the global aluminum market over the forecast period, owing to large presence of bauxite mining in countries such as China and India. According to the Aluminum Association, China accounted for total 32% of bauxite mining in 2016 and is expected to show the continuous growth. Also, China is the world’s largest producer and a huge exporter of semi-manufactured aluminum products. According to United States, Geological Survey (USGS), the smelter production in China was 24,400 thousand metric tons and increased up to 32,000 metric tons in 2015.
Key features of the study:
- This report provides in-depth analysis of aluminum market, and provides market size (US$ Million and Thousand Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global aluminum market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Rio Tinto Plc, Norsk Hydro ASA, UC RUSAL, Alcoa Inc., China Hongqiao Group Ltd., Aluminum Corporation of China Limited, Emirates Global Aluminum PJSC, Noranda Aluminum Holding Corporation, Aditya Birla Management Corporation Pvt. Ltd. and China Power Investment Corporation.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology upgradation, market expansion, and marketing tactics
- The global aluminum market report caters to various stakeholders in this industry including investors, suppliers, aluminum manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aluminum market
Detailed Segmentation:
- Global Aluminum Market, By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- Global Aluminum Market, By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Global Aluminum Market, By Region:
- North America
- U.S.
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Canada
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Europe
- U.K.
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Italy
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- France
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Germany
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Spain
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Russia
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Rest of Europe
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Asia Pacific
- China
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- India
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Japan
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- ASEAN
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Australia
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Rest of Asia Pacific
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Latin America
- Brazil
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Argentina
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Mexico
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Rest of Latin America
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Middle East & Africa
- Middle East
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Africa
- By Product Type:
- Extrusions
- Rolled
- Castings
- Wire & Cable
- Others
- By Application:
- Automotive & Transportation
- Construction
- Packaging
- Electrical & Electronics
- Consumer Durables
- Others
- Company Profiles
- Rio Tinto Plc *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Norsk Hydro ASA
- Alcoa Inc.
- China Hongqiao Group Ltd.
- Aluminum Corporation of China Limited
- Emirates Global Aluminum PJSC
- Noranda Aluminum Holding Corporation
- Aditya Birla Management Corporation Pvt. Ltd.
- China Power Investment Corporation
“*” marked represents similar segmentation in other categories in the respective section.
