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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Aluminum is a silver-white element and belongs to group 13 of the periodic table. It is durable, light, and functional that makes the aluminum ideal as an engineering material since it is highly resistant to corrosion. Moreover, aluminum metal is nontoxic (as the metal) and nonmagnetic. It has a wide range of applications across various industries for making different products. Aerospace, construction, manufacturing, electronics, packaging, etc. are some of the major end-user industries of the aluminum. It is also used as an electrical transmission line and packaging materials such as cans and containers. The global aluminum market is estimated to reach 102,976.2 Thousand Tons by the end of 2027 in terms of volume, exhibiting a CAGR of 6.1% during the forecast period (2020 to 2027).

Drivers

Rising demand for aluminum from the various end-user industry due to its excellent property of durability, ductility, and lightweight is primarily fueling the market growth of aluminum. Rising usage of aluminum because it helps to minimize the carbon emission is further propelling its demand across transportation, automotive, renewable energies and green buildings, and air conditioning & refrigeration. Hence this is also expected to favor the market growth of aluminum.

Increasing application of aluminum from industries such as oil and gas, solar energy, and telecommunication is projected to boost the market growth of aluminum. Moreover, it easily gets recycled which makes it ideal raw materials for various applications is also expected to foster market growth. Furthermore, across various industries, it is gaining demand as a substitute for various metal. For instance, aluminum is replacing steel materials in the automotive industry due to its lightweight, ability to enhance fuel-efficiency of the vehicle as well as contributing towards meeting standards set by Corporate Average Fuel Economy (CAFE). For instance, in January 2015, Ford introduced an F-150 pickup truck with aluminum body. This is expected to propel the market growth of aluminum.

Among region, Asia Pacific held dominant position in the global aluminum market in 2019, accounting for 61.2% market share in terms of volume, followed by North America and Europe.

Figure 1. Global Aluminum Market Volume Share (%), By Region, 2019

Aluminum  | Coherent Market Insights

Market Restraints

The aluminum industry is witnessing a decrease in profit margin due to oversupply is a major factor expected to hamper the market growth of the aluminum. Moreover, the lack of clean energy that curbs the Co2 emission is also projected to hinder the market growth of aluminum. Few regions with high energy costs, such as few parts of the U.S. and China are becoming less attractive as a location for aluminum production which is expected to hamper the market growth of aluminum. Moreover, rising competition in the industry coupled with the fluctuating prices of raw material is also expected to limit the market growth of aluminum over the forecast period.

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Aluminum Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: 72,050.0 Thousand Tons
Historical Data for: 2017 and 2018 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 6.1% 2027 Value Projection: 102,976.2 Thousand Tons
Geographies covered:
  • Regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Segments covered:
  • By Product Type: Extrusions, Rolled, Castings, Wire & Cable and Others
  • By Application: Automotive & Transportation, Construction, Packaging, Electrical & Electronics, Consumer Durables and Others
Companies covered:

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.

Growth Drivers:
  • Rising demand for aluminum from the various end-user industries
  • Increasing application of aluminum from industries such as oil and gas, solar energy, and telecommunication
Restraints & Challenges:
  • Decrease in profit margin due to oversupply of aluminum

Market Opportunities

Growing capacity of aluminum smelting plant in order to meet the rising demand for energy around the globe is projected to fuel the market growth of aluminum over the forecast period. For instance, new smelters are established in the region such as Russia, Malaysia, Africa, the western and north-western provinces of China, India and other developed regions where stranded energy can be available.

Shifting focus of the manufacturers on recycling of aluminum is projected to offer new growth opportunities to the market of aluminum. Rising volatility in commodity prices, increasing volumes of waste and growing implementation of environmental rules and regulations are some of the major factors fueling the demand for recycling. Hence this is expected to augment the market growth of aluminum.

Figure 2. Global Aluminum Market– Opportunity Analysis

Aluminum  | Coherent Market Insights

Market Trends

The rising preference of the user for application-specific aluminum has been observed as a major trend in the industry. For instance, lightweight aluminum material for various transport vehicles for improving fuel efficiency and high-tensile aluminum for enhancing vehicle safety. Therefore, this factor is presumed to foster the market growth of aluminum over the forecast period. Furthermore, rising demand for extruded aluminum products from the construction industry is also projected to fuel market growth. For instance, the GCC region is emerging as a major market in extruded aluminum products, deriving a majority of demand from the building and construction industry, which consumes about 400,000 tons of aluminum annually.

Figure 3. Global Aluminum Market Volume Share (%), By Application, 2019

Aluminum  | Coherent Market Insights

On the basis of application, in 2019, the construction segment accounted for 23.1% in terms of volume, followed by Automotive & Transportation and Packaging, respectively. This is owing to growing application in construction industry such as for manufacturing roofs, façades, venetian blinds and doors.

Global Aluminum Market - Impact of Coronavirus (Covid-19) Pandemic

The pandemic impact on global economic activity is expected to be profound. The demand for aluminum has been hit already, owing to downturn in automotive and aerospace sector. According to International Aluminum Institute, the global aluminum demand will contract by 5.4% in 2020, followed by a prolonged period of slow and staggered recovery. According to the same source, the impact on China’s aluminum demand is expected to be severe over the short term, although a strong recovery in demand in 2021 is forecast, followed by a return to pre-Covid growth rates beyond 2022.

Competitive Section

Key players operating in the global aluminum market 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.

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.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
  4. Global Aluminum Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Aluminum Market – COVID-19
    • Impact Analysis
  5. Global Aluminum Market, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
    • Introduction
      • Market Share Analysis, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Extrusions
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & Thousand Tons)
    • Rolled
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & Thousand Tons)
    • Castings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & Thousand Tons)
    • Wire & Cable
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & Thousand Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & Thousand Tons)
  6. Global Aluminum Market, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
    • Introduction
      • Market Share Analysis, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Automotive & Transportation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & Thousand Tons)
    • Construction
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & Thousand Tons)
    • Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & Thousand Tons)
    • Electrical & Electronics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & Thousand Tons)
    • Consumer Durables
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & Thousand Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & Thousand Tons)
  7. Global Aluminum Market, By Region, 2017- 2027 (US$ Mn & Thousand Tons)
    • Introduction
      • Market Share Analysis, By Region, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
    • Latin America
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
    • Europe
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Sub-Region, 2020 - 2027
        • Middle East
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
        • Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & Thousand Tons)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Rio Tinto Plc
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Norsk Hydro ASA
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • UC RUSAL
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Auriga Industries A/S
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Alcoa Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • China Hongqiao Group Ltd
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Aluminum Corporation of China Limited
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Emirates Global Aluminum PJSC
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Noranda Aluminum Holding Corporation
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Aditya Birla Management Corporation Pvt. Ltd.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • China Power Investment Corporation
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 150 market data tables* and 82 figures* on "Aluminum Market” - Global forecast to 2027.

Frequently Asked Questions

The global aluminum market is estimated to reach 102,976.2 thousand tons by 2027 and is expected to exhibit a CAGR of 6.1% between 2020 and 2027.
Rising demand for aluminum from the various end-use industry is expected to drive the market growth during the forecast period.
The rising preference of the user for application-specific aluminum has been observed as a major trend in the industry.
The aluminum industry is witnessing a decrease in profit margin due to oversupply is a major factor expected to hamper the market growth of the aluminum.
Major players operating in the global aluminum market 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.
The global aluminum market was pegged at 72,050.0 thousand tons in terms of volume in 2019.
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