Definition of Market/Industry:

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.

Statistics:

The global aluminum market is estimated to account for 72,050.0 thousand tons in terms of volume by the end of 2019

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.

Statistics:

Asia Pacific excluding Japan region dominated the global aluminum market in 2018, accounting for 60.96% share in terms of volume, followed by North America and Western Europe, respectively

Figure 1. Global Aluminum Market Share, By Region, 2018

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.

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 Share, Opportunity Analysis

Aluminum  | Coherent Market Insights

Statistics:

Global aluminum market was pegged at 67,744.0 thousand tons market in 2018 and is forecast to reach a volume of 117,499.4 thousand tons by 2027 at a CAGR of 6.3% between 2019 and 2027 

Market Trends/Key Takeaways

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.

Rising demand for a pre-fabricated aluminum product for increasing construction activities process is another major trend that has been observed in the market. Moreover, the growing demand for high-resistant aluminum components for developing transportation infrastructures such as the construction of rails and bridges is further projected to propel the market growth of aluminum over the forecast period.

Competitive Section:

Company Names 

  • 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.
  • China Power Investment Corporation

Few Recent Developments

Rio Tinto Plc

  • In February 2018, Rio Tinto has accepted an offer for its remaining aluminum assets in Europe, including its Isal smelter in Iceland. The Anglo-Australian miner said Norway’s Hydro had offered $345m for the 205,000 tons a year plant in Hafnarjordur and would also acquire majority interests in two other businesses in Netherlands and Sweden.
  • In November 2015, Rio Tinto invested US$ 1.9 Bn in the expansion of its Amrun bauxite project

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 global aluminum market and provides market size (US$ Million & Thousand Tons) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading 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 includes, 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 the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, 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 the 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
    • Latin America
      • Brazil
        • 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
    • Western Europe
      • 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
      • UK
        • 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
      • Spain
        • By Product Type
          • Extrusions
          • Rolled
          • Castings
          • Wire & Cable
          • Others
        • By Application
          • Automotive & Transportation
          • Construction
          • Packaging
          • Electrical & Electronics
          • Consumer Durables
          • Others
      • Rest of Western Europe
        • By Product Type
          • Extrusions
          • Rolled
          • Castings
          • Wire & Cable
          • Others
        • By Application
          • Automotive & Transportation
          • Construction
          • Packaging
          • Electrical & Electronics
          • Consumer Durables
          • Others
    • Eastern Europe
      • Russia
        • By Product Type
          • Extrusions
          • Rolled
          • Castings
          • Wire & Cable
          • Others
        • By Application
          • Automotive & Transportation
          • Construction
          • Packaging
          • Electrical & Electronics
          • Consumer Durables
          • Others
      • Poland
        • By Product Type
          • Extrusions
          • Rolled
          • Castings
          • Wire & Cable
          • Others
        • By Application
          • Automotive & Transportation
          • Construction
          • Packaging
          • Electrical & Electronics
          • Consumer Durables
          • Others
      • Rest of Eastern Europe
        • By Product Type
          • Extrusions
          • Rolled
          • Castings
          • Wire & Cable
          • Others
        • By Application
          • Automotive & Transportation
          • Construction
          • Packaging
          • Electrical & Electronics
          • Consumer Durables
          • Others
    • APEJ
      • 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
      • ASEAN
        • By Product Type
          • Extrusions
          • Rolled
          • Castings
          • Wire & Cable
          • Others
        • By Application
          • Automotive & Transportation
          • Construction
          • Packaging
          • Electrical & Electronics
          • Consumer Durables
          • Others
      • Oceania
        • By Product Type
          • Extrusions
          • Rolled
          • Castings
          • Wire & Cable
          • Others
        • By Application
          • Automotive & Transportation
          • Construction
          • Packaging
          • Electrical & Electronics
          • Consumer Durables
          • Others
      • Rest of APEJ
        • By Product Type
          • Extrusions
          • Rolled
          • Castings
          • Wire & Cable
          • Others
        • By Application
          • Automotive & Transportation
          • Construction
          • Packaging
          • Electrical & Electronics
          • Consumer Durables
          • Others
    • Japan
    • Middle East & Africa
      • GCC Countries
        • By Product Type
          • Extrusions
          • Rolled
          • Castings
          • Wire & Cable
          • Others
        • By Application
          • Automotive & Transportation
          • Construction
          • Packaging
          • Electrical & Electronics
          • Consumer Durables
          • Others
      • North Africa
        • By Product Type
          • Extrusions
          • Rolled
          • Castings
          • Wire & Cable
          • Others
        • By Application
          • Automotive & Transportation
          • Construction
          • Packaging
          • Electrical & Electronics
          • Consumer Durables
          • Others
      • South Africa
        • By Product Type
          • Extrusions
          • Rolled
          • Castings
          • Wire & Cable
          • Others
        • By Application
          • Automotive & Transportation
          • Construction
          • Packaging
          • Electrical & Electronics
          • Consumer Durables
          • Others
      • Rest of MEA
        • By Product Type
          • Extrusions
          • Rolled
          • Castings
          • Wire & Cable
          • Others
        • By Application
          • Automotive & Transportation
          • Construction
          • Packaging
          • Electrical & Electronics
          • Consumer Durables
          • Others
  • 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 Objective 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
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Aluminum Market, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Extrusions
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Thousand Tons)
    • Rolled
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Thousand Tons)
    • Castings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Thousand Tons)
    • Wire & Cable
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Thousand Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Thousand Tons)
  5. Global Aluminum Market, By Application, 2017- 2027 (US$ Million & Thousand Tons)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Automotive & Transportation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Thousand Tons)
    • Construction
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Thousand Tons)
    • Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Thousand Tons)
    • Electrical & Electronics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Thousand Tons)
    • Consumer Durables
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Thousand Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Thousand Tons)
  6. Global Aluminum Market, By Region, 2017- 2027 (US$ Million & Thousand Tons)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
    • Latin America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
    • Western Europe
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • Rest of Western Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
    • Eastern Europe
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • Rest of Eastern Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
    • APEJ
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • Oceania
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • Rest of APEJ
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • GCC Countries
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • North Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
        • Rest of Middle East & Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Thousand Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Thousand Tons)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Rio Tinto Plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Norsk Hydro ASA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • UC RUSAL
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Auriga Industries A/S  
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Alcoa Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • China Hongqiao Group Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Aluminum Corporation of China Limited  
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Emirates Global Aluminum PJSC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Noranda Aluminum Holding Corporation   
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Aditya Birla Management Corporation Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • China Power Investment Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users