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Aluminium Market Price | Global Production, Growth, Demand, Industry Analysis, Forecast Report for (2020-2025)

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Jun 26, 2020 (SUPER MARKET RESEARCH via COMTEX) -- According to a new report by EMR titled, ' Global Aluminium Market Report and Forecast 2020-2025 , the global aluminium consumption reached a volume of 68.6 million metric tons in 2019. The consumption is likely to increase at a CAGR of 3.63% in the forecast period of 2020-2025 to reach a volume of approximately 85 million metric tons by 2025.

The global aluminium market is dominated by the transport and the construction segments. The increasing demand from these segments is aiding the demand growth for aluminium. The Asia Pacific region and the Americas are significant regional markets in the industry. The Asia Pacific region is one of the largest producers of aluminium, along with Canada, Russia, and the United Arab Emirates. China is the leading producer within the Asia Pacific region as well as a significant consumer of aluminium. Apart from China, India is witnessing an increased demand for aluminium supported by its rising construction as well as transportation sector.

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Another major producer and exporter of aluminium is Australia. The downstream industry for the product is driving the market growth in the region. The nation produces a significant volume of alumina and bauxite. Within the country, packaging, construction, and non-ferrous manufacturing account for the largest share of the end-use industry. The increasing demand for aluminium in the United States and some European nations is also propelling the market growth for aluminium. The countries significantly use the product for manufacturing aircraft.

In May 2018, Alcoa Corporation /zigman2/quotes/200686102/composite AA +1.97% and Rio Tinto /zigman2/quotes/202627887/composite RIO +0.47% , major players in the aluminium market, joined hands for a venture called Elysis, where they will undertake the first ever carbon-free aluminium smelting process. An investment of nearly USD 188 million (CAD) has been put into the project by Alcoa, Rio Tinto, the Government of Canada, the Government of Quebec, and Apple.Alcoa, a United States-based company, is one of the largest producers of aluminium and aluminium products in the world. Its joint venture with Rio Tinto is expected to further add to the growth of the aluminium market globally.

Market Analysis by Types:

  • Primary

  • Recycled

Primary and recycled are the major types of aluminium in the market.

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Market Analysis by Applications:

  • Transport

  • Construction

  • Electrical

  • Packaging and Foil

  • Consumer Goods

  • Others

Based on application, the market can be divided into transport, construction, electrical, packaging and foil, and consumer goods sectors, among others.

Market Analysis by Regions:

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

The regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The aluminium market is being driven by the growing demand from the end-use industries.

  • The increasing use of aluminium for making aircraft is driving the market growth.

  • The growing transportation and automobiles industries are boosting the demand for aluminium.

$ 11.90
+0.23 +1.97%
Volume: 2.73M
Sept. 30, 2020 1:45p
P/E Ratio
Dividend Yield
Market Cap
$2.17 billion
Rev. per Employee
$ 60.49
+0.28 +0.47%
Volume: 1.38M
Sept. 30, 2020 1:45p
P/E Ratio
Dividend Yield
Market Cap
$100.63 billion
Rev. per Employee
1 2
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