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Aluminium Metals Market 2019 Global Key Players, Industry Size, Share, Demand, Growth Analysis, Revenue and Forecast 2023

Apr 18, 2019 (Heraldkeeper via COMTEX) -- Aluminium Metal Market Set To Grow At A CAGR Of 5.3% in the Forecast Period

Global Aluminium Metals Market Information-by Type (Primary Aluminium, Recycled Aluminium), by Application (Automotive & Transportation, Construction, Foil & Packaging, Electrical, Machinery & Equipment, Consumer Goods and others) and by Region – Forecast to 2022

Market Overview :

The aluminium metal market has experienced a steady period of growth since its discovery. Market Research Future which specializes in market reports related to the chemicals and materials sector amongst others lately published a report on this industry. The market is projected to reach USD 1, 60,697 million by the end of the year 2022, while growing at a CAGR of 5.3 per cent from 2016 to 2022.

Global Leaders:

The important players in the market are Aluminium Corporation of China Ltd., Emirates Global Aluminium PJSC, RUSAL, Rio Tinto Alcan Inc., Alcoa, Inc., China Hongqiao Group Limited and Norsk Hydro ASA.

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Industry Updates:

Jan 2018

Axion Recycling, which is a resource recovery expert will be entering into a business association with Jaguar Land Rover in its ongoing venture to grow the recycled aluminium content in fresh cars. The project named the REALITY project was established in 2017 and will continue for three years. Another initiative, The REALCAR scheme retrieved over 75,000 tonnes of aluminium from vehicles at their end-of-life stage in period from 2016 to 2017 which were used again in new vehicles.

Jan 2018

Novelis which is an American subsidiary of the Aditya Birla flagship Hindalco that they will spend around $300 million in an aluminium sheet manufacturing facility for automotive in Kentucky owing to its plans to increase the production for automotive needs to meet the accumulative demand. The project which is anticipated to get commissioned by 2020 will have a volume of 200,000 metric tons and will comprise of heat treatment and pre-treatment lines that prepare aluminum for vehicle parts.

Jan 2018

Yunnan Chihong Zinc, Yunnan Aluminium and Germanium recently announced that their holding entity, the State-owned Assets Supervision and Administration Commission (SASAC) of the Yunnan branch, was preparing to excercise its governing stake in these entities to unite with Chinalco.

Due to the widespread availability and abundance of the metal, have led to the presence of this metal in diverse applications. Applications of aluminium have also significantly contributed to the increase of the metal extraction. The characteristics of the metal such as light weightedness, flexiblity and malleability have led to the incorporation of the product in diverse industry.

Global Competitive Analysis:

The sector's substantial transformation due to the rapid growth pace has led to experimentation with many plus points. The competitors in the industry are trying to increase their market share to a considerable size by the effectual employment of their major resources to start growth transformations which can be long lasting. This approach has allowed for trends which are linked to development and are notably volume driven. This has led to a boost in diverse ranges and product forms. The industry's long term growth can be utilized upon by constant ongoing process improvements and sustaining financial fluidity to spend in the best strategies when they are available.

Industry Segments:

The industry for aluminum is divided into the following categories for better perspective of the market and its development.

By Application: Construction, Machinery & Equipment, Consumer Goods, Foil & Packaging, Automotive & Transportation, Electrical and Others

By Regions: Asia-Pacific, North America, Latin America, Europe and Middle East & Africa

By Types: Recycled Aluminium and Primary Aluminium

Detailed Regional Analysis:

The Asia-Pacific region controls the aluminium metals industry both in terms of value and volume and will be expected to grow considerably at a CAGR per cent of 5.3 approximately. China is the chief income producing country due to growing consumption of aluminium metals across diverse industries and great export levels of aluminium. Europe is the second biggest market share in the international aluminium metals market.

Study Objectives of Aluminium Metals Market:

  • To study market overview of the Aluminium metals.

  • To estimate market size by derivatives, by application and region.

  • To provide insights about market drivers, restrains and opportunities of Aluminium metals market.

  • To provide geographically market analysis and outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries.

  • To analyze the Global Aluminium metals Market based on various factors- supply chain analysis, porters five force analysis etc.

  • To provide strategic profiling of the key players in the market, broadly analyzing their core competencies.

  • To evaluate competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Aluminium metals

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Key Findings :

Global Aluminium Metals Market is projected to reach USD 60,696.1 million by 2022 with 5.3% CAGR during review period of 2016-2022
Asia-Pacific accounted for largest share due to growing application industries in this region
Aluminium metals market is dominated by the top ten producers of aluminium in the world, the demand for aluminium metals across automotive & transportation, and rapid industrialization & urbanization coupled with a booming construction sector in the developed markets to bolster aluminium metals market growth.

Global Aluminium Metals Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Some Points From Table Of Figures :

FIGURE 1 TOP DOWN & BOTTOM UP APPROACH

FIGURE 2 FORECAST MODEL

FIGURE 3 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND TRENDS OF GLOBAL ALUMINIUM METALS MARKET

FIGURE 4 AUTOMOTIVE PRODUCTION (2014-2022)

FIGURE 5 URBAN POPULATION GROWTH (2015-2022)

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