Oct 28, 2019 (AB Digital via COMTEX) -- Aluminum Market Overview:
Aluminum is a metal that is found in abundance within earth’s crust, thanks to massive bauxite reserves across the globe. The global aluminum market is expected to upscale at a 6.71% CAGR over the assessment period. As per the latest analysis by Market Research Future (MRFR), the global aluminum market is driven by various factors during the forecast period of 2018-2025. Aluminum has several characteristics that make it a material fit for use in various end-use industries.
Aluminum Market Key Players:
Some of the distinguished players in the aluminum market include; Hindalco Industries Limited, Vedanta Limited, NALCO, Kennametal India Limited, Gujarat Foils Limited, Alcoa Corporation, Rio Tinto Alcan Inc., Rusal, Norsk Hydro ASA, Emirates Global Aluminum PJSC, Aluminium Bahrain, Century Aluminum Company, Aluminum Corporation of China, China Hongqiao Group Limited, BHP Billiton Aluminium Australis Pty Ltd.
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Aluminum Market Regional Analysis:
The global aluminum market is segmented on a regional basis into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa (MEA). Asia Pacific’s aluminum market is expected to witness high growth owing to the constant surge noted in the construction and automotive industries in the region. Within Asia Pacific, India and China are expected to spearhead the country-specific aluminum market over the forecast period. The APAC aluminum market is expected to reach a market valuation of USD 148,966.2 million by the end of the assessment period.
Europe is likely to trail behind Asia Pacific and garner the second-largest share of the global aluminum market. The region is expected to gain a valuation of USD 31,812.8 million by the end of the review period.
On the other hand, North America is expected to showcase significant growth in the aluminum market over the forecast period. It is anticipated to project a CAGR of 5.88% between 2018-2025, reaching a valuation of USD 26,329.9 million in the meantime. The Middle East & Africa is assessed to witness a 6.79% CAGR during the forecast period.
Aluminum Market Segmentation:
Market Research Future (MRFR) has included a detailed study of the aluminum market for different types, products produced from aluminum, and various applications of aluminum. Different types studied in the report include primary and secondary. Different products included in the study are flat-rolled, extrusions, castings, forgings, rod & bar, and pigments & powder. Flat-rolled products include litho sheets, building sheet, common alloy, can body stock, and foil stock.
Various types of rod & bar include wires & cables, and aluminum conductors. Aluminum has many applications in various end-user industries such as building & construction, machinery & equipment, foil & packaging, hardware & accessories, electrical, transportation, solar, utensils, and consumer goods.
Aluminum Market Table Of Contents:
1 Executive Summary
2 Market Introduction
3 Market Insights
4 Research Methodology
5 Market Dynamics
Aluminum Market Table Of Contents to be Continue…….,
Aluminum Market List Of Tables:
Table 1 List Of Assumptions
Table 2 Comparative Strategic Analysis Of Aluminum Consumption, By Country And Region
Table 3 Global Bauxite Reserves And Production, By Region (2015)