Global Aluminium Market is Foreseen to Value Over USD 178,366 Million by 2026 End

  • 19 Jun 2019

Global aluminium market is predicted to value over USD 178,366 million by 2026 end and register CAGR of over 3% during the forecast period 2019 to 2026. 

Aluminium has unique characteristics like high malleability, ductility, conductivity and strength when alloyed.  Aluminium is highly used as metal in end-use industries like pharmaceutical industries and food & packaging industries. Since it's a good electrical conductor, it's used in an electrical transmission line. Aluminium is heavily utilized in construction, electrical engineering, transport. electrical engineering and machinery and equipment industries. 

The growing demand for recycled aluminium in the automotive and aerospace industries is boosting the growth of the market. Growth of the transport industry and technological advancements has led to more growth in the field. The growth of the automotive industry is also expected to boom the aluminium market. Gradual demand for fuel-efficient and lightweight vehicles has led to more growth of the aluminium market. Nations like Brazil and the US are reducing production to neutralize increasing prices and this has resulted in more growth of the market. 

However, bauxite reserves are getting endangered and this has diminished the growth of the market. Fluctuating prices of raw materials of aluminium and high import tariffs dictated on India and China has hindered the growth of the market. 

Asia and Pacific currently hold vast market share and is expected to drive the market in the coming time. China is the leading producer of aluminium. Canada and Russia are behind China. Expansion of the construction industry in Asia and the Pacific region has led to more growth of the aluminium market. Rapid urbanization has also played its part in the rising growth of the market. Europe and North America sit behind Asia and Pacific in the aluminium market. Expansion of automotive industries and rapid urbanization in the US, Canada and Germany has contributed to the growth of the aluminium market.


Some of the prominent players of the market are Emirates Global Aluminium PJSC, Rio Tinto , RUSAL and Alcola Corporation. 

Aluminum Market Restraints: 
●    Fluctuating prices of raw materials
●    Bauxite reserves getting endangered 
●    High import tariffs 

 

Aluminum Market Segmentation: 
By Processing Method:

●    Flat Rolled
●    Castings, Extrusions
●    Forgings
●    Pigments & Powders
●    Rod & Bars

By End User:
●    Transport
●    Building & Construction
●    Electrical Engineering
●    Consumer Goods 
●    Foil & Packaging
●     Machinery & Equipment
●    Others


By Region
●    Europe  
●    North America  
●    Asia-Pacific  
●    Latin America
●    Rest of World

 

Competitive Landscape:
●    Tier 1 players- established companies in the market with a major market share
●    Tier 2 players
●    Emerging players which are growing rapidly
●    New Entrants

FutureWise Key Takeaways
●    Growth Prospects
●    SWOT Analysis
●    Key Trends
●    Key data-points affecting market growth 

 

Objectives of the Study:
●    To provide an exhaustive analysis on  aluminium market by processing, by end users and by region
●    To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
●    To evaluate and forecast micro-markets and the overall market
●    To predict the market size, in key regions (along with countries)—North America,
●    Europe, Asia Pacific, Latin America, and the Middle East
●    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
●    Profiling of companies to evaluate their market shares, strategies, financial and core
      competencies

 

Get unlimited analyst support and customise this study further to your requirements, contact sales@futurewiseresearch.com