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India to emerge as a responsible exporter of coal: Hindustan Zinc, Vedanta, Adani coal project join the call
While thermal coal turns out to be the best performing asset of the year, leaving behind real estate and financial stocks, India exported 8 Lakh MT coal to its neighboring countries, crossing a checkpoint on the nation’s journey to become a net coal exporter. The government is offering incentives on private-sector coal production to further bolster the output.
The recent commercial coal mining auctions in India, saw participation of private sector companies like Hindalco, Vedanta, Essel Mining and Adani Coal project undertaken by these companies are well aligned with the rising consciousness for building sustainable coal mining frameworks.
Meanwhile India is also administering equally ardent renewable energy initiatives and projects. The transition has to be a well-calculated and a steady one, as India’s fossil-fuel and allied sectors currently employ at least 2.15 crore people, directly or otherwise. Hence forth the undertaking towards the power security of India bears the economic and social distress of these people and has to be comprehensive
According to Reuters, Coal India Limited and other smaller state-owned companies have largely kept a tight rein on India’s domestic coal production. To turn around the situation, government has opened up India’s rich coal mines to the private sector for bringing in competition and adoption of best international practices and technology
There are numerous examples of sustainable and responsible mining, such as the coal project by Adani Group in Chhattisgarh, which deploy green mining techniques like surface mining, geo blanketing and progressive land reclamation. The group administered several initiatives towards environment protection and green belt development at the project site. Hindustan Zinc, Sesa Sterlite, Tata Steel Limited are some other companies to join the sustainable mining league by applying biotechnology solutions for restoring mine lands.
The nation’s move to invite private sector into its mining industry will not only bolster employment opportunities and state’s revenue generation, but also accelerate its quest on becoming a major and responsible exporter of coal.
India in fiscal 2021 which ended in March, exported 8 Lakh tonnes of coal to its neighboring countries. The maximum of 77.20 per cent of coal was sold to Nepal with 0.616 million tonnes (MT), followed by 13.04 per cent sold to Bangladesh with 0.104 MT, as per the Coal Ministry’s Provisional Coal Statistics 2020-21.
Although 70 per cent of India’s power production is dependent on coal, the future of this fossil fuel looks dark as per the contemporary drift towards cleaner power sources. As of now, India has new coal plants in the pipeline and ranks second for planned coal capacity, with China being the first. However, the growth rate for coal plants is slackening, owing to the fall in renewable’s cost. International Energy Agency’s recent analysis states, “Once the coal-fired power plants currently under construction [in India] are completed over the next few years, there is no net growth at all in India’s coal fleet.”
Considering that the new coal plants in India are costlier than the renewables and the latter costs between one quarter and one half of the current coal capacity, the transition to cleaner fuel seems inevitable.
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Aluminum Flat-Rolled Products Market Covid-19 Impact Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2027
Market Highlights
The Aluminum Flat-Rolled Products Market is projected to be valued at USD 80,589.5 Million by the end of 2024 and expected to exhibit a CAGR of 7.26%.
The prominent factor driving the growth of the global market is the growing demand for aluminum foils and aluminum cans in the packaging industry. More than 7 billion aluminum foil containers are produced annually, and this number is expected to grow rapidly in the coming years. Aluminum foil can be merged with flexible films to create lightweight packages and is used in the packaging of tuna, pet food, coffee, and soups. Aluminum packaging is lightweight, flexible, and easily recyclable as well as hygienic and keeps the food fresh for a long time. Moreover, medicinal packaging is another important application segment for aluminum foils, wherein it is used for packaging all types of medications such as capsules, creams, pills, lotions, liquid and powder medications. Aluminum foil offers complete protection against light, moisture, oxygen, and other gases as well as against microorganisms and bacteria. The increasing demand for aluminum foils in medical packaging coupled with the healthy growth of the medical industry is likely to favor the market growth.
The automotive and aerospace industries are the other major consumers of aluminum flat-rolled products. Aluminum flat-rolled products are used in the automotive industry as a substitute for steel, plastics, and other materials as they are cost-effective, lightweight, and durable; they help to reduce the overall weight of vehicles and increase fuel efficiency. Increasing adoption of aluminum in automobile manufacturing by the leading automobile manufacturers is likely to drive the demand for rolled products in the near future. Furthermore, the expanding construction sector in the emerging economies of Asia-Pacific and the Middle East & Africa is expected to boost demand for the rolled aluminum products in the construction of commercial building components, e.g., windows and doors, skylights, photovoltaic panel framing, sunrooms, demountable interior walls, light-deflecting shelves, and rain screens, among others.
However, the environmental hazards associated with the mining of bauxite, which is the raw material for aluminum production, is expected to hamper the growth of the global market to an extent during the forecast period. In addition, the fluctuations in the prices of aluminum metal is likely to pose a challenge for the manufacturers to maintain their profit margins.
Segment Analysis
The Global Aluminum Flat-Rolled Products Market has been segmented on the basis of product type, end-use industry, and region.
Based on product type, the market has been divided into foil stock, standard GEQ, sheets, can stock, plates, circles, fin stock, and others. The foil stock segment held the largest share of over 26% and valued at USD 13,790.6 million in 2018. The foil stock aluminum is used to produce aluminum foil (which is between 0.006 mm and 0.2 mm in thickness). The foil is largely used in wrapping food products, pharmaceuticals, and other products. The growth of the food & beverage industry and increased consumption of packaged food products is expected to boost demand for aluminum foil and hence favor the growth of the segment in the years to follow.
By end-use industry, the global aluminum flat-rolled products market has been segmented into packaging, automotive & transportation, industrial, building & construction, consumer goods, electrical & electronics, and others. The packaging segment accounted for the largest market share of over 30% in 2018 and is projected to be valued at over USD 25,546.5 million by the end of 2024. The packaging industry is the major consumer of the flat-rolled products, wherein these products are used to manufacture beverage cans and bottles, food cans, beverage screw caps, and packaging foils. Beverage cans are one of the major applications of aluminum-rolled products.
Browse Full Report Details @
https://www.marketresearchfuture.com/reports/aluminum-flat-rolled-products-market-8211
Market Players
MRFR recognizes the following companies as the key players in the global aluminum flat-rolled products market—Alcoa Corporation (US), Norsk Hydro ASA (Norway), Hindalco Industries Limited (India), Aluminum Corporation of China (Chalco) (China), Constellium (The Netherlands), Arconic (US), UACJ Corporation (Japan), Elvalhalcor Hellenic Copper and Aluminum Industry S.A. (Greece), JW Aluminum (US), and NALCO (India), among others.
Regional Analysis
The global aluminum flat-rolled products market is studied with respect to five key regions, namely Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America. The Asia-Pacific market was the dominant regional market in 2018 with a market share of around 50% in 2018 and is expected to register a CAGR of around 8% during the forecast period. This is mainly attributed to the robust growth of the packaging, automotive, and building and construction industries in China, India, and Indonesia, which is fueling the demand for aluminum flat-rolled products.
The North American market held the second-largest share of the global market and is projected to be valued at over USD 17,000 million by the end of 2024. The regional market in the Middle East & Africa is likely to witness robust growth during the forecast period on account of the growing popularity of aluminum over steel in the construction industry and the expanding automobile manufacturing sector in the GCC.
Key Findings of the Study:
Global Aluminum Flat-Rolled Products Marketis projected to be valued at over USD 80 billion by the end of 2024 with a CAGR of over 7% during the forecast period of 2019–2024
Asia-Pacific dominated the global market with a share of over 49% owing to the increasing demand for aluminum flat-rolled products in the major economies of China, India, Thailand, and Indonesia
The foil stocksegment held 26% of the global market share in 2018 and is expected to be valued at over USD 21.5 billion by the end of 2024
Packaging is estimated to be the dominant end-use industry segment in the global aluminum flat-rolled products market during the forecast period
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Aluminum Market Analysis, Growth, COVID-19 Overview, Demand and Industry Forecast 2023
Aluminum Market Synopsis:
Market Research Future (MRFR) has published a detailed report stating that the Global Aluminum Market is marked to expand at a substantial CAGR of 6.71% during the forecast period of 2018-2023. The features of aluminum such as corrosion and oxidation resistance have increased the application of aluminum in various end-use industries such as building and construction, automotive, electrical and others. Rapid expansion of these industries is leading to an increased demand for aluminum, which in turn is propelling the growth of the global aluminum market. However, adverse environmental effects caused by excessive mining activities are restraining the growth of the global aluminum market during the assessment period.
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Aluminum Market Competitive Analysis:
The key players profiled by MRFR that are operating in the global aluminum market are Aluminum Bahrain (Bahrain), Century Aluminum Company (the U.S.), Norsk Hydro ASA (Norway), Emirates Global Aluminum PJSC (UAE), Rio Tinto Australia (Australia), Rio Tinto Alcan Inc. (Canada), Hindalco Industries Limited (India), BHP Billiton Aluminum Australia Pty Ltd. (Australia), Aluminum Corporation of China (China), China Hongqiao Group (China), Alcoa Corporation (the U.S.), RUSAL (Russia), Vedanta Ltd. (India), and others. The players in the global aluminum market are focusing on business expansion by implementing various innovative strategies such as increased research and development activities, collaborations, mergers and acquisitions and others to sustain the competition in the global aluminum market. For instance, in December 2018, Kobelco Aluminum Products & Extrusions Inc. has announced its plan of expanding the plant on Kobe Way. This expansion plan is worth USD 42 Mn.
Aluminum Market Segmentation:
The aluminum market report has been segmented on the basis of type, product and application. Based on type, the aluminum market has been segmented into primary and secondary. The primary segment commanded for the maximum share of 61.79% with the market valuation of USD 93,458 Mn during 2017 and is anticipated to reach the valuation of USD 135,867.3 Mn in the global aluminum market during the assessment period.
Based on products, the global aluminum industry trends has been segmented into flat rolled, castings, extrusions, forgings, pigments & powder, rod & bar, utensils, and others. The flat rolled segment has been sub-segmented into foil stock, can body stock, lithosheet, building sheet, common alloy, and others. The rod & bar segment has been sub-segmented into aluminum conductors, wires & cables, and others. Among these, the extrusions segment commanded for the major share of the global aluminum market with the valuation of USD 40,856 Mn in the year 2017 and reach the valuation of USD 60,605.3 Mn at a CAGR of 7.20% by the end of the forecast period during the forecast period
Based on application, the global aluminum market size has been segmented into machinery & equipment, building & construction, foil & packaging, hardware & accessories, transportation, electrical, consumer goods, solar, utensils, and others. The transportation segment commanded for the maximum share of the global aluminum market and is anticipated to reach the valuation of USD 72,354 Mn by the end of the forecast period.
Aluminum Market Regional Analysis:
Geographically, the global COVId-19 analysis on aluminum market has been segmented into five major regions such as North America, Latin America, Asia Pacific (APAC), Europe, and the Middle East and Africa. Among these, the aluminum market in the APAC region accounts for the major share of the global aluminum market and reach the market valuation of USD 148,966.2 Mn by the end of 2023. This region is also anticipated to project fastest growth at a CAGR of 7.05% during the forecast period. The aluminum market in the Europe region is forecasted to expand at a CAGR of 5.99% during the forecast period. Increased utilization of aluminum to reduce the weight of automobiles that are being manufactured in the rapidly expanding automotive sector is majorly contributing to the growth of the aluminum market in the Europe region. The aluminum market in the North America region is marked to expand at a CAGR of 5.88% during the assessment period. The market growth is attributed to the growing secondary usage of aluminum in various end-use industries in this region.
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Aluminum is an electronegative metal that possesses strong affinity for oxygen. It is largely produced from bauxite. It exhibits superior physical properties for instance ductility, malleability, durability, and machinability. It possesses high degree of conductivity, extremely light having 2.7 g/ccm density, impervious to dust, and exhibits significant strength when alloyed. It is generally used in pharmaceutical and food & packaging industries, as it is nontoxic in nature, inhibits growth of microorganisms and preserves food for prolonged times. It is good electrical conductor thus used frequently in electrical transmission lines. Additionally, it is used as a key propellant for solid rocket booster motor in space shuttle owing to its high volumetric energy density.
The key characteristics are included high strength, lightweight, flexibility, corrosion resistance, good thermal & electrical conductivity and barrier properties.
According to study, “Global Aluminium Metals Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global aluminum metals market are Alcoa Corporation, China Hongqiao Group Ltd., Aluminium Corporation of China Limited (CHALCO), China Power Investment Corp. (CPI), Emirates Global Aluminum PJSC, East Hope Group Company Limited, Norsk Hydro ASA, United Company RUSAL Plc., Rio Tinto Alcan Inc., Xinfa Group Co., Ltd., Ball Corporation, Aluminium Bahrain B.S.C, BHP Billiton Limited, Crown Holdings Incorporated, Century Aluminium Company, Constellium N.V., Hindalco Industries Ltd., Glencore International AG, Jindal Iron & Steel Company Limited , Kaiser Aluminum Corporation, JW Aluminum Company, National Aluminum Company Limited, Rexam plc., Orkla ASA, Shandong Nanshan Aluminum Co., Ltd., State Power Investment Corporation, South32 Limited, Talco Aluminum Company, Vedanta Resources Plc., Vale SA.
Based on type, aluminum metals market is segmented into industrial pure aluminum, high pure aluminum and industrial high purity aluminum. Based on product type, market is segmented into extrusions, flat rolled, forgings, castings, pigments & powder, and rod & bar. Flat rolled segment includes foil stock, common alloy, Can body stock, building sheet, lithosheet and others. Rod & bar segment includes wires & cables, aluminum conductors and others. Based on series type, market is segmented into series 1, series 2, series 3, series 4, series 5, series 6, series 7 and series 8. In addition, based on end-use industry, market is segmented into transport, electrical engineering, building & construction, consumer goods, machinery & equipment, foil & packaging, and others (aluminum air batteries and solar panel nanotechnology). The transport segment holds major share in market because of the growth of the automotive, marine, aerospace, transportation, and rail industries.
The aluminum metals market is driven by growth in transport industry, followed by increase in applications across various end user industries, rise in income of people living in urban areas, increase in research & development (R&D) activities to develop more effective or innovative & cheaper aluminum products and growth in technological advancements. However, increase in competition from substitutes and fluctuating prices of raw materials may impact the market. Moreover, rise in demand from emerging economies is a key opportunity for market.
Based on geography, the Asian-Pacific region dominates the aluminum metals market owing to significant investments in construction & infrastructural development, growth in automotive industry and rapid industrialization in the region. Whereas, the European and North-American regions are estimated to witness higher growth rate due to rise in economic growth and growth in demand for lightweight material from the automotive industry over the forecast period.
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Global Aluminium Metals Market Research Report
Related Reports:-
Aluminium Metals Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)
Global Aluminium Metals Market Analysis 2013-2018 and Forecast 2019-2024
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Aluminum Flat-Rolled Products Market Price 2020 Industry Analysis with Region, Size and Manufacturers
Aluminum Flat-Rolled Products Market: Information by Product Type (Plates, Sheets, Standard GEQ, Circles, Foil Stock, Can Stock, Fin Stock), End-Use Industry (Building & Construction, Automotive & Transportation, Consumer Goods, Electrical & Electronics, Industrial, Packaging) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) – Forecast till 2024
Aluminum Flat-Rolled Products Market Highlights
Aluminum Flat-Rolled Products Market Size is projected to be valued at USD 80,589.5 Million by the end of 2024 and expected to exhibit a CAGR of 7.26%.
Aluminum Flat-Rolled Products Market Players
MRFR recognizes the following companies as the key players in the global aluminum flat-rolled products market—Alcoa Corporation (US), Norsk Hydro ASA (Norway), Hindalco Industries Limited (India), Aluminum Corporation of China (Chalco) (China), Constellium (The Netherlands), Arconic (US), UACJ Corporation (Japan), Elvalhalcor Hellenic Copper and Aluminum Industry S.A. (Greece), JW Aluminum (US), and NALCO (India)
Market Highlights
The prominent factor driving the growth of the global market is the growing demand for aluminum foils and aluminum cans in the packaging industry. More than 7 billion aluminum foil containers are produced annually, and this number is expected to grow rapidly in the coming years. Aluminum foil can be merged with flexible films to create lightweight packages and is used in the packaging of tuna, pet food, coffee, and soups
Aluminum packaging is lightweight, flexible, and easily recyclable as well as hygienic and keeps the food fresh for a long time. Moreover, medicinal packaging is another important application segment for aluminum foils, wherein it is used for packaging all types of medications such as capsules, creams, pills, lotions, liquid and powder medications. Aluminum foil offers complete protection against light, moisture, oxygen, and other gases as well as against microorganisms and bacteria. The increasing demand for aluminum foils in medical packaging coupled with the healthy growth of the medical industry is likely to favor the market growth.
The automotive and aerospace industries are the other major consumers of aluminum flat-rolled products. Aluminum flat-rolled products are used in the automotive industry as a substitute for steel, plastics, and other materials as they are cost-effective, lightweight, and durable; they help to reduce the overall weight of vehicles and increase fuel efficiency. Increasing adoption of aluminum in automobile manufacturing by the leading automobile manufacturers is likely to drive the demand for rolled products in the near future.
Furthermore, the expanding construction sector in the emerging economies of Asia-Pacific and the Middle East & Africa is expected to boost demand for the rolled aluminum products in the construction of commercial building components, e.g., windows and doors, skylights, photovoltaic panel framing, sunrooms, demountable interior walls, light-deflecting shelves, and rain screens, among others.
However, the environmental hazards associated with the mining of bauxite, which is the raw material for aluminum production, is expected to hamper the growth of the global market to an extent during the forecast period. In addition, the fluctuations in the prices of aluminum metal is likely to pose a challenge for the manufacturers to maintain their profit margins.
Aluminum Flat-Rolled Products Segments
The Global Aluminum Flat-Rolled Products Market has been segmented on the basis of product type, end-use industry, and region.
Based on product type, the market has been divided into foil stock, standard GEQ, sheets, can stock, plates, circles, fin stock, and others. The foil stock segment held the largest share of over 26% and valued at USD 13,790.6 million in 2018. The foil stock aluminum is used to produce aluminum foil (which is between 0.006 mm and 0.2 mm in thickness). The foil is largely used in wrapping food products, pharmaceuticals, and other products. The growth of the food & beverage industry and increased consumption of packaged food products is expected to boost demand for aluminum foil and hence favor the growth of the segment in the years to follow.
By end-use industry, the global aluminum flat-rolled products market has been segmented into packaging, automotive & transportation, industrial, building & construction, consumer goods, electrical & electronics, and others. The packaging segment accounted for the largest market share of over 30% in 2018 and is projected to be valued at over USD 25,546.5 million by the end of 2024. The packaging industry is the major consumer of the flat-rolled products, wherein these products are used to manufacture beverage cans and bottles, food cans, beverage screw caps, and packaging foils. Beverage cans are one of the major applications of aluminum-rolled products.
Key Findings of the Study:
Global Aluminum Flat-Rolled Products Market is projected to be valued at over USD 80 billion by the end of 2024 with a CAGR of over 7% during the forecast period of 2019–2024
Asia-Pacific dominated the global market with a share of over 49% owing to the increasing demand for aluminum flat-rolled products in the major economies of China, India, Thailand, and Indonesia
The foil stock segment held 26% of the global market share in 2018 and is expected to be valued at over USD 21.5 billion by the end of 2024
Packaging is estimated to be the dominant end-use industry segment in the global aluminum flat-rolled products market during the forecast period
Aluminum Flat-Rolled Products Regions
The global aluminum flat-rolled products market is studied with respect to five key regions, namely Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America. The Asia-Pacific market was the dominant regional market in 2018 with a market share of around 50% in 2018 and is expected to register a CAGR of around 8% during the forecast period. This is mainly attributed to the robust growth of the packaging, automotive, and building and construction industries in China, India, and Indonesia, which is fueling the demand for aluminum flat-rolled products.
The North American market held the second-largest share of the global market and is projected to be valued at over USD 17,000 million by the end of 2024. The regional market in the Middle East & Africa is likely to witness robust growth during the forecast period on account of the growing popularity of aluminum over steel in the construction industry and the expanding automobile manufacturing sector in the GCC.
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Aluminum Flat-Rolled Products Market by Product Type, Market, Players and Regions-Forecast to 2027
Market Highlights
The Aluminum Flat-Rolled Products Market is projected to be valued at USD 80,589.5 Million by the end of 2024 and expected to exhibit a CAGR of 7.26%.
The prominent factor driving the growth of the global market is the growing demand for aluminum foils and aluminum cans in the packaging industry. More than 7 billion aluminum foil containers are produced annually, and this number is expected to grow rapidly in the coming years. Aluminum foil can be merged with flexible films to create lightweight packages and is used in the packaging of tuna, pet food, coffee, and soups. Aluminum packaging is lightweight, flexible, and easily recyclable as well as hygienic and keeps the food fresh for a long time. Moreover, medicinal packaging is another important application segment for aluminum foils, wherein it is used for packaging all types of medications such as capsules, creams, pills, lotions, liquid and powder medications. Aluminum foil offers complete protection against light, moisture, oxygen, and other gases as well as against microorganisms and bacteria. The increasing demand for aluminum foils in medical packaging coupled with the healthy growth of the medical industry is likely to favor the market growth.
The automotive and aerospace industries are the other major consumers of aluminum flat-rolled products. Aluminum flat-rolled products are used in the automotive industry as a substitute for steel, plastics, and other materials as they are cost-effective, lightweight, and durable; they help to reduce the overall weight of vehicles and increase fuel efficiency. Increasing adoption of aluminum in automobile manufacturing by the leading automobile manufacturers is likely to drive the demand for rolled products in the near future. Furthermore, the expanding construction sector in the emerging economies of Asia-Pacific and the Middle East & Africa is expected to boost demand for the rolled aluminum products in the construction of commercial building components, e.g., windows and doors, skylights, photovoltaic panel framing, sunrooms, demountable interior walls, light-deflecting shelves, and rain screens, among others.
However, the environmental hazards associated with the mining of bauxite, which is the raw material for aluminum production, is expected to hamper the growth of the global market to an extent during the forecast period. In addition, the fluctuations in the prices of aluminum metal is likely to pose a challenge for the manufacturers to maintain their profit margins.
Segment Analysis
The Global Aluminum Flat-Rolled Products Market has been segmented on the basis of product type, end-use industry, and region.
Based on product type, the market has been divided into foil stock, standard GEQ, sheets, can stock, plates, circles, fin stock, and others. The foil stock segment held the largest share of over 26% and valued at USD 13,790.6 million in 2018. The foil stock aluminum is used to produce aluminum foil (which is between 0.006 mm and 0.2 mm in thickness). The foil is largely used in wrapping food products, pharmaceuticals, and other products. The growth of the food & beverage industry and increased consumption of packaged food products is expected to boost demand for aluminum foil and hence favor the growth of the segment in the years to follow.
By end-use industry, the global aluminum flat-rolled products market has been segmented into packaging, automotive & transportation, industrial, building & construction, consumer goods, electrical & electronics, and others. The packaging segment accounted for the largest market share of over 30% in 2018 and is projected to be valued at over USD 25,546.5 million by the end of 2024. The packaging industry is the major consumer of the flat-rolled products, wherein these products are used to manufacture beverage cans and bottles, food cans, beverage screw caps, and packaging foils. Beverage cans are one of the major applications of aluminum-rolled products.
Browse Full Report Details @
https://www.marketresearchfuture.com/reports/aluminum-flat-rolled-products-market-8211
Market Players
MRFR recognizes the following companies as the key players in the global aluminum flat-rolled products market—Alcoa Corporation (US), Norsk Hydro ASA (Norway), Hindalco Industries Limited (India), Aluminum Corporation of China (Chalco) (China), Constellium (The Netherlands), Arconic (US), UACJ Corporation (Japan), Elvalhalcor Hellenic Copper and Aluminum Industry S.A. (Greece), JW Aluminum (US), and NALCO (India), among others.
Regional Analysis
The global aluminum flat-rolled products market is studied with respect to five key regions, namely Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America. The Asia-Pacific market was the dominant regional market in 2018 with a market share of around 50% in 2018 and is expected to register a CAGR of around 8% during the forecast period. This is mainly attributed to the robust growth of the packaging, automotive, and building and construction industries in China, India, and Indonesia, which is fueling the demand for aluminum flat-rolled products.
The North American market held the second-largest share of the global market and is projected to be valued at over USD 17,000 million by the end of 2024. The regional market in the Middle East & Africa is likely to witness robust growth during the forecast period on account of the growing popularity of aluminum over steel in the construction industry and the expanding automobile manufacturing sector in the GCC.
Key Findings of the Study:
Global Aluminum Flat-Rolled Products Marketis projected to be valued at over USD 80 billion by the end of 2024 with a CAGR of over 7% during the forecast period of 2019–2024
Asia-Pacific dominated the global market with a share of over 49% owing to the increasing demand for aluminum flat-rolled products in the major economies of China, India, Thailand, and Indonesia
The foil stocksegment held 26% of the global market share in 2018 and is expected to be valued at over USD 21.5 billion by the end of 2024
Packaging is estimated to be the dominant end-use industry segment in the global aluminum flat-rolled products market during the forecast period
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https://www.marketresearchfuture.com/sample_request/8211
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
Phone: +16468459312
Email: [email protected]
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Aluminum Market Analysis, Growth, COVID-19 Overview, Demand and Industry Forecast 2023
Aluminum Market Synopsis:
Market Research Future (MRFR) has published a detailed report stating that the Global Aluminum Market is marked to expand at a substantial CAGR of 6.71% during the forecast period of 2018-2023. The features of aluminum such as corrosion and oxidation resistance have increased the application of aluminum in various end-use industries such as building and construction, automotive, electrical and others. Rapid expansion of these industries is leading to an increased demand for aluminum, which in turn is propelling the growth of the global aluminum market. However, adverse environmental effects caused by excessive mining activities are restraining the growth of the global aluminum market during the assessment period.
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Aluminum Market Competitive Analysis:
The key players profiled by MRFR that are operating in the global aluminum market are Aluminum Bahrain (Bahrain), Century Aluminum Company (the U.S.), Norsk Hydro ASA (Norway), Emirates Global Aluminum PJSC (UAE), Rio Tinto Australia (Australia), Rio Tinto Alcan Inc. (Canada), Hindalco Industries Limited (India), BHP Billiton Aluminum Australia Pty Ltd. (Australia), Aluminum Corporation of China (China), China Hongqiao Group (China), Alcoa Corporation (the U.S.), RUSAL (Russia), Vedanta Ltd. (India), and others. The players in the global aluminum market are focusing on business expansion by implementing various innovative strategies such as increased research and development activities, collaborations, mergers and acquisitions and others to sustain the competition in the global aluminum market. For instance, in December 2018, Kobelco Aluminum Products & Extrusions Inc. has announced its plan of expanding the plant on Kobe Way. This expansion plan is worth USD 42 Mn.
Aluminum Market Segmentation:
The aluminum market report has been segmented on the basis of type, product and application. Based on type, the aluminum market has been segmented into primary and secondary. The primary segment commanded for the maximum share of 61.79% with the market valuation of USD 93,458 Mn during 2017 and is anticipated to reach the valuation of USD 135,867.3 Mn in the global aluminum market during the assessment period.
Based on products, the global aluminum industry trends has been segmented into flat rolled, castings, extrusions, forgings, pigments & powder, rod & bar, utensils, and others. The flat rolled segment has been sub-segmented into foil stock, can body stock, lithosheet, building sheet, common alloy, and others. The rod & bar segment has been sub-segmented into aluminum conductors, wires & cables, and others. Among these, the extrusions segment commanded for the major share of the global aluminum market with the valuation of USD 40,856 Mn in the year 2017 and reach the valuation of USD 60,605.3 Mn at a CAGR of 7.20% by the end of the forecast period during the forecast period
Based on application, the global aluminum market size has been segmented into machinery & equipment, building & construction, foil & packaging, hardware & accessories, transportation, electrical, consumer goods, solar, utensils, and others. The transportation segment commanded for the maximum share of the global aluminum market and is anticipated to reach the valuation of USD 72,354 Mn by the end of the forecast period.
Aluminum Market Regional Analysis:
Geographically, the global COVId-19 analysis on aluminum market has been segmented into five major regions such as North America, Latin America, Asia Pacific (APAC), Europe, and the Middle East and Africa. Among these, the aluminum market in the APAC region accounts for the major share of the global aluminum market and reach the market valuation of USD 148,966.2 Mn by the end of 2023. This region is also anticipated to project fastest growth at a CAGR of 7.05% during the forecast period. The aluminum market in the Europe region is forecasted to expand at a CAGR of 5.99% during the forecast period. Increased utilization of aluminum to reduce the weight of automobiles that are being manufactured in the rapidly expanding automotive sector is majorly contributing to the growth of the aluminum market in the Europe region. The aluminum market in the North America region is marked to expand at a CAGR of 5.88% during the assessment period. The market growth is attributed to the growing secondary usage of aluminum in various end-use industries in this region.
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
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Global Aluminum Industry: Share, COVID-19 Overview, Application, Growth and Forecast 2025
Aluminum Market Synopsis:
Market Research Future (MRFR) has published a detailed report stating that the Global Aluminum Market is marked to expand at a substantial CAGR of 6.71% during the forecast period of 2018-2023. The features of aluminum such as corrosion and oxidation resistance have increased the application of aluminum in various end-use industries such as building and construction, automotive, electrical and others. Rapid expansion of these industries is leading to an increased demand for aluminum, which in turn is propelling the growth of the global aluminum market. However, adverse environmental effects caused by excessive mining activities are restraining the growth of the global aluminum market during the assessment period.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/aluminum-market-2031
Aluminum Market Competitive Analysis:
The key players profiled by MRFR that are operating in the global aluminum market are Aluminum Bahrain (Bahrain), Century Aluminum Company (the U.S.), Norsk Hydro ASA (Norway), Emirates Global Aluminum PJSC (UAE), Rio Tinto Australia (Australia), Rio Tinto Alcan Inc. (Canada), Hindalco Industries Limited (India), BHP Billiton Aluminum Australia Pty Ltd. (Australia), Aluminum Corporation of China (China), China Hongqiao Group (China), Alcoa Corporation (the U.S.), RUSAL (Russia), Vedanta Ltd. (India), and others. The players in the global aluminum market are focusing on business expansion by implementing various innovative strategies such as increased research and development activities, collaborations, mergers and acquisitions and others to sustain the competition in the global aluminum market. For instance, in December 2018, Kobelco Aluminum Products & Extrusions Inc. has announced its plan of expanding the plant on Kobe Way. This expansion plan is worth USD 42 Mn.
Aluminum Market Segmentation:
The aluminum market report has been segmented on the basis of type, product and application. Based on type, the aluminum market has been segmented into primary and secondary. The primary segment commanded for the maximum share of 61.79% with the market valuation of USD 93,458 Mn during 2017 and is anticipated to reach the valuation of USD 135,867.3 Mn in the global aluminum market during the assessment period.
Based on products, the global aluminum industry trends has been segmented into flat rolled, castings, extrusions, forgings, pigments & powder, rod & bar, utensils, and others. The flat rolled segment has been sub-segmented into foil stock, can body stock, lithosheet, building sheet, common alloy, and others. The rod & bar segment has been sub-segmented into aluminum conductors, wires & cables, and others. Among these, the extrusions segment commanded for the major share of the global aluminum market with the valuation of USD 40,856 Mn in the year 2017 and reach the valuation of USD 60,605.3 Mn at a CAGR of 7.20% by the end of the forecast period during the forecast period
Based on application, the global aluminum market size has been segmented into machinery & equipment, building & construction, foil & packaging, hardware & accessories, transportation, electrical, consumer goods, solar, utensils, and others. The transportation segment commanded for the maximum share of the global aluminum market and is anticipated to reach the valuation of USD 72,354 Mn by the end of the forecast period.
Aluminum Market Regional Analysis:
Geographically, the global COVId-19 analysis on aluminum market has been segmented into five major regions such as North America, Latin America, Asia Pacific (APAC), Europe, and the Middle East and Africa. Among these, the aluminum market in the APAC region accounts for the major share of the global aluminum market and reach the market valuation of USD 148,966.2 Mn by the end of 2023. This region is also anticipated to project fastest growth at a CAGR of 7.05% during the forecast period. The aluminum market in the Europe region is forecasted to expand at a CAGR of 5.99% during the forecast period. Increased utilization of aluminum to reduce the weight of automobiles that are being manufactured in the rapidly expanding automotive sector is majorly contributing to the growth of the aluminum market in the Europe region. The aluminum market in the North America region is marked to expand at a CAGR of 5.88% during the assessment period. The market growth is attributed to the growing secondary usage of aluminum in various end-use industries in this region.
Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
0 notes
Text
Global Aluminum Industry: COVID-19 Overview, Application, Growth and Forecast 2025
Aluminum Market Synopsis:
Market Research Future (MRFR) has published a detailed report stating that the Global Aluminum Market is marked to expand at a substantial CAGR of 6.71% during the forecast period of 2018-2023. The features of aluminum such as corrosion and oxidation resistance have increased the application of aluminum in various end-use industries such as building and construction, automotive, electrical and others. Rapid expansion of these industries is leading to an increased demand for aluminum, which in turn is propelling the growth of the global aluminum market. However, adverse environmental effects caused by excessive mining activities are restraining the growth of the global aluminum market during the assessment period.
Aluminum Market Segmentation:
The aluminum market report has been segmented on the basis of type, product and application. Based on type, the aluminum market has been segmented into primary and secondary. The primary segment commanded for the maximum share of 61.79% with the market valuation of USD 93,458 Mn during 2017 and is anticipated to reach the valuation of USD 135,867.3 Mn in the global aluminum market during the assessment period.
Based on products, the global aluminum industry trends has been segmented into flat rolled, castings, extrusions, forgings, pigments & powder, rod & bar, utensils, and others. The flat rolled segment has been sub-segmented into foil stock, can body stock, lithosheet, building sheet, common alloy, and others. The rod & bar segment has been sub-segmented into aluminum conductors, wires & cables, and others. Among these, the extrusions segment commanded for the major share of the global aluminum market with the valuation of USD 40,856 Mn in the year 2017 and reach the valuation of USD 60,605.3 Mn at a CAGR of 7.20% by the end of the forecast period during the forecast period
Based on application, the global aluminum market size has been segmented into machinery & equipment, building & construction, foil & packaging, hardware & accessories, transportation, electrical, consumer goods, solar, utensils, and others. The transportation segment commanded for the maximum share of the global aluminum market and is anticipated to reach the valuation of USD 72,354 Mn by the end of the forecast period.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/aluminum-market-2031
Aluminum Market Regional Analysis:
Geographically, the global COVId-19 analysis on aluminum market has been segmented into five major regions such as North America, Latin America, Asia Pacific (APAC), Europe, and the Middle East and Africa. Among these, the aluminum market in the APAC region accounts for the major share of the global aluminum market and reach the market valuation of USD 148,966.2 Mn by the end of 2023. This region is also anticipated to project fastest growth at a CAGR of 7.05% during the forecast period. The aluminum market in the Europe region is forecasted to expand at a CAGR of 5.99% during the forecast period. Increased utilization of aluminum to reduce the weight of automobiles that are being manufactured in the rapidly expanding automotive sector is majorly contributing to the growth of the aluminum market in the Europe region. The aluminum market in the North America region is marked to expand at a CAGR of 5.88% during the assessment period. The market growth is attributed to the growing secondary usage of aluminum in various end-use industries in this region.
Aluminum Market Competitive Analysis:
The key players profiled by MRFR that are operating in the global aluminum market are Aluminum Bahrain (Bahrain), Century Aluminum Company (the U.S.), Norsk Hydro ASA (Norway), Emirates Global Aluminum PJSC (UAE), Rio Tinto Australia (Australia), Rio Tinto Alcan Inc. (Canada), Hindalco Industries Limited (India), BHP Billiton Aluminum Australia Pty Ltd. (Australia), Aluminum Corporation of China (China), China Hongqiao Group (China), Alcoa Corporation (the U.S.), RUSAL (Russia), Vedanta Ltd. (India), and others. The players in the global aluminum market are focusing on business expansion by implementing various innovative strategies such as increased research and development activities, collaborations, mergers and acquisitions and others to sustain the competition in the global aluminum market. For instance, in December 2018, Kobelco Aluminum Products & Extrusions Inc. has announced its plan of expanding the plant on Kobe Way. This expansion plan is worth USD 42 Mn.
Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of market and industries. Cordially get in touch for more details.
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Aluminum Market Growth, COVID-19 Overview, Demand and Industry Overview 2025
Aluminum Market Synopsis:
Market Research Future (MRFR) has published a detailed report stating that the Global Aluminum Market is marked to expand at a substantial CAGR of 6.71% during the forecast period of 2018-2023. The features of aluminum such as corrosion and oxidation resistance have increased the application of aluminum in various end-use industries such as building and construction, automotive, electrical and others. Rapid expansion of these industries is leading to an increased demand for aluminum, which in turn is propelling the growth of the global aluminum market. However, adverse environmental effects caused by excessive mining activities are restraining the growth of the global aluminum market during the assessment period.
Aluminum Market Segmentation:
The aluminum market report has been segmented on the basis of type, product and application. Based on type, the aluminum market has been segmented into primary and secondary. The primary segment commanded for the maximum share of 61.79% with the market valuation of USD 93,458 Mn during 2017 and is anticipated to reach the valuation of USD 135,867.3 Mn in the global aluminum market during the assessment period.
Based on products, the global aluminum industry trends has been segmented into flat rolled, castings, extrusions, forgings, pigments & powder, rod & bar, utensils, and others. The flat rolled segment has been sub-segmented into foil stock, can body stock, lithosheet, building sheet, common alloy, and others. The rod & bar segment has been sub-segmented into aluminum conductors, wires & cables, and others. Among these, the extrusions segment commanded for the major share of the global aluminum market with the valuation of USD 40,856 Mn in the year 2017 and reach the valuation of USD 60,605.3 Mn at a CAGR of 7.20% by the end of the forecast period during the forecast period
Based on application, the global aluminum market size has been segmented into machinery & equipment, building & construction, foil & packaging, hardware & accessories, transportation, electrical, consumer goods, solar, utensils, and others. The transportation segment commanded for the maximum share of the global aluminum market and is anticipated to reach the valuation of USD 72,354 Mn by the end of the forecast period.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/aluminum-market-2031
Aluminum Market Regional Analysis:
Geographically, the global COVId-19 analysis on aluminum market has been segmented into five major regions such as North America, Latin America, Asia Pacific (APAC), Europe, and the Middle East and Africa. Among these, the aluminum market in the APAC region accounts for the major share of the global aluminum market and reach the market valuation of USD 148,966.2 Mn by the end of 2023. This region is also anticipated to project fastest growth at a CAGR of 7.05% during the forecast period. The aluminum market in the Europe region is forecasted to expand at a CAGR of 5.99% during the forecast period. Increased utilization of aluminum to reduce the weight of automobiles that are being manufactured in the rapidly expanding automotive sector is majorly contributing to the growth of the aluminum market in the Europe region. The aluminum market in the North America region is marked to expand at a CAGR of 5.88% during the assessment period. The market growth is attributed to the growing secondary usage of aluminum in various end-use industries in this region.
Aluminum Market Competitive Analysis:
The key players profiled by MRFR that are operating in the global aluminum market are Aluminum Bahrain (Bahrain), Century Aluminum Company (the U.S.), Norsk Hydro ASA (Norway), Emirates Global Aluminum PJSC (UAE), Rio Tinto Australia (Australia), Rio Tinto Alcan Inc. (Canada), Hindalco Industries Limited (India), BHP Billiton Aluminum Australia Pty Ltd. (Australia), Aluminum Corporation of China (China), China Hongqiao Group (China), Alcoa Corporation (the U.S.), RUSAL (Russia), Vedanta Ltd. (India), and others. The players in the global aluminum market are focusing on business expansion by implementing various innovative strategies such as increased research and development activities, collaborations, mergers and acquisitions and others to sustain the competition in the global aluminum market. For instance, in December 2018, Kobelco Aluminum Products & Extrusions Inc. has announced its plan of expanding the plant on Kobe Way. This expansion plan is worth USD 42 Mn.
Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of market and industries. Cordially get in touch for more details.
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Aluminum Market Application, Demand, COVID-19 Analysis, Forecast by 2025
Aluminum Market Synopsis:
Market Research Future (MRFR) has published a detailed report stating that the Global Aluminum Market is marked to expand at a substantial CAGR of 6.71% during the forecast period of 2018-2023. The features of aluminum such as corrosion and oxidation resistance have increased the application of aluminum in various end-use industries such as building and construction, automotive, electrical and others. Rapid expansion of these industries is leading to an increased demand for aluminum, which in turn is propelling the growth of the global aluminum market. However, adverse environmental effects caused by excessive mining activities are restraining the growth of the global aluminum market during the assessment period.
Aluminum Market Segmentation:
The aluminum market report has been segmented on the basis of type, product and application. Based on type, the aluminum market has been segmented into primary and secondary. The primary segment commanded for the maximum share of 61.79% with the market valuation of USD 93,458 Mn during 2017 and is anticipated to reach the valuation of USD 135,867.3 Mn in the global aluminum market during the assessment period.
Based on products, the global aluminum industry trends has been segmented into flat rolled, castings, extrusions, forgings, pigments & powder, rod & bar, utensils, and others. The flat rolled segment has been sub-segmented into foil stock, can body stock, lithosheet, building sheet, common alloy, and others. The rod & bar segment has been sub-segmented into aluminum conductors, wires & cables, and others. Among these, the extrusions segment commanded for the major share of the global aluminum market with the valuation of USD 40,856 Mn in the year 2017 and reach the valuation of USD 60,605.3 Mn at a CAGR of 7.20% by the end of the forecast period during the forecast period
Based on application, the global aluminum market size has been segmented into machinery & equipment, building & construction, foil & packaging, hardware & accessories, transportation, electrical, consumer goods, solar, utensils, and others. The transportation segment commanded for the maximum share of the global aluminum market and is anticipated to reach the valuation of USD 72,354 Mn by the end of the forecast period.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/aluminum-market-2031
Aluminum Market Regional Analysis:
Geographically, the global COVId-19 analysis on aluminum market has been segmented into five major regions such as North America, Latin America, Asia Pacific (APAC), Europe, and the Middle East and Africa. Among these, the aluminum market in the APAC region accounts for the major share of the global aluminum market and reach the market valuation of USD 148,966.2 Mn by the end of 2023. This region is also anticipated to project fastest growth at a CAGR of 7.05% during the forecast period. The aluminum market in the Europe region is forecasted to expand at a CAGR of 5.99% during the forecast period. Increased utilization of aluminum to reduce the weight of automobiles that are being manufactured in the rapidly expanding automotive sector is majorly contributing to the growth of the aluminum market in the Europe region. The aluminum market in the North America region is marked to expand at a CAGR of 5.88% during the assessment period. The market growth is attributed to the growing secondary usage of aluminum in various end-use industries in this region.
Aluminum Market Competitive Analysis:
The key players profiled by MRFR that are operating in the global aluminum market are Aluminum Bahrain (Bahrain), Century Aluminum Company (the U.S.), Norsk Hydro ASA (Norway), Emirates Global Aluminum PJSC (UAE), Rio Tinto Australia (Australia), Rio Tinto Alcan Inc. (Canada), Hindalco Industries Limited (India), BHP Billiton Aluminum Australia Pty Ltd. (Australia), Aluminum Corporation of China (China), China Hongqiao Group (China), Alcoa Corporation (the U.S.), RUSAL (Russia), Vedanta Ltd. (India), and others. The players in the global aluminum market are focusing on business expansion by implementing various innovative strategies such as increased research and development activities, collaborations, mergers and acquisitions and others to sustain the competition in the global aluminum market. For instance, in December 2018, Kobelco Aluminum Products & Extrusions Inc. has announced its plan of expanding the plant on Kobe Way. This expansion plan is worth USD 42 Mn.
Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of market and industries. Cordially get in touch for more details.
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Aluminum Market 2025| Industry Overview, Opportunities, Demand and Growth
Aluminum Market Synopsis:
Market Research Future (MRFR) has published a detailed report stating that the Global Aluminum Market is marked to expand at a substantial CAGR of 6.71% during the forecast period of 2018-2023. The features of aluminum such as corrosion and oxidation resistance have increased the application of aluminum in various end-use industries such as building and construction, automotive, electrical and others. Rapid expansion of these industries is leading to an increased demand for aluminum, which in turn is propelling the growth of the global aluminum market. However, adverse environmental effects caused by excessive mining activities are restraining the growth of the global aluminum market during the assessment period.
Aluminum Market Segmentation:
The aluminum market report has been segmented on the basis of type, product and application. Based on type, the aluminum market has been segmented into primary and secondary. The primary segment commanded for the maximum share of 61.79% with the market valuation of USD 93,458 Mn during 2017 and is anticipated to reach the valuation of USD 135,867.3 Mn in the global aluminum market during the assessment period.
Based on products, the global aluminum industry trends has been segmented into flat rolled, castings, extrusions, forgings, pigments & powder, rod & bar, utensils, and others. The flat rolled segment has been sub-segmented into foil stock, can body stock, lithosheet, building sheet, common alloy, and others. The rod & bar segment has been sub-segmented into aluminum conductors, wires & cables, and others. Among these, the extrusions segment commanded for the major share of the global aluminum market with the valuation of USD 40,856 Mn in the year 2017 and reach the valuation of USD 60,605.3 Mn at a CAGR of 7.20% by the end of the forecast period during the forecast period
Based on application, the global aluminum market size has been segmented into machinery & equipment, building & construction, foil & packaging, hardware & accessories, transportation, electrical, consumer goods, solar, utensils, and others. The transportation segment commanded for the maximum share of the global aluminum market and is anticipated to reach the valuation of USD 72,354 Mn by the end of the forecast period.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/aluminum-market-2031
Aluminum Market Regional Analysis:
Geographically, the global aluminum market has been segmented into five major regions such as North America, Latin America, Asia Pacific (APAC), Europe, and the Middle East and Africa. Among these, the aluminum market in the APAC region accounts for the major share of the global aluminum market and reach the market valuation of USD 148,966.2 Mn by the end of 2023. This region is also anticipated to project fastest growth at a CAGR of 7.05% during the forecast period. The aluminum market in the Europe region is forecasted to expand at a CAGR of 5.99% during the forecast period. Increased utilization of aluminum to reduce the weight of automobiles that are being manufactured in the rapidly expanding automotive sector is majorly contributing to the growth of the aluminum market in the Europe region. The aluminum market in the North America region is marked to expand at a CAGR of 5.88% during the assessment period. The market growth is attributed to the growing secondary usage of aluminum in various end-use industries in this region.
Aluminum Market Competitive Analysis:
The key players profiled by MRFR that are operating in the global aluminum market are Aluminum Bahrain (Bahrain), Century Aluminum Company (the U.S.), Norsk Hydro ASA (Norway), Emirates Global Aluminum PJSC (UAE), Rio Tinto Australia (Australia), Rio Tinto Alcan Inc. (Canada), Hindalco Industries Limited (India), BHP Billiton Aluminum Australia Pty Ltd. (Australia), Aluminum Corporation of China (China), China Hongqiao Group (China), Alcoa Corporation (the U.S.), RUSAL (Russia), Vedanta Ltd. (India), and others. The players in the global aluminum market are focusing on business expansion by implementing various innovative strategies such as increased research and development activities, collaborations, mergers and acquisitions and others to sustain the competition in the global aluminum market. For instance, in December 2018, Kobelco Aluminum Products & Extrusions Inc. has announced its plan of expanding the plant on Kobe Way. This expansion plan is worth USD 42 Mn.
Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of market and industries. Cordially get in touch for more details.
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Aluminum Market 2025| Industry Shares, Opportunities, Demand, Key Findings and Growth
Aluminum Market Synopsis:
Market Research Future (MRFR) has published a detailed report stating that the Global Aluminum Market is marked to expand at a substantial CAGR of 6.71% during the forecast period of 2018-2023. The features of aluminum such as corrosion and oxidation resistance have increased the application of aluminum in various end-use industries such as building and construction, automotive, electrical and others. Rapid expansion of these industries is leading to an increased demand for aluminum, which in turn is propelling the growth of the global aluminum market. However, adverse environmental effects caused by excessive mining activities are restraining the growth of the global aluminum market during the assessment period.
Aluminum Market Segmentation:
The aluminum market report has been segmented on the basis of type, product and application. Based on type, the aluminum market has been segmented into primary and secondary. The primary segment commanded for the maximum share of 61.79% with the market valuation of USD 93,458 Mn during 2017 and is anticipated to reach the valuation of USD 135,867.3 Mn in the global aluminum market during the assessment period.
Based on products, the global aluminum industry trends has been segmented into flat rolled, castings, extrusions, forgings, pigments & powder, rod & bar, utensils, and others. The flat rolled segment has been sub-segmented into foil stock, can body stock, lithosheet, building sheet, common alloy, and others. The rod & bar segment has been sub-segmented into aluminum conductors, wires & cables, and others. Among these, the extrusions segment commanded for the major share of the global aluminum market with the valuation of USD 40,856 Mn in the year 2017 and reach the valuation of USD 60,605.3 Mn at a CAGR of 7.20% by the end of the forecast period during the forecast period
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/aluminum-market-2031
Aluminum Market Regional Analysis:
Geographically, the global aluminum market has been segmented into five major regions such as North America, Latin America, Asia Pacific (APAC), Europe, and the Middle East and Africa. Among these, the aluminum market in the APAC region accounts for the major share of the global aluminum market and reach the market valuation of USD 148,966.2 Mn by the end of 2023. This region is also anticipated to project fastest growth at a CAGR of 7.05% during the forecast period. The aluminum market in the Europe region is forecasted to expand at a CAGR of 5.99% during the forecast period.
Aluminum Market Competitive Analysis:
The key players profiled by MRFR that are operating in the global aluminum market are Aluminum Bahrain (Bahrain), Century Aluminum Company (the U.S.), Norsk Hydro ASA (Norway), Emirates Global Aluminum PJSC (UAE), Rio Tinto Australia (Australia), Rio Tinto Alcan Inc. (Canada), Hindalco Industries Limited (India), BHP Billiton Aluminum Australia Pty Ltd. (Australia), Aluminum Corporation of China (China), China Hongqiao Group (China), Alcoa Corporation (the U.S.), RUSAL (Russia), Vedanta Ltd. (India), and others. The players in the global aluminum market are focusing on business expansion by implementing various innovative strategies such as increased research and development activities, collaborations, mergers and acquisitions and others to sustain the competition in the global aluminum market.
Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of market and industries. Cordially get in touch for more details.
0 notes
Text
Aluminum Market: Growth, Demand, Research Report and Forecast 2025
Aluminum Market Synopsis:
Market Research Future (MRFR) has published a detailed report stating that the Global Aluminum Market is marked to expand at a substantial CAGR of 6.71% during the forecast period of 2018-2023. The features of aluminum such as corrosion and oxidation resistance have increased the application of aluminum in various end-use industries such as building and construction, automotive, electrical and others. Rapid expansion of these industries is leading to an increased demand for aluminum, which in turn is propelling the growth of the global aluminum market. However, adverse environmental effects caused by excessive mining activities are restraining the growth of the global aluminum market during the assessment period.
Aluminum Market Segmentation:
The aluminum market report has been segmented on the basis of type, product and application. Based on type, the aluminum market has been segmented into primary and secondary. The primary segment commanded for the maximum share of 61.79% with the market valuation of USD 93,458 Mn during 2017 and is anticipated to reach the valuation of USD 135,867.3 Mn in the global aluminum market during the assessment period.
Based on products, the global aluminum industry has been segmented into flat rolled, castings, extrusions, forgings, pigments & powder, rod & bar, utensils, and others. The flat rolled segment has been sub-segmented into foil stock, can body stock, lithosheet, building sheet, common alloy, and others. The rod & bar segment has been sub-segmented into aluminum conductors, wires & cables, and others. Among these, the extrusions segment commanded for the major share of the global aluminum market with the valuation of USD 40,856 Mn in the year 2017 and reach the valuation of USD 60,605.3 Mn at a CAGR of 7.20% by the end of the forecast period during the forecast period
Based on application, the global aluminum market size has been segmented into machinery & equipment, building & construction, foil & packaging, hardware & accessories, transportation, electrical, consumer goods, solar, utensils, and others. The transportation segment commanded for the maximum share of the global aluminum market and is anticipated to reach the valuation of USD 72,354 Mn by the end of the forecast period.
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Aluminum Market Regional Analysis:
Geographically, the global aluminum market has been segmented into five major regions such as North America, Latin America, Asia Pacific (APAC), Europe, and the Middle East and Africa. Among these, the aluminum market in the APAC region accounts for the major share of the global aluminum market and reach the market valuation of USD 148,966.2 Mn by the end of 2023. This region is also anticipated to project fastest growth at a CAGR of 7.05% during the forecast period. The aluminum market in the Europe region is forecasted to expand at a CAGR of 5.99% during the forecast period. Increased utilization of aluminum to reduce the weight of automobiles that are being manufactured in the rapidly expanding automotive sector is majorly contributing to the growth of the aluminum market in the Europe region. The aluminum market in the North America region is marked to expand at a CAGR of 5.88% during the assessment period. The market growth is attributed to the growing secondary usage of aluminum in various end-use industries in this region.
Aluminum Market Competitive Analysis:
The key players profiled by MRFR that are operating in the global aluminum market are Aluminum Bahrain (Bahrain), Century Aluminum Company (the U.S.), Norsk Hydro ASA (Norway), Emirates Global Aluminum PJSC (UAE), Rio Tinto Australia (Australia), Rio Tinto Alcan Inc. (Canada), Hindalco Industries Limited (India), BHP Billiton Aluminum Australia Pty Ltd. (Australia), Aluminum Corporation of China (China), China Hongqiao Group (China), Alcoa Corporation (the U.S.), RUSAL (Russia), Vedanta Ltd. (India), and others. The players in the global aluminum market are focusing on business expansion by implementing various innovative strategies such as increased research and development activities, collaborations, mergers and acquisitions and others to sustain the competition in the global aluminum market. For instance, in December 2018, Kobelco Aluminum Products & Extrusions Inc. has announced its plan of expanding the plant on Kobe Way. This expansion plan is worth USD 42 Mn.
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Aluminum Market 2025 Booming Trends, Share, Growth & Forecast
Aluminum Market Synopsis:
Market Research Future (MRFR) has published a detailed report stating that the Global Aluminum Market is marked to expand at a substantial CAGR of 6.71% during the forecast period of 2018-2023. The features of aluminum such as corrosion and oxidation resistance have increased the application of aluminum in various end-use industries such as building and construction, automotive, electrical and others. Rapid expansion of these industries is leading to an increased demand for aluminum, which in turn is propelling the growth of the global aluminum market. However, adverse environmental effects caused by excessive mining activities are restraining the growth of the global aluminum market during the assessment period.
Aluminum Market Segmentation:
The aluminum market report has been segmented on the basis of type, product and application. Based on type, the aluminum market has been segmented into primary and secondary. The primary segment commanded for the maximum share of 61.79% with the market valuation of USD 93,458 Mn during 2017 and is anticipated to reach the valuation of USD 135,867.3 Mn in the global aluminum market during the assessment period.
Based on products, the global aluminum industry has been segmented into flat rolled, castings, extrusions, forgings, pigments & powder, rod & bar, utensils, and others. The flat rolled segment has been sub-segmented into foil stock, can body stock, lithosheet, building sheet, common alloy, and others. The rod & bar segment has been sub-segmented into aluminum conductors, wires & cables, and others. Among these, the extrusions segment commanded for the major share of the global aluminum market with the valuation of USD 40,856 Mn in the year 2017 and reach the valuation of USD 60,605.3 Mn at a CAGR of 7.20% by the end of the forecast period during the forecast period
Based on application, the global aluminum industry has been segmented into machinery & equipment, building & construction, foil & packaging, hardware & accessories, transportation, electrical, consumer goods, solar, utensils, and others. The transportation segment commanded for the maximum share of the global aluminum market and is anticipated to reach the valuation of USD 72,354 Mn by the end of the forecast period.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/aluminum-market-2031
Aluminum Market Regional Analysis:
Geographically, the global aluminum market has been segmented into five major regions such as North America, Latin America, Asia Pacific (APAC), Europe, and the Middle East and Africa. Among these, the aluminum market in the APAC region accounts for the major share of the global aluminum market and reach the market valuation of USD 148,966.2 Mn by the end of 2023. This region is also anticipated to project fastest growth at a CAGR of 7.05% during the forecast period. The aluminum market in the Europe region is forecasted to expand at a CAGR of 5.99% during the forecast period. Increased utilization of aluminum to reduce the weight of automobiles that are being manufactured in the rapidly expanding automotive sector is majorly contributing to the growth of the aluminum market in the Europe region. The aluminum market in the North America region is marked to expand at a CAGR of 5.88% during the assessment period. The market growth is attributed to the growing secondary usage of aluminum in various end-use industries in this region.
Aluminum Market Competitive Analysis:
The key players profiled by MRFR that are operating in the global aluminum market are Aluminum Bahrain (Bahrain), Century Aluminum Company (the U.S.), Norsk Hydro ASA (Norway), Emirates Global Aluminum PJSC (UAE), Rio Tinto Australia (Australia), Rio Tinto Alcan Inc. (Canada), Hindalco Industries Limited (India), BHP Billiton Aluminum Australia Pty Ltd. (Australia), Aluminum Corporation of China (China), China Hongqiao Group (China), Alcoa Corporation (the U.S.), RUSAL (Russia), Vedanta Ltd. (India), and others. The players in the global aluminum market are focusing on business expansion by implementing various innovative strategies such as increased research and development activities, collaborations, mergers and acquisitions and others to sustain the competition in the global aluminum market. For instance, in December 2018, Kobelco Aluminum Products & Extrusions Inc. has announced its plan of expanding the plant on Kobe Way. This expansion plan is worth USD 42 Mn.
Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of market and industries. Cordially get in touch for more details.
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