Aluminum Market to Hit $167,277 Million by 2022 Opportunity Analysis and IndustryForecast, 2016-2023 Global Opportunity Analysisand IndustryForecast, 2018-2025
Aluminum is a nonmagnetic and ductile metal with a dull luster due to thin aluminum oxide coating. Introduction • Low metal density, corrosion resistance, and thermal conductivity are some properties, which makes it ideal for various industrial applications. • Growth in transport industry is the major factor that drives the growth of the aluminum market across the globe. • Modern manufacturers are enhancing the design of aluminum cans to make the cans more hygienic. • Manufacturers integrate their value chain to gain control over supply chain and offer aluminum products to end users at reduced costs. Food and Drug Administration (FDA), American Society for Testing and Materials (ASTM), International Organization for Standardization (ISO), and Environment Protection Agency (EPA) are some of the regulatory authorities present in the aluminum market.
Key Factors of theMarket • Asia-Pacific is expected to lead the market during the forecast period, followed by Europe. • Flat rolled market volume is projected to grow with a CAGR of 4.0% during the forecast period. • The transport segment is expected to show highest growth, registering a CAGR of 3.6%. • Turkey accounted for 1.6% share in the LAMEA aluminum market in 2015. • Mexico is projected to grow at a fastest rate in the North America aluminum market, registering a CAGR of 4.0%. • Germany accounts for 8.4% share in the European aluminum market in 2015.
Aluminum Market • Asia-Pacific and Europe collectively contributed more than half of the share to the global aluminum market revenue in 2015. In the same year, Asia-Pacific dominated the market owing to massive urbanization, growth in income of people in urban areas, and rapid industrial development. • The prominent market players are Alcoa Corporation (U.S.), Aluminium Corporation of China Limited (CHALCO) (China), China Hongqiao Group Ltd. (China), China Power Investment Corp. (CPI) (China), East Hope Group Company Limited (China), Emirates Global Aluminium PJSC (UAE), Norsk Hydro ASA (Norway), Rio Tinto Alcan Inc. (Canada), United Company RUSAL Plc. (Russia), and Xinfa Group Co., Ltd. (China). Get PDF Brochure of this report study @
Key Benefits of theMarket • This report provides a quantitative and qualitative analysis of the current market trends and estimations from 2014 to 2022, which assists to identify the prevailing market opportunities in different application segments. • Market trends of major countries in each region are mapped according to projected market revenue. • Top investment pockets highlight the opportunity in the most lucrative application segment. • Focused study of the factors that drive and restrict the growth of aluminum market is provided. • An in-depth analysis of different regulations within the market is provided. • Key manufactures of aluminum products are profiled and their recent developments are listed.
MarketSegmentation • By Processing Method • Flat Rolled • Castings • Extrusions • Forgings • Pigments & Powder • Rod & Bar • By End User Industry • Transport • Building & Construction • Electrical Engineering • Consumer Goods • Foil & Packaging • Machinery & Equipment • Others (Solar Panel Nanotechnology and Aluminum Air Batteries) • By Geography • North America • Europe • Asia-Pacific • LAMEA
Key Players of theMarket • Alcoa Corporation • Aluminium Corporation of China Limited (CHALCO), • China Hongqiao Group Ltd., • China Power Investment Corp. (CPI), • East Hope Group Company Limited • Emirates Global Aluminum PJSC • Others For purchase enquiry, visit @https://www.alliedmarketresearch.com/purchase-enquiry/2067
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