Aluminium Metals Market Research Report: Information by Type (Primary Aluminium and Recycled Aluminium), Application (Automotive & Transportation, Construction, Foil & Packaging, Electrical, Machinery & Equipment, Consumer Goods and others) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2030

Aluminium Metals Market: Overview

Aluminium metals market is anticipated to earn a 5.33% CAGR growth all throughout the estimated period and earn a total revenue estimate of USD 129.6 Million by the end of the year 2030.

The metal is among one of the most used metals globally and is the most available metal in the earth's crust, and is very commonly mined and extracted from bauxite. The Aluminium Metals Industry has been very successful. Most of the aluminium is consumed across a wider range of applications all over the major miscellaneous industry verticals such as automotive sectors, electrical & electronics fields, aerospace industry, and building & construction. The supreme qualities that guarantee high strength, durability, perfect corrosion resistance, very low metal density, and total ductility have advocated the cause for its extensive use as witness today.

COVID 19 Impacts and effects

aluminium metals market growth has been influenced by the COVID-19 outbreak that has spread all across the world; businesses of several types are starting to show the major signs of distress. The aluminium industry outlook is not an exception; it is used in some medical devices that currently witness very high demand and favours advanced P.C.B.s to function properly. The most affordable among these devices is the daily ventilators, which are being highly operated to back major life functions in susceptible COVID-19 patients with respiring. There has been a fast need for the production of ventilators is projected to contribute to the growth of the world aluminium market. The quite less essential electronic devices that also might use aluminium-based core mechanisms are projected to forecast a little downturn in demand, such as the most smartphone gadgets are backed by P.C.B.s, and there is a final indication of a major slowdown in the total production of these mechanical devices as a result of the fast contagion

Market Dynamics

• Major Drivers of The Market

As per the aluminium metals market report, the Chinese national sectors such as public transportation, construction sector, packaging, and electrical industries are major consumers that add an astounding 60%of the total demand that contributes to the national market's grand supremacy, for both as small scale producer and user of aluminium.  The government's influence in terms of different facilitating the total availability is projected to play an important role.

Due to its several qualities such as corrosion resistance, very high strength, immense flexibility, lightweight, good holder of thermal & electrical conductivity, and barrier properties, aluminium metals market share are playing a major role in the aluminium consumer demand from the vast aerospace sector which is reflecting an increase for the total duration of the forecast.

Different factors are focusing on boosting the market share, including factors like continuous global economic development, rising consumer spending, expanding urban population, rising investments, and rise in recreational operations. Besides, huge investments in research and development activities to improve efficiency and enhance the performance of aluminium metals through innovative solutions, higher quality and outputs, reduced breakages, increased efficiency, and increasing establishment of major brands are also bolstering the growth.

• Significant Opportunities for The Market

The aluminium metals industry is characterized by the semiconductor manufacturing explosion and is observed as a main growth factor for the market. Countries like China, Japan, and Taiwan are the original flag-bearers of manufacturing, which accounts for a notable share of the worldwide supply, which also makes them prior markets for main aluminium metal. During the original assessment period, main emerging markets are estimated to remain the basic investment harbour for market players owing to the ongoing recent industrial boom.

Increasing demand for the latest aluminium metal owing to less cost is projected to drive the major demand for the industry. Also, along with growing product design, mega innovations lead the maximum customer experience and are expected to boost the market growth within very little time.

• Market Restraints

Though the forecast for aluminium metals market forecast is impressive, there are certain restraints. The entire process of bauxite mining under which the actual ore from which aluminium is derived triggers a very high level of pollution. Overall, the countries are trying hard to minimize or lessen this effect by presenting a new kind of secondary aluminium, which could hold the actual back of the major standard aluminium market outlook.

• Market Growth Challenges

The aluminium metals market segment is estimated to witness growth owing to its increasing demand from the low-income categories. In addition, consumers are showing interest in buying more. Moreover, the essential demand is expected to keep stagnant because of the relatively better price of the product. Because of increasing demand for low-price advanced and premium technology-based, the product is estimated to drive the segment in the years to come. In addition, the industry is expected to reap the benefit of rising demand for the latest products by the consumers. Also, along with, rising demand for the locally manufactured latest product is expected to have a huge positive impact on the demand.

Cumulative Growth Analysis

The primary market claims to have a revenue of USD 129.6 Million by the end of the year 2030 and a 5.33% CAGR over the estimated period (2019- 2030). The requirement for this vast concept has risen because companies are conscious now. The different Asian and North American major countries are focusing on spreading the production to meet the given targets and deal with innovative technologies effectively.

Value Chain Analysis

The global aluminium metals market is impressive; famous companies are manufacturing it. It is a modern concept. Unbelievably high in demand, super low-slung looks that can give the consumer a unique experience. The best products provide a perfect construction, thus, has offered less strain on the demand

By Sales Channel

The companies are creating new avenues, and this concept of coating is gaining momentum. The processes are dynamic now, so the concept is evolving every day. To meet the global supply chain and the latest technology services criteria, the major companies are getting agreement to grow and work together. Organizations that are active in the making of different launches have an advanced solution sanctioning that can proactively change the functions. 

By Application:

On the basis of segment of product types and its varieties, production of aluminium, revenue, price, market share and growth rate of each type, primarily divided into:

• Commercially Pure Aluminium


• Heat-Treatable Alloys


• Non-Heatable Alloys


• Others

On the basis of a segment of end users/applications and its varieties, the total application is primarily divided as applications/end users, consumption (sales), market share and growth rate for each application, including:

• Metal Spinning


• General Machining


• Aerospace Application


• Chemical Equipment


• Marine Equipment


• Structural Applications


•  

On the basis of Type

• Primary


• Secondary

On the basis of Product

• Flat Rolled




• Foil Stock


• Can Body Stock


• Common Alloy


• Lithosheet


• Building Sheet


• Others




• Castings


• Extrusions


• Forgings


• Pigments & Powder


• Rod & Bar




• Aluminium Conductors


• Wires & Cables


• Others


• Utensils

• On the basis of Application




• Building & Construction


• Transportation


• Foil & Packaging


• Electrical


• Machinery & Equipment


• Consumer Goods


• Solar Industry


• Utensils


• Hardware & Accessories


• Others

On the basis of division of Region

• North America: U.S., and Canada


• Europe: Germany, the U.K, France, Spain, Italy, and Rest of Europe


• Asia Pacific (APAC): China, Japan, India, and Rest of Asia Pacific


• The Middle East & Africa (MEA)


• Latin America

The major companies who are operating in the aluminium market are:

• Alcoa Corporation (U.S.),


• Rio Tinto (Australia),


• RUSAL (Russia),


• Norsk Hydro A.S.A. (Norway),


• Dubai Aluminum Company Limited (U.A.E),


• Aluminum Bahrain B.S.C. (Bahrain),


• Century Aluminum Company (U.S.),


• Vedanta Ltd. (India),


• China Aluminum Corporation (China),


• China Hongqiao (China),


• H.P. (Australia),


• East Hope Group (China),


• Emirates Global Aluminum (U.A.E.)

Regional Analysis

As per aluminium metals market analysis, the entire region of Asia Pacific dominated the Global Market and has registered the largest share of the market in the year 2016. The Asia Pacific market is again followed by countries like Europe and North America. Moreover, the market is huge and will witness major growth during the estimated period with a rising concentration of end-user segments for real aluminium demand in the global region coupled with a major expansion of primary producers of aluminium and its alloys in the region. Over the estimated period, the regions of Middle East & Africa are projected to offer several lucrative opportunities for coated abrasives because of the new construction latest activities in the region and carrying trend of industry bifurcation to non-oil manufacturing advanced sectors, with respect to major declining crude oil prices.

• North America


• US


• Canada


• Europe


• UK


• Rest of Europe


• APAC


• China


• Rest of APAC


• MEA


• KSA


• Rest of MEA


• Latin America


• Brazil


• Rest of Latin America 

 Recent Developments

February 2022 - Sierra Aluminum, a part of Samuel, Son & Co. Limited, will be expanding its anodizing, painting and extrusion capacity by adding a greenfield unit in Mexicali, Mexico, as well as investments in its California facilities. The facility construction will start in the latter half of 2022, with the 300,000-square-foot unit expected to be just three hours from the company’s present operations.
The facility will be completed by 2023, and is expected to have an additional extrusion line. The investments will allow Sierra to accelerate its growth strategy and bolster its present among the customers in the United States, with potential to form new relationships too.

January 2022 - Alro, the reputed Romanian aluminium developer is aiming to resume the production of electrolytic aluminium by 2023, in line with the rising energy prices in the market. In 2022, the company will be announcing the manufacturing plan to alter the electrolytic aluminium output while working with two electrolysis halls.

Hindalco Industries Ltd. has invested USD 947 million to create more value-added different aluminium products as the Indian market want to recover from the coronavirus contagion

In March 2018, the world's most famous company Centre for Biomedical Technologies, at Queensland University of Technology, developed an advanced aluminium.

Report Overview

• Market overview highlights the global recognition


• Analysis based upon COVID 19


• Explanation upon the Market Dynamics


• Value chain analysis


• Market segmentation overview


• The regional analysis


• Competitive landscape analysis


• Recent Developments

Report Scope:

Report Attribute/Metric	Details
Market Size	2022: USD 129.6 Million 2030: Significant Value
CAGR	5.33%(2016-2030)
Base Year	2021
Forecast Period	2022 to 2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Product, Application
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Alcoa Corporation (U.S.), Rio Tinto (Australia), RUSAL (Russia), Norsk Hydro A.S.A. (Norway), Dubai Aluminum Company Limited (U.A.E), Aluminum Bahrain B.S.C. (Bahrain), Century Aluminum Company (U.S.), Vedanta Ltd. (India), China Aluminum Corporation (China), China Hongqiao (China), H.P. (Australia), East Hope Group (China), Emirates Global Aluminum (U.A.E.)
Key Market Opportunities	The aluminium metals industry is characterized by the semiconductor manufacturing explosion and is observed
Key Market Drivers	Public transportation, construction sector, packaging, and electrical industries are major consumers

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