Aluminium Metals Market Research Report - Global Forecast till 2030

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

ID: MRFR/CnM/2421-CR | August 2019 | Region: Global | 151 Pages         

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Aluminium Metals Market

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 132.7 million by the end of the year 2030.

Segmentation
By Type Primary Aluminium Recycled Aluminium
By Application Automotive & Transportation Construction Foil & Packaging Electrical Machinery & Equipment Consumer Goods Others
Key Players
Companies Profiled   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)
Drivers
Market Driving Forces   Due to its several qualities such as corrosion resistance.
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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 132.7 million by the end of the year 2030. Aluminum (Al) is a lightweight silvery-white metal and is the most abundant metallic element in Earth's crust and the most widely used non-ferrous metal. The aluminum market is segmented by processing type and end-user industry. By processing type, the market is segmented by castings, extrusions, powder, rods and bars, and sheets and plates. The end-user industry segmented the market by automotive, aerospace and defense, building and construction, electrical and electronics, packaging, industrial, and other industrial equipment. Aluminum is the second most vastly used metal with high demand. It is widely used in windows, curtain walls, roofing, solar shading, panels, railings, and other structures.


Aluminum is among one of the most used metals and is the most abundant metal in the Earth's crust; and is commonly mined and extracted from bauxite. Aluminum Metals Industries have been very successful globally. Most of the aluminum metal is consumed by the automotive sectors, the electrical & electronics fields, the aerospace industry, and the building & construction, accelerating the nation towards research and development.


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 aluminum 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 132.7 million by the end of the year 2030 and a 5.33% CAGR over the estimated period (2022- 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

June 7 (SMM) – The average operating rate across major aluminum processing enterprises are increased by 4.6 percentage points from a week ago to 66.3% as of June 2. The aluminum extrusion sector saw four consecutive weeks of growth due to the improved pandemic.


February 2022 -The Sierra Aluminum has been expanding its anodizing, painting, and extrusion capacity by adding a greenfield unit in Mexicali, Mexico, and investments in its California facilities. The facility is scheduled to be completed by 2023 with an updated version and an additional extrusion line. 


January 2022 - The reputed Romanian aluminum developer also aims to resume electrolytic aluminum production by 2023. The company has further planned to announce the future manufacturing to substitute the two hall electrolysis while working.


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  2030: USD 132.7 million
  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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Frequently Asked Questions (FAQ) :

The aluminium metals market is predicted to grow at a 5.33% CAGR between 2021-2030.

The global aluminium metals market is predicted to touch USD 132.7 million by 2030.

Asia Pacific is predicted to dominate the aluminium metals market.

Growing demand for aluminium in the automotive, aerospace, rail, and marine industries are boosting market growth.

Key players have used strategies such as collaborations, product launches, partnerships, and mergers to create a niche in the market.