Aluminum Market Research Report - Forecast till 2030

Aluminum Market Research Report: Information By Type (Primary, Secondary), By Product (Flat-Rolled, Castings, Extrusions, Forgings, Pigments & Powder, Rod & Bar), By Application (Building & Construction, Transportation, Foil & Packaging, Electrical, Machinery & Equipment, Solar Industry, Utensils, Hardware & Accessories, Others) - Forecast till 2030

ID: MRFR/CnM/1499-CR | February 2021 | Region: Global | 299 Pages         

1 Executive Summary

2 Market Introduction

2.1 Definition 24

2.2 Scope Of The Study 24

2.3 List Of Assumptions 25

2.4 Market Structure 26

2.5 Key Takeaways 26

3 Market Insights

4 Research Methodology

4.1 Research Process 32

4.2 Primary Research 32

4.3 Secondary Research 34

4.4 Market Size Estimation 34

4.5 Forecast Model 35

5 Market Dynamics

5.1 Introduction 37

5.2 Drivers 38

5.2.1 Increasing Demand For Aluminum In China 38

5.2.2 Increasing Use Of High-Strength Aluminum In The Aerospace And Automotive Industries 38

5.2.3 Growing Popularity Of Secondary Aluminum 38

5.3 Restraints 39

5.3.1 Adverse Effects Of Bauxite Mining 39

5.4 Opportunity 40

5.4.1 Use Of Aluminium Die Cast Products In The Automotive Industry 40

5.5 Supply Chain Analysis 41

5.5.1 Raw Materials And Suppliers 41

5.5.2 Aluminum Producers 41

5.5.3 Distributors 42

5.5.4 End-Use Industries 42

 

5.6 Porter’s Five Forces Model 42

5.6.1 Threat Of New Entrants 43

5.6.2 Threat Of Rivalry 43

5.6.3 Threat Of Substitutes 43

5.6.4 Bargaining Power Of Suppliers 43

5.6.5 Bargaining Power Of Buyers 43

5.7 Macroeconomic Indicators 44

5.8 Mega Trends 44

5.8.1 Key Development Trends 44

5.9 Global Bauxite Reserves And Production, By Region 45

6 Global Aluminum Market By Type

6.1 Introduction 47

6.2 Primary 48

6.3 Secondary 50

7 Global Aluminum Market, By Product

7.1 Introduction 52

7.2 Flat Rolled 56

7.2.1 Foil Stock 57

7.2.2 Can Body Stock 58

7.2.3 Common Alloy 59

7.2.4 Lithosheet 60

7.2.5 Building Sheet 61

7.2.6 Others 62

7.3 Castings 63

7.4 Extrusions 64

7.5 Forgings 65

7.6 Pigments & Powder 66

7.7 Rod & Bar 67

7.7.1 Aluminum Conductors 68

7.7.2 Wires & Cables 69

7.7.3 Others 70

7.8 Utensils 71

7.9 Others 72

8 Global Aluminum Market By Application

8.1 Introduction 74

8.2 Building & Construction 76

8.3 Transportation 77

8.4 Foil & Packaging 78

8.5 Electrical 79

8.6 Machinery & Equipment 80

8.7 Consumer Goods 81

8.8 Solar Industry 82

8.9 Utensils 83

8.10 Hardware & Accessories 84

8.11 Others 85

9 Global Aluminum Market By Region

9.1 Introduction 87

9.2 North America 89

9.2.1 The U.S. 93

9.2.2 Canada 97

9.3 Europe 101

9.3.1 Germany 106

9.3.2 France 110

9.3.3 UK 114

9.3.4 Spain 118

9.3.5 Italy 122

9.3.6 Russia 126

9.3.7 Benelux 130

9.3.8 Rest Of The Europe 134

9.4 Asia-Pacific 138

9.4.1 China 143

9.4.2 Japan 147

9.4.3 India 151

9.4.4 South Korea 155

9.4.5 Indonesia 159

9.4.6 Australia & New Zealand 163

9.4.7 Rest Of The Asia-Pacific 167

 

9.5 Middle East & Africa 171

9.5.1 GCC 176

9.5.2 Turkey 180

9.5.3 South Africa 184

9.5.4 Rest Of The Middle East & Africa 188

9.6 Latin America 192

9.6.1 Mexico 197

9.6.2 Brazil 201

9.6.3 Argentina 205

9.6.4 Rest Of The Latin America 209

10 Global Recycled Aluminum Market

10.1 Introduction 215

10.2 Overview On Wrought Alloys 219

10.3 Global Recycling Aluminum Industry Stakeholders 220

10.4 Recycled Aluminum Market: Key Opportunities Prioritized (KOP) 221

10.5 Global Aluminum Industry: Legislative Framework 223

11 Global High-End Aluminum Alloys Market

11.1 Global High-End Aluminum Alloys Market, By End-Use Industries, 2020-2027 226

11.2 Aerospace & Defence 227

11.3 Construction 228

11.4 Railways 229

11.5 Spacecrafts 230

11.6 Electrical 231

11.7 Others 232

12 Indian Aluminum Industry: Competitive Landscape

12.1 Introduction 234

12.2 Key Developments Of Major Indian Market Players 234

12.3 Installed Plants, By Company 235

12.4 India Aluminum Industry: Price Analysis 235

12.5 Key Developments And Strategies 236

12.5.1 Ongoing/Upcoming Projects And Major Investments In India 236

12.6 India Aluminum Market: Investment Outlook 236

13 Competitive Landscape

13.1 Introduction 238

13.2 Key Developments Of Major Global Aluminum Market Players 238

13.3 Installed Plants, By Company 240

13.4 Global Aluminum Market: Price Analysis 240

13.5 Global Aluminum Market: Investment Outlook 241

14 Company Profiles

14.1 Hindalco Industries Limited 244

14.1.1 Company Overview 244

14.1.2 Financial Overview 244

14.1.3 Products Offered 245

14.1.4 Key Developments 245

14.1.5 SWOT Analysis 245

14.1.6 Key Strategies 245

14.2 Vedanta Limited 246

14.2.1 Company Overview 246

14.2.2 Financial Overview 246

14.2.3 Products Offered 247

14.2.4 Key Developments 247

14.2.5 SWOT Analysis 248

14.2.6 Key Strategies 248

14.3 NALCO 249

14.3.1 Company Overview 249

14.3.2 Financial Overview 249

14.3.3 Products Offered 250

14.3.4 Key Developments 250

14.3.5 SWOT Analysis 250

14.3.6 Key Strategies 250

14.4 Kennametal India Limited 251

14.4.1 Company Overview 251

14.4.2 Financial Overview 251

14.4.3 Products Offered 252

14.4.4 Key Developments 252

14.4.5 SWOT Analysis 252

14.4.6 Key Strategies 252

14.5 Gujarat Foils Limited 253

14.5.1 Company Overview 253

14.5.2 Financial Overview 253

14.5.3 Products Offered 253

14.5.4 Key Developments 253

14.5.5 Key Strategies 254

14.5.6 SWOT Analysis 254

14.6 Alcoa Corporation 255

14.6.1 Company Overview 255

14.6.2 Financial Overview 255

14.6.3 Products Offered 256

14.6.4 Key Developments 256

14.6.5 SWOT Analysis 256

14.6.6 Key Strategies 256

14.7 Rio Tinto Alcan Inc. 257

14.7.1 Company Overview 257

14.7.2 Financial Overview 257

14.7.3 Products Offered 258

14.7.4 Key Developments 258

14.7.5 SWOT Analysis 258

14.7.6 Key Strategies 258

14.8 Rusal 259

14.8.1 Company Overview 259

14.8.2 Financial Overview 259

14.8.3 Products Offered 260

14.8.4 Key Developments 260

14.8.5 SWOT Analysis 260

14.8.6 Key Strategies 260

14.9 Norsk Hydro ASA 261

14.9.1 Company Overview 261

14.9.2 Financial Overview 261

14.9.3 Products Offered 262

14.9.4 Key Developments 262

14.9.5 SWOT Analysis 263

14.9.6 Key Strategies 263

14.10 Emirates Global Aluminum PJSC 264

14.10.1 Company Overview 264

14.10.2 Financial Overview 264

14.10.3 Products Offered 264

14.10.4 Key Developments 264

14.10.5 Key Strategies 264

14.11 Aluminium Bahrain (Alba) 265

14.11.1 Company Overview 265

14.11.2 Financial Overview 265

14.11.3 Products Offered 266

14.11.4 Key Developments 266

14.11.5 SWOT Analysis 266

14.11.6 Key Strategies 266

14.12 Century Aluminum Company 267

14.12.1 Company Overview 267

14.12.2 Financial Overview 267

14.12.3 Products Offered 268

14.12.4 Key Developments 268

14.12.5 SWOT Analysis 268

14.12.6 Key Strategies 268

14.13 Aluminum Corporation Of China 269

14.13.1 Company Overview 269

14.13.2 Financial Overview 269

14.13.3 Products Offered 270

14.13.4 Key Developments 270

14.13.5 SWOT Analysis 270

14.13.6 Key Strategies 270

14.14 China Hongqiao Group Limited 271

14.14.1 Company Overview 271

14.14.2 Financial Overview 271

14.14.3 Products Offered 272

14.14.4 Key Developments 272

14.14.5 SWOT Analysis 272

14.14.6 Key Strategies 272

14.15 BHP Billiton Aluminium Australia Pty Ltd 273

14.15.1 Company Overview 273

14.15.2 Financial Overview 273

14.15.3 Products Offered 273

14.15.4 Key Developments 273

14.15.5 SWOT Analysis 274

14.15.6 Key Strategy 274

15 Conclusion

16 Recommendations

17 List Of Tables

TABLE 1 LIST OF ASSUMPTIONS 25

TABLE 2 COMPARATIVE STRATEGIC ANALYSIS OF ALUMINUM CONSUMPTION, BY COUNTRY AND REGION 44

TABLE 3 GLOBAL BAUXITE RESERVES AND PRODUCTION, BY REGION (2015) 45

TABLE 4 GLOBAL ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 47

TABLE 5 GLOBAL ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 48

TABLE 6 GLOBAL ALUMINUM MARKET FOR PRIMARY TYPE (USD MILLION) (2020-2027) 49

TABLE 7 GLOBAL ALUMINUM MARKET FOR PRIMARY TYPE (KILOTON) (2020-2027) 49

TABLE 8 GLOBAL ALUMINUM MARKET FOR SECONDARY TYPE (USD MILLION) (2020-2027) 50

TABLE 9 GLOBAL ALUMINUM MARKET FOR SECONDARY TYPE (KILOTON) (2020-2027) 50

TABLE 10 GLOBAL ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 53

TABLE 11 GLOBAL ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 55

TABLE 12 GLOBAL ALUMINUM MARKET FOR FLAT ROLLED (USD MILLION) (2020-2027) 56

TABLE 13 GLOBAL ALUMINUM MARKET FOR FLAT ROLLED (KILOTON) (2020-2027) 56

TABLE 14 GLOBAL ALUMINUM MARKET FOR FOIL STOCK (USD MILLION) (2020-2027) 57

TABLE 15 GLOBAL ALUMINUM MARKET FOR FOIL STOCK (KILOTON) (2020-2027) 57

TABLE 16 GLOBAL ALUMINUM MARKET FOR CAN BODY STOCK (USD MILLION) (2020-2027) 58

TABLE 17 GLOBAL ALUMINUM MARKET FOR CAN BODY STOCK (KILOTON) (2020-2027) 58

TABLE 18 GLOBAL ALUMINUM MARKET FOR COMMON ALLOY (USD MILLION) (2020-2027) 59

TABLE 19 GLOBAL ALUMINUM MARKET FOR COMMON ALLOY (KILOTON) (2020-2027) 59

TABLE 20 GLOBAL ALUMINUM MARKET FOR LITHOSHEET (USD MILLION) (2020-2027) 60

TABLE 21 GLOBAL ALUMINUM MARKET FOR LITHOSHEET (KILOTON) (2020-2027) 60

TABLE 22 GLOBAL ALUMINUM MARKET FOR BUILDING SHEET (USD MILLION) (2020-2027) 61

TABLE 23 GLOBAL ALUMINUM MARKET FOR BUILDING SHEET (KILOTON) (2020-2027) 61

TABLE 24 GLOBAL ALUMINUM MARKET FOR OTHERS (USD MILLION) (2020-2027) 62

TABLE 25 GLOBAL ALUMINUM MARKET FOR OTHERS (KILOTON) (2020-2027) 62

TABLE 26 GLOBAL ALUMINUM MARKET FOR CASTINGS (USD MILLION) (2020-2027) 63

TABLE 27 GLOBAL ALUMINUM MARKET FOR CASTINGS (KILOTON) (2020-2027) 63

TABLE 28 GLOBAL ALUMINUM MARKET FOR EXTRUSIONS (USD MILLION) (2020-2027) 64

TABLE 29 GLOBAL ALUMINUM MARKET FOR EXTRUSIONS (KILOTON) (2020-2027) 64

TABLE 30 GLOBAL ALUMINUM MARKET FOR FORGINGS (USD MILLION) (2020-2027) 65

TABLE 31 GLOBAL ALUMINUM MARKET FOR FORGINGS (KILOTON) (2020-2027) 65

TABLE 32 GLOBAL ALUMINUM MARKET FOR PIGMENTS & POWDER (USD MILLION) (2020-2027) 66

TABLE 33 GLOBAL ALUMINUM MARKET FOR PIGMENTS & POWDER (KILOTON) (2020-2027) 66

TABLE 34 GLOBAL ALUMINUM MARKET FOR ROD & BAR (USD MILLION) (2020-2027) 67

TABLE 35 GLOBAL ALUMINUM MARKET FOR ROD & BAR (KILOTON) (2020-2027) 67

TABLE 36 GLOBAL ALUMINUM MARKET FOR ALUMINUM CONDUCTORS (USD MILLION) (2020-2027) 68

TABLE 37 GLOBAL ALUMINUM MARKET FOR ALUMINUM CONDUCTORS (KILOTON) (2020-2027) 68

TABLE 38 GLOBAL ALUMINUM MARKET FOR WIRES & CABLES (USD MILLION) (2020-2027) 69

TABLE 39 GLOBAL ALUMINUM MARKET FOR WIRES & CABLES (KILOTON) (2020-2027) 69

TABLE 40 GLOBAL ALUMINUM MARKET FOR OTHERS (USD MILLION) (2020-2027) 70

TABLE 41 GLOBAL ALUMINUM MARKET FOR OTHERS (KILOTON) (2020-2027) 70

TABLE 42 GLOBAL ALUMINUM MARKET FOR UTENSILS (USD MILLION) (2020-2027) 71

TABLE 43 GLOBAL ALUMINUM MARKET FOR UTENSILS (KILOTON) (2020-2027) 71

TABLE 44 GLOBAL ALUMINUM MARKET FOR OTHERS (USD MILLION) (2020-2027) 72

TABLE 45 GLOBAL ALUMINUM MARKET FOR OTHERS (KILOTON) (2020-2027) 72

TABLE 46 GLOBAL ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 74

TABLE 47 GLOBAL ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 75

TABLE 48 GLOBAL ALUMINUM MARKET FOR BUILDING & CONSTRUCTION (USD MILLION) (2020-2027) 76

TABLE 49 GLOBAL ALUMINUM MARKET FOR BUILDING & CONSTRUCTION (KILOTON) (2020-2027) 76

TABLE 50 GLOBAL ALUMINUM MARKET FOR TRANSPORTATION (USD MILLION) (2020-2027) 77

TABLE 51 GLOBAL ALUMINUM MARKET FOR TRANSPORTATION (KILOTON) (2020-2027) 77

TABLE 52 GLOBAL ALUMINUM MARKET FOR FOIL & PACKAGING (USD MILLION) (2020-2027) 78

TABLE 53 GLOBAL ALUMINUM MARKET FOR FOIL & PACKAGING (KILOTON) (2020-2027) 78

TABLE 54 GLOBAL ALUMINUM MARKET FOR ELECTRICAL (USD MILLION) (2020-2027) 79

TABLE 55 GLOBAL ALUMINUM MARKET FOR ELECTRICAL (KILOTON) (2020-2027) 79

TABLE 56 GLOBAL ALUMINUM MARKET FOR MACHINERY & EQUIPMENT (USD MILLION) (2020-2027) 80

TABLE 57 GLOBAL ALUMINUM MARKET FOR MACHINERY & EQUIPMENT (KILOTON) (2020-2027) 80

TABLE 58 GLOBAL ALUMINUM MARKET FOR CONSUMER GOODS (USD MILLION) (2020-2027) 81

TABLE 59 GLOBAL ALUMINUM MARKET FOR CONSUMER GOODS (KILOTON) (2020-2027) 81

TABLE 60 GLOBAL ALUMINUM MARKET FOR CONSUMER GOODS (USD MILLION) (2020-2027) 82

TABLE 61 GLOBAL ALUMINUM MARKET FOR CONSUMER GOODS (KILOTON) (2020-2027) 82

TABLE 62 GLOBAL ALUMINUM MARKET FOR UTENSILS (USD MILLION) (2020-2027) 83

TABLE 63 GLOBAL ALUMINUM MARKET FOR UTENSILS (KILOTON) (2020-2027) 83

TABLE 64 GLOBAL ALUMINUM MARKET FOR HARDWARE & ACCESSORIES (USD MILLION) (2020-2027) 84

TABLE 65 GLOBAL ALUMINUM MARKET FOR HARDWARE & ACCESSORIES (KILOTON) (2020-2027) 84

TABLE 66 GLOBAL ALUMINUM MARKET FOR OTHERS (USD MILLION) (2020-2027) 85

TABLE 67 GLOBAL ALUMINUM MARKET FOR OTHERS (KILOTON) (2020-2027) 85

TABLE 68 GLOBAL ALUMINUM MARKET BY REGION (USD MILLION) (2020-2027) 87

TABLE 69 GLOBAL ALUMINUM MARKET BY REGION (KILOTON) (2020-2027) 88

TABLE 70 NORTH AMERICA ALUMINUM MARKET BY COUNTRY (USD MILLION) (2020-2027) 89

TABLE 71 NORTH AMERICA ALUMINUM MARKET BY COUNTRY (KILOTON) (2020-2027) 89

TABLE 72 NORTH AMERICA ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 89

TABLE 73 NORTH AMERICA ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 90

TABLE 74 NORTH AMERICA ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 90

TABLE 75 NORTH MAERICA ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 91

TABLE 76 NORTH MAERICA ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 92

TABLE 77 NORTH MAERICA ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 93

TABLE 78 U.S. ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 93

TABLE 79 U.S. ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 94

TABLE 80 U.S. ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 94

TABLE 81 U.S. ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 95

TABLE 82 U.S. ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 96

TABLE 83 U.S. ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 97

TABLE 84 CANADA ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 97

TABLE 85 CANADA ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 98

TABLE 86 CANADA ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 98

TABLE 87 CANADA ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 99

TABLE 88 CANADA ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 100

TABLE 89 CANADA ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 101

TABLE 90 EUROPE ALUMINUM MARKET BY COUNTRY (USD MILLION) (2020-2027) 101

TABLE 91 EUROPE ALUMINUM MARKET BY COUNTRY (KILOTON) (2020-2027) 102

TABLE 92 EUROPE ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 102

TABLE 93 EUROPE ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 103

TABLE 94 EUROPE ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 103

TABLE 95 EUROPE ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 104

TABLE 96 EUROPE ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 105

TABLE 97 EUROPE ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 106

TABLE 98 GERMANY ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 106

TABLE 99 GERMANY ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 107

TABLE 100 GERMANY ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 107

TABLE 101 GERMANY ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 108

TABLE 102 GERMANY ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 109

TABLE 103 GERMANY ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 110

TABLE 104 FRANCE ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 110

TABLE 105 KFRANCE ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 111

TABLE 106 FRANCE ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 111

TABLE 107 FRANCE ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 112

TABLE 108 FRANCE ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 113

TABLE 109 FRANCE ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 114

TABLE 110 UK ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 114

TABLE 111 UK ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 115

TABLE 112 UK ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 115

TABLE 113 UK ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 116

TABLE 114 UK ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 117

TABLE 115 UK ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 118

TABLE 116 SPAIN ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 118

TABLE 117 SPAIN ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 119

TABLE 118 SPAIN ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 119

TABLE 119 SPAIN ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 120

TABLE 120 SPAIN ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 121

TABLE 121 SPAIN ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 122

TABLE 122 ITALY ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 122

TABLE 123 ITALY ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 123

TABLE 124 ITALY ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 123

TABLE 125 ITALY ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 124

TABLE 126 ITALY ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 125

TABLE 127 ITALY ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 126

TABLE 128 RUSSIA ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 126

TABLE 129 RUSSIA ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 127

TABLE 130 RUSSIA ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 127

TABLE 131 RUSSIA ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 128

TABLE 132 RUSSIA ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 129

TABLE 133 RUSSIA ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 130

TABLE 134 BENELUX ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 130

TABLE 135 BENELUX ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 131

TABLE 136 BENELUX ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 131

TABLE 137 BENELUX ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 132

TABLE 138 BENELUX ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 133

TABLE 139 BENELUX ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 134

TABLE 140 REST OF THE EUROPE ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 134

TABLE 141 REST OF THE EUROPE ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 135

TABLE 142 REST OF THE EUROPE ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 135

TABLE 143 REST OF THE EUROPE ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 136

TABLE 144 REST OF THE EUROPE ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 137

TABLE 145 REST OF THE EUROPE ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 138

TABLE 146 ASIA-PACIFIC ALUMINUM MARKET BY COUNTRY (USD MILLION) (2020-2027) 138

TABLE 147 ASIA-PACIFIC ALUMINUM MARKET BY COUNTRY (KILOTON) (2020-2027) 139

TABLE 148 ASIA-PACIFIC ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 139

TABLE 149 ASIA-PACIFIC ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 140

TABLE 150 ASIA-PACIFIC ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 140

TABLE 151 ASIA-PACIFIC ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 141

TABLE 152 ASIA-PACIFIC ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 142

TABLE 153 ASIA-PACIFIC ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 143

TABLE 154 CHINA ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 143

TABLE 155 CHINA ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 144

TABLE 156 CHINA ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 144

TABLE 157 CHINA ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 145

TABLE 158 CHINA ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 146

TABLE 159 CHINA ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 147

TABLE 160 JAPAN ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 147

TABLE 161 JAPAN ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 148

TABLE 162 JAPAN ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 148

TABLE 163 JAPAN ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 149

TABLE 164 JAPAN ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 150

TABLE 165 JAPAN ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 151

TABLE 166 INDIA ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 151

TABLE 167 INDIA ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 152

TABLE 168 INDIA ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 152

TABLE 169 INDIA ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 153

TABLE 170 INDIA ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 154

TABLE 171 INDIA ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 155

TABLE 172 SOUTH KOREA ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 155

TABLE 173 SOUTH KOREA ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 156

TABLE 174 SOUTH KOREA ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 156

TABLE 175 SOUTH KOREA ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 157

TABLE 176 SOUTH KOREA ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 158

TABLE 177 SOUTH KOREA ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 159

TABLE 178 INDONESIA ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 159

TABLE 179 INDONESIA ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 160

TABLE 180 INDONESIA ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 160

TABLE 181 INDONESIA ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 161

TABLE 182 INDONESIA ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 162

TABLE 183 INDONESIA ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 163

TABLE 184 AUSTRALIA & NEW ZEALAND ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 163

TABLE 185 AUSTRALIA & NEW ZEALAND ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 164

TABLE 186 AUSTRALIA & NEW ZEALAND ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 164

TABLE 187 AUSTRALIA & NEW ZEALAND ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 165

TABLE 188 AUSTRALIA & NEW ZEALAND ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 166

TABLE 189 AUSTRALIA & NEW ZEALAND ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 167

TABLE 190 REST OF THE ASIA-PACIFIC ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 167

TABLE 191 REST OF THE ASIA-PACIFIC ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 168

TABLE 192 REST OF THE ASIA-PACIFIC ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 168

TABLE 193 REST OF THE ASIA-PACIFIC ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 169

TABLE 194 REST OF THE ASIA-PACIFIC ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 170

TABLE 195 REST OF THE ASIA-PACIFIC ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 171

TABLE 196 MIDDLE EAST & AFRICA ALUMINUM MARKET BY COUNTRY (USD MILLION) (2020-2027) 171

TABLE 197 MIDDLE EAST & AFRICA ALUMINUM MARKET BY COUNTRY (KILOTON) (2020-2027) 172

TABLE 198 MIDDLE EAST & AFRICA ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 172

TABLE 199 MIDDLE EAST & AFRICA ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 172

TABLE 200 MIDDLE EAST & AFRICA ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 173

TABLE 201 MIDDLE EAST & AFRICA ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 174

TABLE 202 MIDDLE EAST & AFRICA ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 175

TABLE 203 MIDDLE EAST & AFRICA ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 176

TABLE 204 GCC ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 176

TABLE 205 GCC ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 177

TABLE 206 GCC ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 177

TABLE 207 GCC ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 178

TABLE 208 GCC ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 179

TABLE 209 GCC ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 180

TABLE 210 TURKEY ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 180

TABLE 211 TURKEY ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 181

TABLE 212 TURKEY ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 181

TABLE 213 TURKEY ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 182

TABLE 214 TURKEY ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 183

TABLE 215 TURKEY ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 184

TABLE 216 SOUTH AFRICA ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 184

TABLE 217 SOUTH AFRICA ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 185

TABLE 218 SOUTH AFRICA ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 185

TABLE 219 SOUTH AFRICA ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 186

TABLE 220 SOUTH AFRICA ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 187

TABLE 221 SOUTH AFRICA ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 188

TABLE 222 REST OF THE MIDDLE EAST & AFRICA ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 188

TABLE 223 REST OF THE MIDDLE EAST & AFRICA ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 189

TABLE 224 REST OF THE MIDDLE EAST & AFRICA ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 189

TABLE 225 REST OF THE MIDDLE EAST & AFRICA ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 190

TABLE 226 REST OF THE MIDDLE EAST & AFRICA ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 191

TABLE 227 REST OF THE MIDDLE EAST & AFRICA ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027 192

TABLE 228 LATIN AMERICA ALUMINUM MARKET BY COUNTRY (USD MILLION) (2020-2027) 192

TABLE 229 LATIN AMERICA ALUMINUM MARKET BY COUNTRY (KILOTON) (2020-2027) 193

TABLE 230 LATIN AMERICA ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 193

TABLE 231 LATIN AMERICA ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 193

TABLE 232 LATIN AMERICA ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 194

TABLE 233 LATIN AMERICA ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 195

TABLE 234 LATIN AMERICA ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 196

TABLE 235 LATIN AMERICA ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 197

TABLE 236 MEXICO ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 197

TABLE 237 MEXICO ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 198

TABLE 238 MEXICO ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 198

TABLE 239 MEXICO ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 199

TABLE 240 MEXICO ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 200

TABLE 241 MEXICO ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 201

TABLE 242 BRAZIL ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 201

TABLE 243 BRAZIL ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 202

TABLE 244 BRAZIL ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 202

TABLE 245 BRAZIL ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 203

TABLE 246 BRAZIL ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 204

TABLE 247 BRAZIL ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 205

TABLE 248 ARGENTINA ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 205

TABLE 249 ARGENTINA ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 206

TABLE 250 ARGENTINA ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 206

TABLE 251 ARGENTINA ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 207

TABLE 252 ARGENTINA ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 208

TABLE 253 ARGENTINA ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 209

TABLE 254 REST OF THE LATIN AMERICA ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 209

TABLE 255 REST OF THE LATIN AMERICA ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 210

TABLE 256 REST OF THE LATIN AMERICA ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 210

TABLE 257 REST OF THE LATIN AMERICA ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 211

TABLE 258 REST OF THE LATIN AMERICA ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 212

TABLE 259 REST OF THE LATIN AMERICA ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 213

TABLE 260 GLOBAL ALUMINUM MARKET FOR RECYCLED TYPE, 2020-2027 (USD MILLION) 215

TABLE 261 GLOBAL ALUMINUM MARKET FOR RECYCLED TYPE, 2020-2027 (KILOTON) 215

TABLE 262 GLOBAL RECYCLED ALUMINUM MARKET FOR PRODUCT, 2020-2027 (USD MILLION) 216

TABLE 263 GLOBAL RECYCLED ALUMINUM MARKET FOR PRODUCT, 2020-2027 (KILOTON) 217

TABLE 264 GLOBAL RECYCLED ALUMINUM MARKET FOR APPLICATION, 2020-2027 (USD MILLION) 218

TABLE 265 GLOBAL RECYCLED ALUMINUM MARKET FOR APPLICATION, 2020-2027 (KILOTON) 218

TABLE 266 MAJOR STAKEHOLDERS IN RECYCLING ALUMINUM INDUSTRY 220

TABLE 267 RECYCLED ALUMINUM: LEADING APPLICATION SHARE (2020) 221

TABLE 268 GLOBAL LEGISLATIVE FRAMEWORK FOR ALUMINUM INDUSTRY 223

TABLE 269 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET BY COUNTRY (USD MILLION) (2020-2027) 226

TABLE 270 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET BY COUNTRY (KILOTON) (2020-2027) 226

TABLE 271 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET FOR AEROSPACE & DEFENCE (USD MILLION) (2020-2027) 227

TABLE 272 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET FOR AEROSPACE & DEFENCE (KILOTON) (2020-2027) 227

TABLE 273 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET FOR CONSTRUCTION (USD MILLION) (2020-2027) 228

TABLE 274 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET FOR CONSTRUCTION (KILOTON) (2020-2027) 228

TABLE 275 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET FOR RAILWAYS (USD MILLION) (2020-2027) 229

TABLE 276 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET RAILWAYS (KILOTON) (2020-2027) 229

TABLE 277 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET FOR SPACECRAFTS (USD MILLION) (2020-2027) 230

TABLE 278 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET FOR SPACECRAFTS (KILOTON) (2020-2027) 230

TABLE 279 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET FOR ELECTRICAL (USD MILLION) (2020-2027) 231

TABLE 280 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET FOR ELECTRICAL (KILOTON) (2020-2027) 231

TABLE 281 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET FOR OTHERS (USD MILLION) (2020-2027) 232

TABLE 282 GLOBAL HIGH-END ALUMINUM ALLOYS MARKET FOR OTHERS (KILOTON) (2020-2027) 232

TABLE 283 KEY DEVELOPMENTS 234

TABLE 284 INDIA ALUMINIUM PRODUCTION CAPACITY, BY MANUFACTURERS (2020) 235

TABLE 285 KEY DEVELOPMENTS 238

18 List Of Figures

FIGURE 1 GLOBAL ALUMINUM MARKET: MARKET STRUCTURE 26

FIGURE 2 KEY TAKEAWAYS OF THE ALUMINUM MARKET 26

FIGURE 3 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 28

FIGURE 4 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 28

FIGURE 5 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2020 VS 2027) 29

FIGURE 6 SOUTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 29

FIGURE 7 MIDDLE EAST & AFRICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 30

FIGURE 8 ALUMINUM MARKET, BY REGION, 2020 30

FIGURE 9 RESEARCH PROCESS OF MRFR 32

FIGURE 10 TOP DOWN & BOTTOM UP APPROACHES 35

FIGURE 11 MARKET DYNAMICS OVERVIEW 37

FIGURE 12 DRIVERS IMPACT ANALYSIS 39

FIGURE 13 RESTRAINTS IMPACT ANALYSIS 40

FIGURE 14 SUPPLY CHAIN ANALYSIS 41

FIGURE 15 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL ALUMINUM MARKET 42

FIGURE 16 GLOBAL ALUMINUM MARKET BY TYPE (USD MILLION) (2020-2027) 47

FIGURE 17 GLOBAL ALUMINUM MARKET BY TYPE (KILOTON) (2020-2027) 48

FIGURE 18 GLOBAL ALUMINUM MARKET BY PRODUCT (USD MILLION) (2020-2027) 52

FIGURE 19 GLOBAL ALUMINUM MARKET BY PRODUCT (KILOTON) (2020-2027) 54

FIGURE 20 GLOBAL ALUMINUM MARKET BY APPLICATION (USD MILLION) (2020-2027) 74

FIGURE 21 GLOBAL ALUMINUM MARKET BY APPLICATION (KILOTON) (2020-2027) 75

FIGURE 22 GLOBAL ALUMINUM MARKET BY REGION (USD MILLION) (2020-2027) 87

FIGURE 23 GLOBAL ALUMINUM MARKET BY REGION (KILOTON) (2020-2027) 88

FIGURE 24 GLOBAL SPENDING ON THE CONSTRUCTION INDUSTRY, (2020-2027) 222

FIGURE 25 WORLD PRIMARY ALUMINUM MARKET BALANCE VS LONDON METAL EXCHANGE CASH PRICES

(MILLION TON VS $ M/TON; ANNUAL VS MONTHLY DATA) 241

FIGURE 26 PRIMARY ALUMINUM CASH COST OF PRODUCTION 242

FIGURE 27 CHINESE PRIMARY ALUMINIUM SMELTER PRODUCTION CASH COST* AND CAPACITY 242

Aluminum Market

Aluminum Market is projected to be worth USD 242.65 billion by 2030, registering a CAGR of 5.76% during the forecast period (2021 - 2030).

$242.65 billion

Market Size


5.76%%

CAGR


Asia Pacific

Dominating Region

2021 - 2030

Forecast Period

Segmentation

By Type Primary Secondary
By Product Flat Rolled Castings Extrusions Forgings Pigments & Powder Rod & Bar
By Application Building & Construction Transportation Foil & Packaging Electrical Machinery & Equipment Solar Industry Utensils Hardware & Accessories Others

Key Players

  • 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)

Drivers

  • the rapid increase in demand for this abundant base metal in China.
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Aluminum Market Overview

The aluminum market demand forecast is anticipated to show a 6.5% CAGR growth throughout the forecast period and touch a revenue estimate of USD 235.8 Billion by 2025. 


Companies in many industries use aluminum in a wide range of manufacturing processes. Some of these industries include automotive, electrical and electronics, building and construction, and aerospace. Aluminum is a strong and durable metal with a high tensile point. It’s also flexible and lightweight. Unlike as is the case with other metals aluminum won’t rust or corrode easily.


COVID-19 analysis 


COVID-19 is to the 21st century what the Bubonic Plague was to the 5th century and the Black Death was to the 14th century - a real game and destiny changer. COVID-19 is as dangerous as the bacteria that caused the Bubonic Plague and Black Death.


Governments around the world realized that COVID-19 was dangerous early on. The stats and evidence spoke the truth. Some people who got this virus had to be hospitalized because of breathing problems. A small minority of these people even died.


Governments around the world decided to contain the spread of the virus by imposing quarantines and lockdowns. Many companies and industries were adversely affected though since they were forced to either shut operations down temporarily or dramatically scale production back.


Fortunately, the global aluminum industry has not had to deal with this. The industry has been expanding rapidly, largely because aluminum is used to make breathing apparatuses in ventilators. There has been a dramatic rise in the number of ventilators that are being used because of COVID-19.


Competitive landscape


The global aluminum industry is very competitive. It’s also highly fragmented. The large concentration of companies of all sizes is attributing to this. Companies are finding that they can stay competitive if they invest heavily in research and development. This will allow them to develop and market newer and better aluminum products. Incidentally, they can justify charging more for these products if they market them well.


Companies are also finding that merging with and acquiring other successful companies is highly beneficial because it allows the resulting companies to tap into resources that they never had before. The same applies to knowledge. The resulting companies find that they have no trouble entering new markets. They are also able to do a much better job of solidifying their positions in existing markets.


The same that applies for mergers and acquisitions also applies when companies enter into strategic partnerships with other successful companies. Companies can justify charging more for new products that are better and were developed through more intensive investments in research and development after they merge with/acquire, and/or partner with other companies.


Alcoa Corporation is a major American player in the global aluminum industry. It has managed to cement its position by investing heavily in research and development. This allowed it to create the sustainable competitive advantage that it needed to become one of the top industry leaders.


List of companies



  • 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),

  • P. (Australia),

  • East Hope Group (China),

  • Emirates Global Aluminum (U.A.E.)


Market dynamics


Drivers


What’s been driving growth in the global aluminum industry has been the rapid increase in demand for this abundant base metal in China. Most industries in China belong to the government. Many of these industries are developing and growing rapidly. Hence, the need for more aluminum. Some of the sectors that use aluminum intensively in China include construction, packaging, transportation, and electrical. These four sectors combined consume about 60% of the total aluminum that the Chinese industry uses every year.


The government is working hard to make aluminum more accessible to Chinese industrialists. Its outcome will play a huge role in driving growth in the global aluminum industry.


Opportunities


Aluminum is strong, doesn’t melt or warp easily when subjected to hot temperatures, and is flexible. It’s also lightweight, doesn’t rust or corrode easily, and is an excellent conductor of heat and electricity.


Aluminum is relatively inexpensive and that’s why the global automotive industry is increasingly choosing to use it. Aluminum processors around the world realize this. That’s why they’re investing heavily in research and development to try to create newer generations of aluminum products that are superior in all of the above-mentioned qualities and have a much lower price point.


Restraints


There are a few factors that are holding back growth in the global aluminum industry. One of these is the fact that mining and processing bauxite into aluminum is not environmentally friendly at all. Many processors of aluminum are addressing this fact by making and selling secondary aluminum. The trouble is that this could hold back growth in the aluminum market in both the short and long-term.


Challenges


One of the biggest challenges that the global aluminum industry faces is decarbonization. Most companies in the aluminum industry are under immense pressure to make their processes greener. They can do this only if they use low-carbon steel which happens to be of inferior quality.


Cumulative growth analysis


The CAGR for the global aluminum industry is 6.5%, The aluminum market value is projected to be USD 235.8 billion by 2025.


Technology analysis


Alcoa Corporation is a major player in the global aluminum industry. It solidified this position and became one of the industry leaders by investing heavily in research and development. This allowed it to develop a new generation of aluminum products that were superior and had a lower price point. Alcoa was also able to create a sustainable competitive advantage by doing this.


Segment overview


By type


The global aluminum industry can be grouped into the following sub-segments by type:



  • Primary aluminum

  • Secondary aluminum


It’s the primary sub-segment that has most of the aluminum market share for this sector at 61.8% according to 2018 numbers. That said, the secondary aluminum sub-segment is expected to have a higher CAGR.


By product


The global aluminum industry can be grouped into the following sub-segments based on product:



  • Extrusion

  • Flat-rolled


The extrusion sub-segment had the highest market share in 2018 while the flat-rolled sub-segment is projected to have the highest CAGR.


By application


The building and construction industry had 30% of the overall aluminum market share in 2018. This industry is expected to have the highest CAGR for the time period that this report covers. The projected CAGR is 6.7%.


It’s a large growth in the building and construction industry in the European Union (in general), China, India, The Philippines, and Indonesia that’s driving demand and growth for the global aluminum industry.


Many developing nations are also investing heavily in terms of developing their infrastructure.  Some of these countries include South Africa, India, China, the Philippines, and Indonesia. These nations are also developing at a rapid pace. More people around the world are driving motor vehicles so the growth in the global automotive industry is also expected to drive growth in the global aluminum industry.


Regional analysis


The global aluminum industry can be divided into the following regions:



  • Asia-Pacific

  • North America

  • The European Union

  • The Middle East and North Africa

  • Latin America


The Asia-Pacific region had the largest regional market share in 2018. It’s expected to have this edge for the entire time period that this report covers. China alone consumed 57% of the aluminum that the entire Asia-Pacific region used in 2018. The nation is expected to record an impressive CAGR of 7% in terms of aluminum consumption.


There are many factors that are accounting for this. They are rapid and vast industrialization, rapid and vast urbanization, increased investment and activity in the construction of buildings and infrastructure, and expansion in the automotive industry.


India itself is seeing respectable growth in terms of year-on-year aluminum consumption. What is accounting for this is an increase in automobile production and construction.


The demand for cars is going up dramatically in the European Union. In fact, it collectively has the second-highest aluminum market share. Many European nations are recovering economically. Their citizens are wanting to buy more automobiles as this happens.


The Middle East and North Africa are expected to register a CAGR of 6.5% until 2025. What’s driving this growth is rapid industrialization and increased investment in construction projects. Many Middle Eastern nations still have vast oil and gas reserves. This is expected to increase demand for aluminum dramatically.


Mexico and Brazil are investing heavily in their aerospace and automotive industries. It’s this activity that’s expected to drive demand and hence a relatively high CAGR for the entire region until 2025.Recent Developments


Recent developments


November 2021: Saturnose unveiled plans to commercialize a solid-state, rechargeable aluminum battery after releasing the results of independent testing of its Enhanced Altered Aluminum Ion (Ea2I) battery chemistry. When it launches next year, it is expected to be the world's first commercial-grade aluminum-ion solid-state battery, paving the way for a lengthy, sluggish transition away from the riskier lithium-ion battery chemistry.

November 2021: Rio Tinto invested USD 87 million in its AP60 smelter in the Saguenay-Lac-Saint-Jean area of Québec to expand its low-carbon aluminum production in Canada with 16 new smelting cells. The investment will boost smelter production by about 45 percent, or 26,500 metric tons of primary aluminum per year, to 86,500 metric tons. According to Rio Tinto, the global aluminum market will increase at a compound annual growth rate of 3.3 percent over the next decade, driven by robust demand from the energy transition and decarbonization.

Dec 2020 The current advances on the exterior inactivity of COVID, the Centre for Biomedical Technologies at Queensland University of Technology (CBT-QUT) has positively wet-etched a nanostructure with a breadth of 21-25 nm onto an aluminum 6063 alloy plane. This verified the idleness of COVID-19 in six hours on tough antiviral nanostructured surfaces. Cicada's Antimicrobial Nanotechnology Solution for COVID-Free Surfaces has given outstanding promise in sustaining public places safe from COVID-19 and is an excellent foundation for research should another pandemic happen in the future. 


Dec 2020 Hindalco Industries Ltd. has invigorated a USD 947 million plan to make more value-added aluminum products as the Indian market recuperates from the coronavirus contagion. The firm will kick off its continuing downstream investment strategy by establishing up a 34,000-ton aluminum extrusion scheme in Silvassa's western Indian city, with manufacture expected to start in two years.

Jan 2021 Investment opportunities are ripe in India owing to the surfeit of bauxite reserves in the country. The lax policies regarding mining and production of aluminum and its respective alloys make it a viable region for infusing capital.

2021 High trade tariffs imposed on China owing to its dumping of products at low prices on European and American shores provides an opportunity for other manufacturers to expedite its production and capitalize on export activities. But this has not deterred smelting production in China, with producers such as Chinalco planning to invest nearly USD 8.4 Bn to commence the construction of new units.

Report overview


The CAGR for the global aluminum industry is projected to be 6.5% for the time period that this report covers. The aluminum market value is expected to be USD 235.8 billion in 2025. The Asia-Pacific region is growing the fastest.

Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2025: USD 235.8 Billion
  • 2030: Significant value

    		•
      CAGR   6.5% (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Type, Application and Region
      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   Use Of Aluminum Die Cast Products In The Automotive Industry
      Key Market Drivers   Increasing Demand For Aluminum In China


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    Frequently Asked Questions (FAQ) :

    The aluminum market is predicted to grow at a 6.5% CAGR between 2017-2025.

    The global aluminum market is predicted to touch USD 235.8 billion by 2025.

    Asia-Pacific

    Emirates Global Aluminum (UAE), East Hope Group (China), BHP (Australia), China Hongqiao (China), China Aluminum Corporation (China), Vedanta Ltd. (India), Century Aluminum Company (US), Aluminum Bahrain B.S.C. (Bahrain), Dubai Aluminum Company Limited (U.A.E), Norsk Hydro ASA (Norway), RUSAL (Russia), Rio Tinto (Australia), and Alcoa Corporation (US).

    The availability of high-quality substitutes with a lower price point and the fact that commodities prices are always changing dramatically.