Global Aluminum Market Outlook to 2027
Aluminum, a silvery-grey non-magnetic metal with atomic number 13 and chemical symbol Al, is the third most abundant element on Earth's crust, mainly exists in +3 oxidation state. According to BlueQuark Research & Consulting, the global Aluminum market is expected to witness a significant growth rate during the forecasted period. The increasing usage of Aluminum in the Automobile industry owing to its low cost, decreased carbon dioxide emissions, the need for Electric Vehicles to achieve a light-weighted structure, and a better driving range are expected to drive the Global Aluminum market. In addition to this, Aluminum's high resistance to corrosion and its weight is one-third of steel make it a commendable choice for manufacturing aircraft, which ensures the safety of passengers and leads to the production of robust and fuel-efficient aircraft is projected to drive the Global Aluminum market. Further, Aluminum is used to produce packaging, which protects food and pharmaceuticals from getting spoilt by acting as a total barrier to light, oxygen, germs, moisture, and long-life packaging that allows storing without refrigeration are more in demand is estimated to drive the Global Aluminum market. However, environmental concerns related to mining, tough competition by alternatives, fluctuations in the price of raw materials, explosive in powdered form makes the workplace accident-prone, the health of humans is adversely affected by its exposure causing ailments such as headaches, rashes, asthma, inhalation causing pulmonary fibrosis is expected to hinder the growth of the global market.
Aluminum is ductile, making it suitable for the manufacturing of aircraft and spacecraft components, ships, trains, personal vehicles, its malleability and versatility has brought a revolution in the construction of high-building and skyscrapers along with contribution to energy saving in the industries producing consumer durables such as refrigerators, air conditioners, washing machines, etc.
The automotive industry is the vital consumer of Aluminum and is expected to drive the Global Aluminum industry. The rising awareness due to excesses pollutants emitted by vehicles and reducing fossil fuels reserves has escalated the use of Aluminum in the construction of components such as engines, transmissions, suspension, wheels, brake components, frames, etc as it maintains weight to fuel consumption balance, the Global market for Aluminum is bound to bolster. In addition to this, the industry heavily relies on Aluminum for its utilization in the large crush zones of the vehicles because it allows shorter stopping distance, and it can create a difference between near miss or deadly collision and is essential for the creation of safer automobiles for the users. According to Tesla, an automobiles manufacturer, its total revenue grew 57% year-on-year in Q3 of 2021, primarily achieved through growth in vehicle delivery, and operating income grew to USD 2 Billion compared to the same period last year. Further, Aluminum is recycled, and its properties remain unchanged, and only 5 percent of energy is utilized compared to extraction from ores, and even an automotive sheet from a vehicle is recycled at the end of its life. Therefore, all these factors have made Aluminum an asset in the global market.
Some of the market's key players are China Power Investment Corporation, Rio Tinto, Alcoa Corporation, Emirates Global Aluminum, China Hongqia Group Ltd., Novelis Inc., among others.
The Asia Pacific region is poised to be the leader in the production and the subsequent consumption of Aluminum, with most of the consumption in countries like China and India. The region comprises some of the most populated countries witnessing industrialization, and these countries' regulatory bodies of these countries to match the residential sector mainly because of the fast-paced growth in the Construction sector. In addition to this, China is the largest producer of electronics and products such as tablets, wires, smartphones, earphones, etc they are manufactured for domestic consumption and exported to other countries worldwide. Further, the densely populated region requires large figures of automobiles for personal and commercial use, along with this, the region is home to the most valuable manufacturers such as Toyota, Nissan, Mazda, Hyundai, Kia, etc and electric vehicles are becoming prolifically popular here as well.
In December 2021, RUSAL, a Russia -based global Aluminum manufacturer, opened the first phase of its low-carbon aluminum production plant, Taishet Aluminum Smelter (TaAZ), in Taishet, Siberia.
In October 2021, Novelis announced the introduction of new design innovations with Generation second of its lightweight electric vehicle (EV) battery enclosure solution for the rapidly growing Electric vehicle market.
Global Aluminum Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Industrial Aluminum by segmenting based on the type (Primary, Secondary), Processing Method ( Flat Method, Castings, Extrusions, Forgings, Pigments and Powder, Rod and Bar, Steel and Plates, Others), End-User Industry (Automotive, Aerospace, Building and Construction, Foil and Packaging, Others) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Aluminum is ductile, making it suitable for the manufacturing of aircraft and spacecraft components, ships, trains, personal vehicles, its malleability and versatility has brought a revolution in the construction of high-building and skyscrapers along with contribution to energy saving in the industries producing consumer durables such as refrigerators, air conditioners, washing machines, etc.
The automotive industry is the vital consumer of Aluminum and is expected to drive the Global Aluminum industry. The rising awareness due to excesses pollutants emitted by vehicles and reducing fossil fuels reserves has escalated the use of Aluminum in the construction of components such as engines, transmissions, suspension, wheels, brake components, frames, etc as it maintains weight to fuel consumption balance, the Global market for Aluminum is bound to bolster. In addition to this, the industry heavily relies on Aluminum for its utilization in the large crush zones of the vehicles because it allows shorter stopping distance, and it can create a difference between near miss or deadly collision and is essential for the creation of safer automobiles for the users. According to Tesla, an automobiles manufacturer, its total revenue grew 57% year-on-year in Q3 of 2021, primarily achieved through growth in vehicle delivery, and operating income grew to USD 2 Billion compared to the same period last year. Further, Aluminum is recycled, and its properties remain unchanged, and only 5 percent of energy is utilized compared to extraction from ores, and even an automotive sheet from a vehicle is recycled at the end of its life. Therefore, all these factors have made Aluminum an asset in the global market.
Some of the market's key players are China Power Investment Corporation, Rio Tinto, Alcoa Corporation, Emirates Global Aluminum, China Hongqia Group Ltd., Novelis Inc., among others.
The Asia Pacific region is poised to be the leader in the production and the subsequent consumption of Aluminum, with most of the consumption in countries like China and India. The region comprises some of the most populated countries witnessing industrialization, and these countries' regulatory bodies of these countries to match the residential sector mainly because of the fast-paced growth in the Construction sector. In addition to this, China is the largest producer of electronics and products such as tablets, wires, smartphones, earphones, etc they are manufactured for domestic consumption and exported to other countries worldwide. Further, the densely populated region requires large figures of automobiles for personal and commercial use, along with this, the region is home to the most valuable manufacturers such as Toyota, Nissan, Mazda, Hyundai, Kia, etc and electric vehicles are becoming prolifically popular here as well.
In December 2021, RUSAL, a Russia -based global Aluminum manufacturer, opened the first phase of its low-carbon aluminum production plant, Taishet Aluminum Smelter (TaAZ), in Taishet, Siberia.
In October 2021, Novelis announced the introduction of new design innovations with Generation second of its lightweight electric vehicle (EV) battery enclosure solution for the rapidly growing Electric vehicle market.
Global Aluminum Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Industrial Aluminum by segmenting based on the type (Primary, Secondary), Processing Method ( Flat Method, Castings, Extrusions, Forgings, Pigments and Powder, Rod and Bar, Steel and Plates, Others), End-User Industry (Automotive, Aerospace, Building and Construction, Foil and Packaging, Others) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
3. Market Analysis
4. Industry Analysis
5. Market Segmentation & Forecast
5.1 By
Type
5.1.1 Primary
5.1.2 Secondary
5.2 By
Processing Method
5.2.1 Flat Method
5.2.2 Castings
5.2.3 Extrusions
5.2.4 Forgings
5.2.5 Pigments and Powder
5.2.6 Rod and Bar
5.2.7 Steel and Plates
5.2.8 Others
5.3 By
End-User Industry
5.3.1 Automotive
5.3.2 Aerospace
5.3.3 Building and
Construction
5.3.4 Foil and Packaging
5.3.5 Others
6. Regional Market Analysis
6.1
North America
6.1.1
United States
6.1.2
Canada
6.1.3
Mexico
6.2 Europe
6.2.1
United Kingdom
6.2.2
Germany
6.2.3
Italy
6.2.4
France
6.2.5 Russia
6.2.6
Rest of Europe
6.3
South America
6.3.1
Brazil
6.3.2
Argentina
6.3.3
Rest of South America
6.4
Asia-Pacific
6.4.1
China
6.4.2
India
6.4.3
Japan
6.4.4
South Korea
6.4.5
Rest of Asia-Pacific
6.5
Middle East & Africa
6.5.1
Saudi Arabia
6.5.2
South Africa
6.5.3
Rest of Middle East & Africa
7. Key Company Profiles
7.1 China Power Investment
Corporation
7.2 Rio
Tinto
7.3 Alcoa
Corporation
7.4 Emirates Global Aluminum
7.5 Aluminium
Corporation of China Limited
7.6 China
Hongqia Group Ltd.
7.7 Novelis
Inc.
7.8 Ruscal
7.9 East Hope Group Company Limited
7.10 Aluminium
Bahrain
7.11 Norsk Hydro ASA
7.12 Vedanta
Limited
7.13 Xingfa Aluminium Group
7.14 Hindalco Industries Limited
7.15 National Aluminium Company
Limited* List of companies is not exhaustive
8. Competitive Landscape
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Trade Analysis
3.7 Price Trend Analysis
3.8 Supply Analysis
3.9 Regulatory Policies
3.10 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By
Type
5.1.1 Primary
5.1.2 Secondary
5.2 By
Processing Method
5.2.1 Flat Method
5.2.2 Castings
5.2.3 Extrusions
5.2.4 Forgings
5.2.5 Pigments and Powder
5.2.6 Rod and Bar
5.2.7 Steel and Plates
5.2.8 Others
5.3 By
End-User Industry
5.3.1 Automotive
5.3.2 Aerospace
5.3.3 Building and
Construction
5.3.4 Foil and Packaging
5.3.5 Others
6. Regional Market Analysis
6.1
North America
6.1.1
United States
6.1.2
Canada
6.1.3
Mexico
6.2 Europe
6.2.1
United Kingdom
6.2.2
Germany
6.2.3
Italy
6.2.4
France
6.2.5 Russia
6.2.6
Rest of Europe
6.3
South America
6.3.1
Brazil
6.3.2
Argentina
6.3.3
Rest of South America
6.4
Asia-Pacific
6.4.1
China
6.4.2
India
6.4.3
Japan
6.4.4
South Korea
6.4.5
Rest of Asia-Pacific
6.5
Middle East & Africa
6.5.1
Saudi Arabia
6.5.2
South Africa
6.5.3
Rest of Middle East & Africa
7. Key Company Profiles
7.1 China Power Investment
Corporation
7.2 Rio
Tinto
7.3 Alcoa
Corporation
7.4 Emirates Global Aluminum
7.5 Aluminium
Corporation of China Limited
7.6 China
Hongqia Group Ltd.
7.7 Novelis
Inc.
7.8 Ruscal
7.9 East Hope Group Company Limited
7.10 Aluminium
Bahrain
7.11 Norsk Hydro ASA
7.12 Vedanta
Limited
7.13 Xingfa Aluminium Group
7.14 Hindalco Industries Limited
7.15 National Aluminium Company
Limited* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
List of Tables & Figures
Abbreviations
Additional
Notes
Disclaimer
LIST OF TABLES
Global Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
North America Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
United States Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Canada Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Mexico Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Europe Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Other Supporting Charts
United Kingdom Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Germany Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Italy Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
France Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Russia Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Europe Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South America Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Brazil Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Argentina Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of South America Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Asia-Pacific Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
China Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
India Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Japan Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Korea Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
ASEAN Countries Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Asia-Pacific Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Middle East & Africa Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Saudi Arabia Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Africa Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Middle-East & Africa Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Automotive - Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Aerospace - Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Building and Construction - Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Foil and Packaging - Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Others - Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Global Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
North America Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
United States Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Canada Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Mexico Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Europe Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Other Supporting Charts
United Kingdom Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Germany Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Italy Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
France Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Russia Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Europe Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South America Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Brazil Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Argentina Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of South America Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Asia-Pacific Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
China Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
India Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Japan Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Korea Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
ASEAN Countries Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Asia-Pacific Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Middle East & Africa Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Saudi Arabia Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Africa Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Middle-East & Africa Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Automotive - Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Aerospace - Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Building and Construction - Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Foil and Packaging - Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Others - Aluminum Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
