Pune, India, January, 2019 /MRFR Press Release/- Market research future has a cooked research report on global Aluminium Metals market. The global market for Aluminium Metals is growing moderately at CAGR of 5.3%
Global Aluminium Metals Market has been evaluated as moderate growing market and expected that the market will reach high growth figures. Aluminium is a lightweight metal, which is produced from bauxite. Bauxite is rich in aluminium oxides, which is melted and electrolyzed to produce primary aluminium. It is widely used across various industries for applications such as, cans, foils, utensils, frames, and structure among other applications. Recycled aluminium can be defined as the scrap aluminium obtained from the primary aluminium while casting, cutting and millings, generally termed as new scrap.
The other sources of recycled scrap is from end-of-life aluminium products such as, foils, scrap vehicles and aluminium cans among others. Developed nations have minimized its use of primary aluminium and are more inclined towards use of recycled aluminium, which in turn is contributing to the economic growth and environmental harmony, this trend is being slowly adapted by the developing nations with establishment of new recycling facilities in these regions.
Market Research Future (MRFR) recognizes the following companies as the key players in the Global Aluminium Metals Market: RUSAL, Aluminium Corporation of China Ltd., Rio Tinto Alcan Inc., Norsk Hydro ASA, Alcoa, Inc., China Hongqiao Group Limited, and Emirates Global Aluminium PJSC
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Aluminium Metals Market Introduction:
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: the prominent factors attributed with Aluminium Metals market growth are, rise in automotive production coupled with increasing use of Aluminium in vehicle manufacturing. Rapid urbanization in the developing economies with rigorous infrastructural development and regaining stability of housing market in the mature markets can be attributed to the overall growth of global Aluminium metals market.
Furthermore, in line with the rapid urbanization and industrialization, the electrical and power supply needs to be addressed, with significant application of Aluminium in electric wires and transmission lines, the demand from electrical sector is anticipated add further value to the Global Aluminium Metals Market. On the plus side, replacement of copper with Aluminium as conductors, owing to the economic benefits and light weight properties of Aluminium is expected to further propel the demand for Aluminium in electrical sector.
Apart from the above mentioned factors, demand for Aluminium among the food packaging industry, equipment manufacturers, and consumer goods among other applications is anticipated to further augment the demand for Aluminium metals globally. Some of the factors which hamper the growth of Aluminium metals are oversupply of primary Aluminium leading to declining prices and rapidly growing demand for recycled Aluminium as substitute for primary Aluminium.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Aluminium Metals Market Regions:
The market is classified and analyzed on the basis of various segments including geographies, which consist of; North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa Out of all, Asia-Pacific accounts for the largest share in the market in terms of volume and value. These share is attributed due to urbanization and industrialization in this region. Countries like China, India and South Korea are developing countries and accounts for largest share due to ongoing infrastructural development coupled with a growing end-use industries for Aluminium Metals. Europe accounts for second largest share in this market, increasing adoption of Aluminium among the automotive manufacturers is fuelling the market in Europe, and regained stability of housing sector in the region.
The Global Aluminium Metals Market is majorly segmented on the basis of types and application. Based on types, the market is segmented into primary aluminium and recycled aluminium. Further on the basis of application the market is classified into automotive & transportation, construction, foil & packaging, electrical, consumer goods & others.
Table Of Contents
TABLE 1 IMPACT ANALYSIS: DRIVERS
TABLE 2 RESTRAINS IMPACT ANALYSIS
TABLE 3 TRENDS & OPPORTUNITIES IMPACT ANALYSIS
TABLE 4 GLOBAL ALUMINIUM METALS MARKET, BY TYPE, (2017-2025) (USD MILLION)
TABLE 5 GLOBAL ALUMINIUM METALS MARKET, BY TYPE, (2017-2025) (‘000 TONS)
TABLE 6 GLOBAL PRIMARY ALUMINIUM MARKET FOR ALUMINIUM METALS MARKET, BY REGIONS (2017-2025) (USD MILLION)
TABLE 7 GLOBAL PRIMARY ALUMINIUM MARKET FOR ALUMINIUM METALS MARKET, BY REGIONS (2017-2025) (‘000 TONS)
TABLE 8 NORTH AMERICA PRIMARY ALUMINIUM MARKET FOR ALUMINIUM METALS MARKET, BY COUNTRY (2017-2025) (USD MILLIONS)
TABLE 9 NORTH AMERICA PRIMARY ALUMINIUM MARKET FOR ALUMINIUM METALS MARKET, BY COUNTRY (2017-2025) (‘000 TONS)
TABLE 10 EUROPE PRIMARY ALUMINIUM MARKET FOR ALUMINIUM METALS MARKET, BY COUNTRY (2017-2025) (USD MILLIONS)
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