According to the latest report by IMARC Group, titled, “Aluminium Market Size: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“,The global aluminium market is expected to exhibit a CAGR of 5.66% during 2022-2027
Aluminium (Al) represents a silver-white metallic chemical element. It is malleable, durable, strong, lightweight, flexible, resistant to corrosion and oxidation, etc. Aluminium has excellent electrical as well as thermal conductivity and high reflectivity. In addition to this, it forms compounds with other chemical elements easily, thereby making it popular for use in several applications. Aluminium is extensively utilized in cans, foils, electronic components, airplane parts, kitchen utensils, window frames, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Aluminium Market Trends:
The escalating demand for ready-to-eat (RTE) food items is primarily driving the aluminium market. Additionally, the widespread adoption of AI in various industries, such as construction, packaging, food and beverage (F&B), automotive, etc., is further catalyzing the market growth. Besides this, the growing sales of beauty and personal care products, on account of the increasing focus on appearance and the rising influence of social media, are augmenting the need for aluminium that assists in packing and protecting cosmetic products from contamination during storage and shipping. This, in turn, is propelling the global market. Moreover, the elevating utilization of this element in the production of medications, including capsules, creams, lotions, liquid, powders, etc., is acting as another significant growth-inducing factor. Apart from this, government bodies across countries are also implementing numerous stringent regulations to limit the usage of plastics, owing to the inflating consumer environmental concerns, which is anticipated to fuel the aluminium market over the forecasted period.
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Aluminium Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alcoa Corporation, Aluminium Bahrain BSC, Century Aluminium Company, China Hongqiao Group Limited, East Hope Group, Emirates Global Aluminium PJSC, Kaiser Aluminium, Norsk Hydro ASA, Novelis Inc. (Hindalco Industries Limited), Rio Tinto Ltd. and Vedanta limited.
The report has segmented the market on the basis on series, processing method and end use industry.
Breakup by Series:
- Series 1
- Series 2
- Series 3
- Series 4
- Series 5
- Series 6
- Series 7
- Series 8
Breakup by Processing Method:
- Flat Rolled
- Pigments and Powder
- Rod and Bar
Breakup by End Use Industry:
- Building and Construction
- Electrical Engineering
- Consumer Goods
- Foil and Packaging
- Machinery and Equipment
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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