Aluminium Metals Market Projected to Post USD 1,60,696.1 Million Revenue by 2022
10 July 2017
Market Research Future has a Cooked Research Report on Aluminium Metals Market. Global Aluminium Metals Market was valued at USD 1, 12,487.9 million in 2015 and is estimated to reach USD 1, 60,696.1 million by 2022, expanding at a CAGR of 5.3% from 2016 to 2022.
The 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.
Based on types, primary aluminium accounts for largest market share, with wide application of primary aluminium across miscellaneous industries such as, automotive, construction, electrical and packaging among others. These industries are expected to grow in forecasted period due to rise in consumption rate and growing population. The use of aluminium in automotive manufacturing is accelerating owing to its distinct characteristics and properties such as lightweight, durability, recyclability and strength among other properties, with a positive output on the overall performance of vehicle such as, fuel efficiency, safety, less maintenance and reduced emission. Thus, increasing use of aluminium in automotive components coupled with growth in automotive production is one of the prominent market driving factor adding value to the global aluminium market. Furthermore, the application of aluminium across various transportation sector such as railroad, marine and aerospace as a replacement for steel in the above mentioned transportation sectors can be further attributed to Aluminium Metal Market growth.
Global Aluminium Metals Market Players:
The major participants of this market are:
• Aluminium Corporation of China Ltd.
• Rio Tinto Alcan Inc.
• Norsk Hydro ASA
• Alcoa, Inc.
• China Hongqiao Group Limited
• Emirates Global Aluminium PJSC
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.
• Aluminium metals producers
• Traders and distributors
• Association and government bodies.
• Application industries
• Electronic manufacturers
• Research institute
The report for Global Aluminium Metals Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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