Technavio has announced the top six leading vendors in their recent global aluminum foils market report until 2020. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
At present, the global aluminum foils market is dominated by the top six market vendors including Alcoa, Ess Dee Aluminium, GARMCO, Hindalco Industries, Norsk Hydro, and RUSAL. However, with an increase in the number of new players, the market shares for these top vendors are declining and are being shared by the new players.
Chandrakumar Badala Jaganathan, a lead analyst at Technavio for research on metals and minerals, says, “To stay competitive in the market, aluminum foil producers are adapting new technologies to reduce carbon emission during the production process. For instance, Norsk Hydro uses catalytic exhaust air treatment technology that is applicable for all foil annealing furnaces. This helped in reducing odor in process exhaust, carbon emission, and energy cost.”
In addition, due to the increase in the cost of electricity, vendors are shifting toward alternative sources of energy. For instance, to reduce energy cost, RUSAL has planned a project for the construction of a gas-powered electrical generator at Ural Foil (foil mill) to produce its own heat and power for the pant.
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About the top six aluminum foils market vendors
Alcoa was established in 1888 and is headquartered in New York, New York, US. The company engineers and manufactures innovative lightweight metals such as aluminum, titanium, and nickel. Its products are used in automobiles, aircraft, packaging, building and construction, commercial transportation, oil and gas, defense, consumer electronics, and industrial applications.
By the second half of 2016, the company intends to separate operations into two independent entities, as part of the multi-year transformation program. Its newly formed entity, Upstream will include five business units such as bauxite, alumina, aluminum, casting, and energy. These units are currently operating under its global primary products unit. The second independent entity will operate as Arconic and offer global rolled products, transportation and construction solutions, and engineered products and solutions.
Ess Dee Aluminium
Ess Dee Aluminium was founded in 1991 and is headquartered in Mumbai, Maharashtra, India. The company engages in the production of primary packaging solutions to diverse industries such as food, pharmaceuticals, and consumer goods.
The company, through its advanced packaging solutions segment, provides primary packaging materials to the food, pharmaceuticals, and fast-moving consumer goods sector. It produces technologically advanced products that are designed in adherence to quality standards and as per customer specifications. It operates six manufacturing facilities located in Daman, Goa, and Kolkata.
GARMCO was founded in 1981 and is headquartered in Manama, Bahrain. The company engages in rolling, cutting, and fabricating aluminum for high-quality aluminum FRP. It operates through a network of 16 subsidiaries and affiliate companies located in Asia, the Middle East, Australia, Europe, and the US. It produces products that are in adherence to ISO 9001:2008, ISO 18001:2007, ISO 14001:2004, ISO 27001:2005, and ISO 22301:2012 for quality management system.
Hindalco Industries was founded in 1958 and is headquartered in Mumbai, Maharashtra, India. The company is an integrated aluminum manufacturer and operates bauxite mines and engages in the refining of alumina. It carries out business activities through two segments, copper, and aluminum. It also engages in the smelting of alumina into aluminum and the production of semi-fabricated rolled and extruded products. Its product offering includes aluminum ingots, rolled flat steel, and steel rods products. The company operates as part of Aditya Birla Group.
Norse Hydro was established in 1905 and is headquartered in Skoyen, Oslo, Norway. The company is an integrated aluminum company that is involved in the production and supply of alumina and aluminum products. It provides aluminum products to diverse industries such as building, automotive, packaging, lithographic, and transportation. It operates production facilities in Australia, Brazil, Europe, Canada, and Qatar.
RUSAL was formed in 2007 and is headquartered in Moscow, Russia. The company undertakes the production and sale of aluminum and related products. Its products include primary aluminum, aluminum alloys, bauxite and alumina, high-purity aluminum, aluminum coarse and fine powders, foil and packaging, silicon, chemical products, corundum, gallium, and wire rods. The company operates through four segments: aluminum, alumina, energy and mining, and metals. Of these segments, aluminum and alumina are considered as core segments of the company.
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Source : businesswire.com