Acumen Research and Consulting estimates that global Aluminum market is expected to reach the market value of around US$ 190 Bn by 2027 and is anticipated to grow at a CAGR of around 3% in terms of revenue during the forecast period 2020 – 2027.
Aluminum features high conductivity, ductility and moulding characteristics. The use of metals in many finishing industries was strongly encouraged, thus increasing the global aluminum industry. Further, because of its light weight and resistance to corrosion, aluminum is commonly used in the building industry. It's also used as a strong electrical conductivity in electrical transmission lines. As a result, metal production has increased and the market for aluminum is thus boosted. In the automotive and food industry, aluminum has different applications. The growth of the global market in aluminum has therefore contributed greatly to the expansion of these industries. In addition, technological developments and the urbanization of the aluminum market have led to expansion.
The report provides analysis of global Aluminum market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Insights
Developments in the transport industry, technological advances in aluminum manufacturing technology and in processing equipment and growing aluminum use in various industries, such as the building and construction industry drive the global aluminum market growth. In terms of growth, mounting people's incomes and rapid industrialization & urbanization increase the demand for aluminum and in turn contribute to the market growth. Moreover, steady development in transport and R&D activities to produce new, more efficient and cheaper aluminum goods drive demand growth. Increased competition from replacements and fluctuations in raw materials prices like alumina are factors that limit the growth of the aluminum market. Demand growth from developing economies like China and India and the rise of the recycled use of aluminum goods worldwide provide lucrative business expansion opportunities. Reducing energy demand is one of aluminum industry's biggest challenges.
Regional Stance
Asia Pacific region is anticipated to dominate the market led by China. Leading to rapid urbanization and industrial growth, China accounted for the largest aluminum demand share on the Asia Pacific aluminum industry in 2019. The main tactics used by Chinese producers to grow their market share include new product launches, capacity expansion and acquisitions. The Chinese National Environmental Plan for CO2 Reduction and Industrial Energy Effectiveness Expanded the development of several aluminum smelters in China. The latest regulations allow an energy consumption of less than 13,200 kWh in ingots and 12,750 kWh in liquid for upgraded and existing aluminum smelters. The major approaches used by Korean producers for growing the share in the aluminum industry are product advancement and capability expansion.
North America retained a substantial share in the aluminum industry. The involvement of existing end-user industries, including transport and manufacturing are key drivers of the market. In addition, during the span of projection, the USA is projected to remain dominant as the major players in the expansion of aluminum supply are rising investment to meet increased demand.
Report coverage
The market research study on “Aluminum Market (Aluminum Market By Processing: Forgings, Castings, Flat Rolled, Pigments & Powder, Extrusions, Rod & Bar; Aluminum Market By Series: Series 8, Series 7, Series 6, Series 5, Series 4, Series 3, Series 2, Series 1; Aluminum Market By End Use: Building & Construction, Transport, Consumer Goods, Machinery & Equipment, Electrical Engineering, Foil & Packaging, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Aluminum market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Aluminum market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Aluminum market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Aluminum market is segmented as below:
Market Segmentation
Aluminum Market By Processing
Forgings
Castings
Flat Rolled
Pigments & Powder
Extrusions
Rod & Bar
Aluminum Market By Series
Series 8
Series 7
Series 6
Series 5
Series 4
Series 3
Series 2
Series 1
Aluminum Market By End Use
Building & Construction
Transport
Consumer Goods
Machinery & Equipment
Electrical Engineering
Foil & Packaging
Others
Aluminum Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players and Market Situation
Participants include major global players such Emirates Global Aluminum PJSC, Alcola Corporation, Aluminum Corporation, RioTinto, RUSAL, Kaiser Aluminum Corporation of China Limited, and Others.
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Aluminum
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Aluminum Market By Processing
1.2.2.1. Global Aluminum Market Revenue and Growth Rate Comparison By Processing(2020-2027)
1.2.2.2. Global Aluminum Market Revenue Share By Processing in 2019
1.2.2.3. Forgings
1.2.2.4. Castings
1.2.2.5. Flat Rolled
1.2.2.6. Pigments & Powder
1.2.2.7. Extrusions
1.2.2.8. Rod & Bar
1.2.3. Aluminum Market By Series
1.2.3.1. Global Aluminum Market Revenue and Growth Rate Comparison By Series (2020-2027)
1.2.3.2. Global Aluminum Market Revenue Share By Series in 2019
1.2.3.2.1. Series 8
1.2.3.2.2. Series 7
1.2.3.2.3. Series 6
1.2.3.2.4. Series 5
1.2.3.2.5. Series 4
1.2.3.2.6. Series 3
1.2.3.2.7. Series 2
1.2.3.2.8. Series 1
1.2.4. Aluminum Market By End Use
1.2.4.1. Global Aluminum Market Revenue and Growth Rate Comparison By End Use(2020-2027)
1.2.4.2. Global Aluminum Market Revenue Share By End Use in 2019
1.2.4.2.1. Building & Construction
1.2.4.2.2. Transport
1.2.4.2.3. Consumer Goods
1.2.4.2.4. Machinery & Equipment
1.2.4.2.5. Electrical Engineering
1.2.4.2.6. Foil & Packaging
1.2.4.2.7. Others
1.2.5. Aluminum Market By Geography
1.2.5.1. Global Aluminum Market Revenue and Growth Rate Comparison by Geography (2020-2027)
1.2.5.2. North America Aluminum Market Revenue and Growth Rate(2020-2027)
1.2.5.3. Europe Aluminum Market Revenue and Growth Rate(2020-2027)
1.2.5.4. Asia-Pacific Aluminum Market Revenue and Growth Rate(2020-2027)
1.2.5.5. Latin America Aluminum Market Revenue and Growth Rate(2020-2027)
1.2.5.6. Middle East and Africa (MEA) Aluminum Market Revenue and Growth Rate(2020-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING ALUMINUM ANALYSIS
3.1. Capacity and Commercial Production Date of Global Aluminum Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Aluminum Major Manufacturers in 2019
3.3. R&D Status and Manufacturing End-User of Global Aluminum Major Manufacturers in 2019
3.4. Raw Materials End-Users Analysis of Global Aluminum Major Manufacturers in 2019
CHAPTER 4. ALUMINUM MARKET BY PROCESSING
4.1. Global Aluminum Revenue By Processing
4.2. Forgings
4.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.3. Castings
4.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.4. Flat Rolled
4.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.5. Pigments & Powder
4.5.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.6. Extrusions
4.6.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.7. Rod & Bar
4.7.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.7.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 5. ALUMINUM MARKET BY SERIES
5.1. Global Aluminum Revenue By Series
5.2. Series 8
5.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.3. Series 7
5.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.4. Series 6
5.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.5. Series 5
5.5.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.6. Series 4
5.6.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.7. Series 3
5.7.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.8. Series 2
5.8.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.8.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.9. Series 1
5.9.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.9.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 6. ALUMINUM MARKET BY END USE
6.1. Global Aluminum Revenue By End Use
6.2. Building & Construction
6.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.3. Transport
6.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.4. Consumer Goods
6.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.5. Machinery & Equipment
6.5.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.6. Electrical Engineering
6.6.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.6.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.7. Foil & Packaging
6.7.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.7.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.8. Others
6.8.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.8.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 7. NORTH AMERICA ALUMINUM MARKET BY COUNTRY
7.1. North America Aluminum Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.2. North America Aluminum Market Revenue Share Comparison, 2020 & 2027 (%)
7.3. U.S.
7.3.1. U.S. Aluminum Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
7.3.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
7.4.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
CHAPTER 8. EUROPE SMART REFRIGERATOR MARKET BY COUNTRY
8.1. Europe Aluminum Market Revenue and Growth Rate, 2020 - 2027 ($Million)
8.2. Europe Aluminum Market Revenue Share Comparison, 2020 & 2027 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
8.5.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
8.6.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
8.7.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
CHAPTER 9. ASIA-PACIFIC ALUMINUM MARKET BY COUNTRY
9.1. Asia-Pacific Aluminum Market Revenue and Growth Rate, 2020 - 2027 ($Million)
9.2. Asia-Pacific Aluminum Market Revenue Share Comparison, 2020 & 2027 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
9.8.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
9.8.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
CHAPTER 10. LATIN AMERICA ALUMINUM MARKET BY COUNTRY
10.1. Latin America Aluminum Market Revenue and Growth Rate, 2020 - 2027 ($Million)
10.2. Latin America Aluminum Market Revenue Share Comparison, 2020 & 2027 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA ALUMINUM MARKET BY COUNTRY
11.1. Middle East & Africa Aluminum Market Revenue and Growth Rate, 2020 - 2027 ($Million)
11.2. Middle East & Africa Aluminum Market Revenue Share Comparison, 2020 & 2027 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Processing, 2020 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Series, 2020 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Emirates Global Aluminum PJSC
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Alcola Corporation
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Aluminum Corporation
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. RioTinto
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. RUSAL
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Kaiser Aluminum Corporation of China Limited
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Others
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
