Aluminum Market Size | Analysis, Market Report, Application Analysis, Regional Outlook, Competitive Strategies, and Forecasts
Overview
The global aluminum market will
register growth at a CAGR of 6.5%. The market for aluminum is set to reach USD
235.8 billion by 2025. As per the analysts, the global market is anticipated to
witness growth owing to the factors such as increasing demand for aluminum in
china as well as increasing use of high-strength aluminum in aerospace.
However, the market will face challenges and restraints due to adverse effects
of bauxite mining and concerns regarding high levels of pollution during the
forecast period 2017-2025.
The government's influence in
facilitating the availability in the global market is set to play a key role in
determining the growth potential during 2017-2025 years. Analysts have also
studied the global market to understand potential threats and challenges the
aluminum market companies could face. Although the market is poised to grow at
a fast pace across type, applications, and products segments, factors such as
secondary aluminum could slow down the market's growth worldwide.
Market Segmentation
The Aluminum Market Size has been segmented
into type, applications, and products. Based on the segment which is type, the
market is categorized on the basis of primary and secondary. The global market
for aluminum is further segmented based on applications into building &
construction, electrical, foil & packaging, hardware & accessories,
machinery & equipment, solar industry, transportation, utensils, and
others. Furthermore, the market, on the basis of products is segmented into
castings, extrusions, flat-rolled, forgings, pigments & powder, and rod
& bar.
The global aluminum market size research
report covers all the aspects of the market based on the segmental analysis of
these type, applications, and products segments. Analysts have also studied the
global market's regional markets spread across many continents and countries.
The type, applications, and products segments along with their sub-segments
have been analyzed and companies functioning in the aluminum industry across
these segments are profiled and analyzed based on input and feedback from
market based decision makers as well as primary and secondary sources. The
market research report presents analysis based information for companies
functioning in the market.
Regional Overview
Countries bringing secondary aluminum
in picture may hinder the aluminum market growth. The market research report
suggests that companies in the aluminum industry could be supported by
qualities such as corrosion resistance as well as good thermal & electrical
conductivity during the forecast period. The global market is set to register
growth at a high CAGR owing to these key factors. The market is spread across
North America, Europe, Asia-Pacific, and other parts of the world. The global
aluminum market research report reveals that APAC, North America, and Europe
regional markets will dominate the global market for aluminum during the
forecast period 2017-2025. As per market analysts, the market is set to witness
tremendous growth across type, applications, and products segments in North
America which covers markets across the United States, Canada, Mexico and
several other regional markets. Companies active in the aluminum market are
also analyzed and studied in the market research report. In 2018, the building
& construction sector held around 30% of the aluminium market, and it is
projected to develop at a CAGR of 6.7 percent over the forthcoming years.
The market for Europe covers smaller
market segments of Germany, Italy, France, and the United Kingdom.
Additionally, the global market research report covers the Asia-Pacific region
covering aluminum markets from India, China, Japan, Australia, and others. The
aluminum Industry is also spread across the rest of the world. The report
covers all such regions including the Middle East, Africa, Brazil, and
others.
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Competitive Landscape
Aluminum has seen increased demand
over the years, due to demand from the aerospace sector and use of aluminum die
cast products in the automotive industry. Companies functioning in the global
market are also being challenged due to raw material price fluctuations and
easy availability of substitutes. Mergers and acquisitions by market companies
are anticipated to help the market during the forecast period 2017-2025. As the
aluminum market is set to register a high CAGR of 6.5% and is also anticipated
to reach a USD 235.8 billion by 2025, the report highlights key areas companies
need to focus on. The report suggests that the market will see a healthy growth
in the long run till 2025. Based on SWOT analysis and market’s analysis based
on Porters’ Five Force Model presented in the market report. Mergers and
acquisitions by market companies are anticipated to help the market during the
forecast period 2017-2025.
Industry News
KPS Capital Partners, LP today
announced the completion by the Norsk Hydro ASAof a final €1,38 billion
contract for global aluminium rolling. The deal is scheduled to be completed in
mid-2021 and is subject to usual closing terms and authorisations. The company
is one of the world's biggest producers of rolling aluminium materials and serves
consumers in a diverse range of end-markets including drinks, automobile, film
packaging and construction.
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