Aluminum Market Size | Trends, Industry Analysis, Overview And New Market Opportunities Explored, Forecast 2027
Overview
The global aluminum market size 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 industry 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 market 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.
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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