Aluminium Metals Market Share | Size, Top Leading Countries, Companies, Consumption, Drivers, Trends
Market
Highlights:
The Global Aluminium
Metals Market Share 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: RUSAL, Aluminium Corporation of
China Ltd., Rio Tinto Alcan Inc., Norsk Hydro ASA, Alcoa, Inc., China Hongqiao
Group Limited, and Emirates Global Aluminium PJSC
Segmentation:
The Global Aluminium
Metals Market share 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.
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