Aluminum Market Overview | Size, Business Opportunities, Trends, Industry Analysis, Leading Players
Overview
The global aluminum market overview
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 Overview 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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