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Aluminum Market by End User, Processing Method and Series: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4990158
  • Report
  • December 2019
  • Region: Global
  • 347 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Alcoa Corporation
  • China Hongqiao Group Ltd.
  • Norsk Hydro ASA
  • Rio Tinto Alcan Inc.
  • Un
  • MORE
The global aluminum market was valued at $147.2 billion in 2018, and is projected to reach $189.8 billion by 2026, growing at a CAGR of 3.2% from 2019 to 2026. Aluminum is a lightweight, nonmagnetic, soft, and ductile metal present in the boron group. It is the third most abundant element found in the earth’s crust. It is usually extracted from minerals such as cryolite and bauxite. It forms a reflective coating when evaporated in vacuum, which is utilized for manufacturing of telescope mirrors, packaging products, and toys. It is used in the production of a variety of products such as foils, window frames, kitchen utensils, airplane parts, beer kegs, and others.

Growth in transport industry and technological advancements in aluminum manufacturing technologies and processing equipment are the major factors that drive the growth of the aluminum market. Rapid increase in applications in various end-user industries such as construction and packaging further fuel the market growth. Asia-Pacific is expected to register substantial growth owing to increasing income of people in urban areas, rapid industrial development, and massive urbanization in emerging economies such as China & India. Increase in use of substitutes such as carbon fiber and fluctuation in prices of raw materials are some of the factors restraining the market growth. However, rise in demand for recycled aluminum products is expected to provide potential growth opportunities for the industry.

The market is segmented into grades, end user, processing method, and region. Based on grades, it is categorized into series 1, series 2, series 3, series 4, series 5, series 6, series 7, and series 8. Based on end user, it is classified into transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others (solar panel nanotechnology and aluminum air batteries). The processing method segment is divided into flat rolled, castings, extrusions, forgings, pigments & powder, and rod & bar. Based on region, the market is analyzed across North America, Europe, and LAMEA.

Key players operating in the global aluminum market are Alcoa Corporation, Aluminium Corporation of China Limited (CHALCO), Aluminum Bahrain B.S.C., China Hongqiao Group Ltd., East Hope Group Company Limited, Emirates Global Aluminium PJSC, Norsk Hydro ASA, Rio Tinto Alcan Inc., United Company RUSAL Plc. and Xinfa Group Co., Ltd.

KEY BENEFITS FOR STAKEHOLDERS
  • The report includes in-depth analysis of different segments and provides market estimations between 2019 and 2026
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
  • Porter’s Five Forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies
  • Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume
  • Key market players are profiled to gain an understanding of the strategies adopted by them
  • This report provides a detailed analysis of the current trends and future estimations from 2019 to 2026, which helps identify the prevailing market opportunities
KEY MARKET SEGMENTS

By Processing Method
  • Flat Rolled
  • Castings
  • Extrusions
  • Forgings
  • Pigments & Powder
  • Rod & Bar
By End User Industry
  • Transport
  • Building & Construction
  • Electrical Engineering
  • Consumer Goods
  • Foil & Packaging
  • Machinery & Equipment
  • Others (Solar Panel Nanotechnology and Aluminum Air Batteries)
By Grades
  • Series 1
  • Series 2
  • Series 3
  • Series 4
  • Series 5
  • Series 6
  • Series 7
  • Series 8
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Turkey
  • Rest of LAMEA
KEY MARKET PLAYERS
  • Alcoa Corporation
  • Aluminium Corporation of China Limited (CHALCO)
  • Aluminum Bahrain B.S.C.
  • China Hongqiao Group Ltd.
  • East Hope Group Company Limited
  • Emirates Global Aluminium PJSC
  • Norsk Hydro ASA
  • Rio Tinto Alcan Inc.
  • United Company RUSAL plc.
  • Xinfa Group Co., Ltd.
The other players operating in the value chain of the global aluminum market are Ball Corporation, BHP Billiton Limited, Century Aluminium Company, Crown Holdings Incorporated, Constellium N.V., Glencore International AG, Hindalco Industries Ltd., Jindal Iron & Steel Company Limited , JW Aluminum Company, Kaiser Aluminum Corporation, National Aluminum Company Limited, Orkla ASA, Rexam plc, Shandong Nanshan Aluminum Co., Ltd., South32 Limited, State Power Investment Corporation, Talco Aluminum Company, Vale SA, and Vedanta Resources Plc.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Alcoa Corporation
  • China Hongqiao Group Ltd.
  • Norsk Hydro ASA
  • Rio Tinto Alcan Inc.
  • Un
  • MORE
Chapter 1. Introduction
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segment
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. CXO Perspectives

Chapter 3. Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porters Five Forces Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Growth In Transport Industry
3.4.1.2. Technological Advancements
3.4.1.3. Rapidly Increasing Applications Across Various End User Industries
3.4.2. Restraints
3.4.2.1. Fluctuating Prices of Raw Materials
3.4.2.2. Increasing Competition From Substitutes
3.4.3. Opportunities
3.4.3.1. Growing Demand From Emerging Economies
3.4.3.2. Increasing Use of Recycled Aluminum Products
3.5. Market Share Analysis, 2015

Chapter 4. Global Aluminum Market, By End User Industry
4.1. Introduction
4.1.1. Market Size And Forecast
4.2. Transport
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast
4.3. Building & Construction
4.3.1. Key Market Trends, Growth Factors And Opportunities
4.3.2. Market Size And Forecast
4.4. Electrical Engineering
4.4.1. Key Market Trends, Growth Factors And Opportunities
4.4.2. Market Size And Forecast
4.5. Consumer Goods
4.5.1. Key Market Trends, Growth Factors And Opportunities
4.5.2. Market Size And Forecast
4.6. Foil & Packaging
4.6.1. Key Market Trends, Growth Factors And Opportunities
4.6.2. Market Size And Forecast
4.7. Machinery & Equipment
4.7.1. Key Market Trends, Growth Factors And Opportunities
4.7.2. Market Size And Forecast
4.8. Others
4.8.1. Key Market Trends, Growth Factors And Opportunities
4.8.2. Market Size And Forecast

Chapter 5. Global Aluminum Market, By Processing Method
5.1. Introduction
5.1.1. Market Size And Forecast
5.2. Flat Rolled
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast
5.3. Castings
5.3.1. Key Market Trends, Growth Factors And Opportunities
5.3.2. Market Size And Forecast
5.4. Extrusions
5.4.1. Key Market Trends, Growth Factors And Opportunities
5.4.2. Market Size And Forecast
5.5. Forgings
5.5.1. Key Market Trends, Growth Factors And Opportunities
5.5.2. Market Size And Forecast
5.6. Pigments & Powder
5.6.1. Key Market Trends, Growth Factors And Opportunities
5.6.2. Market Size And Forecast
5.7. Rod & Bar
5.7.1. Key Market Trends, Growth Factors And Opportunities
5.7.2. Market Size And Forecast

Chapter 6. Global Aluminum Market, By Series
6.1. Introduction
6.1.1. Market Size And Forecast
6.2. Series 1
6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast
6.3. Series 2
6.3.1. Key Market Trends, Growth Factors And Opportunities
6.3.2. Market Size And Forecast
6.4. Series 3
6.4.1. Key Market Trends, Growth Factors And Opportunities
6.4.2. Market Size And Forecast
6.5. Series 4
6.5.1. Key Market Trends, Growth Factors And Opportunities
6.5.2. Market Size And Forecast
6.6. Series 5
6.6.1. Key Market Trends, Growth Factors And Opportunities
6.6.2. Market Size And Forecast
6.7. Series 6
6.7.1. Key Market Trends, Growth Factors And Opportunities
6.7.2. Market Size And Forecast
6.8. Series 7
6.8.1. Key Market Trends, Growth Factors And Opportunities
6.8.2. Market Size And Forecast
6.9. Series 8
6.9.1. Key Market Trends, Growth Factors And Opportunities
6.9.2. Market Size And Forecast

Chapter 7. Global Aluminum Market, By Geography
7.1. Introduction
7.1.1. Market Size And Forecast
7.2. North America
7.2.1. Key Market Trends, Growth Factors And Opportunities
7.2.2. Market Size And Forecast
7.2.3. U.S.
7.2.3.1. Market Size And Forecast, By Type
7.2.4. Mexico
7.2.4.1. Market Size And Forecast, By Type
7.2.5. Canada
7.2.5.1. Market Size And Forecast, By Type
7.3. Europe
7.3.1. Key Market Trends, Growth Factors And Opportunities
7.3.2. Market Size And Forecast
7.3.3. UK
7.3.3.1. Market Size And Forecast, By Type
7.3.4. Germany
7.3.4.1. Market Size And Forecast, By Type
7.3.5. Italy
7.3.5.1. Market Size And Forecast, By Type
7.3.6. France
7.3.6.1. Market Size And Forecast, By Type
7.3.7. Spain
7.3.7.1. Market Size And Forecast, By Type
7.3.8. Rest of Europe
7.3.8.1. Market Size And Forecast, By Type
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors And Opportunities
7.4.2. Market Size And Forecast
7.4.3. India
7.4.3.1. Market Size And Forecast, By Type
7.4.4. China
7.4.4.1. Market Size And Forecast, By Type
7.4.5. Japan
7.4.5.1. Market Size And Forecast, By Type
7.4.6. Australia
7.4.6.1. Market Size And Forecast, By Type
7.4.7. South Korea
7.4.7.1. Market Size And Forecast, By Type
7.4.8. Rest of Asia-Pacific
7.4.8.1. Market Size And Forecast, By Type
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors And Opportunities
7.5.2. Market Size And Forecast
7.5.3. Brazil
7.5.3.1. Market Size And Forecast, By Type
7.5.4. Saudi Arabia
7.5.4.1. Market Size And Forecast, By Type
7.5.5. South Africa
7.5.5.1. Market Size And Forecast, By Type
7.5.6. Turkey
7.5.6.1. Market Size And Forecast, By Type
7.5.7. Rest of LAMEA
7.5.7.1. Market Size And Forecast, By Type

Chapter 8. Company Profiles
8.1. Alcoa Corporation
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves And Developments
8.2. Aluminium Corporation of China Limited (Chalco)
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves And Developments
8.3. China Hongqiao Group Ltd.
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves And Developments
8.4. China Power Investment Corp. (Cpi)
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves And Developments
8.5. East Hope Group Company Limited
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves And Developments
8.6. Emirates Global Aluminium Pjsc
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves And Developments
8.8. Norsk Hydro Asa
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves And Developments
8.8. Rio Tinto Alcan Inc.
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves And Developments
8.9. United Company Rusal Plc
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.9.5. Key Strategic Moves And Developments

8.10. Xinfa Group Co., Ltd.
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves And Developments
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FEATURED COMPANIES

  • Alcoa Corporation
  • China Hongqiao Group Ltd.
  • Norsk Hydro ASA
  • Rio Tinto Alcan Inc.
  • Un
  • MORE
According to the report titled, Aluminum Market by End User and Processing Method: Global Opportunity Analysis and Industry Forecast, 2019-2026 the global aluminum market was valued at $147.2 billion in 2018, and is projected to reach $189.8 billion by 2026, growing at a CAGR of 3.2% from 2019 to 2026. The transport segment dominated the market in 2018, with more than one-fourth share, in terms of revenue.

Aluminum is a nonmagnetic and ductile metal with a dull luster due to thin aluminum oxide coating. Low metal density, corrosion resistance, and thermal conductivity are some properties, which makes it ideal for various industrial applications. Growth in transport industry is the major factor that drives the growth of the aluminum market size across the globe. In addition, technological advancements, rapid development & urbanization in emerging economies, and growth in aluminum demand from various end user industries such as foil & packaging supplement the aluminum market growth. Modern manufacturers are enhancing the design of aluminum cans to make the cans more hygienic. An overall increase in production capacity by key leaders and high degree of vertical integration are observed in the industry. Manufacturers integrate their value chain to gain control over supply chain and offer aluminum products to end users at reduced costs. Food and Drug Administration (FDA), American Society for Testing and Materials (ASTM), International Organization for Standardization (ISO), and Environment Protection Agency (EPA) are some of the regulatory authorities present in the aluminum market.

Transport segment accounted for more than one-fifth of the market, in terms of volume, in 2018. Aluminum products are extensively used in transport industry due to their performance, weight to strength ratio, thermal conductivity, corrosion resistance, safety, and environment benefits. North American automotive manufacturers plan to an increase aluminum usage in light trucks and cars by over 40% by 2025. Aluminum engine mounts, tailgate frames, running boards, and roof consoles are corrosion resistant and are more resilient in vehicle crashes due to their flexibility and inherent strength. Studies have confirmed that use of aluminum in motor industry reduces CO2 emissions.

Extrusions segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 2.9% by 2026. Aluminum extrusions offer lightweight and durability to patio furniture, sports equipment and others. Flexible and low cost extrusion tooling allows manufacturers to experiment with new applications and designs.

Key Findings of the Aluminum Market:

Asia-Pacific is expected to lead the market during the forecast period, followed by Europe.
Flat rolled market volume is projected to grow with a CAGR of 4.0% during the forecast period.
The transport segment is expected to show highest growth, registering a value CAGR of 3.5%.
Turkey accounted for 1.7% share in the LAMEA aluminum market in 2018.
Mexico is projected to grow at a fastest rate in the North America aluminum market, registering a CAGR of 4.0%.
Germany accounts for 8.5% share in the European aluminum market in 2018.
Asia-Pacific and Europe collectively contributed more than half of the global aluminum market share revenue in 2018. In the same year, Asia-Pacific dominated the market owing to massive urbanization, growth in income of people in urban areas, and rapid industrial development.

The prominent market players are Alcoa Corporation (U.S.), Aluminium Corporation of China Limited (CHALCO) (China), China Hongqiao Group Ltd. (China), China Power Investment Corp. (CPI) (China), East Hope Group Company Limited (China), Emirates Global Aluminium PJSC (UAE), Norsk Hydro ASA (Norway), Rio Tinto Alcan Inc. (Canada), United Company RUSAL Plc. (Russia), and Xinfa Group Co., Ltd. (China).
Note: Product cover images may vary from those shown
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  • Alcoa Corporation
  • Aluminium Corporation of China Limited (CHALCO)
  • China Hongqiao Group Ltd.
  • China Power Investment Corp. (CPI)
  • East Hope Group Company Limited
  • Emirates Global Aluminum PJSC
  • Norsk Hydro ASA
  • Rio Tinto Alcan Inc.
  • Un
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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