top of page
Search
  • madhavithundyil

Aluminum Market Global Demand, Trends and Precise Outlook 2020 to 2030


The Global Aluminum Market size valued to USD 151.99 billion in 2019, is predicted to reach USD 205.72 billion by 2030, with a CAGR of 2.70% from 2020-2030.


Aluminum is an abundant metal having strong affinity towards oxygen and possess significant strength. It characteristics such as low metal density, resistance to corrosion, high conductivity, high malleability as well as ductility, non-toxicity, high resistivity, high reflectivity, recyclability, high volumetric energy density, exceptional light weight and anti-microbial property, makes it highly advantageous in food & packaging industries, pharmaceutical industries, electric transmission applications, aerospace industries as well as in other industry verticals.


Access Full Description of this report at:-


Top Companies: Rio Tinto Alcan Inc., United Company RUSAL Plc, Alcoa Corporation, China Hongqiao Group Ltd., China Power Investment Corp., Xinfa Group Co., Ltd., East Hope Group Company Limited, Emirates Global Aluminum PJSC, Norsk Hydro ASA, Aluminium Corporation of China Limited and others.


The aluminum market share analysis is based on type, product, vertical industry, and geography. Based on type, the market is segmented into primary aluminum and secondary/recycled aluminum. Based on product, the market covers castings, extrusions, flat rolled, forgings, rod & bar, pigments & powder, and others. Based on vertical industry, the market is classified into transport, building & construction, electrical, hardware & accessories, consumer goods, foil & packaging, machinery & equipment, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.


Request sample copy of this report at:-

Asia-Pacific is dominating the global aluminum market, and it is expected to maintain its dominance throughout the forecast period, accounting for highest market shares. This is attributable to the factors including rapid urbanization, industrial development, and higher usage in transportation as well as building & construction industries. Europe being the second-largest aluminum market, is expected to hold significant market share owing to recovering economic growth and growing demand for lightweight material from the automotive industry. North America region is expected to witness a substantial growth in the global aluminum market, owing to increasing use of recycled aluminum products, infrastructural advancements as well as technological developments.


About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.


We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.


For more insights, please visit, https://www.nextmsc.com

10 views0 comments
bottom of page