Description
Aluminium is a lightweight metal, which is derived from bauxite. Bauxite is rich in aluminium oxides that is melted and electrolysed to produce primary aluminium. Whereas, recycled aluminium can be defined as the scrap aluminium obtained from the primary aluminium while casting, cutting and millings, generally termed as new scrap. It find wide application scope in the manufacturing of cans, foils, utensils, frames, and structure on account of its superior properties such as ductility, malleability, machinability, and durability. In addition to this, it is widely used in numerous end use application such as automotive & transportation, construction, foil & packaging, electrical, machinery & equipment, consumer goods and others.
According to Market Research Future Analysis, cumulatively the global Aluminium Metals market was valued at USD 1, 12,487.9 million in 2015 and is predicted to reach USD 1, 60,696.1 million by the end of 2022, expanding at a CAGR of 5.3% during forecast period. Aluminium Metals market is segmented according to type and applications.
Global aluminium marketdemand is projected to be influenced by various market drivers. The major market driving factors affecting the global demand include increasing automotive production along with increasing penetration of aluminium metals in automobiles. The usage of aluminium etals in automotive materials is increasing owing to the stringent fuel efficiency regulations which lead to focus towards lightweight materials. Aluminium are lightweight materials with the desired strength. There exists stringent fuel efficiency standard regulations in regions like North America and Europe. In addition to this, China recently introduced fuel efficiency standards that encourages the use of lightweight materials inn the automotive production. Rest of the world are anticipated to follow the trend Along with increasing penetration in the automotive market, Increasing globnal automotive production is tractioning the aluminium demand in automotive market.
Moreover, growing investments in construction and infrastructure in developed regions is estimated to further boost global aluminium market growth. In addition, the building and construction sector in emerging nations such as, India is expected to be the second favourable market for aluminium metal market after China, owing to its rapid urbanization rate and increasing consumption of aluminium in terms of infrastructural developments. Apart from these factors, growing use in electrical and electronics component, and surging demand for aluminium foils in packaging industry is anticipated to drive global aluminium market.
Regional Analysis
FIGURE 1 GLOBAL ALUMINIUM METALS MARKET, BY REGION, 2016 (%)
Sources: MRFR analysis
The global Aluminium Metals market is segmented into Asia Pacific, Europe, North America, Middle East, and Latin America. Among all, Asia Pacific region is the largest market for Aluminium Metals and accounts for more than 59.7% of the volume share in the global market. Rapid industrialization, easy availability of raw material supply and presence of largest production base with minimal regulatory norms are various factors attributed in growth of the Aluminium Metals in Asia Pacific region. China is the largest producer and consumer of aluminium metals in the world. In terms of consumption, the china market pegged at 25,220 KT in 2016. Growing at a CAGR of 6.29% over the forecast period, China aluminium consumption is antcipated to reach 36,364 Kt by 2022 end
Segmentation
The global Aluminium Metals market is segmented on the basis of type, application and region. On the basis of type, global Aluminium Metals market is segmented into primary aluminium, and recycled aluminium. Based on application, the global Aluminium Metals market is classified as— automotive & transportation, construction, foil & packaging, electrical, machinery & equipment, consumer goods, and others. .
Key Players
Key players of the global Aluminium Metals market are Rusal, Aluminium Corporation of China, Rio Tinto Alcan Inc., Alcoa Inc., Norsk Hydro ASA, China Hongqiao Group Limited, Emirates Global Aluminium PJSC among others.
Key Findings
Global Aluminum Metals market is projected to reach USD 160,696.1 million by the end of 2022, expanding at a CAGR of 5.3%. Asia-Pacific and especially China to account for largest market share global market due to growing application industries like construction & buildings, automotive in this region. Aluminum Metals market is a consolidated market with major dominance of Chinese manufacturers in the market. Tier 1 producers accounting for more than 80% of the overall production. Moreover, Chinese manufacturers cumulative contributing to around 50% of the overall production capacity.
Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
o US
o Canada
• Europe
o Germany
o France
o Italy
o Spain
o U.K.
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
• Middle East & Africa
Intended Audience
• Aluminium Metals manufacturers
• Traders and distributors of Aluminium Metals
• Aluminium Metals Associations
• Potential investors
• Raw material suppliers
DC –Description
• Aluminium foil
• Aluminium alloy
• Primary Aluminium
• Recycled Alumonium
• Light Weight Materials
• Alumina
• Bauxite mining
Table of Contents
1 Report Prologue 14
2 Scope of The Report 16
2.1 Market Definition 16
2.2 Scope of The Study 16
2.2.1 Research Objectives 17
2.2.2 Assumptions 17
2.2.3 Limitations 17
2.3 Market Structure 18
3 Research Methodology 19
3.1 Research Process 19
3.2 Primary Research 20
3.3 Secondary Research 20
3.4 Market Size Estimation 20
3.5 Forecast Model 22
4 Market Dynamics 23
4.1 Introduction 23
4.2 Drivers 24
4.2.1 Surge in Automotive Production Coupled With Increasing Use Of Aluminium in Automotive Components and Demand Across Transportation Sector 25
4.2.2 Regained Stability Of Housing Market Coupled With Rapid Urbanization And Infrastructural Development 26
4.2.3 Growth in electrical and electronics sector coupled with increasing use of aluminium in electrical components to drive market demand 27
4.2.4 Increasing Use Of Aluminium in Packaging Applications to Augment Market Demand 28
4.3 Restraints 29
4.3.1 Oversupply Of Primary Aluminium Resulting In Declining Prices 29
4.3.2 Stringent environmental regulations on residues challenging market growth 30
4.4 Trends & Opportunities 30
4.4.1 Technologically advanced aluminium products for Automotive Sector To Curb Emission By Incorporating More Aluminium Components In Vehicles 31
4.4.2 Increasing Use Of Recycled Aluminium In The Developed Markets As Sustainable Source Of Aluminium 31
4.4.3 Adoption Of Aluminium Metal As Construction Material For Heavy Structures coupled with increasing construction activities in developing nations 32
5 Market Factor Analysis 33
5.1 Supply Chain Analysis 33
5.1.1 Raw Material Suppliers 33
5.1.2 Alumina Producers 33
5.1.3 Primary Aluminium Producers 33
5.1.4 Processing 34
5.1.5 Distributors 34
5.1.6 End-Use Industry 34
5.1.7 Scrap Metal Recyclers 34
5.2 Porter’s 5 Force Analysis 34
5.2.1 Threat of New Entrants 34
5.2.2 Threat of Rivalry 35
5.2.3 Threat of Substitute 35
5.2.4 Bargaining Power of Supplier 35
5.2.5 Bargaining Power of Buyer 35
6 Global Aluminium Metals Market, By Type 36
6.1 Introduction 36
6.2 Primary Aluminium 38
6.3 Recycled Aluminium 42
7 Global Aluminium Metals Market, By Application 48
7.1 Introduction 48
7.2 Automotive & Transportation 50
7.3 Construction 55
7.4 Foil & Packaging 60
7.5 Electrical 65
7.6 Machinery & Equipment 70
7.7 Consumer Goods 75
7.8 Others 80
8 Global Aluminium Metals Market, By Region 86
8.1 Introduction 86
8.2 North America 89
8.2.1 U.S 92
8.2.2 Canada 94
8.3 Europe 97
8.3.1 Germany 100
8.3.2 France 102
8.3.3 U.K 104
8.3.4 Italy 106
8.3.5 Spain 108
8.3.6 Rest of Europe 110
8.4 Asia-Pacific 112
8.4.1 China 115
8.4.2 India 117
8.4.3 Japan 119
8.4.4 Rest of Asia-Pacific 121
8.5 Latin America 123
8.6 Middle East & Africa 125
9 Competitive Landscape 128
9.1 Introduction 128
9.2 Market Share Analysis 128
10 Company Profiles 133
10.1 RUSAL 133
10.1.1 COMPANY OVERVIEW 133
10.1.2 PRODUCT/BUSINESS SEGMENT OVERVIEW 133
10.1.3 FINANCIAL UPDATES 134
10.1.4 KEY DEVELOPMENTS 135
10.2 Aluminium Corporation of China Ltd. 136
10.2.1 COMPANY OVERVIEW 136
10.2.2 PRODUCT/BUSINESS SEGMENT OVERVIEW 136
10.2.3 FINANCIAL UPDATES 137
10.2.4 KEY DEVELOPMENTS 137
10.3 Rio Tinto Alcan Inc. 138
10.3.1 COMPANY OVERVIEW 138
10.3.2 PRODUCT/BUSINESS SEGEMENT OVERVIEW 138
10.3.3 FINANCIAL UPDATES 139
10.3.4 KEY DEVELOPMENTS 139
10.4 Alcoa Inc. 140
10.4.1 Company Overview 140
10.4.2 PRODUCT/BUSINESS SEGMENT OVERVIEW 140
10.4.3 FINANCIAL UPDATES 141
10.4.4 Key Developments 142
10.5 Norsk Hydro ASA 143
10.5.1 COMPANY OVERVIEW 143
10.5.2 PRODUCT/BUSINESS SEGMENT OVERVIEW 143
10.5.3 FINANCIAL UPDATES 144
10.5.4 KEY DEVELOPMENTS 144
10.6 China Hongqiao Group Limited 145
10.6.1 COMPANY OVERVIEW 145
10.6.2 PRODUCT/BUSINESS SEGMENT OVERVIEW 145
10.6.3 FINANCIAL UPDATES 145
10.6.4 KEY DEVELOPMENTS 146
10.7 Emirates Global Aluminium PJSC 147
10.7.1 COMPANY OVERVIEW 147
10.7.2 PRODUCT/BUSINESS SEGMENT OVERVIEW 147
10.7.3 FINANCIAL UPDATES 147
10.7.4 KEY DEVELOPMENTS 148
11 Conclusion 149
