About Aluminium-
Aluminium is a silvery-white metal. It has a low density, is non-toxic, has high thermal conductivity, and has excellent corrosion resistance. It is a sustainable material as it is recyclable. Aluminium is used in various applications, including cans, foils, kitchen utensils, window frames, beer kegs, etc. Ongoing research and technological advancements in aluminium production processes contribute to increased efficiency and cost-effectiveness, positively impacting the growth of the industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Major global players dominate the aluminium market, including companies involved in primary aluminium production, downstream processing, and manufacturing of aluminium products. companies in the aluminium sector need to adapt to changes, invest strategically, and innovate to maintain or enhance their competitive positions. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Aluminium- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Chinalco (China), Hongqiao Group (China), Rio Tinto (Australia), Druckguss Westfalen GmbH & Co. KG (Germany), Alcoa Corporation (United States), Norsk Hydro ASA (Norway), Ahresty Corporation (Japan), Vedanta Aluminium Limited (India), The Wolf Group (Germany), UC RUSAL (Russia), Emirates Global Aluminium (United Arab Emirates), Hindalco Industries Limited (India), AUER GUSS GmbH (Germany), UACJ Corporation (Japan), Bonnell Aluminium (United States) and Gränges (Sweden) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Aluminium- market by and Region.
On the basis of geography, the market of Aluminium- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Raw Material , the sub-segment i.e. Bauxite will boost the Aluminium- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Processing Type, the sub-segment i.e. Extraction will boost the Aluminium- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industrial Vertical, the sub-segment i.e. Automotive Industry will boost the Aluminium- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Billets will boost the Aluminium- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased the use of recycled aluminium, and adopt more eco-friendly technologies.
Market Growth Drivers:
Increased demand on lightweight materials in the automotive and aerospace sectors. and Continuous development of electronic devices, so rising demand for aluminium
Challenges:
Fluctuations in energy prices, as aluminium production is energy-intensive, can affect production costs and, consequently, prices.
Restraints:
Rade tensions and the imposition of tariffs on aluminium and aluminium products and The price volatility of key raw materials, such as alumina and bauxite,
Opportunities:
Increased focus on reducing carbon emissions, promoting recycling, and adopting eco-friendly production processes.
Market Leaders and their expansionary development strategies
In November 2020, Gränges acquired Aluminium Konin. The acquisition strengthens Gränges product offering and presence in Europe and contributes to a strong position in new attractive adjacent niche markets and the development of sustainable customer offerings. and In December 2021, Hindalco acquires Hydro’s aluminium extrusion. The acquisition further extends Hindalco’s footprint in the southern market and enhanced the product line.
In October 2023, Vedanta Aluminium, the largest aluminium producer in India, has launched a new range of advanced wire rods, namely T4, AL59, and the 8xxx series, establishing a new paradigm of excellence in product offerings for the global power and transmission sector. These products will also find key applications in automotive, building, infrastructure and electronics. and In March 2021, Bonnell Aluminium, launched that its TSLOTS line of aluminium structural framing systems is expanding operations into the Midwest region of the United States. The TSLOTS aluminium framing system allows manufacturers to create light, durable, attractive, strong, versatile, and functional structures using custom T-slotted aluminium extrusions and connecting hardware.
Key Target Audience
Supplier, Manufacturer, Research organization, Government Regulatory, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.