Global Aluminium Metals Market Overview:
Aluminum is the Third Most Abundant on the Earth. In Addition to its Ductile Characteristic, Aluminum has a High Strength-To-Weight Ratio & Good Formability. Owing to Characteristics like Light Weight, High Corrosion Resistance, & High Durability, It Finds Usage in Various Important Industries. Aluminum is Alloyed with Metals like Manganese, Silicon, Copper, Magnesium, & Zinc to Produce Varied Range of Products
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Adoption of Advanced Aluminium Alloy Technologies That Offer the Combination of Lower Density, Improved Stiffness & Corrosion Resistance in Various End-Use Industry
Market Growth Drivers:
Rise in the Automotive & Maritime Transport Industry Utilising Aluminum for Manufacturing Various Parts like Bonnets, Wheels, Motorbike Handles, Brake Components, Pistons, Ship Deck, Engine, & Rudder and The requirement for a Light-Weight, Corrosion Resistance & High Tensile Strength Aerospace Material for its Use in Fuselage, Wing, & Supporting Structures of Commercial Airliners
Challenges:
Presence of Alternate Metals like Steel & Titanium in the Industry may pose a Competitive Challenge and Stringent Regulations Associated with the Dumping of Aluminum Waste
Restraints:
Fluctuations in the Prices of the Raw Materials like Alumina & Bauxite
Opportunities:
There is an Increasing Opportunity for the Usage of Aluminum in the Food & Beverages Industry for Packaging, Foods, Sodas, Energy Drinks, & Beers and Increased Space Exploration Programmes Worldwide by Different Countries Open Up Prospects for the Increased Usage of Aluminum
Competitive Landscape:
The Market For Aluminum Is Fragmented With The Presence Of Many Global As Well As Regional Players. Leading Players Can Adopt Some Strategies Such As A Merger, Acquisition And Expansions In Order To Gain Share Within The Market. Owing To the Rising Usage of the Aluminum in Various End-Use Industries, There Are Massive Opportunities for the New Players to Enter the Market
Some of the key players profiled in the report are Aluminum Corporation of China Limited (China), China Hongqiao Group Limited (China), Emirates Global Aluminium (United Arab Emirates), National Aluminium Company Limited (Nalco) (India), Hindalco Industries Ltd (India), United Company Rusal (Russia), Alcoa Corporation (United States), Rio Tinto (United Kingdom), Xinfa Group Co., Ltd. (China) and Aleris Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like Norsk Hydro Asa (Norway), South32 (Australia), Ma'aden (Saudi Arabia), Alumina Limited (Australia), Century Aluminum Company (United States), Alicon Castalloy Ltd (India) and Arfin India Limited (India). Analyst at AMA Research see United States and Asian Vendors to retain maximum share of Global Aluminium Metals market by 2028. Considering Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Aluminium Metals market. Considering Market by Alloy Grade, the sub-segment i.e. AA 2014 will boost the Aluminium Metals market.
Latest Market Insights:
On February 19, 2020, Century Aluminum Company Announced the Launch of its Natur-Al™ Low-Carbon Aluminum Products. Natur-Al™ Aluminum Products Produced at Aluminium Stewardship Initiative-Certified Norðurál Grundartangi Aluminum Plant in Iceland, with Energy from 100 Percent Renewable Sources
In August 2019, Novelis Inc Announced the Launch of Advanz™ 6hs-S650, a Precisely Engineered Aluminum Automotive Body Sheet Product in Accordance with the Industry Standards for Strength, Lightweighting, Formability, Performance & Structural Integrity
What Can be Explored with the Aluminium Metals Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Aluminium Metals Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Aluminium Metals
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aluminium Metals market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Aluminium Metals market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Aluminum Manufacturers, End-User Industries, Investors, Distributors, Traders, & Suppliers, Importers & Exporters, Regulatory & Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.