Aluminum Market Investigation and Growth Forecasted Until the End of 2026

ALBANY, US, 2019-Mar-29 — /EPR Network/ —

Looking at the current market trends as well as the promising demand status of the “Aluminum Market”, it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting them to draw conclusions out of this intelligent research report.

The global aluminum market has been segmented based on product form, manufacturing process, and application. Based on product form, long products dominated the market with more than 40% share in 2017. In terms of manufacturing process, the extrusion segment held prominent share of the market in 2017. However, the casting segment is anticipated to expand at a higher CAGR compared to other manufacturing processes during the forecast period. Based on application, aluminum is widely used in segments such as building & construction, automotive, and electrical & electronics. However, global demand for aluminum varies across different regions according to different applications.

Get Market Report Sample @ https://www.mrrse.com/sample/17210

Aluminum and aluminum alloys are extensively employed in end-user industries such as automotive, aerospace, construction, packaging, and electrical & electronics. Increase in consumption of aluminum in the transportation sector can be ascribed to the rise in demand for fuel-efficient and lightweight vehicles in the automobile sector and increase in demand for lightweight and high-strength materials in the aerospace sector. Similarly, expansion in the construction sector is driving the demand for aluminum for usage in structural components such as window frames, roofing wall cladding, and concrete beams.

Implementation of stringent greenhouse gases (GHG) & carbon emission norms, rise in focus on usage of hard but lightweight aluminum alloys for manufacturing vehicle durable components, and low toxic emission are factors driving the demand for aluminum. Transportation is one of the major industries driving the global economy. Rapid industrialization and increase in need for superior means of commuting have propelled the industry over the last decade. Furthermore, growth in trade between developed and developing economies has boosted the transportation industry (including automotive and aviation). Rise in demand for aluminum in these industries is a major factor driving the aluminum market.

Aluminum is an important substitute for various materials such as steel and iron, primarily due to its lower self-weight and high strength properties. Prices of aluminum fluctuate primarily due to its application in several end-user industries and demand for different grades based on the end-use specifications. Factors affecting end-user industries indirectly hamper the demand for aluminum as well, particularly leading to fluctuations in its prices. However, growth in the usage of aluminum alloys in several industries is ascribed to the different properties instilled in pure aluminum by alloying elements.

Key players in the aluminum market are expected to benefit from the formation of strategic alliances with global players. Prominent players operating in the aluminum market include Alcoa Corporation, Aluminum Corporation of China Limited (CHALCO), Norsk Hydro ASA, RUSAL, Emirates Global Aluminium PJSC, and RioTinto.

The report analyzes and forecasts the market for aluminum at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global aluminum market. It also covers the impact of these drivers and restraints on demand for aluminum during the forecast period. The report also highlights opportunities in the aluminum market at the global and regional level.

The study includes profiles of major companies operating in the global aluminum market. Key players profiled in the global aluminum market include Alcoa Corporation, Aluminum Corporation of China Limited (CHALCO), Norsk Hydro ASA, UC Rusal, and China Hongqiao Group Limited. Market players have been profiled in terms of attributes such as company overview, business strategies, recent developments, financial details, product portfolio, plant/facility details, etc.

The report provides the actual market size for 2017, estimated market size of aluminum for 2018, and forecast for the next eight years. The global size of the aluminum market has been provided in terms of volume and revenue. Market numbers have been estimated based on product form, manufacturing process, application, and region. Market size and forecast for each segment have been provided in terms of global and regional markets.

Browse Complete Market Report with TOC @ https://www.mrrse.com/aluminum-market-2018-2026

Aluminum Market, by Product Form

• Flat Products
• Long Products
• Forged Products
• Cast Products
• Others

Aluminum Market, by Manufacturing Process

• Rolling
• Extrusion
• Forging
• Casting
• Others

Aluminum Market, by Application

• Aerospace & Defense
• Automotive
  • Power Train
  • Chassis & Suspension
  • Body Components
• Building & Construction
  • Internal
  • External
  • Structural
• Electrical & Electronics
• Foils & Packaging
  • Beverage Cans
  • Bottles & Containers
  • Aerosol Cans
  • Foil Wraps
  • Medical Packaging
  • Others
• Industrial Machinery
• Others

Aluminum Market, by Region

• North America
  • S.
  • Canada
• Europe
  • Germany
  • France
  • K.
  • Spain
  • Italy
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

Key Takeaways

• The report provides extensive analysis of market trends and shares from 2017 to 2026 at the global as well as regional level, in terms of product form, manufacturing process, and application segments
• It also provides detailed country level analysis and forecast for key countries (the U.S., Canada, Germany, France, the U.K., Spain, Italy, Russia & CIS, China, Japan, India, ASEAN, Brazil, Mexico, GCC, and South Africa) and the rest of the area in each region with respect to different segments
• Detailed Porter’s Five Forces Analysis and Value Chain Analysis have been provided, which include integration between market players
• The report further analyzes various market drivers, inhibitors, current & future market trends, and emerging applications
• The report comprises detailed pricing analysis with respect to application and region. It also includes global and regional level aluminum production output scenario.
• Competition landscape covers key companies’ profiling, market share analysis, and competition matrix for key players

Send enquiry @ https://www.mrrse.com/enquiry/17210

About Market Research Reports Search Engine (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY – 12207(United State)
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com