Global Aluminum Market Research Report- Forecast to 2022Posted by Avinash on December 20th, 2017 Market Highlights: Consumption by End-user: However, the major challenge of the market still remains which includes using other metal instead of Aluminum. One of the major challenge is from the steel industry which continues to invest millions of dollars to demonstrate that strong steels can be used to provide the same savings as derived from Aluminum; composites (like carbon fiber). Here steel stands to be a serious competitor in the automotive and aerospace sectors with respect to use of Aluminum in these sectors. Although steel has a cost and repair disadvantages, their price is coming down which also offers improved corrosion properties and good aesthetics. Regional Analysis: APAC will be the ruling market for Global Aluminum oxide, accounting for USD XX billion and is expected to grow over $XX billion by 2022. With rise in development of emerging economies countries like China, India and Brazil will contribute more in the growth of the market. The entire world including North America and Europe are the growing market for Global Aluminum and this market is expected to grow at the CAGR of XX % respectively from 2016 to 2022. China’s Aluminum production has grown rapidly. In 2010, China produced 7.7 million tons of Aluminum, and has an average annual growth rate of 15% with respect to contributing in the growth of the Aluminum Market in the last ten years till 2015. Although China is the world’s largest producer and consumer of Aluminum, it is not a major exporter or importer of Aluminum (although it does export value-added products such as extrusions). In 2015, Russia was the world’s largest exporter of Aluminum, exporting 3.4 million tons, which accounts for 18 % of the total export of ALUMINUM Globally. The world’s largest importer in 2015 was Germany, which imported 2.59 million tons which is equivalent to 11 % of the world’s total imports. In Aluminum production cost includes in these four things: labour, power support, consumables, alumina feed and others. Australia has the lowest unit cost for alumina feed, but has the highest unit cost for labour. China is accounted have the highest unit cost for power and lowest unit cost for administration and support. Unit costs in Australia, China and India are same with respect to Global Aluminum Market is same. The unit cost in these countries are more when compared to Indonesia and when compared to Malaysia, the unit cost in these countries are low. Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/2031 Aluminum Product Trends: Aluminum products are used in various industries such as transportation, packaging, construction, and others. 40% of the Global Aluminum Market’s products was used in the transportation industry in 2015. The construction industry is expected to grow due to better lifestyle and increase in disposable incomes of the population of both developed and developing economies. The packaging industry is also one of the major end-users of the Aluminum Market and it is expected that this industry will grow significantly. The increasing demand of Aluminum is directly proportional to the growing demand for value-added and recycled products. Aluminum Industry does not have any bad effect on the environment due to which demand of the Aluminum Industry has increased. . The growing preference of Aluminum products for sustainable and innovative technology will also drive the Aluminum Market globally. The market is classified and analyzed on the basis of various segments including geographies, which consist of; Americas, Europe, Asia-Pacific, and Middle East and Africa. Out of these, Asia-Pacific has the largest share in the market U.S. Aluminum Market in North America had generated a revenue of more than USD XX billion in 2015. The regional growth is primarily driven due to the demand of construction and transportation industry in the Asia Pacific and U.S. which had high industry share in 2015 and in the future it is predicted to witness a higher growth at the CAGR of more than XX%. The driving factor for China, India and Japan’s contribution in the growth of the market is due to increase in disposable income and standard of living of people over there. Key Points from Table of Content: 11. Company Profiles 11.1 United Company Rusal 11.2 Aluminum Corporation of China Limite 11.3 Alcoa Inc., 11.4 BHP Billiton GroupRio Tinto About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact: Like it? Share it!More by this author |