Aluminum MarketPosted by Nishigandha Sachin Bhushinge on January 22nd, 2020 Global Aluminum Materials Market was valued US$ 152.98 Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a XX% CAGR of around during a forecast period. Aluminum as a substitute to copper in the power industry, and as a propellant for solid rocket booster motor in space shuttle due to its high volumetric energy density acts as an opportunity to global aluminum market. Corrosion resistance, reflectivity, and recyclability are other characteristics of aluminum, which makes it a favorable choice for various industrial applications. Aluminum is 100% recyclable loses none of its properties during the recycling process. Aluminum is available in various shapes like plates, ingots, sheets & foils, and cables & wires. Sheets and foils hold a supreme market of aluminum. In metal, part fabrication industry steel is replaced by aluminum due to its light weight which is one-third of steel. Foils are mainly used for packaging of beverages & food. Sheets & foils segment is followed by cables & wires. In the electrical sector, aluminum is principally known for its financial advantage. Transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others are end-use segments of aluminum market. Aluminum act as a conductor in the electric industry, and material in machinery & equipment segment, also used for packaging of food owing to its property such as impervious to moisture, light, bacteria and all gases. Building and construction segment leads the aluminum market followed by transportation and packaging. As aluminum offers excellent properties like air tightness, durability, its versatility, lightweight and receptiveness to being polished hence being popularly used in building and construction sector. The Asia Pacific dominates the market followed by North America and Europe. China accounted for the highest aluminum market share in the Asia-Pacific aluminum market in 2018 because of massive urbanization and industrial development. New product developments, capacity expansions, and acquisitions are the key strategies used by the Chinese manufacturers to increase their market share. North America is growing at a CAGR of XX %. Europe shows a significant growth in aluminum market owing to flexibility and contribution to energy efficiency making it favorable for applications in building and construction. The objective of the report is to present a comprehensive analysis of the Global Aluminum Materials Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Aluminum Materials Market dynamics, structure by analyzing the market segments and project the Global Aluminum Materials Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Aluminum Materials Market make the report investor’s guide. For more information to visit : https://www.maximizemarketresearch.com/market-report/aluminum-market/13559/ Scope of the Aluminum Market:Aluminum Market, By Product Type:• Plates • Ingots • Sheets & Foils • Cables & Wires Aluminum Market, By End-User Type:• Transport • Building & Construction • Electrical Engineering • Consumer Goods • Foil & Packaging • Machinery & Equipment • Others Aluminum Market, By Region:• North America • Europe • Asia Pacific • Middle East & Africa • Latin America Key Players Analysed In the Aluminum Market:• United Company RUSAL Plc. • Aluminum Corporation of China Limited • Rio Tinto Alcan Inc. • Aluminum Bahrain B.S.C • Ball Corporation • BHP Billiton Limited • Century Aluminum Company • Crown Holdings Incorporated • Constellium N.V. • Glencore International AG • Hindalco Industries Ltd. • Jindal Iron & Steel Company Limited • JW Aluminum Company • Kaiser Aluminum Corporation • National Aluminum Company Limited • Orkla ASA • Rexam plc • Shandong Nanshan Aluminum Co. • South32 Limited • State Power Investment Corporation • Talco Aluminum Company • Vale • Vedanta ReProduct s Plc. This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Lumawant Godage Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: sales@maximizemarketresearch.com Address : Pune, Maharashtra 411051, India. Contact: +919607195908
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Aluminum ranks number two in the consumption volumes among all the metals, exceeds by steel. Demand for Aluminum will continue increasing unstoppable rates. A recent innovation in the industry and urban areas also, demand for the aluminum from end-use industries such as transportation and construction, electrical, machinery along with rising automotive industry are the major factors driving the growth of the market.