Aluminium Market

Global Aluminium Market 2022-2027, Propelled by Increasing Product Applications Across Various End Use Industries

SHERIDAN, WY, UNITED STATES, June 28, 2022 /EINPresswire.com/ -- According to the latest report by IMARC Group, titled, "Aluminium Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027",The global aluminium market is expected to exhibit a CAGR of 5.66% during 2022-2027.

Aluminium (Al) refers to a silver-white metallic chemical element that is malleable, durable, strong, lightweight, flexible, resistant to corrosion and oxidation, etc. It has excellent thermal as well as electrical conductivity and high reflectivity. In line with this, aluminium forms compounds with other chemical elements easily, thereby making it popular for use in various applications. It is extensively utilized in foils, electronic components, cans, airplane parts, kitchen utensils, window frames, etc.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Aluminium Market Trends:

The escalating demand for ready-to-eat (RTE) snacks, on account of the expanding working population with busy schedules and hectic lifestyle, is primarily driving the aluminium market. Additionally, the widespread adoption of AI in several industries, such as packaging, construction, automotive, food and beverage (F&B), etc., is further stimulating the market growth. Besides this, the increasing sales of personal care items are propelling the need for aluminium that aids in packing and protecting cosmetic products from contamination during shipping and storage. This, in turn, is catalyzing the global market. Moreover, the growing utilization of this element in the production of medications, including capsules, creams, lotions, liquid, powders, etc., is acting as another significant growth-inducing factor. Apart from this, government bodies across countries are also implementing numerous stringent regulations to limit the usage of plastics, owing to the rising consumer environmental concerns, which is projected to fuel the aluminium market in the coming years.

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Aluminium Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Alcoa Corporation, Aluminium Bahrain BSC, Century Aluminium Company, China Hongqiao Group Limited, East Hope Group, Emirates Global Aluminium PJSC, Kaiser Aluminium, Norsk Hydro ASA, Novelis Inc. (Hindalco Industries Limited), Rio Tinto Ltd. and Vedanta limited.

The report has segmented the market on the basis on series, processing method and end use industry.

Breakup by Series:

Series 1
Series 2
Series 3
Series 4
Series 5
Series 6
Series 7
Series 8

Breakup by Processing Method:

Flat Rolled
Castings
Extrusions
Forgings
Pigments and Powder
Rod and Bar

Breakup by End Use Industry:

Transport
Building and Construction
Electrical Engineering
Consumer Goods
Foil and Packaging
Machinery and Equipment
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
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