August 19, 2022

According to the latest market analysis by the FBI, the global Aluminium market size will surge at a steady rate over the forecast period from 2018 to 2029. The objective of the report is to unmask the growth drivers, restraints, key trends, threats, and growth opportunities shaping the future of the market. The analysis aims at assisting businesses to capitalize on upcoming opportunities and prepare for unforeseen challenges.

The global aluminium market is set to gain traction from the increasing usage of aluminium by automotive designers and engineers for surging fuel economy and reducing emissions. Fortune Business Insights™ presented this information in a newly published report, titled, “Aluminium Market Size, Share & Industry Analysis, By End-use (Construction, Transportation, Packaging, Electrical, Consumer Durables, Machinery & Equipment, and Others), and Regional Forecast, 2020-2027.” The report further states that the aluminium market size was USD 164.23 billion in 2019 and is projected to reach USD 242.44 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period.

The report offers thorough information about the overview and scope of the Market along with its drivers, restraints, and trends. It is a phenomenal compilation of qualitative and quantitative aspects that explore the competitive landscape, segmentation, geographical expansion, sales and revenue, production, and consumption growth of the global market. Players can use the report’s reliable Market facts and figures, as well as statistical studies, to better understand the existing and future growth of the global Aluminium market.

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The report contains a detailed analysis of market size for various segments and countries in previous years, as well as future forecasts. The Aluminium Industry size report delves into the competitive landscape of the global market. The Market dynamics, drivers, and segmentation by application, type, region, and manufacturer are all covered in this report. 

Aluminium Market Report Scope

ATTRIBUTES Short DETAILS
FORECAST YEAR 2022-2029
BASE YEAR 2021
SEGMENTS Types, Applications, End-Users, and more.
COMPANIES COVERED

  • UC RUSAL (Russia)
  • Aluminum Corporation of China Limited (CHALCO) (China)
  • Rio Tinto (UK)
  • China Hongqiao (China)
  • Alcoa Corporation (U.S.)
  • Emirates Global Aluminium (UAE)
  • Norsk Hydro ASA (Norway)
  • Hindalco Industries Ltd. (India)
  • CHINA ZHONGWANG HOLDINGS LIMITED (China)
  • Vedanta Aluminium Limited (India)
  • Novelis (U.S.)
  • Other Key Players

CUSTOMIZATION SCOPE Report customization (equivalent up to no. analysts working days) with purchase. Addition or alteration to country, regional segment scope.

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Global Aluminium Market Scope in 2022:

The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative analysis of the Market including PEST analysis, SWOT analysis, and Porter’s five force analysis. Global Aluminium Market share focuses on major six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, market supply chain, and product specifications.

Report Benefits & Key Questions Answered

  • Aluminium Historical Volume Analysis: The detailed analysis by FBI underscores fundamental drivers, restraints, and opportunities that impacted the growth of the market over the last forecast period. It offers modification in market growth due to the aforementioned dynamics and project sales performance of Aluminium for the forthcoming forecast period 2018-2028.
  • Aluminium Sales Outlook: A thorough study administered by FBI analyses key micro and macro-economic indicator and provides insights on their impact on the sales of Aluminium Size during the assessment period.
  • Aluminium Company & Brand Share Analysis: The company and brand share analysis by FBI reveals the list of leading companies in the Aluminium market and segregates these companies in Tier 1, Tier 2, and Tier 3. The study also forecasts the percentage of market share captured by these players between 2018 and 2028.
  • Aluminium Category and segment level analysis: FBI offers a detailed analysis of the factors influencing the sales prospect across key segments. category analysis provides deep insights into customer experiences, emerging trends, and growth drivers. The vital information highlighted in this section will enable market players to make a timely business decision to gain a competitive advantage.
  • Aluminium Market Trend Analysis: The analysis of the market trend discovers current and upcoming trends in the future industry and studies the impact of these trends on the demand and sales of Aluminium during the coming decade.
  • Aluminium Market Structure Analysis: The study on market structure analysis provides in-depth data about market concentration, level of competition, and tier analysis of the key players in the Aluminium market size along with their insights on their global footprint based on region, country, segment, and product portfolio.

Regions Covered in the Aluminium Market Report:

Besides segmental breakdown, the report is highly structured into a region-wise study. The regional analysis was comprehensively done by the researcher highlighting key regions and their dominating countries accounting for substantial revenue share in the Aluminium Market Size. The study helps understand how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

Rising Demand from Packaging & Solar Panels Industries to Favor Growth in EuropeGeographically, Asia Pacific earned USD 103.25 billion in terms of revenue in 2019. Developing countries, such as India, Japan, and China are the major contributors to this growth. Besides, the ongoing expansion of the automotive and construction industries in the region would aid growth. Europe is anticipated to grow steadily backed by the high demand for aluminium from end-use industries, such as solar panels and packaging. Additionally, the rising implementation of stringent laws to lower emissions would augment growth.

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