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Global Aluminium Market Analysis and Forecast to 2025

Added: (Thu Mar 28 2019)

Pressbox (Press Release) - Global Aluminum Market was Valued at US$ XX Mn in 2018, Due to Growing Automobile Industry
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The Global Aluminum Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over next seven years 2019-2025 due to growing automobile industry

The global Aluminum market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors responsible for the market growth include rise in global economic growth rate, continuous advancements in transport industry, ongoing R&D activities to develop innovative and growing automobile industry. Moreover, an increase in net aluminum pounds per vehicle is one of the major trends being witnessed in this market. However, factors such as presence of substitutes and fluctuations in prices of raw materials are restricting the market growth.

Global aluminum market segmented on the basis of product, type, application and region.

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Foil & Packaging Application Dominate the Global Aluminum Market

Based on the application, global aluminum market segmented into building & construction, consumer goods, electrical, foil & packaging, hardware & accessories, machinery & equipment, solar industry, transportation, utensils and others. Aluminum is one of the chosen packaging materials in the food & beverages industry, due to its incomparable inherent features. Aluminum is chiefly used in foils in the packaging sector. Therefore, aluminum is preferred by consumers as well as recyclers.
Aluminum foils are multipurpose and offer safety to food products from oxygen and light. For example, thin aluminum foils, in combination with plastic and paper, are used for emerging laminating films for aseptic beverage cartons.
Asia Pacific Leads the Global Aluminum market

PBI’s global aluminum market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global aluminum market with considerable CAGR. The growth in this region can be attributed to booming construction sector. Growth of the automobiles industry and rising purchasing power in the developing economies are further influencing the market growth.

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Strategic Announcements are the key strategies adopted by market players

Global aluminum market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, Alcoa together with Rio Tinto announced world’s first carbon-free aluminum smelting process. This is a revolutionary smelting process that can deliver a significant reduction in carbon emissions. It builds on the key role aluminium has to play in driving human progress, by making products infinitely recyclable, stronger, lighter and more fuel efficient.

Key player’s profiles in the report are Alcoa Corporation (U.S.), Aluminum Bahrain (Bahrain), Aluminum Corporation of China (China), BHP Billiton Aluminum Australia Pty Ltd. (Australia), Century Aluminum Company (U.S.), China Hongqiao Group (China), Emirates Global Aluminum PJSC (UAE), Hindalco Industries Limited (India), Norsk Hydro ASA (Norway), Rio Tinto Alcan Inc. (Canada), Rio Tinto Australia (Australia), RUSAL (Russia) and Vedanta Ltd. (India).

Precision Business Insights (PBI) in its report titled “Global Aluminum Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.

Detailed Segmentation

By Product
o Nylon
o Polyester
o Polyethylene
o Polypropylene
o Specialty Fibers
o Flat Rolled
• Building Sheet
• Can Body Stock
• Common Alloy
• Foil Stock
• Lithosheet
• Others
o Pigment & Powder
o Forgings
o Extrusions
o Castings
o Rod & Bar
• Wires & Cables
• Aluminum Conductors
• Others
o Others
By Type
o Secondary/Recycled Aluminum
o Primary Aluminum
By Application
o Building & Construction
o Consumer Goods
o Electrical
o Foil & Packaging
o Hardware & Accessories
o Machinery & Equipment
o Solar Industry
o Transportation
o Utensils
o Others
Geography
o North America
• U.S
• Canada
o Europe
• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

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Precision Business Insights is one of the leading market research and management consulting firm, run by a group of seasoned and highly dynamic market research professionals with a strong zeal to offer high-quality insights.

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Shreya Paul
Senior Business Development Executive
Email @ shreya@precisionbusinessinsights.com
Call @ +1-866-598-1553
Precision Business Insights



Submitted by:Contact Us: Shreya Paul Senior Business Development Executive Email @ shreya@precisionbusinessinsights.com Call @ +1-866-598-1553 Precision Business Insights
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