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The global aluminium market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Aluminium (Al) is one of the most abundant non-ferrous metallic elements in the Earth’s crust. It is durable, malleable, strong, lightweight, flexible, and resistant to corrosion and oxidation. It has high reflectivity and excellent electrical and thermal conductivity. It forms compounds with other chemical elements easily, thereby making it popular for use in a variety of applications. For instance, Al mixed with silicon and magnesium is used in the manufacturing of wheels, engines, chassis, and other parts of modern automobiles. It is also used to produce smartphones, tablets, personal computers (PCs), refrigerators, and other electronic items across the globe.
The market growth can be attributed to the extensive use of Al in different end use industries across the globe. For instance, it is employed in the food and beverage (F&B) industry for making packaging containers as Al helps retain the flavor and integrity of the content. This, in confluence with the escalating demand for ready-to-eat (RTE) food items, is propelling the market growth. Apart from this, there is a rise in the sales of beauty and personal care products around the world on account of inflating income levels, increasing focus on appearance, and the growing influence of social media. This is positively influencing the utilization of AI in the cosmetics industry. It helps in packing and protecting cosmetic products from contamination during storage and shipping. Furthermore, it finds applications in the production of different dosage forms of medications, including capsules, creams, lotions, liquid, and powders. This, along with the imposition of plastic bans in several countries, is contributing to the adoption of Al in the pharmaceutical industry.
IMARC Group provides an analysis of the key trends in each sub-segment of the global aluminium market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on series, processing method and end use industry.
Breakup by Series:
Breakup by Processing Method:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
|Base Year of the Analysis||2020|
|Segment Coverage||Series, Processing Method, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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