Aluminium Market Report 2023-28, Industry Size, Share, Price Trends and Forecast

by Zayn Mathew Market Research Reports

According to the latest report by IMARC Group, titled, “Aluminium Market Size : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, the global aluminium market is expected to exhibit a growth rate (CAGR) of 5.4% during 2023-2028.

Aluminium (AI) is a lightweight, silvery-white metal that occurs in igneous rocks and exhibits excellent thermal and electrical conductivity. It is extensively deployed in the food and beverages(F&B)sector as it is non-toxic in nature, and helps preserve food products for a prolonged time by inhibiting the growth of microorganisms. Aluminium is also utilized for manufacturing automobile body, wheels, frames, heat shields, car interiors and fuel systems.

Aluminium Market Trends:

The widespread product adoption in several industry verticals on account of its beneficial properties, such as corrosion resistance, strength, high degree of conductivity, volumetric energy density, reflectivity and recyclability, is one of the key factors representing the global aluminium market growth. Additionally, rising investments in research and development (R&D) activities for producing innovative, effective and inexpensive aluminiumvariants are further propelling the market growth. Other factors, such as significant expansion in the construction industry, especially in the developing regions, and the rising demand for recycled aluminium products, are creating a positive outlook for the market.

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Aluminium Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global aluminium market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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., Vedanta limited, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

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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