Market Analysis

The Aluminium Metal Market has experienced a steady period of growth since its discovery. Market Research Future which specializes in market reports related to the chemicals and materials sector amongst others lately published a report on this industry. The market is projected to reach USD 1, 60,697 million by the end of the year 2022, while growing at a CAGR of 5.3 per cent from 2016 to 2022.

Due to the widespread availability and abundance of the metal, have led to the presence of this metal in diverse applications. Applications of aluminium have also significantly contributed to the increase of the metal extraction. The characteristics of the metal such as light weightedness, flexiblity and malleability have led to the incorporation of the product in diverse industry.

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Key Players

 Notable players profiled in the aluminium metals market report include 

Aluminium Corporation of China Ltd (China)
Alcoa Inc. (US)
RUSAL (Russia)
China Hongqiao Group Limited (China)
Rio Tinto Alcan Inc. (Canada)
Emirates Global Aluminium PJSC (UAE)
and Norsk Hydro ASA (Norway).

Market Segmentation

 The aluminium metals market is segmented in terms of application and type. 

 By type, the aluminium metals market is segmented into recycled aluminium and primary aluminium. Among these, the primary type will dominate the market during the forecast period for its extensive use in electrical industries, construction, transport, and packaging. 

 By application, the aluminium metals market is segmented into machinery equipment, automotive transportation, consumer goods, construction, electrical, foil and packaging, and others. Among these, the automotive transportation application will have the maximum share in the market during the forecast period for the burgeoning demand for aluminium in transportation and automotive to produce lightweight components that will reduce fuel consumption and improve the fuel economy. 

 Regional Analysis

 The global aluminium metals market is geographically distributed across the following key regions- Europe, Latin America, the Asia Pacific, North America, and the Middle East and Africa. Of these, the Asia Pacific region will dominate the market during the forecast period. Various factors propelling the growth of the aluminium metals market in the region include increasing consumption of the metal in different end-use industries, increasing urbanization, easy accessibility, booming construction, and automotive transportation industries, and presence of a large consumer base. India, Japan, and China are the major contributors in the region. 

 In Europe, the aluminium metals market will have the second-largest share during the forecast period. Various factors propelling the growth of the aluminium metals market in the region include recovering economic growth, demand for lightweight material, presence of key automobile manufacturers, and increasing use in automotive components. Germany is the major contributor in this region. 

 In North America, the aluminium metals market will have healthy growth during the forecast period for the recovery in the construction industry and growing automotive production. 

 In the Middle East Africa, the aluminium metals market will have notable growth during the forecast period. Various factors propelling the growth of the aluminium metals market in the region include the presence of many oil gas reserves in the UAE, Saudi Arabia, and Israel, booming construction industry, and rapid industrial growth. 

 In Latin America, the aluminium metals market will have moderate growth during the forecast period for the increasing investment in the automotive as well as the aerospace industry in Brazil and Mexico. 

 Industry Updates:

Jan 2018 Axion Recycling, which is a resource recovery expert will be entering into a business association with Jaguar Land Rover in its ongoing venture to grow the recycled aluminium content in fresh cars. The project named the REALITY project was established in 2017 and will continue for three years. Another initiative, The REALCAR scheme retrieved over 75,000 tonnes of aluminium from vehicles at their end-of-life stage in period from 2016 to 2017 which were used again in new vehicles.

Jan 2018 Novelis which is an American subsidiary of the Aditya Birla flagship Hindalco that they will spend around $300 million in an aluminium sheet manufacturing facility for automotive in Kentucky owing to its plans to increase the production for automotive needs to meet the accumulative demand. The project which is anticipated to get commissioned by 2020 will have a volume of 200,000 metric tons and will comprise of heat treatment and pre-treatment lines that prepare aluminum for vehicle parts.
Jan 2018 Yunnan Chihong Zinc, Yunnan Aluminium and Germanium recently announced that their holding entity, the State-owned Assets Supervision and Administration Commission (SASAC) of the Yunnan branch, was preparing to excercise its governing stake in these entities to unite with Chinalco.

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