According to the latest report by IMARC Group, titled, “Aluminium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“,The global aluminium market exhibited moderate growth during 2015-2020 and expects the market to grow at a CAGR of around 5% during 2021-2026.
Aluminium (AI) is a non-ferrous metallic element found in the Earth’s crust. It is strong, malleable, resistant to corrosion with high reflectivity, and excellent electrical and thermal conductivity.
Report Metric Historical: 2015-2020
Base Year: 2020
Forecast Year: 2021-2026
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Aluminium Market Trends:
The market is primarily driven by the increasing usage of aluminium in various end-use industries across the globe. For instance, it is utilized in the food and beverage (F&B) industry to make packaging containers as Alhelps retain the flavor and integrity of the content. Besides this, the escalating demand for beauty and personal care products due to increasing focus on appearance, inflating income levels, and the growing influence of social media is positively influencing the usage of aluminium in the cosmetics industry. Moreover, the imposition of government regulations, such as the plastic ban, in several countries is increasing the adoption of AI in the pharmaceutical industry. On account of these factors, the market is expected to witness substantial growth in the upcoming years.
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Aluminium Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis on series, processing method and end use industry.
Breakup by Series:
Breakup by Processing Method:
Pigments and Powder
Rod and Bar
Breakup by End Use Industry:
Building and Construction
Foil and Packaging
Machinery and Equipment
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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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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