Global Aluminum Market Research Report-Forecast 2023 REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Global aluminum market research forecast: by the application (transportation, building & construction, machinery & equipment, electrical, consumer goods, packaging, foils, others), and region till 2023 Synopsis of Global Aluminum Market Aluminum is one of the most widely used metals and the third most abundant element on the planet Earth. Bauxite is the primary raw material used in the production of aluminum. Aluminum appears silver twhite color, which is soft and non-magnetic ductile metal. The distinguished physical properties namely, great corrosion and oxidation resistance, higher electrical and thermal conductivity, low density, and reasonably high strength are attributed tthe growing use of the metal in numerous applications such automotive & transportation, building & construction, and electrical and electronics. The global aluminum market has been projected tregister USD 221.13 billion by the end of 2023, by growing at a healthy CAGR of 6.48% during the review period. This is growth is primarily attributed tgrowing demand for the product from the rapidly growing transportation sector on the backdrop of rising global trend. Surging demand from the major end-use industries such as transportation and construction and steadily reviving housing sectors in developed regions may further propel the growth of the market. Moreover, flourishing automotive industry and continuously increasing demand for aluminum and its alloys from China are the major factors driving the growth of the market during the years tfollow. Global Aluminium Market Share, by Application, 2016 (%) Sources: MRFR Analysis Regional Analysis Regionally, the global aluminum market is broadly spanned across five major regions: North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among these regions, Asia Pacific accounted for the largest share of the market as of 2016. During the years tfollow this region is estimated texpand at the highest CAGR of 6.69%, among other regions. This is projected thelp this region mark USD 141.95 billion by the end of the forecast period. The primary factors favoring the dominance of Asia Pacific are the swift industrialization, which is steadily heading north along with the increasing demand for aluminum and its alloys from China, India, South Korea, and other emerging economies in this region. Following Asia Pacific, Europe holds the second largest share of the market on account of growing renovation and repair work in the building and construction industry. In 2016, Germany accounted for the major share of 31.84% in this regional market and is likely tretain its dominance over the review period due tgreater penetration of lading end-user industries such as construction and automotive. Lastly, the Middle East & Africa and Latin America are another substantial regions in the global aluminum market. As per our analysis, the U.A.E is registering significant growth in this market in terms of both value and volume. Segmentation The global aluminum market is broadly segmented on the basis of application and region. On the basis of the application, the market is categorized intbuilding & construction, transportation, electrical, machinery & equipment, consumer goods, foils, and packaging. Based on the region, the global aluminum market is divided intfive key regions: Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Key Players The prominent players in the global aluminum market are RiTintAlcan Inc. (Canada), RinTintAustralia (Australia), RUSAL (Cyprus), Norsk HydrASA (Norway), China Aluminum Corporation (China), DUBAL (U.A.E), Alcoa Corporation (U.S.), Century Aluminum Company (U.S.), Vedanta Ltd. (India), Aluminum Bahrain (Alba) (Bahrain), China Hongqia(China), and BHP Billiton Aluminum Australia Pty Ltd. (Australia), and others. Key Findings The global aluminum market is estimated treach at USD 221.14 billion by the end of 2023, by growing at a robust CAGR of 6.48% during the forecast period of 2017-2023. Among five major regions, Asia Pacific is accounted for the major share and is alsestimated tregister a healthy CAGR of 6.69% tattain a mark of USD 141.95 billion by the end of forecast period. This is due tthe growing end-user industries in this region. Country-wise, China is the largest producer as well as consumer of aluminum and its alloys, which accounts for 57.02% of the global aluminum production. This market is a greatly fragmented market intsignificant numbers of tier 1 manufacturers, which are dominating the market. Geographic Analysis The global aluminum market is expected tgrow at a CAGR of 6.48% during the estimation period 2017-2023. The Asia Pacific estimated thold the largest share due tthe growth of the major end-use industries in the region. Among other applications of the product, the building & construction industry is likely tdominate the global aluminum market during the forecast period 2017-2023. The report covers brief analysis of geographical region includes World Asia Pacific China India Japan South Korea Rest of Asia Pacific Europe Germany UK Italy France Spain Rest of Europe North America US Canada Middle East & Africa U.A.E Saudi Arabia Latin America Brazil Mexico Intended Audience Manufacturers and distributors of Aluminum Manufacturers and distributors of Aluminum Suppliers and traders Government, associations and industrial bodies Investors and Trade experts Consulting with chemical experts DC description aluminum foil industrial use for aluminum aluminum alloy aluminum mineral bauxite ore of aluminum To know more, click on the link below:- https://www.kenresearch.com/metal-mining-and-chemicals/metals–minerals/global-aluminum-market-research-report-forecast/144767-101.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Post Views: 4 Tags: Global Aluminum Market Analysis, Global Aluminum Market Competition, Global Aluminum Market Forecast, Global Aluminum Market Future Outlook, Global Aluminum Market Growth Analysis, Global Aluminum Market Opportunities, Global Aluminum Market Overview, Global Aluminum Market Research Report, Global Aluminum Market Revenue, Global Aluminum Market Shares, Global Aluminum Market Size, Global Aluminum Market Statistics, Global Aluminum Market Trends, Global Aluminum Market Value
