The Global Aluminum Market size valued to USD 151.99 billion in 2019, is predicted to reach USD 205.72 billion by 2030, with a CAGR of 2.70% from 2020-2030. Aluminum is an abundant metal having strong affinity towards oxygen and possess significant strength. Its characteristics such as low metal density, resistance to corrosion, high conductivity, high malleability as well as ductility, non-toxicity, high resistivity, high reflectivity, recyclability, high volumetric energy density, exceptional light weight and anti-microbial property, makes it highly advantageous in food & packaging industries, pharmaceutical industries, electric transmission applications, aerospace industries as well as in other industry verticals. Market Segmentations and Scope of the Study: The Aluminum market share analysis is based on type, product, vertical industry, and geography. Based on type, the market is segmented into primary Aluminum and secondary/recycled Aluminum. Based on product, the market covers castings, extrusions, flat rolled, forgings, rod & bar, pigments & powder, and others. Based on vertical industry, the market is classified into transport, building & construction, electrical, hardware & accessories, consumer goods, foil & packaging, machinery & equipment, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW. Request for a free sample- https://www.nextmsc.com/Aluminum-Market/requestsample Geographical Analysis Asia-Pacific is dominating the global Aluminum market, and it is expected to maintain its dominance throughout the forecast period, accounting for highest market shares. This is attributable to the factors including rapid urbanization, industrial development, higher usage in transportation as well as building & construction industries. Europe being the secondlargest Aluminum market, is expected to hold significant market share owing to recovering economic growth and growing demand for lightweight material from the automotive industry. North America region is expected to witness a substantial growth in the global Aluminum market, owing to increasing use of recycled Aluminum
products, infrastructural
advancements as well as technological developments. Inquire before buying- https://www.nextmsc.com/Aluminum-Market/inquire-beforebuying Competitive Landscape
Comprehensive competitive analysis and profiles of the major market players such as Rio Tinto Alcan Inc., United Company RUSAL Plc., Alcoa Corporation, China Hongqiao Group Ltd., China Power Investment Corp., Xinfa Group Co., Ltd., East Hope Group Company Limited, Emirates Global Aluminum PJSC, Norsk Hydro ASA, Aluminum Corporation of China Limited, and among others are provided in the Aluminum market report. The prominent players have adopted product launches and collaborations as their key strategies to gain substantial share in the global Aluminum market. For instance, in May 2019, the Chinese manufacturing giant East Hope Group Company Limited collaborated with Khalifa Industrial Zone Abu Dhabi (KIZAD), on setting up a development project worth more than $10 billion at Abu Dhabi’s industrial hub. The 15-year, three-phase development plan strategizes at developing an alumina facility in phase one of the project, a red mud research centre and recycling unit in phase two of the project as well as large-scale upstream and downstream non-ferrous metal processing facilities in the final phase of the project. With this integration, the players aim at setting up the strictest environmental standards, hence facilitating the UAE’s sustainability ambitions. About Us: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts. For more insights, please visit, https://www.nextmsc.com
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