Global Aluminium Industry Outlook 2022 value is expected to increase at a CAGR of around 5.66% over 2027

According to the latest report by IMARC Group, titled, "Aluminium Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027",The global aluminium market is expected to exhibit a CAGR of 5.66% during 2022-2027

Aluminium Industry Definition and Application:

Aluminium (AI) is a lightweight, malleable, ductile, and silvery-white metal that occurs in igneous rocks. It has low density, high thermal conductivity, and exhibits excellent corrosion resistance, non-toxic, non-magnetic and non-sparking properties. It is extensively employed for aircraft construction, building materials, electrical conductors, and chemical and food processing equipment as it can easily be machined and formed. Besides this, it is utilized in various other products, including kitchen utensils, cans, foils, window frames, airplane parts, and beer kegs. It also finds application in the manufacturing of refrigerators, air conditioners, cooking utensils, mirrors, furniture, and sporting equipment. In addition, it is used for drying gases in liquids and serves as a carrier for catalysts of various chemical reactions.

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.

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Aluminium Market Trends and Drivers:

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.

Aluminium Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

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:

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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