- The latest research report by Emergen Research, named ‘Global Aluminum Market - Forecast to 2032 The report provides a detailed outlook on how the pandemic has affected the key segments of the Aluminum Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Aluminum Market industry. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Aluminum Market
- The global aluminum market size was USD 156 Billion in 2023 and is expected to register a rapid revenue CAGR of 5.9 % during the forecast period. Rising demand for aluminum in construction activities and increasing consumer preference for aluminum packaging are key factors driving market revenue growth.
- Aluminum is a modern age building material, considered as the second most widely specified metal used in construction industry after steel. Aluminum is highly used in the construction industry for different applications such as in external facades, roofs, and walls, windows and doors, and various other applications. According to the United Nations (UN), presently 55% of the global population resides in urban areas, and this figure is anticipated to rise to 68% and 2.5 billion individuals living in urban areas by 205
- To know more about the report, visit @ https://www.emergenresearch.com/industry-report/aluminum-market
- Covid 19 impact analysis :
- The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Aluminum Market industry.The current COVID-19 pandemic is expected to have an effect on the growth of the Aluminum Market industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns.
- Some major players included in the global aluminum market report are:
- RusAL
- Rio Tinto
- Aluminium Corp
- Alcoa Corporation
- Emirates Global Aluminium PJSC
- Norsk Hydro ASA
- Hindalco Industries Ltd.
- Vedanta Aluminum & Power
- Arconic
- Century Aluminum Company
- JW Aluminum
- Radical Highlights of the Aluminum Market Report:
- Impact of the technological developments and R&D advancements on the Aluminum Market market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Comprehensive overview of the Aluminum Market market along with analysis of the changing dynamics of the market
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
- Competitive Landscape:
- Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
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- Aluminum Market Segmentation:
- For the purpose of this report, Emergen Research has segmented the global aluminum market on the basis of product type, alloy type, processing, end-use, and region:
- · Product Type Outlook (Revenue, USD Billion; 2019-2032)
- Sheet
- Plate
- Caste products
- Extrusion
- Others
- · Alloy type Outlook (Revenue, USD Billion; 2019-2032)
- Cast alloy
- Wrought alloy
- · Processing Outlook (Revenue, USD Billion, 2019-2032)
- Rolling
- Extruding
- Drawn
- Casting
- Forging
- Others
- · End-use Outlook (Revenue, USD Billion; 2019-2032)
- Construction
- Transportation
- Packaging material
- Consumer durables
- Machinery and equipment
- Others
- Regional Segmentation;
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
- About Emergen Research
- Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, targeat, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
- Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.