NEW YORK , April 22, 2022 /PRNewswire/ -- The Aluminum Market Share is expected to increase by 13.66 million tons from 2019 to 2024, with an accelerated CAGR of 3%, according to the recent market study by Technavio.
Segmentation by End-user (In-Scope/Out-of-Scope)
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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Aluminum Market includes the following core components:
Segmentation- The report extensively covers market segmentation by End-user (transportation, construction, packaging, electrical engineering, and others), Geography (APAC, Europe , North America , MEA, and South America ), and Production process (primary aluminum and secondary aluminum)
Key Companies- Alcoa Corp., Aluminum Corp. of China Ltd., China Hongqiao Group Ltd., Emirates Global Aluminium PJSC, Kaiser Aluminum Corp., National Aluminium Co. Ltd., Norsk Hydro ASA, Rio Tinto Ltd., United Company Rusal Plc, and Xinfa Group Co. Ltd. among others
Driver- Increasing demand for aluminum in electric vehicles to drive the market
Challenge- High volatility in London Metal Exchange (LME) prices of aluminum to hamper the market growth
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The aluminum market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Alcoa Corp.- The company produces primary aluminum and its product portfolio includes bauxite, alumina and aluminum.
China Hongqiao Group Ltd.- The company is engaged in the manufacturing and sales of primary aluminum and aluminum products.
Emirates Global Aluminium PJSC- The company produces high-quality aluminum products in three main categories: high -purity and foundry re-melt products, rolling products, and billets for extrusion and forging.
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Accelerate at a CAGR of 3%
APAC, Europe, North America, MEA, and South America
China, US, India, Germany, and Japan
Leading companies, competitive strategies, consumer engagement scope
Alcoa Corp., Aluminum Corp. of China Ltd., China Hongqiao Group Ltd., Emirates Global Aluminium PJSC, Kaiser Aluminum Corp., National Aluminium Co. Ltd., Norsk Hydro ASA, Rio Tinto Ltd., United Company Rusal Plc, and Xinfa Group Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Market outlook: Forecast for 2019 - 2024
Market Segmentation by End-user by Volume
Comparison by End-user by volume
Transportation - Market size and forecast 2019-2024 (million tons)
Construction - Market size and forecast 2019-2024 (million tons)
Packaging - Market size and forecast 2019-2024 (million tons)
Electrical engineering - Market size and forecast 2019-2024 (million tons)
Others - Market size and forecast 2019-2024 (million tons)
Market opportunity by End-user by volume
Market Segmentation by Production Process by Volume
Comparison by production process by volume
Primary aluminum - Market size and forecast 2019-2024 (million tons)
Secondary aluminum - Market size and forecast 2019-2024 (million tons)
Market opportunity by production process by volume
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Aluminum Corp. of China Ltd.
Currency conversion rates for US$
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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