Technavio's latest research study covers the present scenario and growth prospects of the global aluminum market for 2016-2020. Some of the top suppliers listed in the report include Hongqiao, UC Rusal, Rio Tinto Alcan, Chalco, and Alcoa
Aluminum market at a glance
Aluminum is broadly segmented into primary and secondary aluminum. Primary aluminum is produced directly from alumina oxide or bauxite ore via electrolysis, whereas secondary aluminum is a form of aluminum that is produced by recycling scrap and offers more than 90% energy efficiency over primary production.
The major end-user industries of the global aluminum market are listed below:
- Automotive and aerospace
- Foil and packaging
- Electrical engineering
- Machinery and equipment
The automotive and aerospace sectors accounted for around 27% of the global aluminum market in 2015. This is expected to increase to 40% by 2020 as the automobile industry is focusing on developing vehicles that are fuel-efficient and have controlled and limited CO2 emissions along with enhanced design aspects. Also, the increased use of aluminum in modern cars is a key demand driver; usage has increased from an average of 35 kg in 1970 to 150 kg in 2015, engineers and designers are expecting it to reach 250 kg by 2025.
According to Angad Singh, a category spend intelligence specialist, "The construction sector is the second highest consumer of aluminum and accounted for approximately 25% of the global consumption in 2015. It is expected to grow by 5% through 2018 due to the increasing use of aluminum in building roofs, siding, translucent panes, windows, and door frames. Also, the increasing number of high-rise building projects and bridges in BRICS is accelerating demand for aluminum in this sector
Request a sample report: http://www.technavio.com/request-a-sample?report=53735
Technavio's new market intelligence sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Profit margin by supplier type 2015 (%)
In the aluminum market, the global players have higher profit margins as they are mostly vertically integrated holding companies; they own bauxite mines and alumina refineries, thereby becoming independent of price fluctuations and other external factors such as raw material shortage. On the contrary, many regional and small players have to procure raw materials from external suppliers and distributers, making them highly dependent on price fluctuations and prone to downtimes in production caused by raw material shipping delays.
Browse Related Reports:
- Global Hosting Services Procurement Market Intelligence Report 2016
- Pumps and Compressors Procurement Market Intelligence 2016
- Global Market Research Services Procurement Market Intelligence 2016
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact firstname.lastname@example.org with your requirements and our analysts will be happy to create a customized report just for you.
Technaviois a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.
Media Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770