Global aluminium market was valued at $133,564 million in 2015, and is expected to reach $167,277 million by 2022, growing at a CAGR of 3.3% from 2016 to 2022. Aluminium is a lightweight, nonmagnetic, soft, and ductile metal present in the boron group. It is the third most abundant element found in the earth's crust, but is seldom found uncombined in nature. It is usually extracted from minerals such as cryolite and bauxite. It forms a reflective coating when evaporated in vacuum, which is utilized to of manufacture telescope mirrors, packaging, and toys. It is used in production of variety of products such as foils, window frames, kitchen utensils, airplane parts, beer kegs, and others.

Growth in transport industry and technological advancements in aluminium manufacturing technologies and processing equipment are the major factors that drive the growth of the aluminium market. Rapid increase in applications in various end-user industries such as construction and packaging further fuel the market growth. Asia-Pacific is expected to register substantial growth owing to growth in income of people in urban areas, rapid industrial development, and massive urbanization in emerging economies such as China & India. Increase in competition from substitutes such as carbon fiber and fluctuation in prices of raw materials restrain the market growth. However, rise in demand for recycled aluminium products is expected to provide potential growth opportunities for the industry.

The report segments the aluminium market on the basis of end user, processing method, and geography. According to end user, the market is divided into transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others (solar panel nanotechnology and aluminium air batteries). Based on processing, it is categorized into flat rolled, castings, extrusions, forgings, pigments & powder, and rod & bar. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In November 2016, Alcoa Corporation launched SUSTANA, an aluminium product line manufactured with recycled content and low carbon emissions to cater to the rising demands for sustainable aluminium products. The key products of this product line include ECOLUM and ECODURA. ECOLUM is a range of least carbon-intensive cast products and ECODURA are aluminium billets produced from recycled content.

Major players operating in this market are

Alcoa Corporation
Aluminium Corporation of China Limited (CHALCO)
China Hongqiao Group Ltd.
China Power Investment Corp. (CPI)
East Hope Group Company Limited
Emirates Global Aluminium PJSC
Norsk Hydro ASA
Rio Tinto Alcan Inc.
United Company RUSAL Plc.
Xinfa Group Co., Ltd.

KEY BENEFITS FOR STAKEHOLDERS

This report provides a quantitative analysis of the current trends and estimations from 2014 to 2022 of aluminium market, which assists to identify the prevailing market opportunities.
Major countries in each region are mapped according to individual market revenue.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
An in-depth analysis of current research and clinical developments within the market is provided with key dynamic factors that highlight the market behavior.
Leading players and their key developments in recent years are listed.

Aluminium Market Key Segments:

By End User Industry

Transport
Building & Construction
Electrical Engineering
Consumer Goods
Foil & Packaging
Machinery & Equipment
Others (Solar Panel Nanotechnology and Aluminium Air Batteries)

By Processing Method

Flat Rolled
Castings
Extrusions
Forgings
Pigments & Powder
Rod & Bar

By Geography

North America
U.S.
Mexico
Canada
Europe
UK
Germany
Italy
France
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Turkey
Rest of LAMEA

KEY PLAYERS

Aluminium Bahrain B.S.C
Ball Corporation
BHP Billiton Limited
Century Aluminium Company
Crown Holdings Incorporated
Constellium N.V.
Glencore International AG
Hindalco Industries Ltd.
Jindal Iron and Steel Corporation Limited
JW Aluminium Company
Kaiser Aluminium Corporation
National Aluminium Company Limited
Orkla ASA
Rexam Plc.
Shandong Nanshan Aluminium Co., Ltd.
South32 Limited
State Power Investment Corporation
Talco Aluminium Company
Vale SA
Vedanta Resources Plc.

(Companies mentioned above are not profiled in the report, but can be profiled upon client request.)