Aluminum Market Outlook 2021, Industry Trends, Share, Size, Demand and Future Scope
SHERIDAN, WYOMING, USA, Oct. 31, 2021 / EINPresswire.com / – According to IMARC Group’s latest report, titled “Aluminum Market Report: Global Industry Trends, Share, Size, Growth, opportunity and forecast 2021-2026 “The global aluminum market has shown moderate growth during the period 2015-2020 and expects the market to grow at a CAGR of around 5% during the period 2021-2026.
Aluminum (AI) is a light metal with a silvery white color that is found in igneous rocks and exhibits excellent thermal and electrical conductivity. It is widely deployed in the food and beverage (F&B) industry because it is non-toxic in nature and helps preserve food products for an extended period of time by inhibiting the growth of microorganisms. Aluminum is also used in the manufacture of automobile bodies, wheels, frames, heat shields, car interiors and fuel systems.
As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.
Aluminum market trends:
The widespread adoption of the product in several industry verticals due to its beneficial properties, such as corrosion resistance, strength, high degree of conductivity, volumetric energy density, reflectivity and recyclability, is one of the key factors representing the growth of the global aluminum market. In addition, increasing investments in research and development (R&D) activities to produce innovative, efficient and inexpensive aluminum variants further drive the market growth. Other factors, such as the significant expansion of the construction industry, especially in developing regions, and the growing demand for recycled aluminum products, are creating positive prospects for the market.
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Analysis and segmentation of the aluminum market 2021-2026:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
Alcoa Corporation, Aluminum Bahrain BSC, Century Aluminum Company, China Hongqiao Group Limited, East Hope Group, Emirates Global Aluminum PJSC, Kaiser Aluminum, Norsk Hydro ASA, Novelis Inc. (Hindalco Industries Limited), Rio Tinto Ltd. and Vedanta Limited.
The report has segmented the market on the basis of series, processing method, and end-use industry.
Breakdown by series:
Breakdown by treatment method:
Pigments and Powder
Rod and bar
Breakdown by end-use sector:
Building and construction
Foil and packaging
Machinery and equipment
Breakdown 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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Highlights of the report:
Market performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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