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Global Aluminum Market to Clock 3.4% CAGR from 2021-26

The global Aluminum market was valued at US$ 81930 million in 2019 and it is expected to reach US$ 103800 million by the end of 2026, growing at a CAGR of 3.4% during 2021-2026.

An aluminum alloy is a composition consisting mainly of aluminum to which other elements have been added. The alloy is made by mixing together the elements when aluminum is molten (liquid), which cools to form a homogeneous solid solution. The other elements may make up as much as 15 percent of the alloy by mass.

EGA, Rusal, Norsk Hydro, Yinhai Aluminum, Alcoa and Rio Tinto are the world’s leading players. The industry is relatively fragmented and EGA is considered the leader in the global market, with a 5.4% share of production in 2018. Based on the application, Aluminum can be divide into Construction Industry, Foundry Industry, Transportation Industry, Packaging Industry, and Electronics Industry, etc. Construction Industry is the most important application. In 2018, Construction Industry holds 42.76% of the market share.

Global Aluminum Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Aluminum Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are EGA, Rusal, Norsk Hydro, Yinhai Aluminum, Alcoa, Rio Tinto, Xinfa Group, Alba, Chalco, Hindalco, Snto, Aluar and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-aluminum-market-research-report

Segment by Type

  • Aluminum Billets
  • Foundry Alloy Ingots

Segment by Application

  • Construction Industry
  • Foundry Industry
  • Transportation Industry
  • Packaging Industry
  • Electronics Industry
  • Others

Table of Content:

1 Aluminum Market Overview

2 Market Competition by Manufacturers

3 Production and Capacity by Region

4 Global Aluminum Consumption by Region

5 Production, Revenue, Price Trend by Type

6 Consumption Analysis by Application

7 Key Companies Profiled

8 Aluminum Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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Company Name: The Market Reports

Contact Person: Shirish Gupta

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Phone: +1-631-407-1315