Aluminium Market
Aluminium Market Overview:
Aluminium Market is estimated to reach USD 221,132.84 Million by the end of 2023, expanding at a CAGR of 6.48% during the forecast period.
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Aluminium Market Key Players:
Aluminium Market includes are;
- United Company Rusal,
- Aluminium Corporation of China Limited,
- Alcoa Inc.,
- BHP Billiton GroupRio Tinto,
- Norsk Hydro Asa,
- Century Aluminium Company,
- Rio Tinto,
- China Hongquiao Group Limited,
- Aluminium Bahrain B.S.C.,
- Hindalco Industries Limited,
Aluminium Market Key Findings:
Aluminium Market is projected to reach USD 221.14 Billion by 2023 at a CAGR of 6.48% during the review period 2017-2023. The Asia-Pacific market is accounted for the largest share and estimated to grow at CAGR of 6.69% to reach USD 141.95 Billion till 2023 due to growing end-use industries in this region.
Aluminium Market Segmentation:
Aluminium Market is majorly segmented on the basis of types, and end-use. Based on the type the market is segmented into wrought aluminium alloy and Cast aluminium alloy. Further on the basis of function the market is classified into Transportation, Automobile, Packaging, and Building & Construction.
Aluminium Market Regional Analysis:
Aluminium Market mainly includes automotive and construction industries due to better and modern lifestyle which is followed in Asia Pacific and North America.
China’s aluminium production has grown rapidly. In 2010, China produced 7.7 Million Tons of aluminium, and has an average annual growth rate of 15% with respect to contributing in the growth of the aluminium market in the last ten years till 2015. Although China is the world’s largest producer and consumer of aluminium, it is not a major exporter or importer of aluminium (although it does export value-added products such as extrusions). In 2015, Russia was the world’s largest exporter of aluminium, exporting 3.4 Million Tons, which accounts for 18 % of the total export of aluminium globally. The world’s largest importer in 2015 was Germany, which imported 2.59 Million Tons which is equivalent to 11 % of the world’s total imports.
Aluminium production cost includes in these four things: labour, power support, consumables, alumina feed and others. Australia has the lowest unit cost for alumina feed, but has the highest unit cost for labour. China is accounted have the highest unit cost for power and lowest unit cost for administration and support. Unit costs in Australia, China and India are same with respect to global aluminium market is same. The unit cost in these countries are more when compared to Indonesia and when compared to Malaysia, the unit cost in these countries are low.
Aluminium Market Table of Content to be Continue……,
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