Aluminum Market Overview:
Aluminum Market is estimated to reach USD 221,132.84 Mn by the end of 2023, expanding at a CAGR of 6.48% during the forecast period. This is anticipated to boost growth of the global aluminum market in manufacturing light yet durable automotive parts. Moreover, surging demand from electronics, packaging and consumer goods applications is expected to further boost growth of the market.
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Aluminum Market Key Players:
Aluminum Market includes are: United Company Rusal, Aluminum Corporation of China Limited, Alcoa Inc., BHP Billiton GroupRio Tinto, Norsk Hydro Asa, Century Aluminum Company, Rio Tinto, China Hongquiao Group Limited, Aluminum Bahrain B.S.C. and Hindalco Indsutries Limited.
Aluminum Market Segmentation:
Aluminum Market is majorly segmented on the basis of types, and end-use. Based on the type the market is segmented into wrought aluminum alloy and Cast aluminum alloy. Further on the basis of function the market is classified into Transportation, Automobile, Packaging, and Building &Construction.
Aluminum Market Regional Analysis:
Aluminum Market mainly includes automotive and construction industries due to better and modern lifestyle which is followed in Asia Pacific and North America.
China’s aluminum production has grown rapidly. In 2010, China produced 7.7 Million Tons of aluminum, and has an average annual growth rate of 15% with respect to contributing in the growth of the aluminum market in the last ten years till 2015. Although China is the world’s largest producer and consumer of aluminum, it is not a major exporter or importer of aluminum (although it does export value-added products such as extrusions).
In 2015, Russia was the world’s largest exporter of aluminum, exporting 3.4 Million Tons, which accounts for 18 % of the total export of aluminum 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.
Aluminum Market Table of Content to be Continue……,
Complete List of Tables and Figures @ https://www.marketwatch.com/press-release/aluminum-market-2018-computing-growth-estimated-to-reach-usd-22113284-million-dollar-at-grow-a-cagr-of-648-during-the-forecast-period-to-2023-2018-09-12