According to the latest report by IMARC Group, titled, “Aluminium Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027“, The global aluminum industry trends is expected to exhibit a CAGR of 5.66% during 2022-2027
Aluminium (AI) is a non-ferrous metallic element found in the Earth’s crust. It is strong, malleable, resistant to corrosion with high reflectivity, and excellent electrical and thermal conductivity.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts, are being done after considering the impact of this pandemic.
Aluminium Market Trends:
The market is primarily driven by the increasing usage of aluminium in various end-use industries across the globe. For instance, it is utilized in the food and beverage (F&B) industry to make packaging containers as Alhelps retain the flavor and integrity of the content. Besides this, the escalating demand for beauty and personal care products due to increasing focus on appearance, inflating income levels, and the growing influence of social media is positively influencing the usage of aluminium in the cosmetics industry. Moreover, the imposition of government regulations, such as the plastic ban, in several countries is increasing the adoption of AI in the pharmaceutical industry. On account of these factors, the market is expected to witness substantial growth in the upcoming years.
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Aluminium Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alcoa Corporation, Aluminium Bahrain BSC, Century Aluminium Company, China Hongqiao Group Limited, East Hope Group, Emirates Global Aluminium PJSC, Kaiser Aluminium, Norsk Hydro ASA, Novelis Inc. (Hindalco Industries Limited), Rio Tinto Ltd. and Vedanta limited.
The report has segmented the market on the basis on series, processing method and end use industry.
Breakup by Series:
Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8
Breakup by Processing Method: