Global Aluminum
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014-2020
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Report
Description
Report Description
Aluminum is one of the most abundant metals found in the earth’s crust. Aluminum’s
properties such as low metal density and its ability to resist corrosion make it the most
favorable metal among the end-users. It is silvery white in color and be molded into very thin
sheets having high strength and durability. Aluminum finds its application across many
industries such as transportation, construction, packaging, consumer durables, electrical,
machinery and equipment among others.
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One of the key factors that contributes to the growth of aluminum market is the growing
automobile industry. Increase in demand for light weight and fuel efficient vehicles is expected
to boost the demand of aluminum in the automobile industry. On a global level, in the
aluminum market China is the leading producer of aluminum followed by Russia and Canada.
The aluminum market has witnessed an overall increase in the production capacity by the
major producers across the world. High degree of vertical integration is another major trend
witnessed in the aluminum market. Major aluminum manufacturers in the aluminum market
are integrating their value chain in order to gain a significant control over the supply chain and
offer the product to customers at reduced costs, thereby, increasing their market penetration.
Aluminum market exhibits high degree of upstream as well as downstream integration.
However, aluminum prices have witnessed an all time low over the recent past owing to
oversupply in the aluminum market. Volatility of raw material prices of aluminum coupled
with stringent government regulations is expected to restrain the growth of the market. Many
efforts are carried out by the vendors in order to comply with the regulations vendors which
further leads to higher operating and manufacturing cost of aluminum.
Report
Description
Report Description
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Key participants in the aluminum market include Vedanta Resources plc, Dubai Aluminum
Co. Ltd., Aluminum Corp. of China Ltd., Norsk Hydro ASA, BHP Billiton Ltd. and United Co.
RUSAL among others.
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