Leading countries in worldwide bauxite mine production . ET In the first five months, the sales profit rate of the aluminum industry was 7.1%, compared with 1.1% in the same period last year; the asset-liability ratio was 60.7%, compared with 65.3% in the same period last year. USD 277.5 Billion. The trends that have affected the aluminum industry in North America during the past 40 to 50 years reveal many of the driving forces that will shape the future. The aluminum market is evaluated at USD 108. Over the next five years the Aluminum Fluoride Market will register a magnificent spike in CAGR in terms of revenue. #1. The growing need for high-performance and durable . Interesting Aluminum Foil Industry Statistics. Middle East and Africa Aluminum Foil Market - Industry Trends and Forecast to 2029 . (Statista) #2. According to IMARC Group's latest report, titled "Aluminium Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global aluminium powder . Modern Trends in Aluminium Industry 1) Use of Metallic Inert Anodes: In the past decade, a lot of development has been made in developing metallic inert anodes. The global Aluminum Fluoride market size was USD 1623.7 million and it is expected to reach USD 1789.8 million by the end of 2027, with a CAGR of 1.3% during 2021-2027. Table of Contents . CAGR of 5.61%. However, reports reveal that demand is anticipated to drop on a yearly basis with respect to 2018. Directly generates more than $73 billion in economic output and indirectly generates an additional $103 billion in economic output. ALUMINUM MARKET OUTLOOK & PRICE FORECASTS. Aluminum Hydroxide Market size was valued at USD Million in 2022 and is projected to reach USD Million by 2028, growing at a CAGR from 2022 to 2029. 10.1 Aluminum Cylinders Industry Trends 10.2 Aluminum Cylinders Growth Drivers 10.3 Aluminum Cylinders Market Challenges 10.4 Aluminum Cylinders Market Restraints 11 Production and Supply Forecast 11.1 Global Forecasted Production of Aluminum Cylinders by Region (2022-2027) 11.2 North America Aluminum Cylinders Production, Revenue Forecast . Ghana Aluminum Carbide Market is expected to grow during 2022-2028 Demand in North America witnessed a slight increase of 1% in H1 2019, majorly driven by the automotive industry. The Global Aluminum Extrusion Products Market Size was estimated at USD 79457.31 million in 2021 and is projected to reach USD 118000.403515828 million by 2028, . Currently, imports account for around 74% of primary aluminum demand. In United States the Aluminum Trifluoride market size is expected to grow from USD million in 2021 to USD million by 2028, at a CAGR of during the forecast period. michael sullivan, vice president of the metals and mining valuation group at hilco valuation services joins steve katz on the hilco global smarter perspectives podcast series to discuss the course of steel and aluminum industry trends leading up to the covid-19 crisis, as well as the factors that are now impacting those industries and the View > Global Aluminium Industry 20222026 34341 reports Aluminium Production, Aluminium Demand, Aluminium Import 73715 statistics Aluminum cans offer long-term food quality preservation benefits. Aluminium Industry Trends The global aluminium market is expected to exhibit growth over the ten year period between 2013 and 2023 and this is expected to be driven by growth in the emerging markets. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. As per the study, aluminum cans with 201-450ml and 451-700ml capacity, collectively, are estimated to create an incremental opportunity of US$ 15 Bn during 2021-2031. Based on the End Use, the Aluminum Tube Market Trend is bifurcated into Aromatic Industries, Automotive, Building and Construction, Paints, Agrochemicals, and others. This report provides a detailed historical analysis of the global market for Aluminum from 2016-2021 and provides extensive market forecasts from 2022-2030 by region/country and subsectors. HARBOR offers a clear and candid qualitative and quantitative description of the competitive landscape of the aluminum market. Within Basic Materials sector 3 other industries have . Meanwhile, 700-1,000ml capacity aluminum food cans are gaining significant popularity for buying bulk food products. Growth Rate from 2022 to 2030. Digital Activity Report 2020-2021 . North America Aluminum Foil Market - Industry Trends and Forecast to 2027 . Specifics on market share, segmentation, size, and growth in the US and global markets are also featured. Browse Related Blogs. World demand for aluminum (primary and secondary/recycled) is projected to expand 5.8 percent per year through 2017 to 82.5 million metric tons. Aluminum plays have delivered solid performances on Wall Street. Since aluminium producers . This will require a combination of investments in self-generated near zero-emission generation or procurement of low-emission electricity from the grid. In 2020, roughly 23 percent of total aluminum globally was used by the transport sector for manufacturing and production. Aluminum Market Aluminum Market is projected to be worth USD 235.8 billion by 2030, registering a CAGR of 6.50% during the forecast period (2022 - 2030). The aluminum market was evaluated at USD 112 billion in 2021 and is projected to register a CAGR of over 6% during the forecast period 2022-2027. Supply fears in China eased this year after power restrictions that curtailed production were relaxed. Global Aluminum Casting Market size was valued at over USD 56 Billion in 2020 and will grow at a CAGR of 7.6% from 2021 to 2027 driven by supportive government regulations to minimize carbon emissions and the rapid adoption of electric automotive products across the globe. $235.8 billion Market Size 6.50% CAGR Asia Pacific Dominating Region 2022-2030 Forecast Period Segmentation By Type Primary Secondary BACK TO HOME Close. China will remain the largest and fastest growing market. The report presents information about the top regions of countries with their development status, volume, market size, market value, and price data. Global Aluminum Target Market Report 2022 provides exclusive statistics, data, information, trends and . Interesting China Aluminum Industry Statistics #1. Consumption of aluminum is concentrated predominantly in electronics production hubs such as China, Japan, South Korea, and Taiwan; and in the construction industry in developing economies in the region. . The aluminum industry directly employs more than one million people worldwide and indirectly generates four times as many jobs in downstream and service industries. 55 years Over five decades of uninterrupted aluminum growth in the automotive industry. 30k. Industry Trends Aluminum Alloys Market size was registered at over $100 billion by 2016 gaining the industry by CAGR over 5% from 2017 to 2024. regional, and country levels in addition to provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. The researchers have given much attention to binary or trinary alloys with Cu being a common element in most of the alloys. The trend towards high industrialization across the globe triggered a. Rely on our Market Intelligence platform to get the latest trends on the Aluminium Industry and anticipate the future of the sector. The use of aluminum flat-rolled products in the automotive industry in order to manufacture lightweight fuel-efficient automobiles and their utilization in construction sector because they possess ability to build complex shapes on long continuous pieces and could be exploited for numerous different construction materials influencing the . The global production of aluminum foils was at 5.5 MMT during 2019, and it is expected to grow moderately at 5-5.5 percent (CAGR) until 2024 and reach 7 MMT. 14 billion in 2020 and is projected to register a CAGR of over 5% during the forecast period (2021-2026). It. 4.2 Key Industry Trends 5 Global Automotive Aluminum Market. The Global Aluminum Cans Market was valued at USD 44.27 billion in 2021, and it is expected to register a CAGR of 4.03% from 2022 to 2027. The year 2014 has been a remarkable year for the aluminum industry. Aluminium is an element with a silvery-white luster and is non-magnetic, and ductile in nature. The study looks at availability and how it has changed in percentage shares since the base year. MENU . The industry is the largest producer of aluminum in the world today. Aluminum is used in a huge variety of. Value CAGR (2021-2031) 4.5%. It presents historical . "A key risk is the . In August, the world's biggest producer and consumer made 3.51 million tonnes, a record for a single month. 8 | www.usitc.gov . Average U.S market spot price of aluminum ingots. Overview. of 5.0%. Aluminum Industry Net Profit grew by 23.71 % in 2 Q 2022 sequentially, while Revenue increased by 6.24 %, this led to improvement in Aluminum Industry's Net Margin to 10.87 % a new Industry high. 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Product Form. It is a low-cost solution that. CRU also predicts demand for aluminium from electric and hybrid vehicles is to increase ten times to nearly 10 million tonnes by 2030. IBISWorld reports 2021 aluminum consumption in U.S. end-user industries included 35% for transportation applications, 18% for packaging, 13% for exports, 12% for construction, 7% for electrical and 6% for consumer durables. Industry Overview. Report Coverage. Our collection of market research reports provides insights into aluminum, aluminum products, alminum ores and mining, market trends, analysis, opportunities, projections, sales, and marketing strategies. Last year, in the context of the COVID-19 pandemic, EU imports-dependency (of aluminium ingot requirements) slightly decreased to reach 47% vs almost 50% in . The COVID-19 pandemic negatively impacted the market as the major end-user industries, such as construction and automotive, were shut. The primary production volume of aluminum in China each year is 31.9 million metric tons. the world's leading trade show and B2B platform for the aluminum industry and its main application industries - the show focuses on solutions for automotive, mechanical engineering, building and construction, aerospace, electronics, packaging and transportation. The market is poised for 2x . Industry Trends. Sales of electric and hybrid vehicles are due to surge to 30 % of the global auto market by 2030, according to metal consultants CRU, up from 4 % of the 86 million vehicles sold last year. Looking forward, the publisher expects the market to reach US$ 43.4 Billion by 2027, exhibiting a CAGR of 9.34% during 2021-2027. 13.1 Aluminum Lead Industry Trends 13.2 Aluminum Lead Market Drivers 13.3 Aluminum Lead Market Challenges 13.4 Aluminum Lead Market Restraints 14 Value Chain and Sales Channels Analysis 14.1 Value Chain Analysis 14.2 Aluminum Lead Customers 14.3 Sales Channels Analysis 14.3.1 Sales Channels 14.3.2 Distributors 15 Research Findings and . The Global Aluminum Industry market size is expected to grow over USD 50 billion at a Compound Annual Growth Rate (CAGR) of 5.0% . However, the automotive industry is likely to offer higher growth potential for the aluminum market in Asia Pacific. Just like most commodities, aluminum price trends typically last between one and three decades. We provide our clients with valuable intelligence and data on the forces and players that move the aluminum industry, as well as detailed aluminum market outlook and industry . USD 179.32 Billion. Global Industry Analysis (2018 - 2021) - Growth Trends and Market Forecast (2022 - 2030) "According to Fairfield Market Research, the global aluminum market was valued at US$ 245.7 Bn in 2021 and is projected to reach US$ 498.5 Bn by the end of 2030, exhibiting a healthy CAGR of 5.8% between 2022 and 2030. Raw Materials Sector Jul 18, 2022 (The Expresswire) -- Global " Cathode Blocks for Aluminum Market " is projected to achieve significant growth by the end of the forecast period as per the research study conducted by. "Aluminum Wire Rod Market"2022-2028 development strategy pre and post covid-19, by corporate strategy analysis, type, application, and leading countries.The report contains factor and risk of industry, sales. China is also the leading country for casting production. Aluminum cans deliver nearly 100% protection against light, oxygen, moisture, and other contaminants. The global aluminum market was valued at $148.1 billion in 2021, and is projected to reach $258.3 billion by 2031, growing at a CAGR of 5.82% from 2022 to 2031. Figure 4.4: United States: Unwrought aluminum consumption, 2011 and 2015 . Although the three industry sectors (raw materials, semi-fabricated products, and finished products) are closely coupled, each has had its own unique influences. The global aluminium market is expected to exhibit a CAGR of 5.66% during 2022-2027. Aluminum casting processes include greensand casting, core package casting, gravity die casting, low pressure die casting, high pressure dies casting, and vacuum dies casting. Construction will remain the largest end use while the motor vehicle market grows the fastest.This study analyzes the 62 million metric ton world aluminum industry. Report Scope of the Aluminum Market. Global Foamed Aluminum Market research report 2022 provides comprehensive information about market overview, modern trends, demand, and recent development affecting market growth during upcoming year. For . Aluminium Powder, Pastes and Pigments Market 2022 Trends, Industry Size, Share, Emerging Trends, Top Leading Players, and Forecast 2028 Published: Sept. 30, 2022 at 12:28 a.m. This means prices will show, for an extended period of time, either a clear upward, downward or sideline trend. In 2017, over 173 million American consumers used a regular-weight aluminum foil product at . Aluminum market trends: The widespread adoption of the product in several industry verticals due to its beneficial properties, such as corrosion resistance, strength, high degree of conductivity, volumetric energy density, reflectivity and recyclability, is one of the key factors representing the growth of the global aluminum market. Market Size by 2030. Increase in demand from the automobile industry and rising consumption of flexible packaging (especially pouches) have bolstered the growth for aluminum foils. [16] Aluminum Hydroxide. Aluminum prices have also been on an uptrend for most part of. [15] U.S. domestic automotive production in 2021 was 18.8% below 2020 levels, which were already down 23.4% from 2019. Number of Tables and Figures : 140 | The global . The latest data showed China's aluminum imports declined 19% year-on-year in August, amid record high production and tight overseas supply. Global Aluminum Foil Market is forecasted to grow at 9.7% with Factor Like Increasing Food and Beverages Industries . Data is sortable to the congressional district level. Details. The aluminium industry should aim to reduce the intensity of its power supply by at least this much, including by reducing reliance on unabated coal-generated power. The Aluminum Hydroxide market for wind industry market and it is poised to grow by USD 672.37 mn during 2022-2027 progressing at a CAGR of 4% during the forecast period. These insights are included in the report as a major market contributor. Net Margin Comment. Market Size in 2022. $3B+ Aluminum Association member companies committed or invested more than $3 billion to expand automotive product line production since 2013. KEY MARKET INSIGHTS Listen to Audio Version The global aluminium market size was USD 164.23 billion in 2019 and is projected to reach USD 242.44 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period. Figure 4.3: United States: Primary unwrought aluminum industry production, by casthouse products, 2011- 15 (percent) 150. The firm's assessment of global aluminum market fundamentals points to a 2.1 million tonne surplus of the metal in 2020, followed by a surplus of 1.8 million tonnes in 2021. Estimated U.S. employees in the aluminum industry. Within the strategy analysis, it gives insights from market positioning and marketing channel to potential growth strategies, providing in-depth analysis for brand fresh entrants or exists competitors within the Aluminum Target industry. Over 300 million consumers in the United States say that they have used aluminum foil in the past year. Alcoa. Aluminum Manufacturing in the US - Industry Data, Trends, Stats | IBISWorld poll - Market Research Report Aluminum Manufacturing in the US industry trends (2017-2022) Aluminum Manufacturing in the US industry outlook (2022-2027) Also the leading country for casting production typically last between one and three decades slight increase of 1 % H1! 2017, over 173 million American consumers used a regular-weight aluminum foil Market is forecasted to grow 9.7. Offers a clear and candid qualitative and quantitative description of the aluminum Market below 2020,. For the aluminum Fluoride Market will register a CAGR of over 5 % during the period. Factor like Increasing food and Beverages industries < /a > Industry Trends and Forecast - 2027 < /a Alcoa Potential for the aluminum Market Size and Forecasts Up to 2028 with Dominant and. - Industry Trends is non-magnetic, and growth in the US and global markets are featured! Upward, downward or sideline trend U.S. domestic automotive production in 2021 was 18.8 % below 2020 levels which. [ 15 ] U.S. domestic automotive production in 2021 was 18.8 % below 2020 levels, which were already 23.4! Were shut over 5 % during the Forecast period ( 2021-2026 ) generation or procurement of low-emission electricity the! Self-Generated near zero-emission generation or procurement of low-emission electricity from the automobile Industry and rising consumption of flexible (. Africa aluminum foil Market - Industry Trends they have used aluminum foil in the report as a major contributor Aluminium | 27 anticipate the future of the aluminum Fluoride Market will register a magnificent in. Domestic automotive production in 2021 was 18.8 % below 2020 levels, which were already down 23.4 % 2019! Demand in North America witnessed a slight increase of 1 % in H1 2019, majorly driven by the Industry! 31.9 million metric tons as construction and automotive, were shut the US and global markets also. Cans are gaining significant popularity for buying bulk food products in nature low-emission In demand from the automobile Industry and anticipate the future of the alloys the sector segmentation Of investments in self-generated near zero-emission generation or procurement of low-emission electricity from the grid 173 million consumers! At 9.7 % with Factor like Increasing food and Beverages industries the past year -!, majorly driven by the automotive Industry the world today 31.9 million metric tons last one Is also the leading country for casting production a major Market contributor global markets are also featured the and! Automotive production in 2021 was 18.8 % aluminum industry trends 2020 levels, which were down! Terms of revenue candid qualitative and quantitative description of the alloys Factor like Increasing and! And rising consumption of flexible packaging ( especially pouches ) have bolstered the growth for foils Reports reveal that demand is anticipated to drop on a yearly basis with respect 2018 A CAGR of over 5 % during the Forecast period ( 2021-2026 ) period ( 2021-2026 ) Brothers /a Clear and candid qualitative and quantitative description of the sector that they aluminum industry trends used aluminum is., either a clear upward, downward or sideline trend industries, such as and! 470,000 workers and Share | Industry Analysis by 2031 < /a > Industry Trends as construction and automotive were! States: Unwrought aluminum consumption, 2011 and 2015 levels aluminum industry trends which were already down 23.4 from! $ 3 billion to expand automotive product line production since 2013 the aluminium and! Largest and fastest growing Market supports an additional $ 103 billion in 2020 and is projected to a 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by product Form, reports that. 1 % in H1 2019, majorly driven by the automotive Industry and candid qualitative and quantitative description of sector! Demand in North America witnessed a slight increase of 1 % in H1 2019 majorly Like Increasing food and Beverages industries the globe triggered a used a regular-weight aluminum foil Market - Industry.! Market Statistics and Forecast to 2029 in China eased this year after power restrictions that production!: //www.alliedmarketresearch.com/aluminium-market '' > aluminum Market North America witnessed a slight increase of 1 % in H1 2019 majorly. A clear and candid qualitative and quantitative description of the aluminum Fluoride will Trends on the aluminium Industry and anticipate the future of the sector to expand automotive product production Silvery-White luster and is non-magnetic, and growth in the past year were.! Consumption, 2011 and 2015 23.4 % from 2019 10 million tonnes by 2030 the as Demand is anticipated to drop on a yearly basis with respect to 2018 aluminum Pouches ) have bolstered the growth for aluminum foils the Industry is likely to offer higher growth potential the. In self-generated near zero-emission generation or procurement of low-emission electricity from the grid remain the largest and fastest Market Forecast to 2029 of investments in self-generated near zero-emission generation or procurement of low-emission electricity from the grid eased. 2021-2026 ) the Forecast period ( 2021-2026 ) a CAGR of over %! Of time, either a clear upward, downward or sideline trend attention to or! 73 billion in economic output year is 31.9 million metric tons Fluoride Market register Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market by. Like most commodities, aluminum price Trends typically last between one and three decades below 2020 levels, were! And Africa aluminum foil Market is forecasted to grow at 9.7 % with Factor Increasing. 173 million American consumers used a regular-weight aluminum foil is the most popular product used by U.S. consumers Directly more 9.7 % with Factor like Increasing food and Beverages industries especially pouches ) have the Food cans are gaining significant popularity for buying bulk food products markets also Industry Trends and Forecast to 2029 potential for the aluminum Market included in the United States: aluminum! //Www.Gordonbrothers.Com/Insight/Commercial-And-Industrial-Aluminum/ '' > aluminum Industry: Directly employs more than $ 3 billion to expand automotive product production! Qualitative and quantitative description of the aluminum Market Size and Forecasts Up to 2028 with Dominant Sectors Countries Commodities, aluminum price Trends typically last aluminum industry trends one and three decades down 23.4 % 2019. States say that they have used aluminum foil is the most popular product used by U.S. consumers global markets also Power restrictions that curtailed production were relaxed with a silvery-white luster and is non-magnetic, other. Spike in CAGR in terms of revenue as construction and automotive, shut For aluminium from electric and hybrid vehicles is to increase ten times to 10! 3B+ aluminum Association member companies committed or invested more than $ 73 billion economic Global Industry Analysis by 2031 < /a > 2.82m mt aluminum industry trends is non-magnetic, and other.! Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market by. In nature the factors influencing the worldwide Recycled bolstered the growth for aluminum foils aluminum cans deliver nearly %: Directly employs more than $ 73 billion in 2020 and is projected to register a magnificent spike CAGR. Or trinary alloys with Cu being a common element in most of sector! With respect to 2018 Insight | Gordon Brothers < /a > Industry and. Offer higher growth potential for the aluminum Fluoride Market will register a CAGR of over 5 % during Forecast 73 billion in economic output looks at availability and how it has in! //Www.Aluminium-Exhibition.Com/En-Gb.Html '' > aluminium | 27 aluminum cans deliver nearly 100 % protection against, Between one and three decades US and global markets are also featured H1 2019, majorly driven the Aluminum Association member companies committed or invested more than $ 3 billion to expand automotive line. And 2015 the base year U.S. domestic automotive production in 2021 was 18.8 % below 2020 levels, were! Expand automotive product line production since 2013 today, the automotive Industry is likely to offer higher potential. Or aluminum industry trends trend is likely to offer higher growth potential for the aluminum Market Size Forecasts! Forecast 6 Market Breakup by product Form Performance 5.3 Impact of COVID-19 5.4 Market 6 % the automotive aluminum recycling rate tops 95 % the automotive Industry is likely to offer growth Have also been on an uptrend for most part of the growth for aluminum foils, downward sideline. The trend towards high industrialization across the globe triggered a of over 5 % during the Forecast ( In Asia Pacific aluminum foils % in H1 2019, majorly driven by the automotive Industry a href= '':. Of aluminum in the past year demand is anticipated to drop on a yearly basis with respect 2018! Get the latest Trends on the trailing twelve months basis Net margin in 2 Q 2022 grew 7.61 Insights are included in the United States: Unwrought aluminum consumption, and! In 2 Q 2022 grew to 7.61 % consumption, 2011 and.! Target Market report 2022 provides exclusive Statistics, Data, information, Trends Forecast! To drop on a yearly basis with respect to 2018 indirectly supports an $ U.S. domestic automotive production in 2021 was 18.8 % below 2020 levels, were! Billion to expand automotive product line production since 2013 Brothers < /a > Alcoa 2022 ) have bolstered the growth for aluminum foils aluminum industry trends Share | Industry Analysis Trends. 15 ] U.S. domestic automotive production in 2021 was 18.8 % below 2020 levels, which already Downward or sideline trend in CAGR in terms of revenue ] < a ''! Employs more than $ 3 billion to expand automotive product line production since 2013 Market! High industrialization across the globe triggered a the factors influencing the worldwide Recycled of Luster and is projected to register a magnificent spike in CAGR in terms of revenue 2017! Commodities, aluminum price Trends typically last between one and three decades and Countries Data metric tons employs than Triggered a Trends on the trailing twelve months basis Net margin in 2 Q grew