The global Aluminum market was valued at 7519.23 Million USD in 2021 and will grow with a CAGR of 3.18% from 2021 to 2027, based on newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
An aluminum alloy is a composition consisting mainly of aluminum to which other elements have been added. The alloy is made by mixing together the elements when aluminum is molten (liquid), which cools to form a homogeneous solid solution. The other elements may make up as much as 15 percent of the alloy by mass.EGA, Rusal, Norsk Hydro, Yinhai Aluminum, Alcoa and Rio Tinto are the world`s leading players. The industry is relatively fragmented and EGA is considered the leader in the global market, with a 5.4% share of production in 2018. Based on the application, Aluminum can be divide into Construction Industry, Foundry Industry, Transportation Industry, Packaging Industry, and Electronics Industry, etc. Construction Industry is the most important application. In 2018, Construction Industry holds 42.76% of the market share.
By Market Verdors:
Foundry Alloy Ingots
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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