Aluminum Market 2018: Analysis, Size, Share, Growth and Trends by Forecast 2022

Market Research Future Published a Half Cooked Research “Global Aluminium Market Research Report – Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.

RUSAL, Aluminium Corporation of China Ltd., Rio Tinto Alcan Inc., Norsk Hydro ASA, Alcoa, Inc., China Hongqiao Group Limited, and Emirates Global Aluminium PJSC among others are some of the prominent players at the forefront of competition in the Global Aluminium Market and are profiled in MRFR Analysis. 

Aluminium Market – Market Overview 
Aluminium is a lightweight metal, which is produced from bauxite. Bauxite is rich in aluminium oxides, which is melted and electrolysed to produce different types of aluminium alloys. These alloys are further processed to make value added products such as cans, foils, utensils, frames, and structure among others. The market is primarily driven by the increasing adoption of aluminium in the automotive sector with increasing scrutiny on emissions from vehicle and prevalence of lightweight trends in the automotive sector.

The distinguished advantages of aluminium in terms of cost and weight over copper has replaced the application of copper in the electrical sector. Aluminium is used various for applications in the electrical sector namely, transmission lines, building wiring, motors, and transformers among others. Furthermore, regional standards stipulating use of aluminium wiring for building and construction such as the National Electric Code in U.S, National Energy Administration (China), is expected to further boost the consumption of aluminium in the electrical sector, in turn driving the demand for aluminium.

Addressing the global emission standards has always been a challenge for automotive manufacturers globally, in order to address this issue automotive manufacturers are actively indulged in the production of vehicles by incorporating more aluminium components in the vehicle, thus, reducing the overall weight of the vehicle; for better fuel efficiency, increased performance and reduced emissions. To fulfil the demand for automotive sector, automotive component manufacturers are involved in designing and development of aluminium automotive components; for instance, Sapa AS, leading manufacturer of aluminium products launched the first-ever automotive break liners produced using aluminium. In 2016, the company showcased its newly developed aluminium brake liners for cars, which is nearly 600 grams lighter than the traditional steel brake liners used in cars.

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Furthermore, development of full aluminium bodied pickup trucks and cars is expected to be the game changer in the coming years; for instance, in 2015, Ford Motor Company, launched world’s first ever aluminium bodied pickup truck, Ford F-150, the aluminium bodied pickup truck is nearly 700 pounds lighter as compared to the steel bodied FordF-150, making it lighter, fast, durable and enhancing the overall appeal of the vehicle. Thus, prevailing trend of increased use of aluminium is expected to surge demand for aluminium metal with more automotive manufacturers adopting aluminium for automotive production.

Aluminium Market – Competitive Analysis 
The Aluminium is a consolidated market with 80% market being controlled by the top ten players operating in the market, the competition is moderate among the players. Furthermore, almost all the aluminium manufactures are upstream integrated and owns bauxite mines for raw material sourcing, which is an advantage for existing players in the aluminium metals market. Strategies adopted by the players in the market include product development and expansion among others. For instance, RUSAL expanded its aluminium value added products output by adding a “Properzi” rolling mill into operation at its Kandalaksha Aluminium Smelter facility. The company invested USD 19.8 million in the new equipment capable of producing 50 KT aluminium value added products per annum. 

Industry/ Innovation/ Related News: 
March, 2017 – In 2017, RUSAL expanded its aluminium value added products output by adding a “Properzi” rolling mill into operation at its Kandalaksha Aluminium Smelter facility. The company invested USD 19.8 million in the new equipment capable of producing 50 KT aluminium value added products per annum. 

December, 2016-, In 2016, RUSAL entered into an agreement with ELKA-Cable, manufacturer of cable and wire products to start a joint production unit for manufacturing of cables and wire. The new plant will be setup within RUSAL’s Bogoslovsk aluminium smelter (BAZ) site under the name of Bogoslovsk Cable Plant. With this joint venture, RUSAL has enhanced its presence in the cables & wires sector. 

July, 2016-, In 2016, RUSAL entered into a joint venture agreement with HEBEI JOY SENCE CABLE, a leading Chinese manufacturer of aluminium alloy cables. The joint venture, JSC RUSAL-HEBEI JOY SENSE CABLE Special Aluminium Products Co. Ltd. Investments will manufacture modern power supply, such as high-temperature cables for overhead transmission lines made of aluminium-zirconium alloy. 

February, 2016- In 2016, RUSAL opened its new representative office in South Korea, in line with expanding RUSAL’s sales in South Korea further enhancing the customer base in South Korea.

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Aluminum Market 2017: Trends, Size, Share, Growth and Forecast 2022

Market Highlights:
Globally, the Aluminum Market has been increasing due to various industries. Properties of Aluminum include light weight, strong, ductility, corrosion resistance having barrier properties as well due to which aluminium is widely used in transportation, automobile, packaging, building & construction industry.

Consumption by End-user:
The most significant end-user, holds almost 42% of the Aluminum Market and this includes users in Japan. Along with this 36% of North American and West European Aluminum shipments also has a major share in the growth of the market. This is almost opposite to the situation which existed 40 years ago when this end-user market was responsible for just 20% of total consumption of Aluminum in the United States, Japan or Germany. According to MRFR analysis, firm in this field, like automakers are using Aluminum more as compared to other materials to be used in  making new car and light truck so that they are safe, cost effective as well as lightweight.   North American auto producers say  that since light weight  vehicles uses less fuel and have less automobile emission which makes Aluminum the most demanded  material in the engine and wheel market  and is thus gaining market share . Aluminum usage increased every year for nearly 35 years and in 2010 its usage was 150kg in 2010 and should be around 156kg in 2012. Stricter fuel rules will make way for Aluminum to be used in bumpers, heat shields, brake calipers, ABS and driveline components, cylinder heads and bed plates.

However, the major challenge of the market still remains which includes using other metal instead of Aluminum.  One of the major challenge is from the steel industry which continues to invest millions of dollars to demonstrate that strong  steels can be used  to provide the same  savings as derived from Aluminum; composites (like carbon fiber). Here steel stands to be a serious competitor in the automotive and aerospace sectors with respect to use of Aluminum in these sectors. Although steel has a cost and repair disadvantages, their price is coming down which also offers improved corrosion properties and good aesthetics.

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Regional Analysis:
APAC will be the ruling market for Global Aluminum oxide, accounting for USD XX billion and is expected to grow over $XX billion by 2022. With rise in development of emerging economies countries like China, India and Brazil will contribute more in the growth of the market.
The entire world including North America and Europe are the growing market for Global Aluminum and this market is expected to grow at the CAGR of XX % respectively from 2016 to 2022.

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.

In Aluminum production cost includes in these four things: labour, power support, consumables, alumina feed and others. Australia has the lowest unit cost for alumina feed, but has the highest unit cost for labour. China is accounted have the highest unit cost for power and lowest unit cost for administration and support.  Unit costs in Australia, China and India are same with respect to Global Aluminum Market is same. The unit cost in these countries are more when compared to Indonesia and when compared to Malaysia, the unit cost in these countries are low.

Aluminum Product Trends:
Aluminum products are used in various industries such as transportation, packaging, construction, and others.  40% of the Global Aluminum Market’s products was used in the transportation industry in 2015. The construction industry is expected to grow due to better lifestyle and increase in disposable incomes of the population of both developed and developing economies. The packaging industry is also one of the major end-users of the Aluminum Market and it is expected that this industry will grow significantly. The increasing demand of Aluminum is directly proportional to the growing demand for value-added and recycled products. Aluminum Industry does not have any bad effect on the environment due to which demand of the Aluminum Industry has increased.  . The growing preference of Aluminum products for sustainable and innovative technology will also drive the Aluminum Market globally.

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The market is classified and analyzed on the basis of various segments including geographies, which consist of; Americas, Europe, Asia-Pacific, and Middle East and Africa.  Out of these, Asia-Pacific has   the largest share in the market.

U.S.  Aluminum Market in North America had generated a revenue of more than USD XX billion in 2015. The regional growth is primarily driven due to the demand of construction and transportation industry in the Asia Pacific and U.S. which had high   industry share in 2015 and in the future it is predicted to witness a higher growth at the CAGR of more than XX%. The driving factor for China, India and Japan’s contribution in the growth of the market is due to increase in disposable income and standard of living of people over there.

Key Points from Table of Content:

11. Company Profiles

11.1 United Company Rusal
11.1.1 Overview
11.1.2 Financials
11.1.3 Product Portfolio
11.1.4 Business Strategies
11.1.5 Recent Development

11.2 Aluminum Corporation of China Limite
11.2.1 Overview
11.2.2 Financials
11.2.3 Product Portfolio
11.2.4 Business Strategies
11.2.5 Recent Development

11.3 Alcoa Inc.,
11.3.1 Overview
11.3.2 Financials
11.3.3 Product Portfolio
11.3.4 Business Strategies
11.3.5 Recent Development

11.4 BHP Billiton GroupRio Tinto
11.4.1 Overview
11.4.2 Financials
11.4.3 Product Portfolio
11.4.4 Business Strategies
11.4.5 Recent Development

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