Aluminum in the boron group is a lightweight, non-magnetic, soft, and ductile metal. It is the third most abundant element found in the earth's crust but is rarely found in nature. It is usually extracted from minerals such as cryolite and bauxite. It forms a reflective coating when evaporated in a vacuum, which is used for manufacturing telescopic mirrors, packaging, and toys. It is used in the production of a variety of products such as foils, window frames, kitchen utensils, airplane parts, beer kegs, and others.
Top companies included in this report:
- Alco corporation
- Aluminum Corporation of China Limited (CHALCO)
- China Hongqiao Group Limited
- China Power Investment Corp (CPI)
- East Hope Group Company Limited
- Emirates Global Aluminum PJSC
- Cookie Hydro ASA
- Rio Tinto Alcon Inc.
- United Company RUSAL plc.
- Xinfa Group Co., Ltd.
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What are the dynamics of the aluminum market?
Growth in the transportation industry and technological advancements in aluminum manufacturing technologies and processing equipment are the major factors that drive the growth of the aluminum market. The rapid growth in applications in various end-user industries, such as construction and packaging, drove the growth of the market.
What is the SCOPE of the aluminum market?
Asia-Pacific is expected to register growth in urban areas due to a rapid increase in income, rapid industrial growth, and large scale urbanization in emerging economies like China and India. Options such as carbon fiber increase competition and fluctuate raw material prices inhibit the market growth. However, increasing demand for recycled aluminum products is expected to provide potential growth opportunities for the industry.
What is market segmentation?
The report segments the aluminum market on the basis of the end-user, processing method, and geography. According to the end-user, the market is segmented into transportation, building and construction, electrical engineering, consumer goods, foil and packaging, machinery and equipment, and others (solar panel nano and aluminum-air batteries).
What is the Regional Framework of Aluminum Market?
On the basis of processing, it is classified into flat rolls, castings, extrusion, forging, pigments and powders, and rod and bars. Globally, this type of market is analyzed in Europe, Asia-pacific, North America, and LAMEA.
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