Asia Pacific Aluminum Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

$ PRICE - $ 3,000.00$ 8,900.00

Asia Pacific Aluminum Market: By Product (Flat Rolled, Pigment & Powder, Forgings, Extrusions, Castings, Rod & Bar and Others), Type (Secondary/Recycled Aluminum and Primary Aluminum), Application (Building & Construction, Consumer Goods, Electrical, Foil & Packaging, Hardware & Accessories, Machinery & Equipment, Solar Industry, Transportation, Utensils and Others) and Geography

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail

Report

Description

Asia Pacific Aluminum Market size valued USD 69.5 billion in 2020 and expected to reach USD 100.2 billion by 2026, at a CAGR of 7.3% during the forecast period 2020-2026. Some of the key factors responsible for the market growth include rise in Asia Pacific economic growth rate, continuous advancements in transport industry, ongoing R&D activities to develop innovative and growing automobile industry. Moreover, an increase in net aluminum pounds per vehicle is one of the major trends being witnessed in this market. The easy accessibility of numerous alternatives for aluminum is one major challenge challenging the Asia Pacific market. Some of the few materials that can substitute aluminum in the packaging industry are plastic, glass and paper. These substitutes are extensively used in the transportation, construction, packaging and electrical and electronic industries among others. Hence, presence of substitutes may pose a threat to the market growth. Asia Pacific aluminum market is surging owing to frequent acquisitions and launchings by the market players. For instance, Alcoa together with Rio Tinto announced world’s first carbon-free aluminum smelting process.  This is a revolutionary smelting process that can deliver a significant reduction in carbon emissions. It builds on the key role aluminium has to play in driving human progress, by making products infinitely recyclable, stronger, lighter and more fuel efficient.

Asia Pacific Aluminum Market

MARKET SUMMARY
-
7.3%
  • Study Period– 2021 – 2026
  • Base Year– 2020
  • CAGR– 7.3%

Asia Pacific Aluminum Market

  • The global asia pacific aluminum market report gives comprehensive outlook on aluminum across the region with special emphasis on key countries such as Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea and Rest of Asia-Pacific.
  • The report on asia pacific aluminum market gives historical, current, and future market sizes (US$ Bn) on the basis of product, type, application and countries.
  • Key stakeholders of the asia pacific aluminum market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Asia Pacific aluminum products.
Key Players
  • Alcoa Corporation
  • Aluminum Bahrain
  • Aluminum Corporation of China
  • BHP Billiton Aluminum Australia Pty Ltd.
  • Century Aluminum Company
Asia Pacific Aluminum Market

Drivers And Restraints

The booming construction sector in countries will positively impact the market. Aluminum is engaged in the construction industry owing to its performance properties such as high reflectivity, design, high strength-to-weight ratio, durability, flexibility, and low maintenance. They are generally used in structural components of a building during its construction. In the development of infrastructure such as flyovers and bridges besides commercial and residential buildings aluminum alloys are used due to their properties such as lightness of weight and high corrosion resistance.


Asia Pacific Aluminum Market

China accounted for larger revenue share in Asia Pacific aluminum market with considerable CAGR owing to massive urbanization and industrial development. The transport and building & construction industries jointly accounted for considerable market share of the overall aluminum usage in China.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • Asia Pacific aluminum market expanding at significant CAGR over 2021 to 2027 owing to growing automobile industry.
  • Based on application, foil & packaging segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in Asia Pacific Aluminum market

Key

Features of the Report

Asia Pacific Aluminum Market Segmentation


Location

GEOGRAPHY


Report

Company Profile

  • Alcoa Corporation (U.S.)
  • Aluminum Bahrain (Bahrain)
  • Aluminum Corporation of China (China)
  • BHP Billiton Aluminum Australia Pty Ltd. (Australia)
  • Century Aluminum Company (U.S.)
  • China Hongqiao Group (China)
  • Emirates Asia Pacific Aluminum PJSC (UAE)
  • Hindalco Industries Limited (India)
  • Norsk Hydro ASA (Norway)
  • Rio Tinto Alcan Inc. (Canada)
  • Rio Tinto Australia (Australia)
  • RUSAL (Russia)
  • Vedanta Ltd. (India)

Description

Asia Pacific Aluminum Market size valued USD 69.5 billion in 2020 and expected to reach USD 100.2 billion by 2026, at a CAGR of 7.3% during the forecast period 2020-2026. Some of the key factors responsible for the market growth include rise in Asia Pacific economic growth rate, continuous advancements in transport industry, ongoing R&D activities to develop innovative and growing automobile industry. Moreover, an increase in net aluminum pounds per vehicle is one of the major trends being witnessed in this market. The easy accessibility of numerous alternatives for aluminum is one major challenge challenging the Asia Pacific market. Some of the few materials that can substitute aluminum in the packaging industry are plastic, glass and paper. These substitutes are extensively used in the transportation, construction, packaging and electrical and electronic industries among others. Hence, presence of substitutes may pose a threat to the market growth. Asia Pacific aluminum market is surging owing to frequent acquisitions and launchings by the market players. For instance, Alcoa together with Rio Tinto announced world’s first carbon-free aluminum smelting process.  This is a revolutionary smelting process that can deliver a significant reduction in carbon emissions. It builds on the key role aluminium has to play in driving human progress, by making products infinitely recyclable, stronger, lighter and more fuel efficient.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX