Aluminum Market by End User Industry (Transport, Building &Construction, Electrical Engineering, Consumer Goods, Foil & Packaging, Machinery & Equipment, Others), by Processing Method (Flat Rolled, Castings, Extrusions, Forgings, Pigments & Powder, R

"Market Definition:
The Global Aluminum Market was valued at USD 151.99 billion in 2019, is predicted to reach USD 205.72 billion by 2030 expanding at a CAGR of 2.70% during the forecast period, from 2020 to 2030.
Aluminum is a silvery-white, soft, non-magnetic, and ductile metal used in a variety of applications such as airplane parts, cans, foils, kitchen utensils, and window frames. Aluminum possesses significant strength and has strong affinity to oxygen. Its characteristics include low density, resistance to corrosion, high conductivity, high malleability, ductility, non-toxicity, resistivity, reflectivity, recyclability, high volumetric energy density, exceptional light weight, and anti-microbial property, that make it useful in industries such as food & packaging, pharmaceutical, electric transmission applications, and aerospace.
Market Dynamics and Trends
The growth of the global aluminum market is attributed to the expansion of the construction industry, high demand for automobiles, surge in the usage of aluminum for packaging food & beverages. Also, rapid urbanization, increase in vertical integration, infrastructural developments, and technological advancements are expected to boost the market growth during the forecast period. However, fluctuating prices and availability of substitute materials are anticipated to hamper the market during the forecast period.
Further, suring demand of aluminum in emerging economies, increasing use of recycled aluminum products, and rising inclination of manufacturing firms towards sustainable development, are expected to create market opportunities in the future.
Market Segmentations and Scope of the Study
The aluminum market is segmented based on series, processing method, end user industry, and geography. On the basis of series, the market is divided into series 1, series 2, series 3, series 4, series 5, series 6, series 7, and series 8. In terms of processing method, the market is segregated into castings, extrusions, flat rolled, forgings, rod & bar, pigments & powder. Based on end user industry, the market is classified as transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others. In terms of geography, the global aluminum market is segregated into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Geographical Analysis
Asia-Pacific dominates the global aluminum market due to rapid urbanization and high usage of aluminum in transportation and building & construction industries. Europe is expected to hold significant share of the market owing to the growing demand for lightweight materials in its thriving automotive industry. The market in North America is expected to grow owing to the increasing use of recycled aluminum products, infrastructural advancements, and technological developments.

Competitive Landscape

Key players in the global aluminum market are Alcoa Corporation, Aluminium Corporation of China Limited (CHALCO), China Hongqiao Group Ltd., China Power Investment Corp. (CPI), East Hope Group Company Limited, Emirates Global Aluminum PJSC, Norsk Hydro ASA, Rio Tinto Alcan Inc., United Company RUSAL Plc., and Xinfa Group Co., Ltd.

KEY MARKET SEGMENTS:
• Global Aluminum Market – By Series
o Series 1
o Series 2
o Series 3
o Series 4
o Series 5
o Series 6
o Series 7
o Series 8
• Global Aluminum Market – By Processing Method
o Castings
o Extrusions
o Flat Rolled
o Forgings
o Rod & Bar
o Pigments & Powder
• Global Aluminum Market – By End Use Industry
o Transport
o Building & Construction
o Electrical Engineering
o Hardware & Accessories
o Consumer Goods
o Foil & Packaging
o Machinery & Equipment
o Others
• Global Aluminum Market – By Geography
o North America
 U.S.
 Canada
 Mexico
o Europe
 UK
 Germany
 France
 Italy
 Spain
 Rest of Europe
o Asia-Pacific
 China
 India
 Japan
 Australia
 South Korea
 Rest of Asia-Pacific
o RoW
 UAE
 Saudi Arabia
 South Africa
 Brazil
 Remaining Countries

KEY PLAYERS:
• Alcoa Corporation
• Aluminium Corporation of China Limited (CHALCO)
• China Hongqiao Group Ltd.
• China Power Investment Corp. (CPI)
• East Hope Group Company Limited
• Emirates Global Aluminum PJSC
• Norsk Hydro ASA, Rio Tinto Alcan Inc.
• United Company RUSAL Plc.
• Xinfa Group Co., Ltd."