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ALUMINUM

Global Market Trajectory & Analytics

MCP-2626

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  •  DATE

    JULY 2020

  •  TABLES

    117

  •  PAGES

    287

  •  EDITION

    18

  •  PRICE

    USD $5450

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Aluminum estimated at 92.2 Million Tonnes in the year 2020, is projected to reach a revised size of 116.9 Million Tonnes by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027.Transportation, one of the segments analyzed in the report, is projected to grow at a 3.7% CAGR to reach 55.5 Million Tonnes by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Construction segment is readjusted to a revised 4% CAGR for the next 7-year period. This segment currently accounts for a 22% share of the global Aluminum market.
The Aluminum market in the U.S. is estimated at 24.9 Million Tonnes in the year 2020. The country currently accounts for a 26.99% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 24.4 Million Tonnes in the year 2027 trailing a CAGR of 6.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR while Rest of European market (as defined in the study) will reach 24.4 Million Tonnes by the year 2027.
In the global Packaging segment, USA, Canada, Japan, China and Europe will drive the 2.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of 11.1 Million Tonnes in the year 2020 will reach a projected size of 13.4 Million Tonnes by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 16.4 Million Tonnes by the year 2027, while Latin America will expand at a 3.9% CAGR through the analysis period. We bring years of research experience to this 18th edition of our report. The 287-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, Aluminum Corporation of China Ltd. (Chinalco); China Hongqiao Group Ltd.; Emirates Global Aluminium PJSC; Rio Tinto Ltd.; RUSAL; Xinfa Group Co., Ltd.
» End-Use (Transportation, Construction, Packaging, Electrical Engineering, and Other End-Uses)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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