The latest research report by Emergen Research, named ‘Global Aluminum Market - Forecast to 2032 The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
The global aluminum market size was USD 156 Billion in 2023 and is expected to register a rapid revenue CAGR of 5.9 % during the forecast period. Rising demand for aluminum in construction activities and increasing consumer preference for aluminum packaging are key factors driving market revenue growth.
Aluminum is a modern age building material, considered as the second most widely specified metal used in construction industry after steel. Aluminum is highly used in the construction industry for different applications such as in external facades, roofs, and walls, windows and doors, and various other applications. According to the United Nations (UN), presently 55% of the global population resides in urban areas, and this figure is anticipated to rise to 68% and 2.5 billion individuals living in urban areas by 205
To know more about the report, visit @
https://www.emergenresearch.com/industry-report/aluminum-marketCovid 19 impact analysis :
The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Aluminum Market industry.The current COVID-19 pandemic is expected to have an effect on the growth of the Aluminum Market industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns.
Some major players included in the global aluminum market report are:
RusAL
Rio Tinto
Aluminium Corp
Alcoa Corporation
Emirates Global Aluminium PJSC
Norsk Hydro ASA
Hindalco Industries Ltd.
Vedanta Aluminum & Power
Arconic
Century Aluminum Company
JW Aluminum
Radical Highlights of the Aluminum Market Report:
Impact of the technological developments and R&D advancements on the Aluminum Market market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Comprehensive overview of the Aluminum Market market along with analysis of the changing dynamics of the market
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Request For Free Sample pdf Of this Report @
https://www.emergenresearch.com/request-sample/2529Aluminum Market Segmentation:
For the purpose of this report, Emergen Research has segmented the global aluminum market on the basis of product type, alloy type, processing, end-use, and region:
· Product Type Outlook (Revenue, USD Billion; 2019-2032)
Sheet
Plate
Caste products
Extrusion
Others
· Alloy type Outlook (Revenue, USD Billion; 2019-2032)
Cast alloy
Wrought alloy
· Processing Outlook (Revenue, USD Billion, 2019-2032)
Rolling
Extruding
Drawn
Casting
Forging
Others
· End-use Outlook (Revenue, USD Billion; 2019-2032)
Construction
Transportation
Packaging material
Consumer durables
Machinery and equipment
Others
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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