Global Aluminum Market 2020-2024

Global Aluminum Market 2020-2024

Technavio has been monitoring the aluminum market and it is poised to grow by 13.66 mn tons during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on aluminum market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising demand for aluminum cans in the beverage industry and increasing demand of aluminum in electric vehicles. In addition, rising demand for aluminum cans in the beverage industry is anticipated to boost the growth of the market as well.

The aluminum market analysis includes the end-user segment and geographical landscapes.

Technavio's aluminum market is segmented as below:

By End-user

• Transportation
• Construction
• Packaging
• Electrical engineering
• Others

By Geographic Landscapes

• APAC
• Europe
• North America
• MEA
• South America

This study identifies stringent regulations for environmental protection as one of the prime reasons driving the aluminum market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our aluminum market covers the following areas:

• Aluminum market sizing
• Aluminum market forecast
• Aluminum market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aluminum market vendors that include Alcoa Corp., Aluminum Corp. of China Ltd., China Hongqiao Group Ltd., Emirates Global Aluminium PJSC, Kaiser Aluminum Corp., National Aluminium Co. Ltd., Norsk Hydro ASA, Rio Tinto Ltd., United Company Rusal Plc, and Xinfa Group Co. Ltd.. Also, the aluminum market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.