
Latin America Aluminum Market 2023-2030
Description
Latin America Aluminum Market 2023-2030
MARKET OUTLOOK
According to the report by Triton Market Research, the Latin American aluminum market will likely develop at a CAGR of 3.84% in the forecast years between 2023 and 2030. Brazil, Mexico, and Rest of Latin America are included in the market report for this region.
According to the International Trade Administration, the automotive sector is the most important industry of Mexico, accounting for approximately 3.5% of the nation’s GDP. The nation is a key market for passenger vehicles, buses, trucks, light vehicles, and auto parts & supplies that are exported to the United States.
The country produces approximately 3 million vehicles per year. Given the size of the country’s passenger vehicle market, aluminum is expected to be in high demand. The country’s thriving automotive industry is anticipated to drive the demand for aluminum due to its light weight and other properties, resulting in the studied market’s growth during the forecast period.
Chile is one of the key markets in Rest of Latin America. The growing automotive industry in the country is expected to fuel the aluminum market’s growth over the forecast period. Similarly, the main trends in Chilean construction include the development of renewable energy projects, solar parks, desalination plants, and other similar projects. The expansion of Chile’s construction industry is expected to drive demand for aluminum as the preferred material, resulting in studied market growth.
COMPETITIVE OUTLOOK
The eminent players in the aluminum market include Aluminum Bahrain BSC (Alba), Alcoa Corporation, Century Aluminum Company, RUSAL, and Emirates Global Aluminum PJSC.
MARKET OUTLOOK
According to the report by Triton Market Research, the Latin American aluminum market will likely develop at a CAGR of 3.84% in the forecast years between 2023 and 2030. Brazil, Mexico, and Rest of Latin America are included in the market report for this region.
According to the International Trade Administration, the automotive sector is the most important industry of Mexico, accounting for approximately 3.5% of the nation’s GDP. The nation is a key market for passenger vehicles, buses, trucks, light vehicles, and auto parts & supplies that are exported to the United States.
The country produces approximately 3 million vehicles per year. Given the size of the country’s passenger vehicle market, aluminum is expected to be in high demand. The country’s thriving automotive industry is anticipated to drive the demand for aluminum due to its light weight and other properties, resulting in the studied market’s growth during the forecast period.
Chile is one of the key markets in Rest of Latin America. The growing automotive industry in the country is expected to fuel the aluminum market’s growth over the forecast period. Similarly, the main trends in Chilean construction include the development of renewable energy projects, solar parks, desalination plants, and other similar projects. The expansion of Chile’s construction industry is expected to drive demand for aluminum as the preferred material, resulting in studied market growth.
COMPETITIVE OUTLOOK
The eminent players in the aluminum market include Aluminum Bahrain BSC (Alba), Alcoa Corporation, Century Aluminum Company, RUSAL, and Emirates Global Aluminum PJSC.
Table of Contents
102 Pages
- 1. Latin America Aluminum Market – Summary
- 2. Industry Outlook
- 2.1. Covid-19 Impact On The Aluminum Market
- 2.2. Market Maturity Analysis
- 2.3. Porter’s Five Forces Analysis
- 2.3.1. Threat Of New Entrants
- 2.3.2. Threat Of Substitutes
- 2.3.3. Bargaining Power Of Buyers
- 2.3.4. Bargaining Power Of Suppliers
- 2.3.5. Threat Of Competitive Rivalry
- 2.4. Industry Components
- 2.4.1. Raw Material Procurement
- 2.4.2. Aluminum Production
- 2.4.3. End-users
- 2.5. Key Buying Impact Analysis
- 2.5.1. Strength Of Product
- 2.5.2. Product Recyclability
- 2.5.3. Corrosion Resistance
- 2.6. Key Market Strategies
- 2.6.1. Collaborations
- 2.6.2. Product Launches
- 2.6.3. Mergers & Acquisitions
- 2.6.4. Business Divestitures & Expansions
- 2.7. Market Drivers
- 2.7.1. Rising Demand From Various End-use Industries
- 2.7.2. Substitution Of Stainless Steel With Aluminum By Automotive Manufacturers
- 2.7.3. Rising Adoption Of Electric Vehicles
- 2.8. Market Challenges
- 2.8.1. Strict Environmental Regulations By Authorities
- 2.8.2. Rising Cost Of Aluminum
- 2.9. Market Opportunities
- 2.9.1. Multiple Applications Of Aluminum In The Sustainable Energy Industry
- 2.9.2. Technological Advancements
- 2.9.3. Recyclability Of Aluminum Gaining Market Traction
- 2.9.4. Growing Penetration In The Consumer Electronics Industry
- 2.9.5. Rising Use Of Aluminum In The Transportation Industry
- 2.9.6. Growing Popularity Of Aluminum Foam
- 2.10. Analyst Perspective
- 3. Latin America Aluminum Market – By Product
- 3.1. Alumina
- 3.2. Bauxite
- 3.3. Primary Aluminum
- 3.4. Other Products
- 4. Latin America Aluminum Market – By Industry Vertical
- 4.1. Automotive & Transportation
- 4.2. Building & Construction
- 4.3. Electronics
- 4.4. Foil & Packaging
- 4.5. Other Industry Verticals
- 5. Latin America Aluminum Market – Country Outlook
- 5.1. Country Analysis
- 5.1.1. Brazil
- 5.1.1.1. Brazil Aluminum Market Forecast & Prospects
- 5.1.2. Mexico
- 5.1.2.1. Mexico Aluminum Market Forecast & Prospects
- 5.1.3. Rest Of Latin America
- 5.1.3.1. Rest Of Latin America Aluminum Market Forecast & Prospects
- 6. Competitive Landscape
- 6.1. Rio Tinto
- 6.1.1. Overview
- 6.1.2. Portfolio
- 6.1.3. Key Strengths
- 6.1.4. Key Challenges
- 6.2. Aluminum Corporation Of China Limited (Chalco)
- 6.2.1. Overview
- 6.2.2. Portfolio
- 6.2.3. Key Strengths
- 6.2.4. Key Challenges
- 6.3. Rusal
- 6.3.1. Overview
- 6.3.2. Portfolio
- 6.3.3. Key Strengths
- 6.3.4. Key Challenges
- 6.4. Alcoa Corporation
- 6.4.1. Overview
- 6.4.2. Portfolio
- 6.4.3. Key Strengths
- 6.4.4. Key Challenges
- 6.5. Norsk Hydro Asa
- 6.5.1. Overview
- 6.5.2. Portfolio
- 6.5.3. Key Strengths
- 6.5.4. Key Challenges
- 6.6. Emirates Latin America Aluminum Pjsc
- 6.6.1. Overview
- 6.6.2. Portfolio
- 6.6.3. Key Strengths
- 6.6.4. Key Challenges
- 6.7. Novelis Inc
- 6.7.1. Overview
- 6.7.2. Portfolio
- 6.7.3. Key Strengths
- 6.7.4. Key Challenges
- 6.8. Aluminum Bahrain Bsc (Alba)
- 6.8.1. Overview
- 6.8.2. Portfolio
- 6.8.3. Key Strengths
- 6.8.4. Key Challenges
- 6.9. China Hongqiao Group Limited
- 6.9.1. Overview
- 6.9.2. Portfolio
- 6.9.3. Key Strengths
- 6.9.4. Key Challenges
- 6.10. Century Aluminum Company
- 6.10.1. Overview
- 6.10.2. Portfolio
- 6.10.3. Key Strengths
- 6.10.4. Key Challenges
- 7. Research Methodology & Scope
- 7.1. Research Scope & Deliverables
- 7.2. Sources Of Data
- 7.3. Research Methodology
- Table List
- Table 1: Latin America Aluminum Market, By Country Outlook, 2023-2030 (In $ Million)
- Table 2: List Of Collaborations
- Table 3: List Of Product Launches
- Table 4: List Of Mergers & Acquisitions
- Table 5: List Of Business Divestitures & Expansions
- Table 6: Latin America Aluminum Market, By Product, 2023-2030 (In $ Million)
- Table 7: Latin America Aluminum Market, By Industry Vertical, 2023-2030 (In $ Million)
- Table 8: Latin America Aluminum Market, By Country Outlook, 2023-2030 (In $ Million)
- Figure List
- Figure 1: Industry Components
- Figure 2: Key Buying Impact Analysis
- Figure 3: Latin America Aluminum Market, By Product, 2022 & 2030 (In %)
- Figure 4: Latin America Aluminum Market, By Alumina, 2023-2030 (In $ Million)
- Figure 5: Latin America Aluminum Market, By Bauxite, 2023-2030 (In $ Million)
- Figure 6: Latin America Aluminum Market, By Primary Aluminum, 2023-2030 (In $ Million)
- Figure 7: Latin America Aluminum Market, By Other Products, 2023-2030 (In $ Million)
- Figure 8: Latin America Aluminum Market, By Industry Vertical, 2022 & 2030 (In %)
- Figure 9: Latin America Aluminum Market, By Automotive & Transportation, 2023-2030 (In $ Million)
- Figure 10: Latin America Aluminum Market, By Building & Construction, 2023-2030 (In $ Million)
- Figure 11: Latin America Aluminum Market, By Electronics, 2023-2030 (In $ Million)
- Figure 12: Latin America Aluminum Market, By Foil & Packaging, 2023-2030 (In $ Million)
- Figure 13: Latin America Aluminum Market, By Other Industry Verticals, 2023-2030 (In $ Million)
- Figure 14: Latin America Aluminum Market, Country Outlook, 2022 & 2030 (In %)
- Figure 15: Brazil Aluminum Market 2023-2030 (In $ Million)
- Figure 16: Mexico Aluminum Market 2023-2030 (In $ Million)
- Figure 17: Rest Of Latin America Aluminum Market 2023-2030 (In $ Million)
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