Title: Aluminum Market
1Aluminum Market Market size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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- The aluminum market size was gauged to be 79
million tons in terms of quantity, and the
application of aluminum is estimated to increase
at a CAGR of 4.2 during the forecast period
2019-2025. - Aluminum is a metal which is obtained by Bayers
process, in which aluminum oxide undergoes
smelting to release pure aluminum. Aluminum
sulfate, aluminum chloride, and aluminum
phosphate are some of the useful aluminum
compounds.
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Key Takeaways
- The key application of aluminum is found in the
automotive industry, and this segment is
estimated to grow at a CAGR of 4.3 through to
2025. Since aluminum is a lightweight and
fuel-efficient metal, it is used in the body of
cars. - Furthermore, aluminum used in automobile
vehicles can be easily recycled. More than half a
million tons of automotive aluminum is recycled,
and this recycling saves 21 barrels of oil energy
that would have been consumed in producing fresh
aluminum, according to findings by The Aluminum
Association.
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By Distribution Channel- Segment
Analysis Aluminum usage has now become
commonplace in smartphones, tablets, laptops,
flat-screen TVs, monitors, and other consumer
electronic products. The number of mobile users
across the globe is projected to increase from
5.1 billion in 2018 to 5.8 billion in 2025,
according to the Global System of Mobile
Communications (GSMA).
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- Aluminum Market Industry Outlook
- Alcoa Corporation,
- Rio Tinto,
- CHALCO
- United Company RUSAL, Alcan
- Shandong Xinfa Aluminum Group Co. Ltd.,
- East Hope Group Company Limited,
- Norsk Hydro ASA, and
- BHP.
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Aluminum Market - Forecast 2021 - 2026 Learn
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com/Research/Aluminium-Market-Research-503190
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Contact (1) 970-236-3677
Inquiry Before Buying
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