Pune, India -- (SBWIRE) -- 04/12/2018 -- Market Research Future (MRFR) Announces the Publication of its Research Report – Global Aluminium Metals Market 2016-2022

Market Research Future (MRFR) recognizes the following companies as the key players in the Global Aluminium Metals Market: RUSAL, Aluminium Corporation of China Ltd., Rio Tinto Alcan Inc., Norsk Hydro ASA, Alcoa, Inc., China Hongqiao Group Limited, and Emirates Global Aluminium PJSC

Commenting on the report, an analyst from Market Research Future (MRFR)'s team said: the prominent factors attributed with Aluminium Metals Market growth are, rise in automotive production coupled with increasing use of Aluminium in vehicle manufacturing. Rapid urbanization in the developing economies with rigorous infrastructural development and regaining stability of housing market in the mature markets can be attributed to the overall growth of Global Aluminium Metals Market. Furthermore, in line with the rapid urbanization and industrialization, the electrical and power supply needs to be addressed, with significant application of Aluminium in electric wires and transmission lines, the demand from electrical sector is anticipated add further value to the Global Aluminium Metals Market. On the plus side, replacement of copper with Aluminium as conductors, owing to the economic benefits and light weight properties of Aluminium is expected to further propel the demand for Aluminium in electrical sector. Apart from the above mentioned factors, demand for Aluminium among the food packaging industry, equipment manufacturers, and consumer goods among other applications is anticipated to further augment the demand for Aluminium Metals globally. Some of the factors which hamper the growth of Aluminium Metals are oversupply of primary Aluminium leading to declining prices and rapidly growing demand for recycled Aluminium as substitute for primary Aluminium.

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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 a SWOT analysis of the key vendors.

The market is classified and analyzed on the basis of various segments including geographies, which consist of; North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa Out of all, Asia-Pacific accounts for the largest share in the market in terms of volume and value. These share is attributed due to urbanization and industrialization in this region. Countries like China, India and South Korea are developing countries and accounts for largest share due to ongoing infrastructural development coupled with a growing end-use industries for Aluminium Metals. Europe accounts for second largest share in this market, increasing adoption of Aluminium among the automotive manufacturers is fuelling the market in Europe, and regained stability of housing sector in the region.

Key Findings:

Global Aluminium Metals Market is projected to reach USD 60,696.1 million by 2022 with 5.3% CAGR during review period of 2016-2022.

Asia-Pacific accounted for largest share due to growing application industries in this region.

Aluminium Metals Market is dominated by the top ten producers of aluminium in the world, the demand for Aluminium Metals across automotive & transportation, and rapid industrialization & urbanization coupled with a booming construction sector in the developed markets to bolster Aluminium Metals Market growth.
Market Segmentation:

By Types: Primary Aluminium and Recycled Aluminium.

By Application: Automotive & Transportation, Construction, Foil & Packaging, Electrical, Machinery & Equipment, Consumer Goods, and Others.

By Regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

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