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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Aluminium Market Competitive Landscape
The global aluminium market is very competitive, with a few major players constituting the market: Alcoa Corporation, Rio Tinto Group, China Hongqiao Group, Rusal, Norsk Hydro, Emirates Global Aluminium, Aluminium Corporation of China Limited, Hindalco Industries, South32, and Novelis Inc. The strengths of a company are the means to hold onto and grow market share in an ever-changing dynamic and challenging landscape.
Those that have technological innovations and strategic management of resources include Alcoa Corporation and Rio Tinto Group. China Hongqiao Group and Chalco have held a pure scale effect through large production volume to influence global pricing and supply dynamics. However, their dominance is challenged by Rusal and Norsk Hydro, who create a niche in sustainability and technological innovation.
Firms such as EGA and Hindalco Industries have been able to differentiate based on geographic focus and core competence. EGA benefits from its strategic location in the UAE, efficiently servicing Europe, Asia, and the Middle East. Hindalco is an integrated Aditya Birla Group company—from mining to making and selling products, ensuring cost control and efficiency in supply.
Added to this are the focus areas that South32 and Novelis Inc. bring with them. South32 works on mining, thereby ascertaining the stability of the supply of raw materials; Novelis leads in rolling and recycling aluminium, with the capability to cater to industries such as automotive and beverages while laying more emphasis on sustainability. The result is an intensely competitive situation breeding continuous innovation in the industry and disrupting the aluminium market opportunities.
The market players are focusing on improving their production capacity and making the process production process more sustainable to gain a competitive edge in the market
| Company | Founding Year | Headquarters | Specialities |
| RusAL | 2007 | Moscow, Russia | Production of primary aluminium, aluminium alloys, foil, and alumina |
| Chalco Aluminum Co. Ltd | 2001 | Beijing, China | Extraction of aluminium ore, the production of primary aluminium, and aluminium alloy products |
| Rio Tinto plc | 1873 | London, United Kingdom | Mining and processing a diverse range of metals and minerals, such as aluminium, copper, diamonds, gold, iron ore, and industrial minerals |
| China Hongqiao Group Co., Ltd | 1994 | Shandong, China | Production of aluminium products, including aluminium alloy, aluminium bars, and aluminium plates |
Other players in the aluminium market include Alcoa Corporation, Emirates Global Aluminium PJSC, Shandong Xinfa Aluminum Co., Ltd., Norsk Hydro ASA, Vedanta Limited, and Hindalco Industries Limited, among others.
Aluminium Market Report Snapshots
Aluminium Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The aluminium market is projected to grow at a CAGR of 5.65% between 2024 and 2032.
The major drivers of the aluminium market are increasing environmental concerns, increased application of the product in making aluminium sheets, consumption of aluminium in the manufacturing of aircraft, rising use of the material in the electrical engineering as well as machinery and equipment industries, rising technological advancement, growing construction industry, and rising population.
The key trends propelling the aluminium market growth includes the growing transportation industry and increasing downstream industries.
The major regions in the aluminium market are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific with Asia Pacific accounting for the largest share of the market.
Primary and secondary are the types of aluminium in the aluminium market.
The various end uses of aluminium in the market are transport, construction, electrical, machinery and equipment, packaging and foil, and consumer goods, among others.
The major players in the market are RusAL, Chalco Aluminum Co. Ltd, Rio Tinto plc, China Hongqiao Group Co., Ltd., Alcoa Corporation, Emirates Global Aluminium PJSC, Shandong Xinfa Aluminum Co., Ltd., Norsk Hydro ASA, Vedanta Limited, and Hindalco Industries Limited, among others.
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