Market Research Report
Processed Alumina And Aluminum Global Market Report 2022
|Processed Alumina And Aluminum Global Market Report 2022|
The Business Research Company
Content info: 300 Pages
Delivery time: 2-10 business days
Processed Alumina And Aluminum Global Market Report 2022 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global alumina and aluminum production and processing market as it emerges from the COVID-19 shut down.
Where is the largest and fastest growing market for the alumina and aluminum production and processing? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The Alumina And Aluminum Production And Processing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider alumina and aluminum production and processing market; and compares it with other markets.
Markets Covered: 1) By Type: Aluminum Products From Purchased Aluminum; Secondary Smelted and Alloyed Aluminum; Refined Alumina and Primary Aluminum Production
2) By Application: Automotive; Manufacturing; Other Applications
Subsegments Covered: Sheet; Plate; Foil; Welded Tube; Smelted Aluminum; Alloyed Aluminum; Refined Alumina; Aluminum Production
Companies Mentioned: Hindalco Industries Ltd.; China Hongqiao Group Limited; Novelis Inc.; Rio Tinto; Alcoa Corporation
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Bangladesh; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Iran; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; Ukraine; USA; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; alumina and aluminum production and processing indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major companies in the processed alumina and aluminium market include Hindalco Industries Ltd, China Hongqiao Group Limited, Novelis Inc, Rio Tinto, Alcoa Corporation, United Co RUSAL PLC, Aluminum Corporation of China Limited (CHALCO), Glencore International, Emirates Global Aluminium, and Norsk Hydro ASA.
The global processed alumina and aluminum market is expected to grow from $784.66 billion in 2021 to $860 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The market is expected to grow to $1,204.34 billion in 2026 at a CAGR of 8.8%.
The processed alumina and aluminium market consists of sales of processed alumina and aluminium by entities (organizations, sole traders and partnerships) primarily engaged in alumina extraction primarily from bauxite ore, producing aluminium from alumina, recovering aluminium from scrap or dross, refining aluminium by any process, alloying purchased aluminium and rolling, drawing, casting, extruding and alloying aluminium and aluminium-based alloy into primary forms such as bar, foil, pipe, plate, rod, sheet, tube, wire.
The main types of processed alumina and aluminium are aluminium products from purchased aluminium, secondary smelted and alloyed aluminium, refined alumina and primary aluminium production. Secondary smelted and alloyed aluminium refers to the process that involves recycled aluminium scrap that is converted back to molten metal by heating it in electric arc furnaces. These are used in automotive, manufacturing, and other applications.
The Asia Pacific was the largest region in the processed alumina and aluminium market in 2021. Western Europe was the second-largest region in the processed alumina and aluminium market. The regions covered in the processed alumina and aluminium report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The alumina and aluminium market growth in the historic period was mainly driven by the increase in construction activity in emerging markets. Emerging markets that registered robust construction activity included China, Brazil, India, Saudi Arabia and Indonesia. For instance, China's construction market grew to $2,279 billion in 2019. This rapid growth in construction activity contributed to the growth of the alumina and aluminium production and processing market.
Geopolitical tensions are expected to hurt the alumina and aluminium production and processing market during the forecast period. Repercussions of geopolitical tensions include sanctions on Russia, trade protectionism and heightened military tensions in the Middle East. Sanction on Russia was related to the violation of the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991. For instance, in March 2022, the U.S. Department of State and The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) intensified pressure on Russia by sanctioning a huge number of Russian elites and their family members such that identifying certain properties of those persons as blocked and sanctioning Russian intelligence-directed disinformation outlets. This action follows OFAC's imposition of sanctions on January 20, 2022, that identified Russian agents that took part in activities that attempt to destabilize the Ukrainian government, and builds on sanctions imposed on April 2021, for Russian-backed efforts to attempt to influence U.S. elections. The US is also implementing several trade restrictions, especially with China, to boost its local production. For instance, the US imposed tariffs on $550 billion worth of Chinese goods including metals and metal products as of January 2020. Continued violence and terrorism in the Middle East and other parts globally are also expected to hurt the market.
Aluminium manufacturers are using furnace insulators to minimize energy loss during the melting process. Furnace insulators are temperature resistant materials used for thermal insulation of furnaces. Advanced furnace insulators have temperature resistance of up to 1200oC with low shrinkage of less than 1% at 700oC. They also provide high resistance to thermal shock, abrasives, and chemicals. Recent tests have indicated that in terms of thermal conductivity, the advanced low bio-persistent fibre-based board furnace insulator performs better than calcium silicate by about 20% at 600oC and 15% at 800oC. Major companies offering furnace insulators include Morgan, Thermal Products Company, Nichias.
The countries covered in the processed alumina and aluminium market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam.