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Primary Aluminium Trends and Forecast
The future of the global primary aluminium market looks promising with opportunities in the transportation, construction, packaging, electrical & electronic, machinery & equipment, and consumer good markets. The global primary aluminium market is expected to grow with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are increasing demand for lightweight and fuel-efficient vehicles, expanding packaging applications, and infrastructure development.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Primary Aluminium by Segment
The study includes a forecast for the global primary aluminium by product type, application, and region.
Primary Aluminium Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Primary Ingot or Billet
• Primary Alloy
Primary Aluminium Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Transportation
• Construction
• Packaging
• Electrical & Electronics
• Machinery & Equipments
• Consumer Goods
• Others
Primary Aluminium Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Primary Aluminium Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies primary aluminium companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the primary aluminium companies profiled in this report include-
• China Hongqiao
• Rio Tinto
• Uc Rusal
• Alcoa
Primary Aluminium Market Insights
Lucintel forecasts that primary ingot or billet is expected to witness the higher growth over the forecast period.
Within this market, transportation will remain the largest segment due to high consumer demand for light and more fuel-efficient automobiles.
APAC is expected to witness highest growth over the forecast period due to growth of the construction industry and the expanding packaging applications.
Features of the Global Primary Aluminium Market
Market Size Estimates: Primary aluminium market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Primary aluminium market size by product type, application, and region in terms of value ($B).
Regional Analysis: Primary aluminium market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the primary aluminium market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the primary aluminium market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for primary aluminium market?
Answer: The global primary aluminium market is expected to grow with a CAGR of 5.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the primary aluminium market?
Answer: The major drivers for this market are increasing demand for lightweight and fuel-efficient vehicles, expanding packaging applications and infrastructure development.
Q3. What are the major segments for primary aluminium market?
Answer: The future of the primary aluminium market looks promising with opportunities in the transportation, construction, packaging, electrical & electronic, machinery & equipment, and consumer good markets.
Q4. Who are the key primary aluminium market companies?
Answer: Some of the key primary aluminium companies are as follows:
• China Hongqiao
• Rio Tinto
• Uc Rusal
• Alcoa
Q5. Which primary aluminium market segment will be the largest in future?
Answer: Lucintel forecasts that primary ingot or billet is expected to witness the higher growth over the forecast period.
Q6. In primary aluminium market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growth of the construction industry and the expanding packaging applications.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the primary aluminium market by product type (primary ingot or billet and primary alloy), application (transportation, construction, packaging, electrical & electronics, machinery & equipments, consumer goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Primary Aluminium Market, Primary Aluminium Market Size, Primary Aluminium Market Growth, Primary Aluminium Market Analysis, Primary Aluminium Market Report, Primary Aluminium Market Share, Primary Aluminium Market Trends, Primary Aluminium Market Forecast, Primary Aluminium Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Primary Aluminium Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Primary Aluminium Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Primary Aluminium Market by Product Type
3.3.1: Primary Ingot or Billet
3.3.2: Primary Alloy
3.4: Global Primary Aluminium Market by Application
3.4.1: Transportation
3.4.2: Construction
3.4.3: Packaging
3.4.4: Electrical & Electronics
3.4.5: Machinery & Equipments
3.4.6: Consumer Goods
3.4.7: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Primary Aluminium Market by Region
4.2: North American Primary Aluminium Market
4.2.2: North American Primary Aluminium Market by Application: Transportation, Construction, Packaging, Electrical & Electronics, Machinery & Equipments, Consumer Goods, and Others
4.3: European Primary Aluminium Market
4.3.1: European Primary Aluminium Market by Product Type: Primary Ingot or Billet and Primary Alloy
4.3.2: European Primary Aluminium Market by Application: Transportation, Construction, Packaging, Electrical & Electronics, Machinery & Equipments, Consumer Goods, and Others
4.4: APAC Primary Aluminium Market
4.4.1: APAC Primary Aluminium Market by Product Type: Primary Ingot or Billet and Primary Alloy
4.4.2: APAC Primary Aluminium Market by Application: Transportation, Construction, Packaging, Electrical & Electronics, Machinery & Equipments, Consumer Goods, and Others
4.5: ROW Primary Aluminium Market
4.5.1: ROW Primary Aluminium Market by Product Type: Primary Ingot or Billet and Primary Alloy
4.5.2: ROW Primary Aluminium Market by Application: Transportation, Construction, Packaging, Electrical & Electronics, Machinery & Equipments, Consumer Goods, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Primary Aluminium Market by Product Type
6.1.2: Growth Opportunities for the Global Primary Aluminium Market by Application
6.1.3: Growth Opportunities for the Global Primary Aluminium Market by Region
6.2: Emerging Trends in the Global Primary Aluminium Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Primary Aluminium Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Primary Aluminium Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: China Hongqiao
7.2: Rio Tinto
7.3: UC Rusal
7.4: Alcoa
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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