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Global Aluminium Industry Report: by Application; Country Overview; Recent Events; Value Chain Analysis; Trade Analysis; Cost Structure; Price Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Market Analysis: Market Overview, Price Analysis; Industry Best Practices; Key Supplier Analysis, 2022-2027

Aluminium Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices

The global aluminium market reached a value of about 65.52 MMT in 2021. The industry is projected to grow at a CAGR of around 4.0% in the forecast period of 2022-2027 to reach a value of about 73.22 MMT by 2027.

The industry report gives a comprehensive analysis of the industry including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The extensive application that aluminium finds in a wide range of sectors is the primary driving factor of the market's expansion. In the industry report, the critical demand indicator is the highest category spender by region—the Asia Pacific owing to the increasing construction activities in the area.

Industry Definition and Segmentation

Aluminium is a silvery-white chemical element with 13 and the symbol Al. It has a lower density than most other common metals, around one-third that of steel. When exposed to air, it has a powerful affinity for oxygen and creates a protective coating of oxide on the surface. The metal has a hue like silver and has a high propensity to reflect light. It is ductile, soft, and non-magnetic. It is the most common metal on the planet, accounting for more than 8% of its core mass. The aluminium industry report comprises segments by processing (flat-rolled, castings, extrusions, forgings, pigments & powder, and rod & bar), series (series 1, series 2, series 3, series 4, series 5, series 6, series 7 and series 8), end-user (transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others (solar panel nanotechnology and aluminium air batteries), and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

North America, Europe, Asia Pacific, Middle East & Africa, and South America Regions are Driving the Growth of the Industry

The Asia Pacific region holds a significant share in the industry due to China's increasing urbanisation and industrial expansion. Furthermore, Korean manufacturers' primary methods for improving their aluminium market share are product innovation and capacity growth.

One of the primary reasons driving the industry evaluated recently is increased construction activity worldwide. The development of the transportation industry, technological advancements in aluminium manufacturing technologies and processing equipment, and an increase in the use of aluminium in various sectors such as building & construction and foil & packaging are all driving the global aluminium market forward. The increasing demand for hotels, retail malls, high-rise buildings, arenas, and stadiums (both indoor and outdoor) has increased, increasing the region's construction sector, and rising aluminium demand. Other factors such as growing population, rapid industrial development, increasing middle-class earnings, and urbanisation are furthering the market growth.

However, rising alternative competition and price variations in raw materials such as alumina hamper the aluminium market's growth.

Best Procurement Practices

The global aluminium industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global aluminium regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers.

Category Management Studies

The initial stage in aluminium production is bauxite rock from the soil. Bauxite is converted to alumina using the Bayer process, then processed further using the Hall–Héroult process to generate the final aluminium metal. Bauxite is crushed after it has been combined to provide a uniform composition. The resultant slurry is mixed with a hot sodium hydroxide solution, then processed at a pressure far above atmospheric pressure in a digester tank, dissolving the aluminium hydroxide in bauxite while turning impurities into comparably insoluble compounds. As the pressure is reduced, steam is removed, cooling the system. Once the bauxite residue has been extracted from the solution, it is discarded. Tiny aluminium hydroxide crystals are seeded into the solution, causing the [Al (OH)4] ions to break down into aluminium hydroxide. After nearly half of the aluminium has precipitated, the mixture is transported to classifiers. The excess solution is evaporated, filtered, and recycled. Tiny aluminium hydroxide crystals are collected as seeding agents; coarse particles are heated to convert to alumina; and the surplus solution is evaporated, filtered, and recycled. Alumina is converted to aluminium metal via the Hall–Héroult technique; it is electrolysed in molten cryolite, and calcium fluoride mix to produce metallic aluminium in this energy-intensive process. The liquid aluminium metal plunges to the bottom of the solution and is tapped off before being shaped into massive billets for further processing.

The anodes of the electrolysis cell are made of carbon, which is the most resistant material against fluoride corrosion, and are either baked or prebaked throughout the process. The cathode is consumed at a 0.02–0.04 kg rate for every kilogram of aluminium produced. A cell is usually terminated 2–6 years after the cathode breaks down. The Hall–Heroult process creates aluminium with a purity of above 99 percent. To cleanse the water even further, apply the Hoopes process. In this technique, molten aluminium is electrolysed with a sodium, barium, and fluoride electrolyte. The resultant aluminium has a purity of 99.99 percent.

The Automotive Sector, Further Driving the Procurement of Aluminium

The rise in demand for aluminium-based automotive components that can withstand corrosion and high heat while cost-effective is propelling the aluminium sector forward. The rapidly increasing automotive production and sales levels are expected to boost demand for aluminium. Furthermore, the market's growth is fueled by continual improvements in the transportation industry and ongoing R&D operations to produce novel, more effective, and less expensive aluminium products.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Aluminium Industry Report

  • Aluminium Corporation of China Limited
  • China Hongqiao Group Co., Ltd
  • Xingfa Aluminium Holdings Ltd
  • Vedanta Aluminium

Market Landscape

Government rules aimed at reducing the environmental impact of aluminium goods have moved the industry's attention to sustainability. The entire bauxite mining process for aluminium manufacturing is quite polluting. Aluminium regulatory authorities and the government have started a recycling programme to reduce the influence on the worldwide environment. China and India are two of the most important developing economies focused on secondary or recycled aluminium. The industry is competitive, so leading corporations have an extensive product range, a large distribution network, and significant R&D spending, all of which contribute to their high market share.

Key Initiatives by Companies

  • Alcoa and China Power Investment Corporation (CPI) signed a memorandum of understanding (MOU) in January 2021 to work together on projects totalling more than USD 7.5 billion in aluminium and energy over the next few years.
  • Novelis Inc., the world leader in aluminium rolling and recycling, announced the purchase of Aleris Corporation, a global provider of rolled aluminium products, in April 2020.
  • Aluminium Corp of China Ltd, or Chalco, paid CNY 1.29 billion (USD 183 million) in a share sale in December 2019 for a 10% interest in regional aluminium manufacturer Yunnan Aluminium.

1.    Executive Summary
2.    Global Aluminum Market Snapshot

    2.1.    Aluminum Market Outlook
    2.2.    Aluminum Industry Analysis by Application
        2.2.1.    Transportation
        2.2.2.    Construction
        2.2.3.    Packaging
        2.2.4.    Electrical
        2.2.5.    Machinery & Equipment
        2.2.6.    Consumer Durables
    2.3.    Regional Overview
        2.3.1.    North America
        2.3.2.    Europe
        2.3.3.    Asia Pacific 
        2.3.4.    Latin America
        2.3.5.    MEA
3.    Impact of Recent Events 
4.    Aluminum Value Chain Analysis 
5.    Aluminum Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    Aluminum Cost Structure
9.    Aluminum Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Aluminum Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry 
13.    Feedstock Market Analysis
    13.1.    Market Overview
    13.2.    Price Analysis 
14.    Industry Best Practices
    14.1.    Sourcing Strategy
    14.2.    Procurement Model
    14.3.    Contract Structure
    14.4.    Negotiation Levers
    14.5.    Pricing Model
    14.6.    Key Factors Influencing the Quotation 
15.    Key Supplier Analysis
    15.1.    United Company RUSAL
    15.2.    Aluminum Corporation of China Ltd
    15.3.    China Hongqiao Group Co., Ltd
    15.4.    Xingfa Aluminium Holdings Ltd
    15.5.    Vedanta Limited

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Key Questions Answered in the Report

The global aluminium market size was valued at 65.52 MMT in 2021.

As per the end uses, the construction segment is anticipated to lead the market between the period 2022 - 2027.

The major demand for aluminium in the rapidly developing construction sector is primarily driving the industry.

RUSAL, Aluminium Corporation of China Limited, China Hongqiao Group Co., Ltd, Xingfa Aluminium Holdings Ltd, Vedanta Aluminium are some of the leading companies in the market.

The end-use segments of the industry are Transportation (26%), Construction (24%), Packaging (16%), Electrical (11%), Machinery &Equipment (11%), Consumer Durables (6%) and Others(6%) holds the majority share in the market.

Analyst Review

The global aluminium market attained a value of 65.52 MMT in 2021, driven by the rising prevalence of construction activities. The global aluminium market is being propelled forward by the development of the transportation industry, technological advancements in aluminium manufacturing technologies and processing equipment, and an increase in the use of aluminium in various sectors such as building & construction and foil & packaging. Other market expansion factors include population increase, fast industrial development, rising middle-class wages, and urbanisation. They were aided by the rising demand for aluminium-based vehicle components that can endure corrosion and high heat while being cost-effective; the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 4.0%. The market is projected to reach 73.22 MMT by 2027.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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