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Oct 7, 2020 3:03 AM ET

Aluminum Market Updated COVID 19 Outbreak Impact Analysis & Recovery | Alcoa Corporation, Rio Tinto Alcan Inc. , Norsk Hydro ASA , RUSAL


iCrowd Newswire - Oct 7, 2020

Global Aluminum Market Size study, by Type (Primary and Secondary), By Product (Flat Rolled, Castings, Extrusions, Forgings, Pigments & Powder, and Rod & Bar), By Industry (Transport, Building & Construction, Electrical Engineering, Consumer Goods, Foil & Packaging, Machinery & Equipment, and Others), and Regional Forecasts 2020-2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of 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 Aluminum market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Aluminum market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis

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Aluminum Market

 Global Aluminum Market has valued approximately at USD XX million in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2020-2027.

Aluminum is an electronegative metal with a heavy oxygen affinity. It is commonly used in the food & packaging and pharmaceutical industry because it is non-toxic in nature, protects food for an extended period of time. Aluminum is a good electrical conductor and is therefore often used in electrical transmission lines. In addition, due to its high volumetric energy density, it is used as the primary propeller for the solid rocket booster engine in the space shuttle. Corrosion resistance, reflectivity, and recyclability are other characteristics of aluminum which make it a favored option for various industrial applications.

The growth of the global aluminum demand is propelled by innovations in the transport sector, technical improvements in aluminum production technology and processing machinery, and a rise in the use of aluminum in different sectors, such as building and foil and packaging. However, growing rivalry from competitors and volatility in the price of raw materials, such as alumina, are some of the factors restricting the development of the aluminum industry. Rise in demand from developing economies such as China and India and expanded usage of recycled aluminum goods globally offers attractive prospects for business expansion. As per the Aluminum Association Industry Statistics, in 2017 in US the aluminum generation was 1.4% of the total Municipal Solid Waste generation accounting at 3.8 million tons. This waste includes 1.9 million tons of aluminum from durable and non-durable goods.

Lowering energy needs is one of the big obstacles confronting the aluminum industry. Another factor that is expected to drive the growth of the global aluminum market is the shift in the food & beverage industry towards packaged food, particularly in developing markets such as India, China and Brazil. The demand for aluminum in the packaging industry is expected to increase due to the rapid spread of processed food and beverage products in developing countries. As per the Aluminum Association Industry of the total 3.8 million tons of aluminum waste generated by US in 2017 1.9 million tons was from aluminum containers and packagings.

However, it is expected that fierce competition from alternative materials such as glass and plastics will hinder the growth of the aluminum market during the forecast period. Amidst the COVID-19 Pandemic, the decline in import and export of raw materials have resulted in the shutdown of various production and manufacturing units. Even before Covid 19, the London Metal Exchange had stressed the sale price of metal ($1,750 / ton), which is now down to a low of $1,440 / ton, making 90 per cent of the world’s smelters unworkable. Without some government funding, aluminum producers would have to close down the factory.

The regional analysis of global Aluminum market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading region in terms of growth due to massive urbanization, income growth for urban people and rapid industrial development. In addition, continuous advances in the transport sector and ongoing R&D activities to develop innovative, more efficient and cheaper aluminum products are driving the growth of the market.

Key Segments Studied in the Global Aluminum Market

Professional Key players: 

Alcoa Corporation

Rio Tinto Alcan Inc.

Norsk Hydro ASA

RUSAL

Dubai Aluminum Company Limited

Aluminium Bahrain B.S.C

Century Aluminium Company

Aluminium Corporation of China Limited (CHALCO)

BHP Billiton Limited

Emirates Global Aluminum PJSC

Market Segmentation:
Global Aluminum Market Size study,

By Type (Primary and Secondary),

By Product (Flat Rolled, Castings, Extrusions, Forgings, Pigments & Powder, and Rod & Bar),

By Industry (Transport, Building & Construction, Electrical Engineering, Consumer Goods, Foil & Packaging, Machinery & Equipment, and Others), and

Regional Forecasts 2020-2027

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

 Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; 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; USA; Venezuela; Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:
The research includes the key strategic activities such as R&D plans, M&A completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale.

Key Market Features in COVID-19 Outbreak:

The report highlights market features, including revenue, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, supply & demand, cost bench-marking, market share, CAGR, and gross margin.

Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster speed and why?

Q.3 Which regions will grow at a faster speed and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats of market?

Q.6 What are emerging trends in market and the reasons behind them?

Q.7 What are some 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 leading players in market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this market?

Q.11 What M & A activities have taken place in the last five years in this market?

The Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Aluminum Market Report:

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)
1.2.1. Aluminium Market, by Region, 2018-2027 (USD Million)
1.2.2. Aluminium Market, by Type, 2018-2027 (USD Million)
1.2.3. Aluminium Market, by Product, 2018-2027 (USD Million)
1.2.4. Aluminium Market, by Industry, 2018-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Aluminium Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Aluminium Market Dynamics
3.1. Aluminium Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Aluminium Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Aluminium Market, by Type
5.1. Market Snapshot
5.2. Global Aluminium Market by Type, Performance – Potential Analysis
5.3. Global Aluminium Market Estimates & Forecasts by Type 2017-2027 (USD Million)
5.4. Aluminium Market, Sub Segment Analysis
5.4.1. Primary
5.4.2. Secondary
Chapter 6. Global Aluminium Market, by Product
6.1. Market Snapshot
6.2. Global Aluminium Market by Product, Performance – Potential Analysis
6.3. Global Aluminium Market Estimates & Forecasts by Product 2017-2027 (USD Million)
6.4. Aluminium Market, Sub Segment Analysis
6.4.1. Flat Rolled
6.4.2. Castings
6.4.3. Extrusions
6.4.4. Forgings
6.4.5. Pigments & Powder
6.4.6. Rod & Bar
Chapter 7. Global Aluminium Market, by Industry
7.1. Market Snapshot
7.2. Global Aluminium Market by Industry, Performance – Potential Analysis
7.3. Global Aluminium Market Estimates & Forecasts by Industry 2017-2027 (USD Million)
7.4. Aluminium Market, Sub Segment Analysis
7.4.1. Transport
7.4.2. Building & Construction
7.4.3. Electrical Engineering
7.4.4. Consumer Goods
7.4.5. Foil & Packaging
7.4.6. Machinery & Equipment
7.4.7. Others
Chapter 8. Global Aluminium Market, Regional Analysis
8.1. Aluminium Market, Regional Market Snapshot
8.2. North America Aluminium Market
8.2.1. U.S. Aluminium Market
8.2.1.1. Type breakdown estimates & forecasts, 2017-2027
8.2.1.2. Product breakdown estimates & forecasts, 2017-2027
8.2.1.3. Industry breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Aluminium Market
8.3. Europe Aluminium Market Snapshot
8.3.1. U.K. Aluminium Market
8.3.2. Germany Aluminium Market
8.3.3. France Aluminium Market
8.3.4. Spain Aluminium Market
8.3.5. Italy Aluminium Market
8.3.6. Rest of Europe Aluminium Market
8.4. Asia-Pacific Aluminium Market Snapshot
8.4.1. China Aluminium Market
8.4.2. India Aluminium Market
8.4.3. Japan Aluminium Market
8.4.4. Australia Aluminium Market
8.4.5. South Korea Aluminium Market
8.4.6. Rest of Asia Pacific Aluminium Market
8.5. Latin America Aluminium Market Snapshot
8.5.1. Brazil Aluminium Market
8.5.2. Mexico Aluminium Market
8.6. Rest of The World Aluminium Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Alcoa Corporation
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Industry Summary
9.2.1.5. Recent Developments
9.2.2. Rio Tinto Alcan Inc.
9.2.3. Norsk Hydro ASA
9.2.4. RUSAL
9.2.5. Dubai Aluminum Company Limited
9.2.6. Aluminium Bahrain B.S.C
9.2.7. Century Aluminium Company
9.2.8. Aluminium Corporation of China Limited (CHALCO)
9.2.9. BHP Billiton Limited
9.2.10. Emirates Global Aluminum PJSC
Chapter 10. Research Type
10.1. Research Type
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

……..and view more in complete table of Contents

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