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Aluminium Industry Report: Analysis and Forecast 2022-2027

Aluminium Industry Report: Analysis and Forecast 2022-2027

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

In 2021, the global aluminium market had comprehended growth of about 65.52 MMT. Almost a CAGR of about 4.0% in the forecast period of 2022-2027 is estimated to be seen for the Aluminium industry and would reach a value of about 73.22 MMT by 2027.

Aluminium is used in various industries which are upsurging the market. Because of the augmented structure-activity in the area, the dynamic mandate indicator is the main category payor by area in the trade procurement report— Asia Pacific.

Aluminium: Industry Definition and Segmentation

Scope

Aluminium could be a silvery-white matter with the symbol Al and therefore the number 13. it’s one-third the density of steel and incorporates a lower density than most other popular metals. it’s a robust affinity for oxygen and forms a protective layer of oxide on the surface when exposed to air. The metal encompasses a silvery tint and a good ability to reflect light. it’s non-magnetic, ductile, and soft. it’s the foremost abundant metal on the world, making up over 8% of its total mass.

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The Aluminium industry report comprises segments:

  • By processing – flat-rolled, castings, extrusions, forgings, pigments & powder, and rod & bar
  • By series – series 1, 2, 3, 4, 5, 6, 7, and 8
  • By end-user – transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others (solar panel nanotechnology and aluminium air batteries)
  • By region – North America, Europe, Asia Pacific, Middle East & Africa, and South America

Snapshot of the Report

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

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Category Drivers

The demand for aluminum-based automotive components that can withstand corrosion and high heat while remaining cost-effective is driving the aluminium industry forward. Aluminium demand is predicted to rise in response to fast-rising automobile production and sales. Furthermore, the market’s growth is supported by ongoing R&D efforts to manufacture unique, more effective, and less expensive aluminium products, as well as continuing advances in the transportation industry.

Category Insight by Region

Due to China’s expanding urbanisation and industrial expansion, the Asia Pacific region maintains a substantial portion of the market. Furthermore, product innovation and capacity expansion are the key tactics used by Korean manufacturers to increase their aluminium market share.

Increased construction activity around the world is one of the major factors driving the industry’s current evaluation. 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. The rising demand for hotels, shopping malls, high-rise buildings, arenas, and stadiums (both indoor and outdoor) has increased the region’s construction sector, as well as the demand for aluminium. Other factors driving market expansion include rising population, rapid industrial development, rising middle-class earnings, and urbanisation.

Best Procurement Practices

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

Category Management Studies

Bauxite rock mined from the ground is the first step in the manufacturing of aluminium. The Bayer process converts bauxite to alumina, which is then processed further using the Hall–Héroult process to produce the final aluminium metal. After the bauxite has been mixed, it is crushed to create a homogenous composition. The resulting slurry is combined with a hot sodium hydroxide solution before being treated in a digester tank at a pressure considerably above atmospheric pressure, dissolving the aluminium hydroxide in bauxite while converting impurities into insoluble compounds. Steam is withdrawn as the pressure is lessened, cooling the system. The bauxite residue is dumped once it has been removed from the solution.

The [Al (Al (OH)4] ions are broken down into aluminium hydroxide when tiny aluminium hydroxide crystals are seeded into the solution. The mixture is delivered to classifiers after almost half of the aluminium has precipitated. Excess solution is filtered, evaporated, and recycled. As seeding agents, minuscule aluminium hydroxide crystals are collected; coarse particles are heated to convert to alumina; and the excess solution is evaporated, filtered, and recycled. The Hall–Héroult procedure is used to convert alumina to aluminium metal; it is electrolyzed in molten cryolitecryolite and calcium fluoride to make metallic aluminium in this energy-intensive process. The liquid aluminium metal sinks to the bottom of the solution and is tapped off before being formed into huge billets to be processed further.

The electrolysis cell’s anodes are constructed of carbon, which is the most resistant material against fluoride corrosion, and are baked or prebaked at various stages of the process. For every kilogramme of aluminium produced, the cathode is consumed at a rate of 0.02–0.04 kg. After the cathode breaks down, a cell is normally terminated 2–6 years later. Aluminium with a purity of above 99 percent is produced through the Hall–Heroult process. Apply the Hoopes method to further purify the water. Molten aluminium is electrolyzed using a sodium, barium, and fluoride electrolyte in this method. The resulting aluminium is 99.99 percent pure.

Key Supplier Profiles included in the Aluminium Industry Report

The key market players are the RUSAL, Aluminium Corporation of China Limited, China Hongqiao Group Co., Ltd, Xingfa Aluminium Holdings Ltd and Vedanta Aluminium.

The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliernutms.

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Procurement Resource

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts.