Aluminum Market
                     Aluminum Market with Detailed Analysis, Competitive landscape, Forecast to 2027
Market Overview
Aluminum is one of the abundant element found in the Earth’s crust after silicon and oxygen 
incorporated in a mineral, bauxite ore. It weighs about one-third as much as copper or steel. It is 
ductile, malleable, and exhibits excellent durability, corrosion resistance and significant strength 
when alloyed. It is widely used in automobiles, cans, foils, windows, cooking utensils and others
Aluminum is a silver-white element and belongs to group 13 of the periodic table. It is durable, 
light, and functional that makes the aluminum ideal as an engineering material since it is highly 
resistant to corrosion. Moreover, aluminum metal is nontoxic (as the metal) and nonmagnetic. It has
a wide range of applications across various industries for making different products. Aerospace, 
construction, manufacturing, electronics, packaging, etc. are some of the major end-user industries 
of the aluminum. It is also used as an electrical transmission line and packaging materials such as 
cans and containers.
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Market Dynamics
Increasing demand from automotive sectors where reduced weight is significant for emission 
control, is fueling the growth of aluminum market. Furthermore, new technological advancements 
in aluminum is expected to drive the aluminum market growth. For instance, in May 2018, Rio 
Tinto and Alcoa Corporation announced a free aluminum smelting process to make aluminum 
which produces oxygen and eliminates emissions of all direct greenhouse gases. Apple is investing 
in this joint venture on carbon-free smelting process.
However, increasing presence of aluminum substitutes such as zinc and copper is restraining the 
growth of aluminum market.
Various manufacturers are focused towards organic and inorganic growth strategies such as 
mergers, acquisition and joint venture to enhance their global footprint. For instance, in February 
2018, Patrick Industries, Inc. acquired assets of Aluminum Metals Company, LLC (AMC), the 
distributor and manufacturer of aluminum products which includes extrusions, fabricated sheets and
coils. This acquisition allows them to be an expertise as a high quality supplier of a variety of 
customized fabricated aluminum products.
Detailed Segmentation:
Global Aluminum Market, By Product Type:
• Extrusions
• Rolled
• Castings
• Wire & Cable
• Others
Global Aluminum Market, By Application:
• Automotive & Transportation
• Construction
• Packaging
• Electrical & Electronics
• Consumer Durables
• Others
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Keyplayers
Key companies covered as a part of this study includes, Rio Tinto Plc, Norsk Hydro ASA, UC 
RUSAL, Alcoa Inc., China Hongqiao Group Ltd., Aluminum Corporation of China Limited, 
Emirates Global Aluminum PJSC, Noranda Aluminum Holding Corporation, Aditya Birla 
Management Corporation Pvt. Ltd. and China Power Investment Corporation
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