Scope of the Study
Growing urbanization will help to boost global aluminum ingot market. The aluminum ingot is an important raw material for producing aluminum products. It is an environment-friendly metal material with heat and electric conductivity, and light, malleable, corrosion-resisting, and recycling features, which allow its wide use in many sectors like construction, electricity, transportation, packaging, and daily consumption products.
The market study is being classified by Type (Aluminium Ingot for Remelting, Pure Aluminium Ingot and Aluminum Alloy Ingot), by Application (Construction, Automotive, Electrical & Electronics, Machinery & Equipment and Others) and major geographies with country level break-up.
Alcoa (United States), Hindalco Industries (Aditya Birla Group) (India), Aluminum Corporation of China (China), EGA (United Arab Emirates), Aluminum Bahrain (Bahrain), China Hongqiao Group Limited (China), Rio Tinto (United Kingdom), Rusal (Russia), China Power Investment Corp. (CPI) (China) and Norsk Hydro ASA (Norway) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Ball Corporation (United States) and Century Aluminium Company (United States).
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Chinese & United States Vendors will contribute to the maximum growth of Global Aluminum Ingot market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Aluminum Ingot market by Type, Application and Region.
On the basis of geography, the market of Aluminum Ingot has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia- Pacific region held largest market share in the year 2017. If we see Market by Grade Type, the sub-segment i.e. 93%－99.999% will boost the Aluminum Ingot market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand Due Growth in Construction Industry
- High Demand due to Rapid Urbanization
- Technological Advancements in Aluminum Manufacturing Technologies and Processing Equipment
- Growth in Transportation Industry
- Volatile Raw Material Price
- Huge Demand in Foil & Packaging Industry Due To Attraction towards E-Commerce Industry
- Increase in Use of Recycled Aluminum Products Globally
- Lowering Energy Requirement
Market Leaders and their expansionary development strategies
On 26th June 2019, RUSAL, one of the leading global aluminium producers, has launched a potroom control system as part of its production efficiency improvement strategy. Such a development will use advanced scientific and methodological approaches based on forecast analytics known as ‘BigData’.
Key Target AudienceManufactures of Aluminum Ingot, Suppliers and Distributors, Government and Private Research Organization, Government regulatory Bodies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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