• Forecast CAGR (2020-2025): 6.4% • Forecast Market Size (2025): USD 19.4 billion. The aluminum used in passenger and commercial vehicles is lightweight and offers high stability, durability, and cost-effectiveness. The aluminum demand forecast is anticipated to show a 6.5% CAGR growth throughout the forecast period and touch a revenue estimate of USD 235.8 Billion by 2025. The speed of aluminium adoption in automobiles and demand will vary among countries due to economic development and global differences in CO 2 regulations. According to IMARC Group’s latest report, titled “Automotive Aluminum Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the market to reach register a CAGR of around 6% during 2020-2025. Global Marking Films Market Dynamics, Production, Supply and Demand Forecast covered in the Latest Research Available at TMR. But it should be enough to nudge aluminium demand growth back into positive territory. Aluminum is extensively used in the automotive industry in different forms of castings, extrusions, and sheets to produce vehicular components. Nevertheless, global demand growth will gradually slow compared with preceding years as Chinese economic growth and, therefore, demand for metals through automotive and infrastructure ticks lower. We forecast global aluminium consumption to increase from 64.2-million tonnes in 2021 to 78.4-million tonnes by 2029, averaging 2.6% annual growth. We have all data necessary for report preparation but it needs to be retrieved from our databases, organized in a report, updated with the latest information and thus the complete study will be presented. According to SMM senior aluminium analyst Lucy Liang, stronger supply pressure is weighing on aluminium prices in the coming year. The company sees demand increasing by 1.3% to 66.1 million tons in 2020 if coronavirus issues get solved quickly, with demand pull coming from the transportation sector. Aluminium Alloy Market 2020 Global Industry Size, Demand, Growth Analysis, Share, Revenue and Forecast 2026 Posted on Feb 28 2020 9:44 AM "Aluminium Alloy Market share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks. Continuing strong demand is also being reflected in price trends and has had an enormous impact on the level of international aluminium stocks. Our report on aluminum plates and sheets market for automotive and transportation industry provides a … To access earlier articles, click Advanced Search and set an earlier date range.To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. separate emails by commas, maximum limit of 4 addresses, Aluminium demand growth will soon outpace production growth, 30th October 2020 Demand The Economist Intelligence Unit estimates a decline in global primary aluminium demand of 4.3% (5.9% previously) in 2020, before an increase of 4% in 2021 and 3.5% in 2022. By: Marleny Arnoldi IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. This versatility of powdered aluminium is one of the major drivers of the market. To advertise email advertising@creamermedia.co.za or click here, Mining Weekly is a product of Creamer Media.www.creamermedia.co.za, Other Creamer Media Products include:Engineering NewsResearch Channel AfricaPolity, Sign up for our FREE daily email newsletter demand of cheaper fuel fade, autos production in 2018 is set to stay flat at 2017’s level of about 14.3 M units. Aluminium prices on Thursday softened by 0.59 per cent to Rs 161.15 per kg in futures trade as speculators cut bets amid subdued demand in spot market. Meanwhile, a ramp-up of smelter capacity in China should lay the foundations for a recovery in global production. We forecast global aluminium consumption to increase from 64.2-million tonnes in 2021 to 78.4-million tonnes by 2029, averaging 2.6% annual growth. 2. E-bikes, or electric bicycles, are bicycles that are equipped with an electric motor and rechargeable batteries, […], According to the latest report by IMARC Group, titled “Tractor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global tractor market grew at a CAGR of around 6% during 2014-2019. The agency predicts a rise in China’s total aluminium consumption from 36-million tonnes in 2021 to 39.8-million tonnes by 2029. “High Purity Aluminum Market is growing at a High CAGR during the forecast period 2020-2026. The global aluminium market is dominated by the transport and the construction segments. If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization. Global aluminium demand in 2014 rose by 7%, mainly as a result of stronger demand in North America and China in the fourth quarter of 2014. The automotive and aerospace sectors will increasingly support aluminium demand in key markets, as a lightweight – and therefore environmentally preferable – alternative to steel. The outlook also offered an update on renewables. https://www.imarcgroup.com/aircraft-tire-market, https://www.imarcgroup.com/computer-aided-engineering-market. FOCUS: Aluminium participants expect demand to fall further in 2020. The global Aluminium Panels for Shutter market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2025. The packaging industry, however, (both rigid and foil, in all forms) will benefit … The firm previously delayed activities owing to Covid-19 impacts. Aluminum price is expected to decrease to $1,760 per metric tonne in 2020 from an average of $1,790/mt in 2019 and rebound to $1,800/mt in 2021 as projected by the World Bank. Several deals between automotive or aircraft manufacturers and aluminium producers highlight this trend over the past few years, such as Arconic's multiyear supply deal with Toyota in 2017. In addition to this, the growing consumer purchasing power, along with expanding vehicular fleet, further propels the demand for automotive aluminum. Fitch further explains that global aluminium production will continue to rise over the coming years as higher prices incentivise producers to ramp up output. However, this will not result in an outright decline in absolute output over the coming years and China will remain the driving force behind global aluminium production. Compared to earlier polls, analysts signifi… • We forecast total IP growth of 2.5% this year, down from 2.9% posted in 2017. The market has been forecast based on revenue (US$ Mn) and volume (Kilo Tons) from 2017 to 2025. Save my name, email, and website in this browser for the next time I comment. Report Summary:,The global Aluminium Ingots market report is a comprehensive study that encompasses top manufacturers, prospective market share, revenue, purchaser volume with respect to dealing volume and global segmentation for the Aluminium Ingots industry.The report further includes market classification and definitions, product and industry overview, manufacturing specifications and … The global aluminium demand picture will be stable over the coming years, driven by steady demand growth in Asia and the growing application of aluminium in industries such as automotive and aerospace. According to IMARC Group’s latest report, titled “Automotive Aluminum Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the market to reach register a CAGR of around 6% during 2020-2025. Aluminum increased 47.25 USD/Tonne or 2.39% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Automotive Aluminum Market 2020-2025 Analysis and Segmentation: The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. This pandemic (COVID-19) has affected each & every … Market Insights The Global Aluminum Oxide Market is expected to exhibit a strong 6.68% CAGR over the forecast period from 2020 to 2030, according to the latest research report from Market Research Future (MRFR). Our analysts will share their insights on what’s trending in the non-ferrous metals Chinese domestic markets, as well as providing their analysis on the fundamentals that affects demand and supply. https://www.imarcgroup.com/automotive-aluminium-market/requestsample, https://www.imarcgroup.com/automotive-aluminium-market, E-Bike Market Research Report 2020, Industry Trends, Growth, Share and Forecast, Tractor Market Size, Growth, Future Trends, Top Companies, Opportunities and Demand Forecast to 2025, Impact of COVID-19 on Automotive Panoramic Sunroof Market 2020, Global Industry Size, Share, Key Players, Trends till 2025, Project Portfolio Management Market Report Size & Share | Global Industry, COVID-19 Impact, Trends and Forecast 2020-2025, First-Aid Kit Market COVID-19 Impact Analysis, Market Size, Share, Growth, Trends, Challenges and Opportunities, Forecast To 2025, Global Freeze-Drying Equipment Market Size (2021-2026) – IMARCGroup.com, Global Gypsum Board Market to be Driven by the Rising Infrastructure Sector in the Forecast Period of 2020-2025, Global Ceramic Tiles Market to be Driven by the Rising Construction Sector in the Forecast Period of 2020-2025, Global Power Cables Market to be Driven by the Growing Electrification Needs, in the Forecast Period of 2020-2025, Glycol Ethers Market Share 2020-2025 | Size, Price, Trends, Growth, Report and Forecast, Amg Advanced Metallurgical (OTCMKTS: AMVMF), Comprehensive mapping of the competitive landscape. Aluminum is expected to again be in surplus in 2020, with demand slowing down and China increasing exports of its high domestic inventories, which has led aluminum … *Please note that "Lead: 2020 World Market Review and Forecast" is a half ready publication and contents are subject to changes and additions. Note: As the novel coronavirus (COVID-19) continues to spread across the world, our […], Your email address will not be published. Dec 09, 2020 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." Note: Search is limited to the most recent 250 articles. The increasing interest of the individuals in this industry is that the major reason for the expansion of … Subscriptions are available via the Creamer Media Store. IMARC Group is a leading market research company that offers management strategy and market research worldwide. Aluminium Panels for Shutter Market Size, share Global Industry Trends, Growth Drivers, Demands, Business Opportunities and Demand Forecast to 2025 Published: Sept. 9, 2020 … The global Aluminum oxide market is expected to reach a valuation of USD 70,511.7 million by 2030, according to the report […] Demand will increase to 5.5 million tonnes in 2020, from 5.4 milion tonnes this year. Forecast CAGR (2020-2025): 1.5% 3. This while US aluminium consumption is likely to grow by 1.2% year-on-year in 2021 as automotive manufacturing resumes, recovering from the 5% contraction recorded in 2020. The rising demand for automotive aluminum based on the high tensile strength, recyclability, corrosion resistance, better thermal and electrical conductivity, further drives the market growth. Click on the button below to clear your default MiningWeekly.com regional edition. SAVE THIS ARTICLE Aluminium Cans Industry Market 2020 – Production, Supply, Demand, Analysis & Forecast to 2025 Market Study Report Date: 2020-12-13 Business Product ID: 2716318 The research report on the Aluminium Cans Industry market explores the key growth markers across the various geographies as well as their influence on the competitive landscape. *Please note that "Bauxite and Aluminum: 2020 World Market Review and Forecast" is a half ready publication and contents are subject to changes and additions. “Over 2021, we forecast consumption demand to grow by 3.3% year-on-year up from a contraction of 1.2% year-on-year in 2020,” the agency says. The aluminum used in […] Marketresesearch.biz offers a latest report based on Global Aluminum Beverage Cans Market industry along with it’s analysis, forecast 2020–2029, key insights, providing a competitive advantage to clients through this detailed report. Fitch forecasts Russian aluminium production to grow at an average 2% year-on-year in 2021, down from 2.3% in this year. On the Multi Commodity Exchange, aluminium for delivery in January eased by 95 paise, or 0.59 per cent, to Rs 161.15 per kg in a business turnover of 898 lots. This while Russia’s aluminium production will benefit next year from United Company Rusal’s resumption of the ramp-up at its Taishet smelter. Meanwhile, aluminium imports slumped by 2% year-on-year to 1.5 million tonnes in 2018-19. Explore full report with table of contents: https://www.imarcgroup.com/automotive-aluminium-market. ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here That compares with … Please enter the email address that you used to subscribe on Mining Weekly. 50 th MT during 2020-2024 progressing at a CAGR of 4% during the forecast period. Furthermore, the EIA forecast an average crude price of $49 per barrel in 2021, up from the expected average of $43 per barrel in Q4 2020. Moreover, the implementation of several government initiatives to reduce greenhouse gases in the automotive manufacturing industry is anticipated to proliferate the market for automotive aluminum. The product is used extensively in steel, cement, refractory, and other industries. It helps businesses obtain granular level clarity on current business trends and expected future developments. Of 2008 contents: https: //www.imarcgroup.com/automotive-aluminium-market/requestsample: https: //www.imarcgroup.com/automotive-aluminium-market/requestsample growth driven by fiscal. The rising demand for aluminum during the next 10 years and overall employment,. Save my name, email, and other industries over the coming years as higher prices incentivise producers to up! 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