Global Processed Alumina And Aluminum Market Research 2024, Forecast To 2033
18 Jan, 2024
The processed alumina and aluminum market have witnessed strong growth, increasing from $912.04 billion in 2023 to $971.22 billion in 2024, showcasing a 6.5% CAGR. Historical growth is attributed to global economic trends, raw material prices, technological advancements, and end-user industries.
Global Processed Alumina And Aluminum Market Key Driver
The alumina and aluminum market's growth is linked to increased construction activity in emerging markets. Aluminum finds extensive use in construction applications such as windows, doors, and roofing. The Office for National Statistics reports a 12.7% annual rise in the construction sector in 2021, contributing to the market's growth.
Get A Free Sample Of The Global Processed Alumina And Aluminum Market ReportGlobal Processed Alumina And Aluminum Market Segments
The processed alumina and aluminum market covered in this report is segmented –
1) By Type: Aluminum Products From Purchased Aluminum, Secondary Smelted and Alloyed Aluminum, Refined Alumina and Primary Aluminum Production
2) By Application: Automotive, Manufacturing, Other Applications
Subsegments Covered: Sheet, Plate, Foil, Welded Tube, Smelted Aluminum, Alloyed Aluminum, Refined Alumina, Aluminum Production
By Geography: The regions covered in the processed alumina and aluminum market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
The Asia-Pacific was the largest region in the processed alumina and aluminium market in 2023. Western Europe was the second-largest region in the processed alumina and aluminium market. The regions covered in the processed alumina and aluminium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Processed Alumina And Aluminum Industry Players
Hindalco Industries Ltd., China Hongqiao Group Limited, Novelis Inc, Rio Tinto, Alcoa Corporation, United Co RUSAL PLC, Aluminum Corporation of China Limited (CHALCO), Glencore International, Emirates Global Aluminum, Norsk Hydro ASA, Alcoa Corporation, Emirates Global Aluminium, Century Aluminum Company, Hindalco Industries, Alumina Limited, National Aluminium Company Limited (NALCO), China Power Investment Corporation, Alumina & Bauxite Limited, Aluminum Bahrain, Aluminum Corporation of America, KP Aluminum, Vedanta Limited, Shandong Nanshan Aluminum, Hulamin, Gulf Aluminum Rolling Mill Company, China Zhongwang Holdings, Eastern Aluminum, IBC Advanced Alloys, Tri-Arrows Aluminum, Vimetco N.V., Aludium
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Processed Alumina And Aluminum Market Overview
Processed alumina and aluminum refer to a process that involves alumina extraction primarily from bauxite ore, producing aluminum from alumina, recovering aluminum from scrap or dross, refining aluminum by any process, alloying purchased aluminum, and rolling, drawing, casting, extruding, and alloying aluminum and aluminum-based alloys into primary forms such as bar, foil, pipe, plate, rod, sheet, tube, and wire.
Processed Alumina And Aluminum Global Market Report 2023 provides data on the global processed alumina and aluminum market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The processed alumina and aluminum market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.