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. 2020 PREVIEW: Poor demand, tight margins prompt cautious outlook for aluminium supply chain Participants are taking a cautious approach to the aluminium market in 2020, with poor downstream demand and low product premiums threatening already-tight margins in the industry. This while Russia’s aluminium production will benefit next year from United Company Rusal’s resumption of the ramp-up at its Taishet smelter. Global Aluminum Honeycomb Market report gives out an in-depth analysis of the market scenario and covers the segmentation of the market in an insightful manner. China’s aluminium production growth will slow down over the coming years as the government’s push for consolidation and stricter environmental regulations takes higher-cost and less efficient capacity offline. Contact US:IMARC Group30 N Gould St, Ste RSheridan, WY 82801, USAWebsite: https://www.imarcgroup.com/Email: sales@imarcgroup.comUSA: +1-631-791-1145Follow us on twitter: @imarcglobalLinkedin: https://www.linkedin.com/company/imarc-group, Market Outlook: According to the latest report by IMARC Group, the global e-bike market reached a value of US$ 20.8 Billion in 2019. The agency forecasts India’s aluminium consumption to increase from 2.7-million tonnes in 2021 to 8.7-million tonnes by 2029. The automotive and aerospace sectors will increasingly support aluminium demand in key markets, as a lightweight – and therefore environmentally preferable – alternative to steel. Aluminium integration will rise in more regulated automotive markets such as the US, the EU and Japan, although developing markets will also present growth opportunities. 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 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. Click on the button below to clear your default MiningWeekly.com regional edition. 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. Aluminum is extensively used in the automotive industry in different forms of castings, extrusions, and sheets to produce vehicular components. Meanwhile, aluminium imports slumped by 2% year-on-year to 1.5 million tonnes in 2018-19. Meanwhile, a ramp-up of smelter capacity in China should lay the foundations for a recovery in global production. 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. The rising demand for aluminium powder in the building and manufacturing industry is driving the market forward. “High Purity Aluminum Market is growing at a High CAGR during the forecast period 2020-2026. 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. 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). 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. The consumption is likely to increase at a CAGR of 3.63% in the forecast period of 2020-2025 to reach a volume of approximately 85 million metric tons by 2025. Capacitor Aluminum Market Size 2020 Global Industry Share, Growth, Trend, Demand, Top Players, Opportunities and Forecast to 2025 Category: #reports By Sachin Pashte Date: 2020-10-26 share From 2025 onwards, Fitch expects the market oversupply to widen again, as demand will benefit from construction industry growth in key countries and the growing recognition of aluminium as a lightweight substitute for steel in automotive. Additionally, the accelerating shift towards electric vehicle adoption in select Asian and European markets will add upside potential to aluminium consumption, as automakers utilise the metal in structural parts and batteries. The report has segmented the market on the basis of major regions. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024. The forecast calls for further slowing in 2019 (0.3%) and 2020 (0.7%), due to deteriorating global trade. It also covers the impact of these drivers and restraints on demand for aluminum during the forecast period. We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. The packaging industry, however, (both rigid and foil, in all forms) will benefit … The aluminum used in […] Aluminum Die Casting Market Report acts as a valued source of information with which businesses can achieve a telescopic view of the current market trends, consumer’s demands and preferences, market situations, opportunities and market status. IMARC’s latest study “Aluminium Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” provides a detailed insight into the global aluminium powder market. 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 … According to the latest report by IMARC Group, titled “Aluminum Die Casting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global aluminum die casting market grew at a CAGR of around 11.23% during 2014-2019.Aluminum die casting refers to a manufacturing process, which produces geometrically defined, accurate, complex and textured … The market has been forecast based on revenue (US$ Mn) and volume (Kilo Tons) from 2017 to 2025. In 2017-18, steel demand in the U.S. benefitted from strong growth driven by government-led fiscal stimulus, boosting business confidence and overall employment. Additionally, the market is fueled by the growing adoption of robotics technology in the assembly lines for optimized manufacturing. 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. But it should be enough to nudge aluminium demand growth back into positive territory. The study includes drivers and restraints of the global aluminum market. • We forecast total IP growth of 2.5% this year, down from 2.9% posted in 2017. 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. At the same time, demand in emerging markets including Russia, Latin America and India showed lower consumption in the fourth quarter of 2014 and as a result missed expectations for the entire 2014 forecast. Aluminium Panels for Shutter Market Size, share Global Industry Trends, Growth Drivers, Demands, Business Opportunities and Demand Forecast to 2025 Published: Sept. 9, 2020 … Alcoa projected global aluminum supply will exceed demand by as much as 1 million metric tons in 2020, fueled by production in China. 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. Aluminum is among one of the most amply available metals in the earth's crust and is commonly mined from bauxite. The increasing interest of the individuals in this industry is that the major reason for the expansion of … He is, however, forecasting modest rebounds in global non-ferrous metal demand growth in 2020 – for example, 2.1% growth for copper and 2.7% growth for aluminium. 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. 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. 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