Global Processed Alumina And Aluminum Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Processed Alumina And Aluminum Market Report by The Business Research Company covers processed alumina and aluminum market drivers and restraints, processed alumina and aluminum market size, major players, and the impact of COVID-19 on the processed alumina and aluminum market.
The processed alumina and aluminum market consists of sales of processed alumina and aluminum by entities (organizations, sole traders and partnerships) primarily engaged in 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 alloy into primary forms such as bar, foil, pipe, plate, rod, sheet, tube, wire. The processed alumina and aluminum market is segmented into aluminum products from purchased aluminum, secondary smelted and alloyed aluminum, and refined alumina and primary aluminum production.
The alumina and aluminum market growth in the historic period was mainly driven by the increase in construction activity in emerging markets. Emerging markets which registered robust construction activity included China, Brazil, India, Saudi Arabia and Indonesia.
The global processed alumina and aluminum market is expected to grow from $748.51 billion in 2020 to $804.12 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1093.06 billion in 2025 at a CAGR of 8%.
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Some processed alumina and aluminum market trends include aluminum manufacturers using furnace insulators to minimize energy loss during the melting process. Furnace insulators are temperature resistant materials used for thermal insulation of furnaces. Advanced furnace insulators have temperature resistance of up to 1200C with low shrinkage of less than 1% at 700C. They also provide high resistance to thermal shock, abrasives, and chemicals. Recent tests have indicated that in terms of thermal conductivity, the advanced low bio-persistent fiber-based board furnace insulator perform better than calcium silicate by about 20% at 600C and 15% at 800C. Major companies offering furnace insulators include Morgan, Thermal Products Company, Nichias.
Global processed alumina and aluminum market segments include:
1) By Type: Aluminum Products From Purchased Aluminum, Secondary Smelted And Alloyed Aluminum, Refined Alumina And Primary Aluminum Production.
2) By Application: Automotive, Manufacturing, Others.
Subsegments Covered: Sheet, Plate, Foil, Welded Tube, Smelted Aluminum, Alloyed Aluminum, Refined Alumina, Aluminum Production.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global processed alumina and aluminum market share.
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The Processed Alumina And Aluminum Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides processed alumina and aluminum market overviews, analyzes and forecasts market size, share, processed alumina and aluminum market players, processed alumina and aluminum market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The processed alumina and aluminum market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Processed Alumina And Aluminum Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Rio Tinto, Weiqiao/ Hongqiao Group, United Co RUSAL PLC, Alcoa, Norsk Hydro.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The processed alumina and aluminum Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The processed alumina and aluminum Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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