Outlook on the Worldwide Alumina and Aluminum Production and Processing Industry to 2030 - Benchmark Performance Against Key Competitors - ResearchAndMarkets.com

DUBLIN--()--The "Alumina And Aluminum Production And Processing Global Market Report 2020-30: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.

This report provides the strategists, marketers and senior management with the critical information they need to assess the global alumina and aluminum production and processing market as it emerges from the Covid 19 shut down.

The global alumina and aluminum production and processing market is expected to decline from $810.9 billion in 2019 to $718.2 billion in 2020 at a compound annual growth rate (CAGR) of -11.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 10% from 2021 and reach $932.4 billion in 2023.

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Asia Pacific was the largest region in the global alumina and aluminum production and processing market, accounting for 70% of the market in 2019. Western Europe was the second largest region accounting for 10% of the global alumina and aluminum production and processing market. South America was the smallest region in the global alumina and aluminum production and processing market.

Aluminum manufacturers are producing customized aluminum alloys for automobile manufacturers to produce light weigh vehicles. The use of aluminum alloys in vehicles reduces carbon emissions Increases fuel economy and improves overall stability as aluminum alloys considerably reduces vehicle body weight. This is primarily driven by stringent emission regulations and growing pressure to improve economy by many national and state governments. For instance, the US government's federal emission standards, makes it mandatory for automobile manufacturers to increase corporate average fuel economy (CAFE) from 35.5 miles per gallon (mpg) in 2016 to 54.5 mpg by 2025.

This increase in CAFE is being achieved by increasing the aluminum content in the vehicle's body to reduce its weight by around 30%. In line with this trend, global automobile manufacturers are increasing the aluminum content in their vehicles. For instance, in 2015, automobile manufacturer Ford launched its all-aluminum body F-150 mini truck which was 700 pounds lighter than the vehicle's earlier version. Similarly, automobile manufacturer Cadillac uses a mix of steel and aluminum for its CT6 luxury cars launched in 2015.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Alumina And Aluminum Production And Processing Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Alumina And Aluminum Production And Processing Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Alumina And Aluminum Production And Processing Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Alumina And Aluminum Production And Processing Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Alumina And Aluminum Production And Processing Market Trends And Strategies

8. Alumina And Aluminum Production And Processing Market Size And Growth

8.1. Market Size

8.2. Historic Market Growth, Value ($ Billion)

8.3. Forecast Market Growth, Value ($ Billion)

9. Alumina And Aluminum Production And Processing Market Regional Analysis

9.1. Global Alumina And Aluminum Production And Processing Market, 2019, By Region, Value ($ Billion)

9.2. Global Alumina And Aluminum Production And Processing Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Region

9.3. Global Alumina And Aluminum Production And Processing Market, Growth And Market Share Comparison, By Region

10. Alumina And Aluminum Production And Processing Market Segmentation

10.1. Global Alumina And Aluminum Production And Processing Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

10.2. Global Alumina And Aluminum Production And Processing Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

11. Alumina And Aluminum Production And Processing Market Segments

11.1. Global Aluminum Product From Purchased Aluminum Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Sheet; Plate; Foil; Welded Tube

11.2. Global Secondary Smelting And Alloying Of Aluminum Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Aluminum Smelting; Aluminum Alloying

11.3. Global Alumina Refining And Primary Aluminum Production Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Alumina Refining; Aluminum Production

12. Alumina And Aluminum Production And Processing Market Metrics

12.1. Alumina And Aluminum Production And Processing Market Size, Percentage Of GDP, 2015-2023, Global

12.2. Per Capita Average Alumina And Aluminum Production And Processing Market Expenditure, 2015-2023, Global

Companies Mentioned

  • Rio Tinto
  • Weiqiao/ Hongqiao Group
  • United Co RUSAL PLC
  • Alcoa
  • Norsk Hydro

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900