China Aluminium Market (by Production & Consumption): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)
- Published: 2nd Feb 2022
- Pages: 93
- Format : Pdf
The Chinese aluminium market is forecasted to reach US$86.86 billion in 2026, experiencing growth at a CAGR of 4.84% during the period spanning from 2022 to 2026. Factors such as increasing construction activity, rising incorporation in automotive & transportation industry, expanding urbanization, accelerating demand for aluminium from packaged food manufacturers and surging adoption in electric vehicles would drive the growth of the market. However, the market growth would be challenged by implementation of stricter environmental regulations by the government and related associations, slowdown in new capacity additions and health effects of aluminium. A few notable trends include expansion of electronics manufacturing market, growing application of aluminium in power grid & power generation industries and escalating popularity of recycled aluminium.
Aluminium is the world’s most abundant metal and is the third most common element comprising 8% of the earth’s crust. The versatility of aluminium makes it the most widely used metal after steel. China dominates production as well as consumption of aluminium accounting for nearly half of the global production and consumption. The market is segmented on the basis of production and consumption. Further, the Chinese aluminium consumption is bifurcated into construction, transportation, packaging, electrical, machinery & equipment, consumer durables and other end users, in terms of end users. The construction sector would remain the major driver of the aluminum market trends owing to surging expenditure on infrastructure and residential development projects in the region as well as increasing shift towards green construction technology, where aluminum fabrications, aluminum castings, aluminum extrusions, and aluminum profiles are key components of construction materials.
Scope of the report:
• The report provides a comprehensive analysis of the China aluminium market with potential impact of COVID-19.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (Aluminum Corporation of China Limited, China Hongqiao Group Limited, Yunnan Aluminium Co., Ltd., Shandong Nanshan Aluminum Co., Ltd., China Zhongwang Holdings Limited and State Power Investment Corporation Limited) are also presented in detail.
Key Target Audience:
• Aluminium Manufacturers
• Raw Material/Component Suppliers
• End Users (Construction Industry, Transportation Industry, Packaging Industry and Others)
• Organizations, Forums, and Alliances related to Aluminium
• Government Bodies & Regulating Authorities
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