As well as a five-year view, we also provide a 25-year forecast for aluminium supply, demand and prices. Meanwhile, Fitch expects China’s aluminium consumption to rebound to 1.5% year-on-year growth in 2021, amid an uptick in real estate and infrastructure investment, but may see a slow down as the country’s economic growth loses steam in later years. UpMarketResearch has congregated a massive amount of the data after monitoring the market for considerable amount of period and prepared the report for the forecast period 2020-2027. Analysts said offloading of positions by participants owing to slackened demand … Global Aluminum Paste Market Size, Share 2020 Growth Factors, Trends, Increasing Demand Status With Top Key Players and Forecast To 2026 Post author By alex Post date November 4, 2020 By: X herald. 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. We identify the most relevant market trends to expect, while also providing detailed forecasts for price, demand, supply, production costs and market balance, per country, for up to 5 years. Accordingly, we forecast that global aluminium demand will rise by around 2% in 2020, following a decline of 0.5% in 2019. 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. 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. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024. It helps businesses obtain granular level clarity on current business trends and expected future developments. Aluminium and other base metals prices are expected to be capped next year as weak economic growth weighs on the market, the latest Reuters poll showed (Oct. 28). ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here Aluminium Alloy Market 2020 Global Industry Size, Demand, Growth Analysis, Share, Revenue and Forecast 2026 Posted on Feb 28 2020 9:44 AM "Aluminium Alloy Market share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks. Subscriptions are available via the Creamer Media Store. Accordingly, we forecast that global aluminium demand will rise by around 2% in 2020, following a decline of 0.5% in 2019. 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. Edited by: Chanel de BruynCreamer Media Senior Deputy Editor Online EMAIL THIS ARTICLE SAVE THIS ARTICLE An executive analysis of the aluminum industry's landscape and insight into who and what is driving the market. The rising demand for automotive aluminum based on the high tensile strength, recyclability, corrosion resistance, better thermal and electrical conductivity, further drives the market growth. https://www.imarcgroup.com/aircraft-tire-market, https://www.imarcgroup.com/computer-aided-engineering-market. Meanwhile, a ramp-up of smelter capacity in China should lay the foundations for a recovery in global production. • We forecast total IP growth of 2.5% this year, down from 2.9% posted in 2017. However, this will not result in an outright decline in absolute output over the coming years and China will remain the driving force behind global aluminium production. 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. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. The primary consumers of aluminium in Asia are Japan and Korea, with the former having annual demand of up to 1.8 million … 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. Fitch forecasts Russian aluminium production to grow at an average 2% year-on-year in 2021, down from 2.3% in this year. Aluminum Barrier Laminate Tubes Market 2020 Industry Demand, Share, Trend And Research Methodology By Forecast To 202 December 28, 2020 arpit The global aluminum barrier laminate (ABL) tubes market is highly competitive, thanks to the presence of a number of players, states a new report by Transparency Market Research (TMR). The speed of aluminium adoption in automobiles and demand will vary among countries due to economic development and global differences in CO 2 regulations. Fitch further explains that global aluminium production will continue to rise over the coming years as higher prices incentivise producers to ramp up output. Note: When you select a default region you will be directed to the MiningWeekly.com home page of your choice whenever you visit miningweekly.com. The firm previously delayed activities owing to Covid-19 impacts. 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. 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. Aluminum increased 47.25 USD/Tonne or 2.39% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Select your default regional edition of MiningWeekly.com. Aluminium Market Size 2020 Industry Demand, Share, Global Trend, Industry News, Business Growth, Top Key Players Update, Business Statistics and Research Methodology by Forecast … Aluminum is extensively used in the automotive industry in different forms of castings, extrusions, and sheets to produce vehicular components. We forecast global aluminium consumption to increase from 64.2-million tonnes in 2021 to 78.4-million tonnes by 2029, averaging 2.6% annual growth. The exponentially growing automotive industry extensively utilizes aluminum in passenger cars, commercial trucks, buses, etc. Protectionist policies in the US increasingly threaten to disrupt global aluminium trade flows as the US is the largest global importer of aluminium. Aluminum price is expected to decrease to $1,760 per metric tonne in 2020 from an average of $1,790/mt in 2019 and rebound to $1,800/mt in 2021 as projected by the World Bank. Meanwhile, aluminium imports slumped by 2% year-on-year to 1.5 million tonnes in 2018-19. 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. Aluminium Sulphate Market Product Demand, Scope and Growth Analysis, Forecast 2020 to 2025. 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. In the near term, the agency forecasts output to grow by 2% year-on-year in 2021, compared with 2.7% in 2020, as aluminium prices slowly recover from the slump during Covid-19, which caused producers to reduce output. 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. High of 3271.25 in July of 2008 increase to 1.5 million tonnes in 2021 to 8.7-million tonnes 2023! This is the new statistical data source added by A2Z market research company that offers management strategy market. 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