Aluminum Systems Market Forecast and Trends
The global Aluminum Systems
market has reached USD 143.4 Billion in 2019 and estimated to reach USD 218.6
Billion in 2026 and anticipated to grow by CAGR of 6.2% during the forecast
period from 2020-2026 due to the rising technological advancements in the
market across the globe. The significant factor that is estimated to drive the
growth of the global aluminum systems market is the changing trend in the food
& beverage industry towards the packaged food, especially in the developing
markets such as China, India, and Brazil.
The demand for aluminum in
the packaging industry is estimated to advance due to the rapid proliferation
of beverage products and processed food in developing economies. Also, the
demand for aluminum is anticipated to increase significantly due to the high
demand from the construction, automotive, and packaging sectors across the
Aluminum Systems Market Overview:
Aluminum Systems are used
across a variety of applications across different industries, including
building, automotive, and construction. Also, aluminum systems are used in
construction materials, electronics and consumers of raw materials. Aluminum
systems materials are used for a general variance of the manufacturing and
design process and in industrial places. Aluminum systems used as an alloy to a
substitute for steel owing to its excellent welding applications, and the
increasing number of applications of aluminum alloys. There are two types of
aluminum systems, i.e., cast and wrought. The quality of aluminum systems is
based on the materials employed in the alloy systems. The variety of elements
used in alloys is named magnesium, silicon, copper, zinc with a mixture of
aluminum and manganese.
The growing disposable
The aluminum systems
industry is influenced by the rising population, changing consumer lifestyle
& preferences, consumer awareness, urbanization, and development in the
economy which drives the growth for sustainable products. This has resulted in
an increase in the disposable income of consumers and the ability to purchase a
range of new products from personal technology, automobiles, and packaged
foods. Such factors will propel the demand for the aluminum systems market
across the regions.
Rising trend of recycling
Key recycling ability of
aluminum casting driving demand and growth trend of aluminum system in the
global market with a significant growth rate. Due to recycled aluminum, the
demand for the global aluminum market is growing. Stringent government
regulations associated with the recycling of materials to reduce waste,
especially in developed economies is helping in the growth of the aluminum
systems market during the forecast period of 2026.
The Increasing Import
The rising of import tariffs
on aluminum across the globe is estimated to hinder the demand for aluminum
systems market. Raised import tariffs on aluminum are estimated to effect the
associated industry such as die casting or aluminum casting. The increased cost
of aluminum is estimated to translate into a pricing surge of aluminum systems
market. Moreover, increased trade duties are also anticipated to impact the
cost of aluminum systems market.
Aluminum Systems Market: Alloy Type
Based on Alloy type,
Aluminum Systems market segmented into Wrought Aluminum Alloy, Cast Aluminum
Alloy. Wrought Aluminum Alloy market is estimated to dominate the market during
the forecast period of 2026. Wrought aluminum alloy is found, when the metal is
disclosed to mechanical operational by processes which includes developing, extrusion,
and building. Wrought aluminum alloy has better tensile strength when compared
to cast aluminum alloys. They have excellent mechanical properties and
structural integrity i.e., no defects from casting.
Aluminum Systems Market: Alloying Element
Based on Alloying element,
the Aluminum Systems market segmented into Silicon, Magnesium, Manganese,
Copper, Zinc, Others. Silicon segment is dominating the alloying element
segment in the Aluminum Systems market during the forecast period of 2026 due
to the increase in use for end-user industries. The silicon segment is an
alloying element that is existing in crystal and soil and which is the maximum
known as a semiconductor material in electronic components. Silicon is used in
a wide variety of electronic components such as Power supplies, Light-emitting
diodes, switching systems in the market.
Aluminum Systems Market: Application
Based on Application, the
Aluminum Systems market segmented into Transportation & Logistics,
Packaging, Construction, Electrical & Electronics. Transportation &
Logistics segment is dominating the application segment in the Aluminum Systems
market due to the shifting dynamics driving this growth makes it crucial for
businesses in this space to keep alongside the changing pulse of the aluminum
systems market. The transportation sector will bring in strong gains adding
major momentum to the global growth of the aluminum systems market. The
construction segment is also estimated to observe steady growth due to the
rigorous infrastructure development across the globe. Asia-Pacific has seen a
surge of Chinese construction equipment manufacturers such as XCMG and Sany in
this segment over the past decade, which is propelling the steady demand for
aluminum systems market.
Aluminum Systems Market: Regional insights
Based on the region, the
Aluminum Systems market is segmented into North America, Europe, the Asia
Pacific, Latin America, and Middle East & Africa. Asia-Pacific is
dominating the market as it is expected to have the fastest as well as the
largest regional market during the forecast period due to the demand for
aluminum in the packaging industry. The development of economies plays a vital
role in growing the demand for aluminum systems across the globe. The rising GDP
in emerging markets is expected to propel the demand for aluminum systems.
Systems Market: Competitive Landscape
The major market players in
the Aluminum Systems market are RUSAL, Alcoa Corporation, Aluminum Corporation
of China Limited, Rio Tinto Group, Bhp Billiton, Norsk Hydro ASA, Alcast
Technologies, Endurance Technologies Limited, Century Aluminum Company,
Aluminium Bahrain (Alba), Aditya Birla Management Corporation Pvt. Ltd.,
Emirates Global Aluminium, PJSC, China Hongqiao Group Limited, United Company
Rusal (Russia), Hindalco Indsutries, AAG Extrusion, CHALCO, Xinfa Group Co.,
Ltd., and Other Prominent Players are expanding their presence in the market by
implementing various innovations and technology.
July 2019, PARTER Capital Group AG Acquires Avilés and La Coruña,
Spain Aluminum Plants from Alcoa.
June 2019, Alcoa Corporation, a global leader in bauxite, alumina,
and aluminum products, today announced that it has amended its joint venture
with the Saudi Arabian Mining Company (Ma’aden) in which Alcoa holds a
minority, 25.1 percent stake.
April 2019, Russia's Rusal was sanctioned by the US. Now it's
investing $200 million in a Kentucky mill.
objective of the Study:
To analyze and forecast the
Global Aluminum Systems market size of the market, in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms value, based on the
region by segmenting the Global Aluminum Systems market into five regions,
namely, North America, Europe, Asia Pacific, Middle East, South America and
their leading countries.
To outline, categorized and
forecast the Global Aluminum Systems market based on the alloy type, alloying
element, application, and region.
To examine competitive
developments like technological advancement, services, and regulative framework
within the Global Aluminum Systems Market.
To highlight the impact
analysis of the factors, affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
of the Report
Historical data – 2016-2019
Base Year – 2019
Forecast – 2020 – 2026
Revenue in USD Million/Billion
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico,
Argentina, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
By Alloy Type, By Alloying Element, By
Application and By Region
RUSAL, Alcoa Corporation, Aluminum Corporation of China Limited,
Rio Tinto Group, Bhp Billiton, Norsk Hydro ASA, Alcast Technologies,
Endurance Technologies Limited, Century Aluminum Company, Aluminium Bahrain
(Alba), Aditya Birla Management Corporation Pvt. Ltd., Emirates Global
Aluminium, PJSC, China Hongqiao Group Limited, United Company Rusal (Russia),
Hindalco Indsutries, AAG Extrusion, CHALCO, Xinfa Group Co., Ltd., and Other
By Alloy Type
Wrought Aluminum Alloy
Cast Aluminum Alloy
By Alloying Element
Transportation & Logistics
Electrical & Electronics
Middle East & Africa