Aluminum Systems Market Size, By Alloy Type (Wrought Aluminum Alloy, Cast Aluminum Alloy), By Alloying Element (Silicon, Magnesium, Manganese, Copper, Zinc, Others), By Application (Transportation & Logistics, Packaging, Construction, Electrical & Electronics), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-26
- Published Date: March 2020
- Report ID: BWC19409
- Available Format: PDF
- Page: 185
Global 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 globe.
Global 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 income
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 ability
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 Tariffs
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.
Global 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.
Global 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.
Global 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.
Global 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.
Aluminum 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.
In July 2019, PARTER Capital Group AG Acquires Avilés and La Coruña, Spain Aluminum Plants from Alcoa.
In 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.
In April 2019, Russia's Rusal was sanctioned by the US. Now it's investing $200 million in a Kentucky mill.
The 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.
Scope 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 Prominent Players
By Alloy Type
· Wrought Aluminum Alloy
· Cast Aluminum Alloy
By Alloying Element
· Transportation & Logistics
· Electrical & Electronics
· North America
· Asia Pacific
· Latin America
· Middle East & Africa
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