Aluminum Market | Industry Research, Segmentation, Key Players Analysis and Forecast to 2032

 The global aluminum market is expected to auger impeccable growth with a surging CAGR of 6.2% from 2022 to 2032. The aluminum market is anticipated to be valued at US$ 155,352.44 Million in 2022 and is anticipated to reach US$ 283,506.6 Million by 2032.

Growth is attributed to the increasing use of lactic acid in end-user industries. From 2016-2021 a CAGR of 4.3% was registered for the lactic acid market. Aluminum is considered one of the most abundant metals found in the Earth’s crust. On the basis of weight, it accounts for approximately 8% of the earth’s crust.

Owing to the wide availability and numerous properties of aluminum make it a widely used metal all over the world. The diverse application of aluminum in various industries such as food & beverage, packaging, household products, transportation, and electronics is fueling market growth during the forecast period.

Aluminum is said to be the perfect substitute for materials such as iron and steel majorly due to its lower self-weight and high strength properties. Due to its application in several end-use industries, the prices of aluminum fluctuate occasionally.

For Details on Vendors and their Offerings – Request a Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-301

Competitive Landscape

Aluminum Corp. of China Ltd., BHP Billiton Ltd., Vedanta Resources plc, Norsk Hydro ASA, United Co., RUSAL, Dubai Aluminum Co. Ltd., Hindalco Industries, Xinfa Group Co. Ltd., Emirates Global Aluminum PJSC, Rio Tinto Alcan Inc. is some of the key companies profiled in the full version of the report.

Key players in the aluminum market are inclined towards research & development for efficient and scalable casting methods that will offer leading manufacturers a competitive edge.

Key Segments Profiled in the Aluminum Industry Report

Aluminum Market by Series:

  • Series 1 Aluminum
  • Series 2 Aluminum
  • Series 3 Aluminum
  • Series 4 Aluminum
  • Series 5 Aluminum
  • Series 6 Aluminum
  • Series 7 Aluminum
  • Series 8 Aluminum

Aluminum Market by Processing:

  • Aluminum Castings
  • Flat Rolled Aluminum
  • Aluminum Rods & Bars
  • Aluminum Extrusions
  • Aluminum Pigments & Powder
  • Aluminum Forgings

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