Aluminum is extensively used in the automotive industry in different forms of castings, extrusions, and sheets to produce vehicular components. Aluminium Sulphate Market Product Demand, Scope and Growth Analysis, Forecast 2020 to 2025. Receive daily sector news alerts. FOCUS: Aluminium participants expect demand to fall further in 2020. The automotive and aerospace sectors will increasingly support aluminium demand in key markets, as a lightweight – and therefore environmentally preferable – alternative to steel. Historically, Aluminum reached an all time high of 3271.25 in July of 2008. December 16, 2020 at 02:00 AM EST. The speed of aluminium adoption in automobiles and demand will vary among countries due to economic development and global differences in CO 2 regulations. The global Aluminum oxide market is expected to reach a valuation of USD 70,511.7 million by 2030, according to the report […] 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. The study includes drivers and restraints of the global aluminum market. 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. 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. *Please note that "Bauxite and Aluminum: 2020 World Market Review and Forecast" is a half ready publication and contents are subject to changes and additions. This pandemic (COVID-19) has affected each & every … Note: When you clear your default region you will be directed to the MiningWeekly.com home page regional edition associated with the geographic location of our IP address. 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. The outlook also offered an update on renewables. Your email address will not be published. By: Marleny Arnoldi 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. 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. Aluminum Welding Wires Market: Increase in Demand … IMARC Group is a leading market research company that offers management strategy and market research worldwide. Aluminium integration will rise in more regulated automotive markets such as the US, the EU and Japan, although developing markets will also present growth opportunities. demand of cheaper fuel fade, autos production in 2018 is set to stay flat at 2017’s level of about 14.3 M units. The global Aluminium Panels for Shutter market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 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. Meanwhile, aluminium imports slumped by 2% year-on-year to 1.5 million tonnes in 2018-19. Another forecast from the International Monetary Fund (IMF) suggests that aluminum price will rise in … 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. Our analysts will share their insights on what’s trending in the non-ferrous metals Chinese domestic markets, as well as providing their analysis on the fundamentals that affects demand and supply. China’s aluminium production growth will slow down over the coming years as the government’s push for consolidation and stricter environmental regulations takes higher-cost and less efficient capacity offline. The London Metal Exchange index of six base metals inched up only 1% so far this year, held back by worries about a possible global recession and the trade war. 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. At the same time, demand in emerging markets including Russia, Latin America and India showed lower consumption in the fourth quarter of 2014 and as a result missed expectations for the entire 2014 forecast. The market has been forecast based on revenue (US$ Mn) and volume (Kilo Tons) from 2017 to 2025. The rising demand for aluminium powder in the building and manufacturing industry is driving the market forward. E-bikes, or electric bicycles, are bicycles that are equipped with an electric motor and rechargeable batteries, […], According to the latest report by IMARC Group, titled “Tractor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global tractor market grew at a CAGR of around 6% during 2014-2019. Moreover, the increasing utilization of secondary or recycled aluminum and aluminum alloys for minimizing carbon emissions is also driving the market. 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. 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. 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