Market by Product, Industry Vertical, and Country Outlook | Forecast 2023-2030
As per Triton Market Research’s analysis, the aluminum market in the Asia-Pacific is estimated to advance with a CAGR of 5.36% over the forecast period from 2023 to 2030.
Report scope can be customized per your requirements - Request Free Sample Report
The
countries scrutinized in this region include:
•
Australia & New Zealand
•
Japan
•
ASEAN Countries
•
South Korea
•
Taiwan
•
India
•
China
•
Rest of Asia-Pacific
India
is anticipated to exhibit the fastest growth in this regional market in the estimated
period. The rising preference for electric vehicles (battery-operated
and hybrid) is expected to drive the growth of this regional market during the
forecast period. However, the surging demand for aluminum from various end-use
sectors has resulted in an increase in its prices. This, in turn, is expected
to restrict the market growth.
In India, the
implementation of favorable government initiatives is expected to strengthen
the aluminum market in the country. For instance, the national government
identified 25 sectors, such as automotive, defense, power, manufacturing, and
others, where non-ferrous metals find extensive applications, as part of the
‘Make in India’ initiative. This is expected to bolster the aluminum market.
The electric vehicle
industry in South Korea is expected to witness growth, owing to their growing
demand. The nation’s government is also taking initiatives to enhance its aerospace
production capacities. These factors are expected to favor the adoption of
aluminum. Moreover, the rapidly developing food and consumer goods sector is
expected to bolster the demand for packaging products, which will influence the
growth of the aluminum market in the country.
Japan boasts of a
number of high-rise buildings and skyscrapers. The surging investments in
public and private infrastructure and commercial projects are expected to significantly
boost the construction sector over the forecast period. This, in turn, will propel
the studied market growth in the country. Further, integration with IoT and other
such advanced technologies is estimated to drive the automotive industry, thus
influencing the demand for aluminum.
Alumina or aluminum
oxide is obtained by chemically processing bauxite ore using the Bayer process.
It possesses various properties such as excellent dielectric properties, high
thermal conductivity, high strength, stiffness, wear resistance, and other such
characteristics. Alumina is further smelted to produce pure aluminum metal
using the Hall-Heroult electrolytic process.
Triton’s
report assesses the market according to product and industry vertical. Here,
the product segment comprises alumina, bauxite, primary aluminum, and other
products.
The
acclaimed players in the aluminum market include Century Aluminum Company,
Alcoa Corporation, Aluminum Corporation of China Limited (Chalco), Novelis Inc,
and Rio Tinto.
China
Hongqiao Group Limited is engaged in manufacturing and
selling aluminum products. It is devoted to sustainable development and
innovation. The company’s products include aluminum alloy ingots, molten
aluminum alloys, busbars, and other alumina products. Founded in 1994, China
Hongqiao Group Limited has a strong workforce of over 45,000 employees. The China-based
company is headquartered in Shandong Province, and has production bases in
Bincheng, Zouping, Zhanhua, Huimin, and Yangxin.
Key deliverables of the report:
·
Market
CAGR during the forecasting years 2023-2030
·
Detailed
data highlighting key insights, industry components, and market strategies
·
Comprehensive
information and estimation of the aluminum market revenue growth in
Asia-Pacific and its influence on the parent market
·
In-depth
study of forthcoming trends in consumer behavioral patterns
·
A
meticulous analysis of the competitive landscape, vendor scorecard, and
Porter’s Five Forces
·
A
wide-ranging study of factors that will challenge the Asia-Pacific aluminum
market’s growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
Market Segmented By Type, Appl ..
VIEW REPORT
Market By Raw Material, End-us ..
VIEW REPORT
Market by Type, Raw Material, ..
VIEW REPORT
Market by Technology, Type, En ..
VIEW REPORT
Market by Function, Product Ty ..
VIEW REPORT
Market by Product Type, Applic ..
VIEW REPORT
Market by Type, Material, Indu ..
VIEW REPORT
Market by Product Type, Coat T ..
VIEW REPORT1. ASIA-PACIFIC
ALUMINUM MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. COVID-19
IMPACT ON THE ALUMINUM MARKET
2.2. MARKET
MATURITY ANALYSIS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. INDUSTRY
COMPONENTS
2.4.1. RAW
MATERIAL PROCUREMENT
2.4.2. ALUMINUM
PRODUCTION
2.4.3. END-USERS
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. STRENGTH
OF PRODUCT
2.5.2. PRODUCT
RECYCLABILITY
2.5.3. CORROSION
RESISTANCE
2.6. KEY
MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT
LAUNCHES
2.6.3. MERGERS
& ACQUISITIONS
2.6.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. RISING
DEMAND FROM VARIOUS END-USE INDUSTRIES
2.7.2. SUBSTITUTION
OF STAINLESS STEEL WITH ALUMINUM BY AUTOMOTIVE MANUFACTURERS
2.7.3. RISING
ADOPTION OF ELECTRIC VEHICLES
2.8. MARKET
CHALLENGES
2.8.1. STRICT
ENVIRONMENTAL REGULATIONS BY AUTHORITIES
2.8.2. RISING
COST OF ALUMINUM
2.9. MARKET
OPPORTUNITIES
2.9.1. MULTIPLE
APPLICATIONS OF ALUMINUM IN THE SUSTAINABLE ENERGY INDUSTRY
2.9.2. TECHNOLOGICAL
ADVANCEMENTS
2.9.3. RECYCLABILITY
OF ALUMINUM GAINING MARKET TRACTION
2.9.4. GROWING
PENETRATION IN THE CONSUMER ELECTRONICS INDUSTRY
2.9.5. RISING
USE OF ALUMINUM IN THE TRANSPORTATION INDUSTRY
2.9.6. GROWING
POPULARITY OF ALUMINUM FOAM
2.10. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
ALUMINUM MARKET – BY PRODUCT
3.1. ALUMINA
3.2. BAUXITE
3.3. PRIMARY
ALUMINUM
3.4. OTHER
PRODUCTS
4. ASIA-PACIFIC
ALUMINUM MARKET – BY INDUSTRY VERTICAL
4.1. AUTOMOTIVE
& TRANSPORTATION
4.2. BUILDING
& CONSTRUCTION
4.3. ELECTRONICS
4.4. FOIL
& PACKAGING
4.5. OTHER
INDUSTRY VERTICALS
5. ASIA-PACIFIC
ALUMINUM MARKET – COUNTRY OUTLOOK
5.1. COUNTRY
ANALYSIS
5.1.1. CHINA
5.1.1.1. CHINA
ALUMINUM MARKET FORECAST & PROSPECTS
5.1.2. JAPAN
5.1.2.1. JAPAN
ALUMINUM MARKET FORECAST & PROSPECTS
5.1.3. INDIA
5.1.3.1. INDIA
ALUMINUM MARKET FORECAST & PROSPECTS
5.1.4. SOUTH
KOREA
5.1.4.1. SOUTH
KOREA ALUMINUM MARKET FORECAST & PROSPECTS
5.1.5. TAIWAN
5.1.5.1. TAIWAN
ALUMINUM MARKET FORECAST & PROSPECTS
5.1.6. ASEAN
COUNTRIES
5.1.6.1. ASEAN
COUNTRIES ALUMINUM MARKET FORECAST & PROSPECTS
5.1.7. AUSTRALIA
& NEW ZEALAND
5.1.7.1. AUSTRALIA
& NEW ZEALAND ALUMINUM MARKET FORECAST & PROSPECTS
5.1.8. REST
OF ASIA-PACIFIC
5.1.8.1. REST
OF ASIA-PACIFIC ALUMINUM MARKET FORECAST & PROSPECTS
6. COMPETITIVE
LANDSCAPE
6.1. RIO
TINTO
6.1.1. OVERVIEW
6.1.2. PORTFOLIO
6.1.3. KEY
STRENGTHS
6.1.4. KEY
CHALLENGES
6.2. ALUMINUM
CORPORATION OF CHINA LIMITED (CHALCO)
6.2.1. OVERVIEW
6.2.2. PORTFOLIO
6.2.3. KEY
STRENGTHS
6.2.4. KEY
CHALLENGES
6.3. RUSAL
6.3.1. OVERVIEW
6.3.2. PORTFOLIO
6.3.3. KEY
STRENGTHS
6.3.4. KEY
CHALLENGES
6.4. ALCOA
CORPORATION
6.4.1. OVERVIEW
6.4.2. PORTFOLIO
6.4.3. KEY
STRENGTHS
6.4.4. KEY
CHALLENGES
6.5. NORSK
HYDRO ASA
6.5.1. OVERVIEW
6.5.2. PORTFOLIO
6.5.3. KEY
STRENGTHS
6.5.4. KEY
CHALLENGES
6.6. EMIRATES
ASIA-PACIFIC ALUMINUM PJSC
6.6.1. OVERVIEW
6.6.2. PORTFOLIO
6.6.3. KEY
STRENGTHS
6.6.4. KEY
CHALLENGES
6.7. NOVELIS
INC
6.7.1. OVERVIEW
6.7.2. PORTFOLIO
6.7.3. KEY
STRENGTHS
6.7.4. KEY
CHALLENGES
6.8. ALUMINUM
BAHRAIN BSC (ALBA)
6.8.1. OVERVIEW
6.8.2. PORTFOLIO
6.8.3. KEY
STRENGTHS
6.8.4. KEY
CHALLENGES
6.9. CHINA
HONGQIAO GROUP LIMITED
6.9.1. OVERVIEW
6.9.2. PORTFOLIO
6.9.3. KEY
STRENGTHS
6.9.4. KEY
CHALLENGES
6.10. CENTURY
ALUMINUM COMPANY
6.10.1. OVERVIEW
6.10.2. PORTFOLIO
6.10.3. KEY
STRENGTHS
6.10.4. KEY
CHALLENGES
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
ALUMINUM MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: LIST OF
COLLABORATIONS
TABLE 3: LIST OF
PRODUCT LAUNCHES
TABLE 4: LIST OF
MERGERS & ACQUISITIONS
TABLE 5: LIST OF
BUSINESS DIVESTITURES & EXPANSIONS
TABLE 6: ASIA-PACIFIC
ALUMINUM MARKET, BY PRODUCT, 2023-2030 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC
ALUMINUM MARKET, BY INDUSTRY VERTICAL, 2023-2030 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC
ALUMINUM MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
FIGURE 1: INDUSTRY
COMPONENTS
FIGURE 2: KEY BUYING
IMPACT ANALYSIS
FIGURE 3: ASIA-PACIFIC
ALUMINUM MARKET, BY PRODUCT, 2022 & 2030 (IN %)
FIGURE 4: ASIA-PACIFIC
ALUMINUM MARKET, BY ALUMINA, 2023-2030 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC
ALUMINUM MARKET, BY BAUXITE, 2023-2030 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC
ALUMINUM MARKET, BY PRIMARY ALUMINUM, 2023-2030 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC
ALUMINUM MARKET, BY OTHER PRODUCTS, 2023-2030 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC
ALUMINUM MARKET, BY INDUSTRY VERTICAL, 2022 & 2030 (IN %)
FIGURE 9: ASIA-PACIFIC
ALUMINUM MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2023-2030 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
ALUMINUM MARKET, BY BUILDING & CONSTRUCTION, 2023-2030 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC
ALUMINUM MARKET, BY ELECTRONICS, 2023-2030 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC
ALUMINUM MARKET, BY FOIL & PACKAGING, 2023-2030 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
ALUMINUM MARKET, BY OTHER INDUSTRY VERTICALS, 2023-2030 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC
ALUMINUM MARKET, COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 15: CHINA
ALUMINUM MARKET 2023-2030 (IN $ MILLION)
FIGURE 16: JAPAN
ALUMINUM MARKET 2023-2030 (IN $ MILLION)
FIGURE 17: INDIA
ALUMINUM MARKET 2023-2030 (IN $ MILLION)
FIGURE 18: SOUTH KOREA
ALUMINUM MARKET 2023-2030 (IN $ MILLION)
FIGURE 19: TAIWAN
ALUMINUM MARKET 2023-2030 (IN $ MILLION)
FIGURE 20: ASEAN
COUNTRIES ALUMINUM MARKET 2023-2030 (IN $ MILLION)
FIGURE 21: AUSTRALIA
& NEW ZEALAND ALUMINUM MARKET 2023-2030 (IN $ MILLION)
FIGURE 22: REST OF
ASIA-PACIFIC ALUMINUM MARKET 2023-2030 (IN $ MILLION)