Market by Product, Industry Vertical, and Country Outlook | Forecast 2023-2030
According to Triton Market Research’s analysis, the aluminum market in Latin America will develop with a CAGR of 3.84% during the forecast period 2023-2030.
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The
countries included in this region are:
•
Brazil
•
Mexico
•
Rest of Latin America
Mexico
leads the market in this region, and accounted for the highest share in 2022.
Mexico is a major market for passenger vehicles, light vehicles, buses, trucks,
and auto parts & supplies. The rapidly developing automotive industry in
the region is anticipated to drive the aluminum market’s growth in the region over
the forecasted period.
Brazil is one of the
largest bauxite producers in the world. As per the country’s government, the
exports of bauxite and aluminum by the country amounted to $2.9 billion in
2021. Brazil is also one of the leading countries for aluminum recycling, which
recycles nearly 97% of the aluminum consumed.
Moreover, being one of
the world’s key emerging economies, the nation has a leading automotive market.
It is one of the top manufacturers of passenger vehicles. With the surging demand
for vehicles in the country, its automotive industry is expected to witness growth.
This, in turn, will boost Brazil’s aluminum market’s growth over the forecast
period.
Argentina, Columbia,
and Chile are some of the nations studied in the Rest of Latin America region.
Argentina is among the leading motor vehicle manufacturers in this region. According
to CEIC data, in December 2021, 434,753 motor vehicle units were produced in
the country, as compared to 257,187 units in the preceding year, reporting a
massive increase. The growth of the automotive industry is expected to favor
the adoption of aluminum, thus driving the market growth over the forecast
period.
As aluminum does not
lose its properties in a broad temperature range, it can be used in any
climatic conditions. The metal becomes stronger at lower temperatures. Heat-insulated
aluminum siding having a reflective foil covering safeguards facilities from
cold temperatures. It is therefore used in construction activities in cold regions.
Similarly, the weight of an aluminum plate is equivalent to half the weight of
steel with the same stiffness, which makes it favorable for use in high-rise
buildings and skyscrapers.
Tritons’
report assesses the market according to industry vertical and product. Here,
the industry vertical segment includes building & construction, electronics,
automotive & transportation, foil & packaging, and other industry
verticals.
The
eminent players in the aluminum market are China Hongqiao Group Co Ltd, Novelis
Inc, RUSAL, Norsk Hydro ASA, and Rio Tinto.
Rio Tinto is a renowned
mining and metals company engaged in the mining and exploration &
processing of various mineral resources. The company carries out these
processes across different mines, refineries, and smelters. Its product groups
can be classified into aluminum, iron ore, lithium, copper, salt, diamonds, borates,
titanium dioxide, and others. The company has a business presence in Latin
America, with a bauxite mine in Brazil.
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 Latin
America 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 LA 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 ..
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VIEW REPORT1. LATIN
AMERICA 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. LATIN
AMERICA ALUMINUM MARKET – BY PRODUCT
3.1. ALUMINA
3.2. BAUXITE
3.3. PRIMARY
ALUMINUM
3.4. OTHER
PRODUCTS
4. LATIN
AMERICA 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. LATIN
AMERICA ALUMINUM MARKET – COUNTRY OUTLOOK
5.1. COUNTRY
ANALYSIS
5.1.1. BRAZIL
5.1.1.1. BRAZIL
ALUMINUM MARKET FORECAST & PROSPECTS
5.1.2. MEXICO
5.1.2.1. MEXICO
ALUMINUM MARKET FORECAST & PROSPECTS
5.1.3. REST
OF LATIN AMERICA
5.1.3.1. REST
OF LATIN AMERICA 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
LATIN AMERICA 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: LATIN AMERICA
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: LATIN AMERICA
ALUMINUM MARKET, BY PRODUCT, 2023-2030 (IN $ MILLION)
TABLE 7: LATIN AMERICA
ALUMINUM MARKET, BY INDUSTRY VERTICAL, 2023-2030 (IN $ MILLION)
TABLE 8: LATIN
AMERICA ALUMINUM MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
FIGURE 1: INDUSTRY
COMPONENTS
FIGURE 2: KEY BUYING
IMPACT ANALYSIS
FIGURE 3: LATIN AMERICA
ALUMINUM MARKET, BY PRODUCT, 2022 & 2030 (IN %)
FIGURE 4: LATIN AMERICA
ALUMINUM MARKET, BY ALUMINA, 2023-2030 (IN $ MILLION)
FIGURE 5: LATIN AMERICA
ALUMINUM MARKET, BY BAUXITE, 2023-2030 (IN $ MILLION)
FIGURE 6: LATIN AMERICA
ALUMINUM MARKET, BY PRIMARY ALUMINUM, 2023-2030 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
ALUMINUM MARKET, BY OTHER PRODUCTS, 2023-2030 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
ALUMINUM MARKET, BY INDUSTRY VERTICAL, 2022 & 2030 (IN %)
FIGURE 9: LATIN AMERICA
ALUMINUM MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2023-2030 (IN $ MILLION)
FIGURE 10: LATIN
AMERICA ALUMINUM MARKET, BY BUILDING & CONSTRUCTION, 2023-2030 (IN $
MILLION)
FIGURE 11: LATIN
AMERICA ALUMINUM MARKET, BY ELECTRONICS, 2023-2030 (IN $ MILLION)
FIGURE 12: LATIN
AMERICA ALUMINUM MARKET, BY FOIL & PACKAGING, 2023-2030 (IN $ MILLION)
FIGURE 13: LATIN
AMERICA ALUMINUM MARKET, BY OTHER INDUSTRY VERTICALS, 2023-2030 (IN $ MILLION)
FIGURE 14: LATIN
AMERICA ALUMINUM MARKET, COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 15: BRAZIL
ALUMINUM MARKET 2023-2030 (IN $ MILLION)
FIGURE 16: MEXICO
ALUMINUM MARKET 2023-2030 (IN $ MILLION)
FIGURE 17: REST OF
LATIN AMERICA ALUMINUM MARKET 2023-2030 (IN $ MILLION)