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A technical publication devoted to readers in the bulk solids market, worldwide.

  • December 18, 2018

The global aluminum market is on track to reach an estimated $249.9 billion by 2025, reflecting a 6.4 percent compound annual growth rate (CAGR). The market, while expected to experience greater profitability, has a competitive landscape that’s fragmented among a large number of small- and medium-sized companies. One recent development in the market is the sanctions that the US has imposed over the Russian company Rusal, the second-largest producer of aluminum in the world. An influx of aluminum should occur due to an increased capacity in China and the US, which should fill the void in the near future, according to the report Aluminum Market by Transparency Market Research. Demand for aluminum should increase in the construction and automotive sectors across emerging economies, including China, India, Indonesia, and Malaysia. Both the construction and automotive sectors are using aluminum alloys because of their heat conductivity, ability to fight rust, light weight, and ability to withstand various weather conditions. Demand for aluminum is increasing in other sectors as well, including electronics, packaging, and household goods. For more info and to purchase a copy of the report for $5,795, visit https://www.transparencymarketresearch.com.