'Global aluminium market will be worth $99.9bn in 2011' says latest visiongain report
The aluminium industry is emerging as one of the strongest markets after recession as the commodity is gradually gaining prominence in the recovering transportation and construction industries.
- (1888PressRelease) September 27, 2011 - The global aluminium market is a steadily growing market which is expected to follow a progressive above average growth rate in developing nations and a modest, steady growth rate in mature markets. Visiongain calculates that the global aluminium market will be worth $99.9bn in 2011.
Although the demand for aluminium was negatively impacted during the recession; the industry is rapidly picking-up owing to the soaring demand of developing Asian economies and rebounding economies of developed nations. China and India are the major contributors to global aluminium production and consumption with other countries, including Russia, USA, Australia, Brazil and Norway, making significant contributions to the global growth. Visiongain expects the global metals and mining industry and in particular, the aluminium market to bounce back and demonstrate solid growth in line with previously expected growth rates.
The emerging economies, which in total maintained positive growth through the crisis, will continue to register strong growth, driving demand for aluminium products in the coming decade. Being the largest aluminium consuming sector, recovery in the transportation industry is yielding good results for the global aluminium market.
Contributing further to growth will be the infrastructure development going on at a massive scale in BRIC nations. Moreover, emerging consumer markets are rapidly growing opportunities. Rising GDPs leading to the higher purchasing power of the population will create more demand for automotives, enhanced infrastructure, construction work, and other related products which will collectively boost the aluminium industry.
Global growth is shifting towards East with Asian and Middle Eastern countries emerging as the most powerful markets. This decade is expected to have the largest production and consumption from the Eastern countries. Saudi Arabia is expected to emerge as a major aluminium exporter with several new smelter projects to start production within five years. The region has the abundance of cheap energy for industrial projects. In contrast, China, although self-sufficient with alumina reserves, the nation's extensively growing economy offers scope for further exploration. As such, the soaring appetite of China and the promising Middle East aluminium market will benefit the global aluminium industry.
Aluminium smelting, being the largest smelting activity in the world, is expected to gain prominence with the growing demand. The aluminium industry is expected to exhibit solid growth mainly driven by gradually recovering markets, economic rebound in aluminium consuming industries, and growing consumer demand for improved aluminium products. The global aluminium industry is also expected to benefit from further refinement of the commodity to enhance its applications in several other sectors.
The Aluminium Market Analysis, Financials and Forecasts 2011-2016 report will prove invaluable to current industry players, or those wishing to enter or invest in the market over the coming decade.
If you would like to see sample pages of the report please visit http://www.visiongain.com/Report/688/The-Aluminium-Packaging-Market-2011-2021
For an executive summary please email Sara Peerun
Email: sara.peerun ( @ ) visiongainglobal dot com
Tel: +44 0207 3366100
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun ( @ ) visiongainglobal dot com or call her on +44 (0) 207 336 6100
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