Dublin, Feb. 24, 2022 (GLOBE NEWSWIRE) -- The "China Aluminium Market (by Production & Consumption): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to ResearchAndMarkets.com's offering.
The Chinese aluminium market is forecasted to reach US$86.86 billion in 2026, experiencing growth at a CAGR of 4.84% during the period spanning from 2022 to 2026.
Factors such as increasing construction activity, rising incorporation in the automotive & transportation industry, expanding urbanization, accelerating demand for aluminium from packaged food manufacturers and surging adoption in electric vehicles would drive the growth of the market.
However, market growth is set to be challenged by the implementation of stricter environmental regulations by the government and related associations, slowdown in new capacity additions and health effects of aluminium. A few notable trends include expansion of electronics manufacturing market, growing application of aluminium in power grid & power generation industries and escalating popularity of recycled aluminium.
Aluminium is the world's most abundant metal and is the third most common element comprising 8% of the earth's crust. The versatility of aluminium makes it the most widely used metal after steel. China dominates production as well as consumption of aluminium accounting for nearly half of the global production and consumption.
The market is segmented on the basis of production and consumption. Furthermore, the Chinese aluminium consumption is bifurcated into construction, transportation, packaging, electrical, machinery & equipment, consumer durables and other end-users, in terms of end-users.
The construction sector would remain the major driver of the aluminium market trends owing to surging expenditure on infrastructure and residential development projects in the region as well as increasing shift towards green construction technology, where aluminium fabrications, aluminium castings, aluminium extrusions, and aluminium profiles are key components of construction materials.
Scope of the report:
- The report provides a comprehensive analysis of the China aluminium market with potential impact of COVID-19
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth
- The competitive landscape of the market, along with the company profiles of leading players (Aluminum Corporation of China Limited, China Hongqiao Group Limited, Yunnan Aluminium Co., Ltd., Shandong Nanshan Aluminum Co., Ltd., China Zhongwang Holdings Limited and State Power Investment Corporation Limited) are also presented in detail
Key Topics Covered:
1. Market Overview
1.1 Introduction
1.2 Production Process of Aluminium
1.3 Standards of Aluminium
1.4 Physical Properties of Aluminium
1.5 Chemical Properties of Aluminium
1.6 Typical Forms of Aluminium Available
1.7 Applications of Aluminium
1.8 Effects of Aluminium on Environment
2. Impact of COVID-19
2.1 Decline in Industrial Production
2.2 Slowdown in the Automotive Industry
2.3 Varying Production of Primary Aluminium
2.4 Fluctuations in Semiconductor Sales
3. China Market Analysis
3.1 China Aluminium Market by Value
3.2 China Aluminium Market Forecast by Value
3.3 China Aluminium Production Volume
3.4 China Aluminium Production Volume Forecast
3.5 China Aluminium Consumption Volume
3.6 China Aluminium Consumption Volume Forecast
3.7 China Aluminium Consumption by End-User
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increasing Construction Activity
4.1.2 Rising Incorporation in Automotive & Transportation Industry
4.1.3 Expanding Urbanization
4.1.4 Accelerating Demand from Packaged Food Manufacturers
4.1.5 Surging Adoption in Electric Vehicles
4.2 Key Trends & Developments
4.2.1 Expansion of Electronics Manufacturing Market
4.2.2 Growing Application in Power Grid & Power Generation Industries
4.2.3 Escalating Popularity of Recycled Aluminium
4.3 Challenges
4.3.1 Implementation of Stringent Environmental Regulations
4.3.2 Slowdown in New Capacity Additions
4.3.3 Health Effects of Aluminium
5. Competitive Landscape
5.1 China Market
5.1.1 Revenue Comparison of Key Players
5.1.2 Market Capitalization Comparison of Key Players
5.1.3 R&D Comparison of Key Players
5.1.4 China Aluminium Market Share by Key Players
6. Company Profiles
- Aluminum Corporation of China Limited (Chalco)
- China Hongqiao Group Limited
- Yunnan Aluminium Co., Ltd.
- Shandong Nanshan Aluminum Co., Ltd.
- China Zhongwang Holdings Limited
- State Power Investment Corporation Limited
For more information about this report visit https://www.researchandmarkets.com/r/fk5bbu
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