The China aluminum market is set to rise with a CAGR of 5.38% across the forecasting years, reaching a revenue share of $92949.64 million by 2028. While the base year considered for the studied market is 2021, the forecast years are from 2022 to 2028.

CHINA ALUMINUM MARKET FORECAST 2022-2028

China Aluminum Market by Product Type (Primary Aluminum, Alumina, Bauxite, Other Products) Market by End-user (Building and Construction, Automotive & Transportation, Electronics, Foil & Packaging, Other End-users)

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The China aluminum market is set to rise with a CAGR of 5.38% across the forecasting years, reaching a revenue share of $92949.64 million by 2028. While the base year considered for the studied market is 2021, the forecast years are from 2022 to 2028.

The rapidly-developing construction, transportation, and machinery and equipment sector, as well as the surging adoption of electric vehicles, are among the key factors expected to augment the aluminum market growth in China during the forecast period.

China Aluminum Market

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China is one of the largest consumers as well as producers of semi-finished aluminum products. Moreover, according to a report by CRU International Ltd, the majority of the country’s aluminum consumption in the year 2020 was attributed to the construction industry, followed by the transportation and machinery and equipment sector. The rapid adoption of electric vehicles in China is further expected to propel the demand for aluminum in the transportation sector. The country’s packaging sector is also projected to drive the market growth of aluminum, primarily on account of the transition to canned beers, away from glass.

On the other hand, renewable energy installations, particularly in distant regions, in addition to the implementations of subsequent power transmission projects, will likely augment the need for aluminum emerging from China’s electrical sector. Accordingly, the demand growth of the country is also expected to be propelled by notable investments in construction as well as infrastructure. As a result, these factors are set to contribute to the dynamic growth of the China aluminum market during the forecast period.

The China aluminum market is segmented into product type and end-user. The product type segment includes primary aluminum, alumina, bauxite, and other products (flat rolled and extrusions). Bauxite ore is processed chemically in order to acquire aluminum oxide or alumina through the use of the Bayer process. The alumina is further smelted by means of the Hall-Heroult electrolytic process for the manufacturing of pure aluminum metal. Alumina possesses different characteristics, such as high thermal conductivity, high stiffness and strength, excellent dielectric properties, wear resistance, and various other properties.

Other products included in the segment are flat rolled as well as extruded aluminum products. Aluminum is typically processed in rolled products like foils, sheets, plates, and others. While flat rolled products depend on alloying, pre-heating leveling, casting, and other preparatory steps, rolled aluminum is one of the most flexible products utilized in the packaging and transportation industries

Leading companies operating in the China aluminum market include China Hongqiao Group Limited, Hindalco Industries Ltd, UACJ Corporation, Aluminum Corporation of China Ltd (CHALCO), etc.

China Hongqiao Group Limited, headquartered in China, manufactures and sells aluminum products. Moreover, the company is committed to sustainable development as well as innovation. Its products include aluminum alloy ingots, busbars, aluminum alloy, and other alumina products.

In terms of aluminum deep processing, the company has introduced an advanced high-precision and high-automation rolling mill, thus enabling it to lead automatic control and manufacturing techniques across the globe.

Report Synopsis

Report Scope

Details
Market Forecast Years2022-2028
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedProduct Type and End-User
Country AnalyzedChina
Companies Analyzed

Aluminum Corporation of China Ltd (CHALCO), China Hongqiao Group Limited, Hindalco Industries Ltd, UACJ Corporation, China Zhongwang Holdings Limited

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. KEY ANALYTICS
      • IMPACT OF COVID-19 ON ALUMINUM MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • PESTLE ANALYSIS – CHINA
      • VALUE CHAIN ANALYSIS
        • RAW MATERIAL PROCUREMENT
        • ALUMINUM PRODUCTION
        • END-USER
      • KEY BUYING CRITERIA
        • STRENGTH
        • RECYCLABILITY
        • CORROSION RESISTANCE
      • REGULATORY FRAMEWORK
    4. MARKET BY PRODUCT TYPE
      • PRIMARY ALUMINUM
      • ALUMINA
      • BAUXITE
      • OTHER PRODUCTS (FLAT ROLLED AND EXTRUSIONS)
    5. MARKET BY END-USER
      • BUILDING AND CONSTRUCTION
      • AUTOMOTIVE & TRANSPORTATION
      • ELECTRONICS
      • FOIL & PACKAGING
      • OTHER END-USERS
    6. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ALUMINUM CORPORATION OF CHINA LTD (CHALCO)
        • CHINA HONGQIAO GROUP LIMITED
        • CHINA ZHONGWANG HOLDINGS LIMITED
        • HINDALCO INDUSTRIES LTD
        • UACJ CORPORATION

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – ALUMINUM MARKET

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: CHINA ALUMINUM MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 4: CHINA ALUMINUM MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 5: CHINA ALUMINUM MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 6: CHINA ALUMINUM MARKET, BY END-USER, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 7: LIST OF MERGERS & ACQUISITIONS

    TABLE 8: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 9: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 10: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: PESTLE ANALYSIS

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: KEY BUYING CRITERIA

    FIGURE 7: CHINA ALUMINUM MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2021

    FIGURE 8: CHINA ALUMINUM MARKET, BY PRIMARY ALUMINUM, 2022-2028 (IN $ MILLION)

    FIGURE 9: CHINA ALUMINUM MARKET, BY ALUMINA, 2022-2028 (IN $ MILLION)

    FIGURE 10: CHINA ALUMINUM MARKET, BY BAUXITE, 2022-2028 (IN $ MILLION)

    FIGURE 11: CHINA ALUMINUM MARKET, BY OTHER PRODUCTS (FLAT ROLLED AND EXTRUSIONS), 2022-2028 (IN $ MILLION)

    FIGURE 12: CHINA ALUMINUM MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 13: CHINA ALUMINUM MARKET, BY BUILDING AND CONSTRUCTION, 2022-2028 (IN $ MILLION)

    FIGURE 14: CHINA ALUMINUM MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2022-2028 (IN $ MILLION)

    FIGURE 15: CHINA ALUMINUM MARKET, BY ELECTRONICS, 2022-2028 (IN $ MILLION)

    FIGURE 16: CHINA ALUMINUM MARKET, BY FOIL & PACKAGING, 2022-2028 (IN $ MILLION)

    FIGURE 17: CHINA ALUMINUM MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)       

    1. MARKET BY PRODUCT TYPE
      • PRIMARY ALUMINUM
      • ALUMINA
      • BAUXITE
      • OTHER PRODUCTS (FLAT ROLLED AND EXTRUSIONS)
    2. MARKET BY END-USER
      • BUILDING AND CONSTRUCTION
      • AUTOMOTIVE & TRANSPORTATION
      • ELECTRONICS
      • FOIL & PACKAGING
      • OTHER END-USERS

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