The Europe aluminum market is predicted to rise with a CAGR of 4.49% during the forecast period of 2022 to 2030, capturing a revenue share of $26635.05 million by 2030.

The market growth of the region is reinforced by factors such as the expanding packaging industry due to changing customer preferences and the rising demand for ready-to-eat and frozen foods, in addition to the growing need for commercial and passenger vehicles. However, the Europe aluminum market growth will likely be hindered by stringent regulations to minimize the carbon footprint of aluminum production.

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The Europe aluminum market growth assessment encompasses the study of the United Kingdom, Germany, France, Italy, Spain, the Netherlands, Poland, Norway, and Rest of Europe. In view of the rapidly-developing electric and autonomous vehicles industry across the United Kingdom, the nation’s government announced a ban on the sale of internal combustion engine cars as well as vans from 2030, in November 2020. This measure was a part of the government’s green revolution aimed at curbing emissions economy-wide to net zero by the year 2050. Moreover, under the United Kingdom’s Ten Point Plan for a Green Industrial Revolution and Net Zero Strategy, the nation’s government allocated $16 billion in order to support multi-sector decarbonization efforts, according to the International Trade Administration (ITA).

On the other hand, with the largest automobile industries in Europe, Germany houses manufacturers from various segments. These primarily include material and component suppliers, engine producers, whole system integrators, and equipment manufacturers. Hence, the expanding automobile industry in Germany is anticipated to fuel the demand for aluminum, given the material’s durable and lightweight nature. The country also has a booming construction industry, with some of the major construction projects set to be initiated in the year 2022. For example, while the construction of the Krampnitz housing complex at Brandenburg aims to offer living spaces for about 10,000 people, the construction of the Elements mixed-use complex in Berlin is anticipated to meet the surging demand for residential and office facilities. As a result, the aforementioned factors are forecasted to augment the aluminum market growth in Europe over the estimated period.

The Europe aluminum market is segmented into product type and end-user. The end-user segment includes building and construction, automotive & transportation, electronics, foil & packaging, and other end-users. Different properties of aluminum, such as high strength, durability, corrosion resistance, lightweight, non-toxic nature, and others, have made it a material of choice, predominantly in the building and construction industry. Furthermore, aluminum can also be used for air conditioning systems, furniture, translucent panes, siding, window and doorframes, heating systems, staircases, solar protection, and others.

Leading firms operating in the Europe aluminum market are Norsk Hydro ASA, United Company Rusal Plc, Rio Tinto London, etc.  

Rio Tinto, headquartered in the United Kingdom, is an international mining as well as metals company engaged in the exploration, mining, and processing of several mineral resources. The company also functions in various data centers, smelters, mines, artificial intelligence, and research and development laboratories. The company’s product groups are classified into copper, lithium, iron ore, aluminum, titanium dioxide, borates, diamonds, salt, and others.                                                           

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