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Aluminium is the most abundant metal found in the earth’s crust. It is available as primary and secondary aluminium for various applications. Primary aluminium is produced from mining ore while secondary aluminium comes from recycling aluminium scrap.

The aluminium industry in a country is greatly influenced by economic development. China is one of the largest producers and consumers of aluminium, accounting for more than 38% of the global market share in 2017.

The demand for high-strength aluminium alloys in the automotive and aerospace industries has been increasing over 70 to 80% of aluminium alloy in the production of modern cars and aircraft.

However, the adverse effect of bauxite mining on the environment and human health has led to an emphasis on the production of secondary aluminium, especially in the US and some European nations.

In recent years, secondary aluminium has gained prominence mainly due to its inexpensive extraction process. Moreover, the use of secondary aluminium results in a reduction of CO2 emissions by up to 92% as compared to primary aluminium production from bauxite.
The use of die-cast aluminium for automotive applications presents market players with a lucrative opportunity as it can withstand high temperatures and is corrosion resistant, besides being inexpensive.
The presence of abundant bauxite reserves in Asia-Pacific and the increasing demand for lightweight materials in automobile production to increase fuel efficiency is expected to drive the growth of the market in the region. Over the next five years, the aluminium market in Asia-Pacific is expected to register a combined annual growth rate of over 7.0%.

According to [ Ссылка ] the global aluminium market has been segmented based on type, product, application, and region. Asia-Pacific accounted for more than half of the total market share in 2017 with China dominating a regional market with a share of more than 60%. We expect India to be the fastest-growing country-level market at a combined annual growth rate of 8.12% during the forecast period. Considering these factors, the global aluminium market value accounted for USD 151.2 billion in 2017 and is projected to register a combined annual growth rate of 6.7% from 2018 to 2023.

Similarly, in terms of companies, Rusal, Rio Tinto, Hongqiao Group, Alcoa, and Aluminum Corporation of China accounted for more than 60% of the market share in 2017. These players are focused on expansions, acquisitions, collaborations, and investments to increase their market presence. In May 2018, Alcoa collaborated with Rio Tinto to develop the world’s first carbon-free aluminium smelting process which eliminates the emission of greenhouse gases.
In conclusion, the demand for aluminium is expected to increase significantly over the next decade, especially in the transportation sector.

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