Alumina And Aluminum Production And Processing Global Market Report 2018

Alumina And Aluminum Production And Processing Global Market Report 2018
Starting Price : $ 4000.00 | Pages : 125 | Published : February 2018

SKU CODE : 3075 | Format :

The alumina and aluminum production and processing industry include establishments mainly involved in alumina extraction primarily from bauxite ore, producing aluminum from alumina, recovering aluminum from scrap or dross, refining aluminum by any process, alloying purchased aluminum and rolling, drawing, casting, extruding and alloying aluminum and aluminum-based alloy into primary forms such as bar, foil, pipe, plate, rod, sheet, tube, wire.

Asia Pacific was the largest region in the alumina and aluminum production and processing market in 2017, accounting for 40% market share. This can be attributed to region’s large manufacturing, automobile, transport, and electrical market, especially in countries such as China, Japan, and Korea. China has the highest market share in all the aluminum end use industries. North America was the second largest region accounting for 21% market share. Eastern Europe was the smallest largest region accounting for 1% market share.

Aluminum manufacturers are producing customized aluminum alloys for automobile manufacturers to produce light weigh vehicles. The use of aluminum alloys in vehicles reduces carbon emissions Increases fuel economy and improves overall stability as aluminum alloys considerably reduces vehicle body weight.  This is primarily driven by stringent emission regulations and growing pressure to improve economy by many national and state governments. For instance, the US government’s federal emission standards, makes it mandatory for automobile manufacturers to increase corporate average fuel economy (CAFE) from 35.5 miles per gallon (mpg) in 2016 to 54.5 mpg by 2025.  This increase in CAFE is being achieved by increasing the aluminum content in the vehicle’s body to reduce its weight by around 30%. In line with this trend, global automobile manufacturers are increasing the aluminum content in their vehicles . For instance, in 2015, automobile manufacturer Ford launched its all-aluminum body F-150 mini truck which was 700 pounds lighter than the vehicle’s earlier version . Similarly, automobile manufacturer Cadillac uses a mix of steel and aluminum for its CT6 luxury cars launched in 2015 .
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