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.
The top five companies covered are Rio Tinto, Weiqiao/ Hongqiao Group, United Co RUSAL PLC, Alcoa and Norsk Hydro. Rio Tinto was the largest competitor in the alumina and aluminum production and processing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global alumina and aluminum production and processing market was valued at around $260 billion in 2017. Asia Pacific was the largest region in the alumina and aluminum production and processing market in 2017, accounting for around 40% market share. China was the largest country in the market in 2017, accounting for more than 20% market share.
Aluminum manufacturers are producing customized aluminum alloys for automobile manufacturers to produce light weight 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.