The global alumina and aluminum production and processing market is expected to decline from $810.9 billion in 2019 to $718.2 billion in 2020 at a compound annual growth rate (CAGR) of -11.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 10% from 2021 and reach $932.4 billion in 2023.
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The alumina and aluminum production and processing market consists of sales of alumina and aluminum by entities (organizations, sole traders and partnerships) primarily engaged 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.
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The alumina and aluminum production and processing market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the alumina and aluminum production and processing market are Rio Tinto, Weiqiao/ Hongqiao Group, United Co RUSAL PLC, Alcoa, Norsk Hydro
The Global Alumina And Aluminum Production And Processing Market is segmented:
1) By Type: Aluminum Product Manufacturing From Purchased Aluminum, Secondary Smelting And Alloying Of Aluminum, Alumina Refining And Primary Aluminum Production
2) By Application: Automotive, Manufacturing,
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The alumina and aluminum production and processing market report describes and explains the global alumina and aluminum production and processing market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The alumina and aluminum production and processing report evaluates the market across each region and for the major economies within each region.
The countries covered in the global alumina and aluminum production and processing market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global alumina and aluminum production and processing market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Alumina And Aluminum Production And Processing Market Characteristics
- Alumina And Aluminum Production And Processing Market Product Analysis
- Alumina And Aluminum Production And Processing Market Supply Chain
- Key Mergers And Acquisitions In The Alumina And Aluminum Production And Processing Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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