TechNavio recognizes the following companies as the key players in the Global Aluminum Market: Aluminum Co. of America, Aluminum Corp. of China Ltd., Rio Tinto Alcan Inc., and United Co. RUSAL plc.
Commenting on the report, an analyst from TechNavio’s team said: “The high degree of vertical integration is another major trend being witnessed in the Global Aluminum market. Major aluminum producers are integrating their value chains and are gaining control of significant portions of the supply chain. They are increasingly engaging in vertical integration to ensure the continuous supply of raw materials and to meet the upcoming demand for aluminum products. This has resulted in the market witnessing a high level of upstream integration, which involves the construction of smelters to increase the secondary production of aluminum, and downstream integration, which involves the production of finished aluminum-based products.”
According to the report, one of the key drivers in this market is the increased use of aluminum in the Automotive industry, which is leading to the production of lightweight and fuel-saving automobiles.
Further, the report states that one of the serious issues faced by this market is the high volatility of the price of aluminum. Aluminum prices are going through an all-time low due to the oversupply of the metal in the market. The market is also highly affected by the introduction of stringent government regulations. Vendors are incurring higher operating and manufacturing costs in an effort to comply with these regulations and reduce the effects of mining on the environment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-aluminum-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Aluminum Market 2014-2018
