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Summary and extracts
1 Market Overview
1.1 Definition and scope of study
Aluminum is a silver-colored malleable metal (it is the sixth most ductile and second most malleable metal on Earth). Aluminum can be used for a variety of purposes, including transportation equipment construction, packaging production, other types of construction, etc.
Today, the primary aluminum production market is mainly held by China, which has large reserves of bauxite, the basic ore for obtaining this light metal. There are two main types of aluminum sold in the market:
1.Die-cast aluminum, used in all major industries
2.Extruded aluminum, used for fillers, 3D molds and welding.
Globally, the aluminum market was valued at $147.2 billion in 2018. In the period from 2019 to 2026, the value of this market is expected to reach $189.8 billion, a growth of 3.2 percent.
The aluminum market in Italy is also growing and is so profitable that it ranks second in Europe, in terms of sales, right after Germany.
An estimated 2 million tons of aluminum were produced in Italy in 2019 and per capita consumption was 34 kg, one of the highest values in the world. However, a problem affecting Italy at the moment is the lack of raw materials and thus the shortage of aluminum compared to demand.
One of the largest aluminum producers in Italy is Profall, which supplies extruded aluminum to all industries.
The recent pandemic has also had a major effect on this market, especially given the role of China. Beijing is in fact the world's largest aluminum producer, and the city blockade has generated disruption to this industry worldwide.
Fortunately, after a difficult year, the commodities market and the aluminum market in particular are experiencing an important period of recovery, mainly due to the industrial recovery globally.
List of charts presented in this market study
- Produzione di alluminio primario
- Produzione alluminio primario
- Breakdown of sales by product
- Futturato produzione di alluminio
- Aluminum export destinations
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the aluminium market | Italy
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