Global Aluminium Industry Outlook 2021
After the year 2020, a year of mayhem for the aluminium industry with usage declined 4.1 per cent to 84.5 million tonnes amid production surge to over 65 million tonnes and increased inventories leading to supply-demand gap due to the unprecedented COVID-19 outbreak, the industry leaders and enthusiasts are eagerly looking forward to the projection for 2021. Hence, AlCircle team has come up with a new comprehensive report on “Global Aluminium Industry Outlook 2021”.
AlCircle forecasts the demand for aluminium to rise briskly at around 7.5% during 2021 riding on the back of a high growth rate in China and a rebound in other major markets across the world. The demand for the metal is expected to move past the 90 million mark with improvements in global mobility and the release of pent-up demand as the year progresses.
While the industry has started working towards sustainable alternatives such as low carbon aluminium/green aluminium and innovating new technologies and alloys to bolster its position as the most sustainable metal in the world, aluminium produced through renewable energy sources is expected to gain much more importance this year and beyond.
On the end-user front, usage of aluminium is expected to resume to normal levels during 2021 as operations resume across various end-user sectors. The packaging sector is estimated to continue growing and buoy the aluminium demand, while the automobile industry is expected to reach pre-Covid levels during the third quarter of 2021.
This report has more in-depth analyses of how the policy changes and developments of 2020 have built a foundation for 2021 and how the year is likely to trend ahead.
In a nutshell, the following points are covered by our “Global Aluminium Industry Outlook 2021”:
1.The Bauxite Market
2. The Alumina Market
3. The Primary Aluminium Market
4. The Downstream Market
5. The End User Market
6. The Recycled Aluminium Market
