Outlook for the Indian Aluminium Industry

Outlook for the Indian Aluminium Industry - In-depth industry analysis & forecast to 2026-27. The Indian aluminium industry was also a part of this global fall but it sustained competently. aluminium industry across the world in the last fiscal year. India was no exception but to witness slow business and industry activities, both in Q1 and Q2 of FY 2020-21. According to the market data, domestic aluminium consumption declined by about 15%, with downstream products import shrank by almost 19 per cent throughout the year. Amid this impending market condition, it is of utmost importance to analyse the future trend of the industry in order to plan for growth, expansion and investment accordingly. This new report of AlCircle has not only cumulated the broad overview of the potential market trend in the next five years but has also evaluated the in-depth course of the industry vertical wise. The report has offered strategic information to planners and decision makers enabling them to explore investment opportunities in the country. The Indian aluminium industry mainly consists of - primary aluminium, aluminium extrusions, aluminium rolled products and alumina chemicals. The industry meets the requirements of a wide range of industries including engineering, electrical and electronics, automobile and automobile components, etc. Indian Aluminum Industry is one of the leading industries in the Indian economy.Aluminium is regarded as a strategic sector for India to move forward. It would support India to boost fuel and cost efficiency, especially in india. India has achieved remarkable growth in production. In India 80% of Aluminium is consumed by construction, transport and electrical sectors which will face demand swings. Export of primary aluminium from India has seen steady rise over the years and the share of exports in total production has risen to 54% in FY2021. Indian aluminium industry frontline aluminum producer company: Hindalco Industries, National Aluminium Company Limited (NALCO), Bharat Aluminium Co. Ltd. (BALCO), Jindal Aluminium, Vedanta Aluminium, Hind Aluminium, Century Extrusion, Manaksia Aluminium, Bothra Metals, Maan Aluminium, Sacheta Metals, PG Foils

What does the AlCircle’s report on “Outlook for the Indian Aluminium Industry - In-depth industry analysis & forecast to 2026-27” offer to you?

Needless to say that the Covid-19 pandemic and the ensuing lockdowns resulted in a major setback for the aluminium industry across the world in the last fiscal year. India was no exception but to witness slow business and industry activities, both in Q1 and Q2 of FY2020-21. According to the market data, domestic aluminium consumption declined by about 15%, with downstream products import shrank by almost 19 per cent throughout the year. Amid this impeding market condition, it is of an utmost importance to analyse the future trend of the industry in order to plan for growth, expansion and investment accordingly.

With such an objective, AlCircle has brought to you a new report on “Outlook for the Indian Aluminium Industry - In-depth industry analysis & forecast to 2026-27”. AlCircle research has estimated that aluminium usage in India is likely to grow at a CAGR of 6.7% over the next five years to reach 4.84 million tonnes by 2026-27. Electrical and electronics is expected to dominate the market by consuming around 1.69 million tonnes of the metal by the said year. The usage of aluminium by the transportation sector is set to grow at about 7.2% per annum to reach 1.37 million tonnes by 2026-27.

This new report of AlCircle has not only cumulated the broad overview of the potential market trend in the next five years but has also evaluated the in-depth course of the industry vertical wise. The reported has offered strategic information to planners and decision makers enabling them to explore investment opportunities in the country.

The objectives of this report include:

• To provide a consolidated overview of the qualitative and quantitative dimensions of the Indian aluminium downstream products market
• To discuss recent trends in the end use sectors and its impact on the downstream products     
• To present market estimates and forecasts by aluminium downstream products and by end-use sectors for the period 2021-22 to 2026-27
• To analyse the trends in export and import of aluminium products 

Some of the major points covered by the report are as follows:

• Primary aluminium production, 2015-16 to 2020-21 (000 tonnes)
• Import/Export of primary aluminium, 2015-16 to 2020-21
• Forecast of aluminium FRP usage 2021-22 to 2026-27 (000 tonnes)
• Forecast of aluminium FRP* usage by end use 2021-22 to 2026-27 (000 tonnes)
• Aluminium FRP usage & forecast in the packaging sector, transportation sector, building & construction sector, and electrical and electronics sector, 2021-22 to 2026-27 (000 tonnes)
• Import/Export of aluminium FRP, 2016-17 to 2020-21
• Forecast of aluminium extrusions usage by end use 2021-22 to 2026-27 (000 tonnes)
• Forecast of aluminium wire rod usage, 2021-22 to 2026-27 (000 tonnes)
• Aluminium castings usage & forecast by end use, 2021-22 to 2026-27 (000 tonnes)
• Forecast of aluminium foil usage 2021-22 to 2026-27 (000 tonnes)