Research and Markets has announced the addition of the "Global Aluminum Market 2014-2018" report to their offering.
The analysts forecast the Global Aluminum market to grow at a CAGR of 5.90 percent over the period 2013-2018. One of the key factors contributing to this market growth is the use of aluminum in the Automotive industry. The Global Aluminum market has also been witnessing the increase in production capacities by major producers around the world. However, the high price volatility of aluminum could pose a challenge to the growth of this market.
Key vendors dominating this space are Alcoa Inc., Aluminum Corp. of China Ltd., Rio Tinto Alcan Inc., and United Co. RUSAL.
Other vendors mentioned in the report are BHP Billiton Ltd., Dubai Aluminum Co. Ltd. (DUBAL), Norsk Hydro ASA, and Vedanta Resources plc.
Commenting on the report, an analyst from the 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.
For more information visit http://www.researchandmarkets.com/research/gq2pjw/global_aluminum
Source: http://www.researchandmarkets.com/