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Global Aluminum Market to Cross 51 Million Tons by 2012 According to...

China has emerged as the largest producer as well as consumer of aluminum, accounting for more than a third of global aluminum consumption. Moreover China is also growing at the fastest rate, and as such is the main driver of aluminum demand. Other emerging markets such as India, and Brazil are also experiencing significant growth in demand. On the other hand, aluminum demand in the US has been on the decline in the recent past, owing to decline in demand from end-use industries in the market. Automotive and transportation industry, which is the largest consumer of aluminum in the region, has been on the decline in the recent past leading to a decline in demand for aluminum. The sub prime credit crisis is also negatively affecting the construction industry, the other major consumer of aluminum in the US.

Driven by increasing consumption in non-traditional markets such as China and India, the global market for aluminum (http://www.strategyr.com/Aluminum_Market_Report.asp) is projected to reach nearly 51 million tons by the year 2012, reflecting a compounded annual growth rate of 7.6% over the period 2008-2012. Asia-Pacific region, driven by ever increasing Chinese consumption is the largest market for aluminum, accounting for an estimated 49.5% of global market in 2008. Global demand for rolled extruded products (http://www.strategyr.com/Aluminum_Market_Report.asp) is projected to reach nearly 31.8 million tons by 2012, registering a CAGR of 8.5% for the period 2008-2012. The worldwide market for flat surfaced extruded products (http://www.strategyr.com/Aluminum_Market_Report.asp) is estimated to cross 8.7 million tons in 2008.

Power shortage and transportation are the key bottlenecks that are currently undermining the profitability of the global aluminum industry. In addition, increasing prices of raw material and energy are pressurizing margins and are creating problems in production, cost reduction, and operation of the aluminum industry. Of all the discrepancies, power shortage casts the most misfortunes on the industry, right from Western Europe to Africa, given the fact that the aluminum industry is highly power-intensive.

Key players dominating the global aluminum market include Alcan Inc., Aluminium Bahrain B.S.C, Aluminum Corporation of China, BHP Billiton, Century Aluminum Company, Companhia Brasileira De Alum's237;nio, Dubai Aluminium Company Limited, Hindalco Industries Ltd, Kaiser Aluminum Corporation, National Aluminum Company Ltd, Rio Tinto Alcan Inc., Norsk Hydro ASA, United Company RUSAL, Vedanta Resources Plc, and Bharat Aluminum Company Ltd.

The report titled Aluminum: A Global Strategic Business Report published by Global Industry Analysts, Inc., provides a review of key market drivers, technological developments, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in volume sales for major geographic regions including the US, Canada, Japan, France, Germany, Italy, UK, Spain, Russia, China, Hong Kong, India, Indonesia, South Korea, Malaysia, The Philippines, Singapore, Taiwan, Thailand, Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Venezuela, and Rest of World. Product segments analyzed include Rolled Extruded Products (Bars, Rods, Angles, 's38; Shapes; and Wires), Flat Surfaced Extruded Products, and Tubes and Pipes.

For more details about this research report, please visit

http://www.strategyr.com/Aluminum_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.StrategyR.com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world'ss largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

Telephone 408-528-9966

Fax 408-528-9977

Email press@StrategyR.com

Web Site http://www.StrategyR.com/

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