The Latest Aluminium Industry Statistics Explained
Aluminium is the second most used metal in the world after steel, with an annual consumption of 88 million tonnes (including recycled material).
The statistic highlights that aluminum is the second most utilized metal globally, following steel, and it has an annual consumption of 88 million tonnes, which also includes recycled material. This data underscores the significant role that aluminum plays in various industries and applications due to its versatile properties such as lightweight, durability, and recyclability. The high consumption of aluminum signifies its widespread use in sectors like transportation, construction, packaging, and electronics, contributing to its status as a vital material in the modern world economy. Additionally, the inclusion of recycled aluminum in the consumption figure reflects the growing emphasis on sustainable practices and materials in the industry.
China is the largest producer of Aluminium, contributing more than half of the global output.
The statistic that China is the largest producer of aluminium, contributing more than half of the global output, highlights the significant role that China plays in the global aluminium industry. This implies that China’s production of aluminium surpasses that of all other countries combined, indicating its dominant position in the market. With more than half of the world’s aluminium output coming from China, the country’s manufacturing capabilities and resources are crucial for meeting the global demand for this versatile metal, which is widely used in various industries such as automotive, construction, and packaging. This statistic underscores China’s influence on the global aluminium market and its pivotal role in shaping industry trends and pricing dynamics.
The global Aluminum market valued at $147.2 billion in 2018.
The statistic “The global Aluminum market valued at $147.2 billion in 2018” indicates the total worth of the aluminum market worldwide in the year 2018. This valuation encompasses the combined value of all aluminum-related transactions, including production, consumption, exports, imports, and overall market activities. The figure of $147.2 billion serves as a key metric for assessing the economic significance and size of the global aluminum industry, highlighting its substantial contribution to the overall economy and its widespread utilization in various sectors such as construction, transportation, packaging, and manufacturing. This statistic suggests a significant market size and economic importance of the aluminum industry on a global scale in the specified year.
The Aluminium industry employs over a million people worldwide.
The statistic “The Aluminium industry employs over a million people worldwide” suggests that the aluminium industry is a significant global employer, providing jobs to a large workforce. This demonstrates the industry’s importance in terms of job creation and economic development on a global scale. The statistic highlights the widespread impact of the aluminium industry on various economies and labor markets, with a substantial number of individuals relying on employment within this sector for their livelihoods. Furthermore, the statistic underscores the industry’s role in supporting workforce sustainability and contributing to overall employment opportunities across different regions of the world.
Around 75% of Aluminium ever produced is still in use thanks to its recyclability.
The statistic that around 75% of Aluminium ever produced is still in use emphasizes the remarkable recyclability and sustainability of aluminium as a material. This high recycling rate is attributed to the fact that aluminium can be recycled repeatedly without significant degradation in quality or performance. Recycling aluminium requires much less energy compared to producing it from raw materials, making it an environmentally friendly choice. This statistic underscores the value of recycling and the positive impact it can have on reducing the demand for new resources and energy consumption in aluminium production, contributing to a more sustainable and circular economy.
The Aluminum cans recycling industry was valued at around $992.4 million in 2018.
The statistic that the aluminum cans recycling industry was valued at around $992.4 million in 2018 indicates the economic significance and scale of this sector within the overall recycling industry. This figure represents the total market value of the aluminum cans recycling industry, which includes the collection, processing, and sale of used aluminum cans for recycling purposes. The high valuation suggests a substantial demand for recycled aluminum cans, driven by factors such as environmental awareness, resource conservation, and the economic benefits of recycling. It also highlights the potential for growth and investment opportunities in the recycling industry, as well as the importance of sustainable practices in reducing waste and conserving resources.
The Aluminium foil market is expected to reach $33.1 billion by 2025.
The statistic that the Aluminum foil market is projected to reach $33.1 billion by 2025 indicates the anticipated value of the market in terms of revenue in the upcoming years. This forecast suggests a significant growth trajectory for the Aluminum foil industry, reflecting increasing demand and consumption of Aluminum foils globally. Factors contributing to this growth could include the versatility and convenience of Aluminum foil in various applications such as food packaging, insulation, and other industrial uses. The projected value serves as a valuable indicator for investors, businesses, and stakeholders in the Aluminum foil market to understand the potential opportunities and trends in the industry.
The automotive sector is projected to be the fastest-growing end-use sector for Aluminum in the next decade.
This statistic indicates that the automotive sector is expected to experience the most significant increase in its use of aluminum compared to other industries over the next ten years. This growth projection suggests that the demand for aluminum in the automotive sector will outpace that in other end-use sectors such as construction, aerospace, or packaging. Factors driving this growth may include trends towards lightweighting to improve fuel efficiency and carbon emissions, as aluminum is a light and durable metal that can help automakers achieve these goals. The forecasted rapid growth in the automotive sector’s utilization of aluminum underscores the material’s importance in meeting the evolving needs of the industry and its potential for substantial economic and environmental impacts.
Primary Aluminium consumption reached approximately 5.32 million metric tons in leading consumer countries in 2020.
The statistic indicates that the total consumption of primary Aluminium in the leading consumer countries amounted to around 5.32 million metric tons in the year 2020. This figure illustrates the significant demand for primary Aluminium within these countries and highlights its importance in various industries such as automotive, construction, and packaging. The consumption of Aluminium is a key indicator of economic activity and industrial production, as it is a versatile and widely used metal with properties that make it ideal for a range of applications. The data provides valuable insight into the scale of Aluminium consumption in these countries, which can have implications for global Aluminium prices, trade dynamics, and environmental considerations related to Aluminium production.
In 2020, the average price of Aluminium was approximately 1,794 U.S. dollars per metric ton.
The statistic states that in the year 2020, the average price of Aluminium was around 1,794 U.S. dollars per metric ton. This figure represents the mean price of Aluminium across various transactions or markets during that year. The average price serves as a summary measure to give an indication of the typical cost of Aluminium during the specified period. It provides valuable insight for industry professionals, investors, and policymakers in understanding the market trends, assessing economic conditions, and making informed decisions related to Aluminium production, trade, and investment activities.
Production costs for smelters are highly dependent on the global economic environment, which affects oil prices, and the prices of other commodities, including alumina.
This statistic highlights the significant impact of the global economic environment on production costs for smelters, particularly due to its influence on oil prices and the prices of other commodities like alumina. Smelters, which are crucial for processing raw materials into metals like aluminum, heavily rely on inputs such as energy sources (like oil) and key materials (such as alumina). Fluctuations in global economic conditions can lead to volatility in oil prices and commodity prices, directly affecting production costs for smelters. As a result, smelters must closely monitor and adapt to changes in the global economic environment to effectively manage their production costs and maintain competitiveness in the industry.
The global Aluminium powder market was valued at US$ 3 Bn in 2020.
The statistic that the global Aluminium powder market was valued at US$ 3 billion in 2020 indicates the total worth of Aluminium powder sales worldwide during that year. This value reflects the economic significance and scale of the market, highlighting the demand for Aluminium powder across various industries such as automotive, aerospace, construction, and electronics. The market value serves as a key indicator of the size and health of the Aluminium powder industry, impacting companies operating in the sector and influencing investment decisions. Analyzing trends in market value over time can provide insights into market growth, potential opportunities, and challenges facing the Aluminium powder industry.
Global Aluminum casting market is projected to reach USD 97.36 billion by 2025.
The statistic “Global Aluminum casting market is projected to reach USD 97.36 billion by 2025” indicates the estimated value of the worldwide market for aluminum casting products by the year 2025. This projection suggests a significant growth trend in the industry, highlighting the increasing demand for aluminum castings driven by various sectors such as automotive, aerospace, construction, and others. The forecasted value of USD 97.36 billion reflects the anticipated total revenue generated from the sale of aluminum casting products and signifies the market’s potential for expansion and investment opportunities in the coming years.
Per capita consumption of Aluminium in China has increased from around 4 kilograms in 2000 to around 25 kilograms in 2019.
The statistic that per capita consumption of aluminium in China has increased from around 4 kilograms in 2000 to around 25 kilograms in 2019 indicates a substantial rise in the average amount of aluminium used by individuals in China over the past two decades. This significant increase could be attributed to various factors such as economic development, increased urbanization, industrial expansion, and growth in construction and infrastructure projects that require the use of aluminium. The steep rise in per capita consumption suggests a growing demand for aluminium products within the Chinese population, reflecting both changing consumer preferences and broader trends in the country’s industrial and economic landscape. This statistic highlights the importance of aluminium as a key material in modern society and underscores China’s increasing significance in global aluminium consumption.
The global Aluminum extrusions market size was valued at USD 145.10 billion in 2018.
The statistic informs us that the global Aluminum extrusions market was valued at USD 145.10 billion in 2018. This figure represents the total revenue generated by the sales of aluminum extruded products worldwide in the given year. The market size indicates the scale and significance of the aluminum extrusions industry on a global level. The value of USD 145.10 billion highlights the economic importance of this sector and suggests a substantial demand for aluminum extruded products across various industries such as construction, automotive, aerospace, and consumer goods. This statistic serves as a key indicator for stakeholders, policymakers, and investors to assess the overall health and growth potential of the aluminum extrusions market.
From 2000 to 2015, primary Aluminium smelter energy intensity decreased by an average of 0.7% each year.
The statistic stating that from 2000 to 2015, primary aluminium smelter energy intensity decreased by an average of 0.7% each year indicates a consistent and gradual improvement in the efficiency of energy usage within the aluminium smelting industry over that time period. A decreasing energy intensity implies that less energy input is needed to produce a unit of aluminium output, which is a positive trend for both environmental sustainability and cost-effectiveness. This statistic suggests that advancements in technology, operational practices, and possibly regulatory measures have been successful in promoting energy efficiency within primary aluminium smelting facilities, aligning with the broader global efforts towards energy conservation and reduction of carbon footprints in industrial processes.
The weight of passenger vehicles has been reduced by 15-20% by using Aluminium in place of steel, thus reducing gas consumption and carbon emissions.
The statistic that the weight of passenger vehicles has been reduced by 15-20% by using aluminium in place of steel implies a significant advancement in automotive engineering and technology. The shift to aluminium, which is a lighter material compared to steel, results in lower vehicle weight, leading to decreased gas consumption and reduced carbon emissions. This reduction has important implications for both environmental sustainability and energy efficiency in the transportation sector. By adopting aluminium in vehicle manufacturing, manufacturers are able to enhance fuel efficiency and contribute to minimizing the overall carbon footprint of passenger vehicles, thereby aligning with global efforts to combat climate change and promote a more sustainable future.
Conclusion
In conclusion, the statistics presented for the aluminium industry provide valuable insights into its current state and future prospects. With increasing demand for sustainable materials and advances in technology, the aluminium industry is poised for growth and innovation in the coming years. It is important for stakeholders to closely monitor these trends and adapt their strategies to stay competitive in this dynamic industry.
References
0. – https://www.www.aluminiumleader.com
1. – https://www.www.persistencemarketresearch.com
2. – https://www.www.energy.gov
3. – https://www.www.alcircle.com
4. – https://www.www.aluminum.org
5. – https://www.www.transparencymarketresearch.com
6. – https://www.www.statista.com
7. – https://www.www.imarcgroup.com
8. – https://www.www.grandviewresearch.com
9. – https://www.www.knoema.com
