Aluminium
manufacturers are producing customized aluminium alloys for automobile
manufacturers to produce light weigh vehicles. The use of aluminium alloys in
vehicles reduces carbon emissions, increases fuel economy and improves overall
stability as aluminium alloys considerably reduces vehicle body weight. This is
primarily driven by stringent emission regulations and growing pressure to
improve economy by many national and state governments. For instance, the US
government’s federal emission standards, makes it mandatory for automobile
manufacturers to increase corporate average fuel economy (CAFE) from 35.5 miles
per gallon (mpg) in 2016 to 54.5 mpg by 2025. This increase in CAFE is being
achieved by increasing the aluminium content in the vehicle’s body to reduce
its weight by around 30%. In line with this trend, global automobile
manufacturers are increasing the aluminium content in their vehicles.
THE BUSINESS RESEARCH COMPANY EXPECTS THE ALUMINA AND
ALUMINUM PRODUCTION AND PROCESSING MARKET TO GROW TO $297
BILLION BY 2021
Asia
Pacific was the largest region in the alumina and aluminium production and
processing market in 2017, accounting for more than half of the market share.
This was mainly due to increasing demand from emerging markets development of
new end-use markets and increased usage of aluminium in light vehicle
manufacturing.
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According to The
Business Research Company’s Consultant, Nitin Gianchandani, aluminium production costs have been declining due to implementation of
cheaper and high efficient technologies that increase productivity and reduce
power consumption. The implementation was either through replacement of high
cost old technologies in older plants or the creation of new plants using
modern cost saving technologies. Also, carbon anodes which represent a
significant cost factor in aluminium production are made of petroleum coke and
since oil prices declined significantly in recent years the price of carbon
anode has also decreased significantly, thus leading to lower product costs.
For instance, production cost of aluminium declined from $2019 per million ton
in 2011 to $1750 per million ton in 2015. Thus, implementation of high
efficient technologies coupled with low oil prices led to decline in aluminium
production costs.
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Rio Tinto was
the largest player in the alumina and aluminium
production and processing market, with revenues of $9.3
billion in 2017. Rio Tinto company’s
growth strategies aim at focusing on its high returning growth projects,
including the Am run bauxite project, an aluminium development project. It
expects to invest around US$5.0 billion in capital expenditure during 2017.
The alumina and
aluminium production and processing industry includes establishments mainly
involved in alumina extraction primarily from bauxite ore, producing aluminium
from alumina, recovering aluminium from scrap or dross, refining aluminium by
any process, alloying purchased aluminium and rolling, drawing, casting, extruding
and alloying aluminium and aluminium-based alloy into primary forms such as
bar, foil, pipe, plate, rod, sheet, tube, wire.
Alumina
And Aluminium Production And Processing Global Market Report 2018 is
a detailed report giving a unique insight into this market. The report is
priced at $4000 for an individual user. To use across your office, the price is
$6000 and $8000 if you wish to use across a multinational company.
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