The alumina and aluminum
production and processing industry include establishments mainly involved in
alumina extraction primarily from bauxite ore, producing aluminum from alumina,
recovering aluminum from scrap or dross, refining aluminum by any process, alloying
purchased aluminum and rolling, drawing, casting, extruding and alloying
aluminum and aluminum-based alloy into primary forms such as bar, foil, pipe,
plate, rod, sheet, tube, wire.
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The global alumina and aluminium
production and processing market has been growing in the past years with a CAGR
of almost 1.5%. TBRC’s latest report show the historic and future trends in the
market for each year with sourced reasons to support the growth claims.
The report also shows the global
alumina and aluminium production and processing market to grow at a higher CAGR
by 2021 as compared to 2017, along with geographies best suited for investments
with highest return rate.
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report at:
Aluminum manufacturers are
producing customized aluminum alloys for automobile manufacturers to produce
light weight vehicles. The use of aluminum alloys in vehicles reduces carbon
emissions, increases fuel economy and improves overall stability as aluminum
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.cccxiv This increase in CAFE is being achieved by
increasing the aluminum content in the vehicle’s body to reduce its weight by
around 30%. In line with this trend, global automobile manufacturers are
increasing the aluminum content in their vehicles.
Companies included in the report
are Rio Tinto, United Co RUSAL PLC, Weiqiao/ Hongqiao Group, Alcoa, and Norsk
Hydro.
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