Why Buy AlCircle’s Report on “Global Aluminium Industry Outlook 2021”?
The year 2021 stands as a year of hope and aspiration for the aluminium metal industry after it’s been through a malaise last year caused by the unprecedented COVID-19 outbreak. So, in the recently-published report - “Global Aluminium Industry Outlook 2021”, AlCircle has made an attempt to share its in-depth analysis and projection into the shaping of aluminium industry in 2021, while speculating earlier investments, policy changes, and price trend.
The global aluminium usage is estimated to have declined by 4.1% to 84.5 million tonnes in 2020 amid production surge to over 65 million tonnes and increased inventories leading to supply-demand gap. However, China has managed to strengthen up its economy and aluminium usage, which is estimated to have expanded although marginally.
AlCircle forecasts the demand for aluminium to rise briskly at around 7.5% during 2021 riding on the back of a high growth rate in China and a rebound in other major markets across the world. The demand for the metal is expected to move past the 90 million mark with improvements in global mobility and the release of pent-up demand as the year progresses.
The primary focus of the report is to touch upon the significant developments of this ongoing year vertical wise, in a bid to analyse how every vertical influence each other’s growth or counter-growth.
On the upstream front, aluminium produced through renewable energy sources is expected to gain much more importance this year and ahead. The aluminium industry has already geared up to fabricate low carbon aluminium/green aluminium and innovate new technologies and alloys to bolster its position as the most sustainable metal in the world.
On the end-user front, usage of aluminium is expected to resume to normal levels during 2021 as operations resume across various end-user sectors.
Here are a few more pointers below that give you clearer idea of the content of the report –
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