In recent years, with the development of the global economy and the progress of science and technology, aluminum industry is gradually becoming an important part of the global economic development.
According to the forecast of relevant institutions, the global aluminum market size will reach about $260 billion in 2021, the compound annual growth rate is expected to be about 4%.
Aluminum as a kind of light weight, corrosion resistance, easy to work and other characteristics of the metal, is widely used in automobile, construction, electronics and other fields. Among them, the automobile industry as the representative of aluminum products industry is experiencing rapid development, ushered in a historic opportunity.
With the continuous improvement of global environmental awareness, the automobile manufacturing industry is accelerating the transformation to the direction of lightweight, energy saving and low carbonization, and the application demand of aluminum products has gradually been widely concerned. Currently, the aluminum industry accounts for more than 40% of the world’s lightweight vehicles.
At the same time, China’s aluminium industry has become one of the world’s largest producers as its domestic car market has expanded rapidly. The perfection and maturity of aluminum industry chain provides a large number of high-quality aluminum products for the international market.
In addition, aluminum products in construction, electronics and other fields, the market demand is growing. Home decoration, household appliances, electronic products and other aspects, a large number of aluminum and aluminum products. Because of its light quality, wear-resistant and low price, aluminum products attract a large number of consumers.
Overall, the development prospects of aluminum market are very promising. As the global economy enters a new period of rapid development, Chinalco will also play a more important role in the international market. With the continuous progress of science and technology and the continuous improvement of product quality, aluminum industry is bound to usher in better development opportunities.
Post time: Apr-28-2023