India aluminium market is expected
to grow at a formidable CAGR of around 10% during the forecast period. Increasing
infrastructural development and automotive production are the key factors
driving the market. Additionally, widespread applications of aluminium owing to
its cost effectiveness, superior weight to strength ratio, corrosion
resistance, formability, dampness, among others are expected to give boost to
the market in the country.
The India aluminium market is
segmented based on type, application, processing
method, region and company. Based on type, the market can be fragmented into rolled
products, extruded products, bus wire and wire rods. The rolled products type
is expected to hold a significant market share during forecast period. This can
be accredited to the fact that rolled products are the prime source of all
other products such as building sheets, closure stock, fin stock, foil stock,
litho stock, hot rolled plates, among others. Additionally, rolled products
find widespread application in multitude of industrial segments. Based on
application, the market can be categorized into transport, building &
construction, electrical engineering; consumer goods, foil & packaging, machinery
& equipment and others. The foil & packaging segment is expected to
dominate the market on account of its properties such as strength, lightness,
corrosion resistance, recyclability and formability, ductility, among others.
Based on processing method, the market can be segmented into flat rolled,
castings, extrusions, forgings, pigments & powder and rod & bar. The
extrusions segment is expected to dominate the market owing to the increasing
commercialization in the country.
The major players operating in India
aluminium market are Bharat Aluminium Company Ltd., Hindalco
Industries Ltd, National Aluminium Company Limited, JINDAL ALUMINIUM Ltd, MALCO
(Vedanta Aluminium Co. Ltd.), Gujarat Foils Limited, Alcoa India Pvt Ltd. and others.
Major companies are developing advanced technologies and launching new products
in order to stay competitive in the market. Other competitive strategies
include mergers & acquisitions and new product developments. For
instance, in 26 July 2018, Hindalco announced to acquire Aleris
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyze and forecast the market size of India aluminium market.
- To classify and forecast India aluminium market based on type,
application, processing method, company and regional distribution.
- To identify drivers and challenges for India aluminium market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in India aluminium market.
- To conduct pricing analysis for India aluminium market.
- To identify and analyze the profile of leading players operating in
India aluminium market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers across the country. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufacturers which could not be identified
due to the limitations of secondary research. TechSci Research analyzed the
manufacturers, distribution channels and presence of all major players across
Research calculated the market size of India aluminium market by using a bottom-up approach, wherein data for various end-user segments
was recorded and forecast for the future years. TechSci Research sourced these
values from the industry experts and company representatives and externally
validated through analyzing historical data of these product types and
applications for getting an appropriate, overall market size. Various secondary
sources such as company websites, news articles, press releases, company annual
reports, investor presentations and financial reports were also studied by
Key Target Audience:
- Aluminium manufacturers and suppliers
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
In this report, India aluminium market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, By Type:
- Rolled Products
- Bus Wire
- Market, By Application:
- Market, By Processing Method:
Company Profiles: Detailed analysis of the major
companies present in India aluminium market.
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]
- Detailed analysis and profiling of
additional market players (up to five).