April 17, 2024 04:10 ET | Source: Research and Markets Research and Markets
Dublin, April 17, 2024 (GLOBE NEWSWIRE) -- The "Alumina - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering. Mbbr Media
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Recent insights into the alumina industry reveal a trajectory of growth for the global alumina market. Current valuations place the market at US$45.7 Billion as of the year 2023. Forecasts for the industry show an optimistic outlook, with expectations of growth to a revised size of US$61.1 Billion by 2030. This represents a steady Compound Annual Growth Rate (CAGR) of 3.7% over the seven-year analysis period. Segment Spotlight The Alumina Smelter segment is positioned for a robust growth course within the overall market. Analysts project this segment will experience a 3.8% CAGR, culminating in a US$52.7 Billion valuation by the end of the analysis period in 2030. The Chemical segment is not far behind, with anticipated growth at an estimated 2.7% CAGR across the next eight years. Geographic Market Dynamics The United States alumina market is robust, valued at US$12.4 Billion in 2023. In parallel, China - as the world's second-largest economy - is on course for a significant upward trajectory. Expectations suggest China's market will grow at a laudable 6.2% CAGR from 2023 to 2030, potentially reaching US$12.8 Billion. Other regions including Japan and Canada are also projected to experience substantial growth at 1.9% and 3.1% CAGR respectively within the same period. Europe's growth is forecasted with Germany expected to see approximately a 2.4% CAGR.
Report Highlights The industry's growth is supported by comprehensive market research, offering innovative features for in-depth understanding and strategic planning. Notable highlights include access to a collaborative research platform and engagement tools designed to distill domain knowledge in an integrated manner. Additionally, a dedicated focus on peer collaboration platforms encourages a cross-enterprise exchange of strategic insights. Clients will benefit from complimentary updates for one year, encompassing competitor coverage and market share analysis of major players in the field. Analytic tools including player market presence analysis across various geographies will aid in strategic decision-making. Future Economic Landscape The economic horizon of 2024 appears to be sprinkled with challenges and opportunities. Concerns of geopolitical tension, monetary policy tightening, and climate-related disasters are set against the backdrop of potential positive developments, including signs of disinflation, supply chain normalization, and energy cost volatility. Market participants are encouraged to remain agile, with a strategic focus on leveraging volatility and ensuring robust investment decisions. The selection of competitors features 76 impressive entities, including key industry leaders like Alcoa Corporation, Alumina Limited, and Rio Tinto Alcan, Inc. These formidable players contribute significantly to the global market landscape and continue to shape the dynamics of the alumina industry. As the global alumina market charts its course toward 2030, the outlook suggests a healthy growth period driven by innovation, strategic investments, and adaptive business strategies. Stakeholders across the value chain are assumed to be making preparations to capitalize on what appears to be a period of sustained market expansion. Key Attributes:
Key Topics Covered: MARKET OVERVIEW
FOCUS ON SELECT PLAYERS (Total 76 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/rw14t7
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