The Value of the Aluminum industry in India, attained a value of USD 6,634.43 Million in 2020
The indicator recorded a historical growth by a CAGR of 0.35% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the indicator to decline at a CAGR of ...
Market Value of Aluminum industry in India, 2017 - 2024 (USD Million)
The Indian metals and mining industry has experienced strong growth in recent years. Despite a significant drop in value during 2015, prolific growth since 2016 has helped the market make a powerful recovery. Strong growth is anticipated throughout the forecast with a possible drop in value during 2020 depending on trends in raw material prices on the world market. India had a significant share in the Asia-Pacific metals and mining industry in 2018 making it the second largest in the region after China.
The global aluminum industry saw a decline in 2020 after the COVID-19 pandemic led to plummeting prices initially. This also followed a year of stronger decline in 2019 caused by a flat year for production volume and falling prices. In the forecast period a return to growth is expected as prices have risen steadily since the initial months of the pandemic.
The impact of the COVID-19 pandemic has been keenly felt on the aluminum industry in 2020. Demand from numerous buyer markets, not to mention general financial turmoil around the world, has slowed growth. Aluminum has been particularly badly affected due to the importance of the automotive manufacturing industry as a key buyer market.
The aluminum industry consists of primary aluminum (made from alumina) only, secondary aluminum (made by the recycling of scrap aluminum) is excluded. Industry volume is defined as the quantity of primary aluminum produced at sites within each country or geographical region. Industry value is calculated as the production volume multiplied by annual average manufacturer selling price, regardless of whether the production is sold to third parties or used in-house.
Global aluminum industry geography segmentation
Asia-pacific accounts for major percentage of the global aluminum industry value.
Europe, Middle East, United States are the other notable countries involved in aluminum industry.
Tata Steel Ltd (Tata Steel) is a diversified and integrated steel company. It has operations across the end-to-end value chain that extends from mining to finished steel goods. The company offers flat products, construction products, agricultural implements and bearings. It serves various market segments, including construction, automotive, general engineering, industrial, and agriculture. It also operates captive iron ore mines and collieries at sites around Jamshedpur and Kalinganagar in India. The company also has presence in various value-adding downstream businesses. It operates major production facilities in India, the UK, the Netherlands, Thailand, Singapore, China and Australia. Tata Steel is headquartered in Mumbai, Maharashtra, India.
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