REPORT DESCRIPTION
Global Aluminum Mining Market : Overview
The extensive use of aluminum in multifarious applications over several industries is likely to bolster growth of the global aluminum mining market .
The report discusses the major developments , restraints , growth drivers , and opportunities in the global aluminum mining market . The major market players have been discussed in detail , wherein their key market strategies , product portfolios , and market shares are revealed . The report also sheds light on value chain analysis , market attractiveness , market forecasts , Porter ’ s five force analysis , and competitive landscape .
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Global Aluminum Mining Market : Drivers and Restraints
The robust advancement of the automotive industry is one of the key growth drivers of this market , as automotive industry appears to partake a major share of the production of this metal . The prominent properties of aluminum such as high density , resistance to corrosion , and light weight will also prove to be beneficial to market growth , as these enable aluminum to be extensively used in a plethora of applications . The food and beverage industry and the packaging sector are two significant applications of aluminum , as using aluminum for packing food does not pose any potential hazards to health . Cans , foils , bottle tops , and tubes are some examples of packing applications .
The global aluminum mining market is expected to soar on account of its widespread use in the transportation sector . Since aluminum has about 63 % of electrical conductivity , and half of its density , it makes for an ideal substitute for copper . Therefore , aluminum is used in transmission lines and electric cables on a large scale , which is likely to increase its demand . The construction industry too needs aluminum for building window and door frames , roofing , and cladding . Aluminum has also finds application in modern and lightweight furniture . Utensils such as pans , plates , pressure cookers , canisters , tiffin boxes , baskets , trays , and buckets are also made from aluminum .