However, the presence of alternatives such as plastic and glass in the packaging industry might pose a threat to market expansion.
Global Aluminum Mining Market: Regional Outlook
On the basis of geography, the global aluminum mining market can be segmented into Asia Pacific, North America, Europe, and Rest of the World( RoW). Africa, Australia, South America, and the Caribbean are some of the major areas where aluminum is mined. Europe is slated to experience marginal growth.
Asia Pacific will emerge with substantial opportunities on account of large scale construction projects, the construction of smart cities, and high rate of urbanization in the countries of this region. China, in particular, will be responsible for a major share in terms of demand in the Asia Pacific aluminum mining market due to its trade surplus of aluminum. The flourishing automotive industry in emerging economies such as Japan and India are slated to display considerable growth in demand as motor vehicles deploy aluminum parts.
The booming manufacturing industry of India is likely to boost the growth of the aluminum mining market. The extensive opportunities presented by this region can be attributed to the continuous production of items made from aluminum. These include ladders, utensils, containers, perforated sheets, rods, bars, handles, and even wallets for carrying cards.
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Companies Mentioned in the Report
Some of the major companies operating in the global market for aluminum mining are Norsk Hydro ASA, Century Aluminum, Dubai Aluminium Ltd., United Company RUSAL PLC, Rio Tinto Group, Alcoa Inc., Mitsubishi Aluminum Co., BHP Billiton, Alcan Inc, Aluminium Bahrain B. S. C., Tata Steel Europe Ltd., and Chalco Company.
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