ALUMINUM MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Increasing Usage in Construction Sector

The construction industry globally has been one of the major consumers of aluminum. Aluminum finds wide application in construction right from exterior to interior applications due to properties like corrosion resistance, lightweight, and easy formability. Curtain walls, window frames, doors, and roofing are commonly made using aluminum alloy sheets. Aluminum is also used significantly in making prefabricated modular construction where lightweight and strength are important factors.

Rising disposable incomes have been driving more investments in residential and commercial building development across major countries. The growth in infrastructure projects related to highways, metros, and airports has also augmented the demand. Moreover, tightening energy efficiency regulations are pushing builders to use more sustainable materials like aluminum which offers high insulation too. Aluminum does not require much maintenance and has longer service life than wood or Poly Vinyl Chloride alternatives.

Being non-combustible it is also gaining preference in high-rise building construction. Anthropic global warming has also made sustainability a top agenda and aluminum production emits much lower carbon than other metals. All these factors are contributing to higher aluminum consumption from the construction sector not just in developed countries but also emerging economies with their ambitious infrastructure development plans. Cities worldwide are expected to undergo major transformation and redevelopment in the coming decade which bodes well for aluminum demand from this end-use segment.