The global High Purity Aluminum Market size was USD 1.85 Billion in 2021 and is expected to register a revenue CAGR of 20.7% over the forecast period, according to the latest report by Reports and Data.
A rise in end-use industry investment in high-purity aluminium adoption due to the metal’s diverse applications is anticipated to fuel market revenue growth. By using aluminium plating as a surface finishing choice to enhance and protect the surface of other structural metals and composites, the performance of the material in the end-use environment can be improved.
The intermetallic coating made from pure aluminium can be heat-treated to have a working temperature range of up to 900°C and strong wear and abrasion resistance. Pure aluminium is being used more frequently in a variety of everyday items, including window frames, power lines, cars, and culinary utensils. The aviation sector has a significant need for pure aluminium as well.
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Top Leading Players: Norsk Hydro ASA, SHOWA DENKO K.K., Baotou Aluminum (Group) Co. Huomei Hongjun Aluminium & Electricity Co Ltd, Hebei Pengda New Material Technology Co. Ltd, RusAL, Sumitomo Corporation, Shandong Fuyang Bio-Tech Co., Ltd., Sasol, and Alpha HPA.
Further Key Finding from the Report Suggestion:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global High Purity Aluminum market is segmented into:
Type Outlook (Revenue, USD Billion; 2019-2030)
End-Use Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
Key Questions Addressed in the Report:
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