Needless to say that the Covid-19 pandemic and the ensuing lockdowns resulted in a major setback for the aluminium industry across the world in the last fiscal year. India was no exception but to witness slow business and industry activities, both in Q1 and Q2 of FY2020-21. According to the market data, domestic aluminium consumption declined by about 15%, with downstream products import shrank by almost 19 per cent throughout the year. Amid this impeding market condition, it is of an utmost importance to analyse the future trend of the industry in order to plan for growth, expansion and investment accordingly.Outlook for the Indian Aluminium Industry - In-Depth Industry Analysis & Forecast to 2026-27
With such an objectivethe publisher has brought to you a new report on “Outlook for the Indian Aluminium Industry - In-depth industry analysis & forecast to 2026-27”. The research has estimated that aluminium usage in India is likely to grow at a CAGR of 6.7% over the next five years to reach 4.84 million tonnes by 2026-27. Electrical and electronics is expected to dominate the market by consuming around 1.69 million tonnes of the metal by the said year. The usage of aluminium by the transportation sector is set to grow at about 7.2% per annum to reach 1.37 million tonnes by 2026-27.
This new report of has not only cumulated the broad overview of the potential market trend in the next five years but has also evaluated the in-depth course of the industry vertical wise. The reported has offered strategic information to planners and decision makers enabling them to explore investment opportunities in the country.
The objectives of this report include:
- To provide a consolidated overview of the qualitative and quantitative dimensions of the Indian aluminium downstream products market
- To discuss recent trends in the end use sectors and its impact on the downstream products
- To present market estimates and forecasts by aluminium downstream products and by end-use sectors for the period 2021-22 to 2026-27
- To analyse the trends in export and import of aluminium products
- Primary aluminium production, 2015-16 to 2020-21 (000 tonnes)
- Import/Export of primary aluminium, 2015-16 to 2020-21
- Forecast of aluminium FRP usage 2021-22 to 2026-27 (000 tonnes)
- Forecast of aluminium FRP* usage by end use 2021-22 to 2026-27 (000 tonnes)
- Aluminium FRP usage & forecast in the packaging sector, transportation sector, building & construction sector, and electrical and electronics sector, 2021-22 to 2026-27 (000 tonnes)
- Import/Export of aluminium FRP, 2016-17 to 2020-21
- Forecast of aluminium extrusions usage by end use 2021-22 to 2026-27 (000 tonnes)
- Forecast of aluminium wire rod usage, 2021-22 to 2026-27 (000 tonnes)
- Aluminium castings usage & forecast by end use, 2021-22 to 2026-27 (000 tonnes)
- Forecast of aluminium foil usage 2021-22 to 2026-27 (000 tonnes)
