{"id":782,"date":"2024-03-15T09:48:09","date_gmt":"2024-03-15T09:48:09","guid":{"rendered":"https:\/\/www.costmasters.in\/blog\/?p=782"},"modified":"2024-07-29T15:04:38","modified_gmt":"2024-07-29T15:04:38","slug":"aluminium-consumption-and-trends-in-the-world","status":"publish","type":"post","link":"https:\/\/www.costmasters.in\/blog\/aluminium-consumption-and-trends-in-the-world\/","title":{"rendered":"Aluminium Consumption and Trends in the World"},"content":{"rendered":"\"Aluminium

Transportation sector<\/strong> account for the majority of aluminium use in world. South Korea has highest per capita aluminium consumption in the world with 46.7 kg of aluminium per person<\/strong>. The Germany is second largest consumer in the world having 29.9 kg<\/strong> of aluminium per person.<\/strong><\/p>\n

The aluminium having very less density with respect to steel which make it very useful to manufacturing the lightweight vehicles and lightweight industrial application.<\/p>\n

India’s aluminium per capita consumption is significantly lower than that of countries like China, with India consuming only 2.5 kg per person. However, as India’s infrastructure development accelerates, its aluminium per capita consumption is expected to increase, potentially impacting aluminium prices in India.<\/p>\n

\"Aluminium<\/p>\n

Aluminium Industry in India<\/strong><\/h2>\n

Domestic production of aluminium in India can be track way back to 1930s when in Alupuram, Kerala the first aluminium smelter was established. After India’s independence the establishment of Hindustan Aluminium Corporation (Hindustan Aluminium, or Hindalco) in 1962 marked a significant milestone.<\/p>\n

India is currently the second-largest producer of aluminium in the world, producing more than 3.5 million metric tons annually. This industry has an extensive network of smelters, refineries, and downstream manufacturing operations which have a significant role in domestic and foreign business.<\/p>\n

Production of Aluminium in India (MMT)<\/strong><\/h2>\n

\"Production<\/p>\n

The production of aluminium<\/strong><\/a> has increased in India with the technical developments have also contributed their role in this growth. Innovative aluminium alloys and production techniques are being developed at the vanguard by Indian enterprises, who serve a broad range of applications, from consumer goods and packaging to building and transportation.<\/p>\n

Consumption of Aluminium in India (MMT)<\/strong><\/h2>\n

\"Consumption<\/p>\n

India’s aluminium consumption is growing rapidly, driven by urbanization, infrastructure development, and increasing demand from various industries. The country has vast potential for further growth in aluminium consumption due to its low per capita consumption compared to developed countries.<\/p>\n

The Consumption in India has been raised from 3 MMT<\/strong> in FY17<\/strong> to 5.6 MMT<\/strong> in FY 21<\/strong> and projected to growth to 7.2 MMT<\/strong> in FY 26 <\/strong>this growth is bossed due to the Indian government \u2018s initiatives to promote aluminium consumption, including developing a National Aluminium Policy, supporting aluminium production, and promoting aluminium usage in infrastructure. Increased consumption in India will affect aluminium prices<\/strong><\/a> in long timeframe.<\/p>\n

Choose CostMasters for Raw Material Price Tracking Services<\/strong><\/h2>\n

Why choose CostMasters for raw material price tracking services? With over 900 trusted clients, including industry giants like Schneider, Maruti Suzuki, Swaraj, Toyota Kirloskar, JCB, Tech Mahindra, and Honda, we have provided our services to more than 900 renowned companies. CostMasters tracks over 190 commodities, including aluminium, copper, rubber, steel, zinc, and more. Our commodity tracking services start at Rs. 28,000. Contact us today to discuss how CostMasters can assist you.<\/p>","protected":false},"excerpt":{"rendered":"

Discover the Global Landscape of Aluminium Consumption: Uncover trends, insights, and key drivers shaping the world’s consumption patterns of this versatile metal. Stay informed and gain a competitive edge in the dynamic aluminium market.<\/p>\n","protected":false},"author":1,"featured_media":1127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[74,70,73],"class_list":["post-782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-raw-material-reports","tag-aluminium-consumption","tag-aluminium-consumption-in-the-world","tag-aluminium-poduction"],"yoast_head":"\nAluminium Consumption and Trends in the World<\/title>\n<meta name=\"description\" content=\"Discover the Global Landscape of Aluminium Consumption: Uncover trends, insights, and key drivers shaping the world's consumption patterns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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