Press release -
Global aluminum profile market currently dominated by China
The global aluminum profile market is currently dominated by China, a region which represents the world's largest aluminum profile producer and consumer.
Aluminum profile is a type of aluminum extrusion material, seen from the product output structure, it accounts for nearly 50% of aluminum processing materials.
During the period 2001-2008, China's aluminum profile production grew at a compound annual growth rate (CAGR) of 25.16%, towering over the national economic growth rate of the corresponding period.
In 2011, production and consumption levels reached approximately 11.5 million tons and 10.8 million tons, up 15% and 11.3% year-on-year respectively.
China accounts for approximately 40% of global aluminum consumption. However, aluminum consumption per capita in China still remains at a low level.
As matters stand, aluminum consumption per capita is about 10 kg in China, while in the US, Japan and Germany it has reached 35kg, 33kg and 32.5kg respectively. This means there is still great space for aluminum consumption growth in China in the long run.
There are a number of aluminum profile manufacturers in China, but most of them are small-scale enterprises, presenting a low degree of industrial concentration and regionalization trend. Except Tibet and Hainan Province, the remaining provinces all have aluminum profile producers, but the enterprises are mainly located in Guangdong, Jiangsu, Zhejiang, Shandong and Liaoning. South China is the largest net aluminum profile output area, while North China is the largest net input area.
Major manufacturers include Aluminum Corporation of China (CHINALCO), China Zhongwang Holdings Limited, Shandong Nanshan Aluminum Co., Ltd., Zhejiang Dongliang New Material Co., Ltd., Guangdong Xingfa Aluminium Co., Ltd., Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd., Jilin Liyuan Aluminium Group Co., Ltd, Suzhou Lopsking Aluminum Co., Ltd. and Fujian Minfa Aluminum INC.
China Zhongwang Holdings Limited is the world's third largest, and Asia and China's largest developer and manufacturer of industrial aluminum profile committed to the lightweight-oriented development of the transportation field. In the first half of 2012, its sales volume of industrial profile and architectural profile reached 270,066 tons and 16,044 tons, respectively.
With regards to the application field, the construction industry is still the largest user of aluminum profiles, accounting for more than 63% of the total consumption in 2009. The transportation, equipment & mechanical equipment manufacturing and consumer durable industries accounted for approximately 10%, 10% and 12% of the aluminum profile application in China.
For more information on the global aluminum profile market, see the latest research: Global Aluminum Profile Market
Follow us on Twitter @CandMResearch
Topics
- Business enterprise
Categories
- global aluminum profile market
- global aluminum profile industry
Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.