Industry Analysis & Industry Trends
Revenue for the Aluminum Smelting industry in China has been growing at an average annualized rate of 7.7% between 2010 and 2015 to $84.5 billion. As a basic metal, aluminum has a wide variety of applications within the Building Construction (IBISWorld industry report 4710), Automobile Manufacturing (3721), Power Grid Construction (4725), and packaging material industries. These downstream industries are strongly promoted by China's booming economy and rising urbanization.
With increasing downstream demand for aluminum products over the past three decades, aluminum-related industries developed rapidly, expanding output capacity as product prices appreciate. Alumina output, the major material for primary aluminum, has increased from 3.3 million tons in 1998 to 51.3.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Between 2010 and 2020, industry value-added is expected to increase at an annualized rate of 6.1%; meanwhile annualized GDP growth is estimated at 6.5% in the same period. Benefiting from rapidly increasing revenue, value-added within the industry increased at very high rates during 2006 and 2007, with a major increase in 2010. However, large declines in 2008 and 2009 were the result of declining industry prices and output and rising power costs. Industry value-added is forecast to increase at a steady rate between 2015 and 2020 as demand recovers and manufacturers take measures to control costs. This may result in the industry entering a new growth phase... purchase to read more