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Changeover Times for China - Urbanization to keep Aluminium Demand Strong
Nov 19, 2008
Aluminium demand in China has risen very strongly in recent years on the back of rapid economic growth, growing urbanization, improving domestic infrastructure and industrialization, ensuring that China will remain the world’s biggest consumer of the light metal, says our new research report “China Aluminium Market Analysis”. The Chinese aluminium industry is anticipated to grow by 12.5% during 2008-2018, while the global aluminium industry will grow by 7% only during the same period.
According to the report, rapid urbanization in China during 1990-2006 played a key role in raising the demand for aluminium. In fact, it was one of the most remarkable transformations witnessed by the Chinese society. In 2003, China had eleven cities with total population of more than four million, 22 with two to four million residents and 141 with one to two million people, which meant a total of 174 cities with population of at least one million. Moreover, at the end of 2006, China’s total population climbed to 1.3 Billion of which 737 Million (56%) people were residing in rural areas and 577 Million (44%) in urban areas.
Thus, investment in building cities to provide homes to fast expanding urban populace and infrastructure has been the major factor pushing this stupendous growth in metal demand in China.
However, the Chinese aluminium industry is largely fragmented with a large number of small- and medium-sized companies, but the number of players plunged by over 40% in the last four years (2003-2007), says our report. Thus, industry consolidation is an opportunity for big players to achieve the economies of scale in the Chinese aluminium industry.
“China Aluminium Market Analysis” is a comprehensive report containing rational analysis and statistical data on the past and current market trends. It discusses the impact of Chinese aluminium industry on the global aluminium industry and identifies evolving markets and growth prospects.
The report comprehensively studies the market to evaluate its future direction. However, the forecast provided in the report is meant to give a rough guide to the future direction of the industry and does not follow a complex economic model.
For more information visit: http://www.rncos.com/Report/IM139.htm
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