Noida, India (PressExposure) August 01, 2011 -- According to our new research report, "European Aluminium Market Analysis", Europe has emerged as one of the world's largest manufacturing base for the aluminium industry owing to large production capacities across the European countries. In 2010, Europe remained the second major producer of primary aluminium and its production is also increasing. Moreover, the Europe primary aluminium production is anticipated to grow at a CAGR of around 8% during 2011-2013.
As per our research report, majority of the producer are looking towards Eastern European countries for setting up their manufacturing base due to low cost of production and availability of cheap labor. Recovery in production of primary aluminium has helped the aluminium industry in Europe to remain upbeat. In 2010, primary aluminium production grew around 7% while secondary aluminium production registered a 4.5% year-on-year growth. Strong demand from the automobile and packaging sectors has resulted in high aluminium consumption and encouraged major aluminium smelters to increase their production levels. In addition, transport and building & construction sectors are expected to become the significant aluminium consumers in the coming years.
Our report also covers in-depth analysis of major aluminium producing countries like Russia, Germany, Italy, France, Norway, Netherlands, Iceland, Romania, and the UK. Our study revealed that the industry is presently recovering from the downturn on account of the global recession that has taken a toll on two important aluminium consumers - automobile and construction industry. The current situation is expected to improve in the coming years with increasing demand for aluminium in the global environment.
Our report, "European Aluminium Market Analysis", provides an exhaustive research and rational analysis of the European aluminium industry and its various segments like primary and secondary aluminium production, and consumption.
Besides, the report also covers information on market drivers, industrial developments, alliances and acquisitions, and competitive landscape to enable key players understand the market structure and its progress in coming years.
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