Aug 24, 2011 (M2 PRESSWIRE via COMTEX) -- According to our new research report, "European Aluminum Market Analysis", Europe has emerged as one of the world's largest manufacturing base for the aluminum industry owing to large production capacities across the European countries. In the past few years, Europe remained the second major producer of primary aluminum and its production is also increasing. However, the performance of European aluminum industry is highly dependent on various industrial sectors, particularly transportation, construction, and packaging.
As per our research report, Russia accounts for the major primary aluminum production in the total European primary aluminum production. The primary aluminum production in Russia is expected to witness a rising trend in the coming years also. Moreover, the major players like Rusal are expanding their production base in the country leading to increase in the primary aluminum production capacity. The country's primary aluminum production is anticipated to grow at a CAGR of around 4.3% during 2011-2013.
Apart from Russia, our report covers the other major aluminum producing countries including Germany, Italy, France, Norway, Netherlands, Iceland, Romania, and the UK. Our research also revealed that the industry is presently recovering from the downturn on account of the global recession that has taken a toll on two important aluminum consumers - automobile and construction industry. The current situation is expected to improve in the coming years with increasing demand for aluminum in the global environment. Strong demand from the automobile and packaging sectors has resulted in high aluminum consumption and encouraged major aluminum smelters to increase their production levels. In addition, transport and building & construction sectors are expected to become significant aluminum consumers in the coming years.
Our report, "European Aluminum Market Analysis", provides an exhaustive research and rational analysis of the European aluminum industry and its various segments like primary and secondary aluminum production, and consumption. The report contains information about changing dynamics of the aluminum industry in key European countries, with focus on present and future market trends to provide all around market intelligence to clients. It also studies forces that have been supporting growth in the aluminum industry along with strategic insight into the functional areas of key players.