PRZOOM - /newswire/ -
Noida, Uttar Pradesh, India, 2010/05/21 - Low-cost hydroelectric power availability along with favorable government policies will drive aluminium production to grow at over 11.2% CAGR during 2010-2012, predicts RNCOS.
According to our latest research report “European Aluminium Market Analysis”, Russia, being one of the largest exporters of primary aluminium, has seen continuous increase in the production level amid surging domestic and international demand. High energy prices in Western Europe have left aluminium companies with no other option but to shift to low cost countries such as Russia where labor and energy are available at lower cost. Our research further indicates that the primary aluminium production in Russia will continue to post around 11.2% CAGR during 2010-2012, backed by various prevailing trends discussed and evaluated in the report.
The worldwide recession heavily affected the two major aluminium consumers – automobile and construction sectors. This led aluminium industry to face downturn and the situation is likely to continue until mid-2010. A steep rebound in the industry is expected by the end of 2010 on the back of government support, improving macroeconomic environment and gaining consumer confidence.
Apart from Russia, many other European countries are also showing strong market performance in both aluminium production and consumption. For instance, Germany, France, UK, etc. have shown notable resilience against global economic slowdown. We further anticipate that the aluminium industry in these countries will orchestrate considerable developments during our forecast period.
“European Aluminium Market Analysis” is an outcome of extensive research and thorough analysis on the burgeoning aluminium industry in Europe and its components. The report also discusses the market structure, current and past market performance and factors critical to the success of the aluminium industry on the regional front. We have also identified all the key players in the Competitor Analysis section of the report. The section talks about the business profile and strategic moves of the leading players operating in the sector.
Most importantly, the report provides industry forecast based on correlation of past drivers, challenges and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the European aluminium industry that will prove decisive for clients.
RNCOS (RNCOS.com), incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.