Aluminum Procurement Intelligence
The aluminum category is anticipated to grow at a CAGR of 5.8% from 2023 to 2030.
The Asia Pacific region accounted for the majority of the overall share in 2022. The rising shift towards electric vehicles and the increasing demand from end-use industries such as automotive, and construction are driving the category growth. One of the major developments is the rise in the use of inert anode technology in the smelting process to reduce CO2 emissions.
Order your copy of the Aluminum category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Aluminum Procurement Intelligence Report Scope
The aluminum category is expected to have pricing growth outlook of 3-6% from 2023 to 2030, with below pricing models.
- Volume-based pricing model
- spot pricing model
Supplier Selection Scope of Report
- Cost and pricing
- Past engagements
- Productivity
- Geographical presence
Supplier selection criteria of Report
- Production capacity
- Type of process (casting, extrusion, forging, others)
- Product type (plate/sheet)
- Source type (alumina/ bauxite)
- Technical specifications
- Operational capabilities
- Regulatory standards and mandates
- Category innovations
- Others
Aluminum Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Aluminum Procurement Cost and Supplier Intelligence
Raw materials, production processes, labor, and equipment form the largest cost components of this category. Other key costs include quality control and testing, shipping, and overheads. Bauxite is the main source of the product. China and Australia are the major bauxite-producing countries that produced 74,000 and 21,000 kilotons respectively in 2021. Bauxite prices have been on an upward trend in recent months due to increased demand from industry. The average price of bauxite is between USD 150 -500 per ton.
Companies are focusing on plant expansions to increase their production capacity and product availability. For instance, in August 2022, Alcoa Corporation increased casting capabilities in North America through investment in Canadian plants. Similarly, companies are also partnering with other companies to supply aluminum parts. In February 2023, Rio Tinto partnered with BMW Group for supplying premium aluminum car parts.
List of Key Suppliers
- Rusal
- Rio Tinto
- Alcoa
- Aluminum Corporation of China
- Emirates Global Aluminum
- China Hongqiao Group Limited
- China Power Investment Corporation
- Vedanta Aluminum
- NALCO
- South32
- Hindalco
Add-on Services provided by Grand View Research Pipeline:
- Should Cost Analysis
Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
- Rate Benchmarking
Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
- Salary Benchmarking
Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
- Supplier Newsletter
A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
Browse through Grand View Research’s collection of procurement intelligence studies:
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Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions