The Global Aluminium Market Outlook to 2027£1,695.00
China which is the key player in the aluminium market has been slashing its aluminium capacity to help stabilise the market as well as reduce pollution. It is estimated that China will cut around 3-4 million tonnes of aluminium capacity this year. This may result in tighter market balance for some time and increase prices. The current price surge is more driven by non-market forces, though a downward price correction is expected due to weak demand and overproduction. We expect that China’s capacity closures will help in better market fundamentals in the short term. However, once the environmental compliance procedure completed, the new and cost efficient supply growth will substantially increase, which may impact the global aluminium market.
The current US administration understands the Chinese origin materials as a significant threat to its industry and is planning to limit it through tariff and other trade barriers arguing to protect its domestic industry and create jobs. However, we expect that this will likely to impact the automotive sector in the US and will result in higher production costs. Aluminium is not the exception, and other materials such as steel have also been the target of rising trade barriers. If these proposals materialised then, it would result in a global trade war.
The global aluminium demand is still weak but will show some strength over the next ten years. The automotive sector has remained the key driver behind the growth. Most OEMs and auto body producers are located in developed markets so consequently the automotive sector dominates aluminium market in these markets. The usage of aluminium in the automotive sector is growing as aluminium is lighter than steel which makes it more ideal for vehicles. Light vehicles improve fuel efficiency, reduce carbon dioxide emission and are environment-friendly. The current wave of substituting steel with aluminium is mainly supported by the EU emissions scheme and the Corporate Average Fuel Economy (CAFE) regulation in the US.
Global Steel Sheet Products Market 2017-2022
It is a difficult time for steel producers as they have been struggling to improve their margins and defending their market share. Protectionism is also on the rise as manufacturers, particularly in matured markets in Europe and North America, are facing fierce competition from cheap imports from elsewhere. Antidumping trade cases and Section 232 investigation are some of the latest measures the affected markets have taken to protect their industries. For instance, the USA has more than 190 tariffs, new laws and a federal investigation on imported steel and the EU has 39 antidumping or anti subsidy measures on steel, with 17 against China.
Despite high marginal costs and low capacity utilisation in most markets, millions tonnes of sheet capacities are still coming online every year globally, further worsening the market conditions. The demand-side story is not much different; automotive producers are opting for alternative materials such as aluminium and carbon composites to keep the costs and body-in-white down. Lacklustre mining and construction markets to some extent have also been affecting the yellow goods sales. There are also various trends and developments in energy and infrastructure markets which are having some impact on the sheet market.
Currently, most companies are cutting their costs on market research for various reasons. However, in such weak and fast changing market conditions, it is essential for the steel industry to keep informed about both short and long-term future direction in the market. Our aim is to provide knowledge to our clients and value for their money. Therefore, this report is devised in a unique way, that unlike other reports in the market, it provides both short and long terms analysis under only one subscription. Moreover, it also provides analysis for downstream industries, which our competitors lack
The Global Rare Earths Market Outlook 2016-2021£1,695.00
Rare earths market has entered in a critical situation where uncertainty is looming around the future of some high probable rare earths mining projects. Chinese overflow in supply and plummeted rare earths prices have remained some major culprits behind the recent market distortions. All in all, they are also to a great extent responsible for the recent bankruptcies of Molycorp and Great Western. Moreover, the falling rare earths prices have also led to an indefinite hold on various mining projects.
The lustre in the rare earths market has been gradually vanishing, and miners are getting difficulty to lure investors. Some potential rare earths miners have also changed their names recently and ditched the once lucrative mining terms ‘rare earths’ and ‘rare metals’ from their corporate names. For instance, Avalon Rare Metals is now Avalon Advanced Materials and Texas Rare Earth Resources becomes Texas Mineral Resources.
Indeed factors such as cash costs, ratios of heavy and light rare earths elements, infrastructure, processing facilities, end users, rare earths prices etc will confront the viability of rare earths projects. Yet, above all them, it is ‘China’ which any potential investor needs to add in their profit equation to avoid failure.
Major end users are also exploring new ways to minimise the use of rare earths in their products. Japanese automaker Honda co-developed a hybrid battery without the use of heavy rare earths aiming to reduce reliance on Chinese rare earths. Stockpiling of rare earths is another option, albeit conventional, for end users to avoid any disruptions in supply, though it will be a menace to take any position without knowing the future price direction.
The Global Metal Packaging Market out to 2026£1,695.00
The global metal packaging industry has shown some signs of revivals as aluminium premium and tinplate prices have softened, though the market has still not been fully out of doldrums. Matured metal packaging markets exhibited stable growths at low levels, while emerging markets benefited from swift shifts towards the high-growth plateau. However, some of these high growth markets remained more fragmented in terms of the competitive landscape which rendered producers less control on margins. For instance, almost all multinationals cans manufacturers in China are currently struggling to make profits due to numerous reasons including overcapacity and a peculiar cost-profit relationship in the market.
However, the overcapacity problem does not only exist in China but also in more matured markets such as North America. Commodity Inside understands that food and beverage cans are standardised products, and producers gain very little command over product differentiations in the mass containers market. In the backdrop of fierce competition, light metal packaging manufacturers have been making some advances to improve their margins through market consolidations, conversion of beverage cans production lines from tinplate to aluminium, new speciality cans, slim and sleek designs etc.
Meanwhile, substrate suppliers passing through more turbulent market conditions due to high inflow of Chinese materials, volatility in raw materials prices (e.g iron ore and metallurgical coal) etc. In the past, metal packaging manufacturers were buying substrates on a regional basis as well under long-term contracts. However, due to overcapacity in China and falling metal prices, some leading regional metal packaging manufacturers now outsource from China, and on a comparatively short-term basis. This has exacerbated the market conditions, particularly in tinplate market. A number of tinplate plants closed over the past few years whilst few are on the verge of closures.
Drilling down further, food sector will continue to remain a major end-use sector for light metal packaging. However, demand for metals in volume terms are set to curb due to a number of reasons including falling containers’ weight. Looking at the downside risks for metal packaging in the food sector, Bisphenol A (BPA) will create serious headwinds in spite of whether BPA would in reality harm consumers health or not. In the medium-to-heavy metal packaging market, steel drums and gas cylinders will continue to be the main drivers, though plastic drums will continue cannibalising the steel drums market.
The Global Healthcare Packaging Market out to 2026£1,695.00
Healthcare packaging market, an essential, though a very small component of the healthcare industry, has directly been affecting through changes in healthcare systems as well as evolving demographics. Every country wants to improve its healthcare system to meet demand pressures. On average 10% of the Gross Domestic Product (GDP) in the world was spent on the health sector in 2013. Health spending increased faster than economic growth across OECD countries over the past 20 years. Given the rise in population, urbanisation, aging population and increase in the healthcare spending, demand for healthcare products has been on the rise and so the demand for healthcare packaging.
Global demand for healthcare packaging materials reached $65.8 billion in 2015, which showed year-on-year growth of 5.6%. The growth was mainly driven by Asia while other regions have also registered notable growths and remained supportive in driving the global demand.
Commodity Inside anticipates that global demand for healthcare packaging will increase at a CAGR of 5.3% over the next decade. Demand for healthcare products as well as developments in medical practices will determine the growth of the market. In addition, demographics changes, macroeconomic indicators, growth in emerging markets, new regulations and changes in the healthcare sector will play a pivotal role in determining the global healthcare packaging market.
The Global OCTG Market Outlook to 2027£2,678.00
The Global OCTG Market Outlook to 2027 is one of our upcoming reports. The report will give you deep insights about the industry which will help you in making the right strategic decisions.
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Some general themes:
• Demand and supply balances
• Economics of prices and costs
• Trade analysis
• Major projects around the world
• Major trends and developments
• Market penetration strategies
• Competitive landscape
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