Research and Markets: Brazil Aluminum Sector Analysis

Research and Markets  has announced the addition of the "Brazil Aluminum Sector Analysis" report to their offering.

Brazil is one of the world's largest aluminum consumption and production market. Aluminum industry has been strongly growing in Brazil for the past few years due to its rising domestic demand and increasing exports. Moreover, rising demand due to high aluminum use in the automotive & packaging industry further strengthens aluminum production and consumption.

According to this research Brazil Aluminum Sector Analysis, growth of the aluminum industry in Brazil has outpaced the overall economic growth and covered some notable milestones. Aluminum consumption hit an all time high in 2008 and encouraged market players to benefit from the soaring domestic demand. Although economic crisis dented the country's demand-supply mix, the industry recovered strong in 2010 mainly backed by domestic market dynamics. It is anticipated that the increasing demand from packaging and transportation sectors will enable Brazil to witness 9.2% CAGR in aluminum consumption during 2011-2014.

Rising beverage cans consumption has become the major driver for aluminum demand in the country. Moreover, aluminum's easy recyclable property has increased the beverage recycling in Brazil. Can recycling rate reached 98.2% in 2009, which is being considered as a benchmark around the world and the country is now perceived as a potential aluminum can market in the world.