Europe Alumina Market Outlook

the outlook for europe's alumina market between 2018 and 2032 is extremely promising, with demand continuing to overtake supply and various economic drivers expected to fuel growth and expansion throughout the region. the rise of the manufacturing and service sectors coupled with heightened demand from european countries for sustainable energy sources has seen a dramatic increase in europe's alumina trade. aluminium, which is produced from alumina, accounts for approximately one-fifth of all industrial metals used in the manufacturing of products such as cars, airplanes, and electronics. europe is also the largest global producer and consumer of aluminium; meaning that their demand for the commodity is thus is higher than in the rest of the world. furthermore, since the european union is committed to bringing down emissions and creating higher energy efficiency with its sustainable energy goals, the production of materials used in energy applications, such as aluminium, has received a great boost. increasing levels of investment in renewable energy sources, such as wind and solar energy, have driven the demand for alumina. for instance, the construction of large scale solar energy systems in germany has increased the demand for alumina significantly in the region over the past decade. the increasing reliance of europe on alumina imports, from countries such as china and the united states of america, is also expected to contribute to further demand for alumina in the continent. europe's internal production of alumina is minuscule compared to its imports and as the costs of international alumina transport come down, it will therefore be more viable to source the commodity from overseas markets. overall, the outlook for europe’s alumina market between 2018 and 2032 looks positive, with increasing levels of demand expected to drive growth throughout the region. the increasing reliance on alumina imports from foreign markets is expected to fuel trade and investment opportunities in the european union.