South America Aluminum Market Forecast (2016-2023)

Year ARGENTINA MEXICO BRAZIL REST OF SOUTH AMERICA
2016 $ 531.5 $ 1597.6 $ 1195.0 $ 207.8
2017 $ 618.1 $ 1864.3 $ 1392.7 $ 240.8
2018 $ 684.9 $ 2072.8 $ 1546.6 $ 265.9
2019 $ 726.5 $ 2206.5 $ 1644.3 $ 281.0
2020 $ 769.0 $ 2343.8 $ 1744.4 $ 296.4
2021 $ 814.1 $ 2489.7 $ 1850.8 $ 312.5
2022 $ 862.1 $ 2645.6 $ 1964.2 $ 329.7
2023 $ 898.8 $ 2768.3 $ 2052.0 $ 342.5
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South America Aluminum Market Forecast (2016-2023)

Synopsis
The above chart is Global Aluminum market [2016-2023] by South America

Market Dynamics

Mexico accounted for the largest market share in 2017 in the south america aluminum market, and is expected to reach usd 2768.30 million in 2023 from usd 1864.30 million in 2017.this market is projected to grow at a cagr of 5.96% during the forecast period from 2018 - 2023. transportation segment accounted for the largest market share in 2017, this market is expected to reach usd 1937.30 million in 2023 from usd 1256.30 million in 2017. this market is projected to grow at a cagr of 6.63% during the forecast period from 2018 - 2023. extrusions segment accounted for the largest market share in 2017, this market is expected to reach usd 1597.10 million in 2023 from usd 1092.10 million in 2017. this market is projected to grow at a cagr of 5.69% during the forecast period from 2018 - 2023. however, flat rolled segment is the fastest growing market, which is expected to grow at a cagr of 6.32% during the forecast period 2018 - 2023. primary segment accounted for the larger market share in 2017, this market is expected to reach usd 4009.50 million in 2023 from usd 2768.40 million in 2017. this market is projected to grow at a cagr of 5.51% during the forecast period from 2018 - 2023. however, secondary segment is the fastest growing market, which is expected to grow at a cagr of 6.41% during the forecast period 2018 - 2023.

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