Aluminium consumption to tilt towards construction, packaging sectors

CARE Ratings expects consumption of metal to grow at a CAGR of 3.5% in next 2-3 yrs

Aluminium consumption pattern in the country is set to shift to emerging sectors like construction, transportation and packaging in the future. Currently, the electrical segment boasts of the highest share in aluminium usage, accounting for around 37 per cent of the overall consumption of the metal. This is in contrast to the world average that stands at 14 per cent for the electrical sector. Transportation and construction lead with a share of 26 per cent each in global aluminium consumption.

Producers of the metal opine that higher compounded annual growth rate (CAGR) in sectors such as transportation, construction and packaging will drive