As India attempts to become a global economic powerhouse in the next 30 years, a new, unlikely hero will emerge – the aluminium supplier. According to the Aluminium Association of India, the country will consume up to 10+ million tons of aluminium per year by 2030. But, that’s barely enough to support India’s long-term growth objectives.
Currently, the per capita consumption of aluminium in India is 2.5 kg. The worldwide average is 11 kg. To bridge this gap, India must use at least 16 million tonnes of this metal every year. Thankfully, the average aluminium supplier in India is flourishing at an enviable pace. The main reason behind their rise? The ever-growing demand for this metal.
Aluminium exports from India have increased rapidly over the past decade. Worldwide decarbonization measures are driving the demand for solar power infrastructure made of aluminium. Other industries are also pushing up their aluminium consumption levels.
From power to consumer durables to transportation to construction & packaging – demands for high-quality aluminium sheet supplies are at all-time highs in many sectors. The question is – can India seize the moment, address these international demands, and secure our nation’s future with the strength of aluminium? Let’s explore.
Why India Needs to Dominate the Global Aluminium Manufacturing Industry
Aluminium is the ultimate symbol of modernity. Low costs and the excellent properties of this metal have made it a must-have metal for countless industries. It also has great scrap value. Aluminium recycling markets are also popping up all across India.
Be it old-school aeroplanes or new-age biomedicine devices – this metal will continue to be an essential part of countless industries. That’s why improving India’s aluminium production capabilities is so vital. If the country is to benefit from the technological developments that come with aluminium production, it must prioritize the growth of this sector.
Aluminium Production in India: What the Future Looks Like
The Indian Aluminium production industry currently generates 8+ lakh jobs and 4000+ SMEs. The country is the second leading producer of aluminium sheet supplies in the world. Still, it feels like the country is only now waking up to the potential of its aluminium industry.
Without this metal, there’s no space exploration, electric vehicles, or renewable energy production. So, all Indians, especially business owners, must learn more about the aluminium industry. More importantly, we must empower our aluminium suppliers. Their output will have a multiplier effect on our country’s future.