On May 17 - aluminium producer in India - Hindalco industry co., LTD., chief marketing officer, said on Thursday in the next seven to eight years, India will increase the demand of aluminum cans of five times. The situation in terms of increase in India in the global aluminum demand component plays an important role.
SachinSatpute products research institute (CRU) in London for Britain the world congress of aluminum industry in an interview with dow Jones newswires said, at present, the beverage market in India, only less than 5% to use aluminium cans. The beverage market in the United States, more than 50% of the drinks to use aluminium cans. Plastic PET bottles and glass bottles in control of the beverage market in India.
He went on to say that things are changing, now India's beverage market each year about 1 billion aluminum cans (15000 to 16000 metric tons of aluminum). Seven to eight years in the future, the use amount of aluminum can be increased to 5 billion (90000-100000 tons of metal). The development of the domestic aluminum cans production also promoted the development of this field.
He also said that this year, India is expected to consume 2.7 million tons of aluminum, accounted for global aluminum demand forecasting - a small part of the 65.5 million tons. Although industry insiders estimate that global aluminum consumption in the annual growth rate of 4% to 6%, but India for this metal consumption growth rate of 11% to 12%.