Aluminum Alloys Market 2024 Global Players Alcoa, United Company Rusal, Aluminum Corporation Of China Limited, Constellium, Aluminium Bahrain, Kaiser Aluminum
Aluminum alloys market application segments are categorized into construction, transportation, packaging, electrical, machinery, and others including consumer goods, etc. Construction industry, driven by the increasing need for shelters for the continuously growing population in the urban areas, will generate revenue above USD 35 billion in 2024.
Request for a Sample copy of this Report @ https://www.gminsights.com/request-sample/detail/1527
Aluminum Alloys Market size is slated to cross USD 150 billion by 2024; according to a new research report by Global Market Insights, Inc.
Aluminum Alloys Market by Product
Aluminum Alloys Market by Application
Rising air travel trends for domestic as well as international commuting and rising global trade activities will boost the aluminum alloys demand in the aviation industry. According to the International Air Transport Association (IATA), number of flyers witnessed a steep increase from less than 3 billion in 2011 to more than 3.7 billion in 2016 and this number will double over the next two decades.
U.S., China, and UK accounted for majority of the total with more than 1 billion flyers in 2016, but India is likely to surpass UK and other countries including Germany, Japan, and Indonesia in the coming years. Annual delivery of commercial aircrafts is gradually increasing to successfully serve the high number of flyers, hence propelling the overall aluminum alloys market.
Make an Inquiry for Purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/1527
Rapidly rising population and increasing urbanization in the BRICS nations will be an important driver for the global product market during the forecast years. These nations are gradually shifting their focus towards investments for industrial developments in order to create job opportunities to the increasing number of young as well as middle age population. Government initiatives to develop the infrastructure and housings in these countries, especially in China and India, will further catalyze the aluminum alloys market growth.
The construction industry was worth beyond USD 3 trillion in 2016 in the BRICS countries and this number will reach close to USD 8 trillion by 2024. Growing usage of advanced materials in building construction as well as infrastructures such as flyovers and bridges will drive the global aluminum alloys market in the near future.
Aluminum alloys market is primarily dependent on the availability of aluminum along with other alloying materials including zinc, copper, magnesium, manganese, tin, etc. Fluctuation in the prices of aluminum owing to its application in various end-user industries may inhibit global aluminum alloys market growth in coming seven years. Price volatility of other alloying elements such as copper, zinc, and magnesium due to competitive market may also pose hindrances to the industry growth.
Browse Report Summery @
Asia Pacific will hold sway the global aluminum alloys market, accounting for more than two-third of the overall share in 2024. High growth in manufacturing and construction industries in China, Japan, and India will augment the regional growth during the forecast period.
Some key aluminum alloys market participants include Rio Tinto Alcan, Alcoa, United Company RUSAL, Aluminum Corporation of China, Constellium, Aluminium Bahrain, Kobe Steel, Norsk Hydro, Dubai Aluminium Company, Kaiser Aluminum Corporation, Aleris International, UACJ Corporation, ERAMET, Magna International Inc., and IBC Advanced Alloys Corp.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1 888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aluminum Alloys Market 2024 Global Players Alcoa, United Company Rusal, Aluminum Corporation Of China Limited, Constellium, Aluminium Bahrain, Kaiser Aluminum here
News-ID: 1253650 • Views: 1027
More Releases from Global Market Insights Inc.
U.S. Baghouse Filters Market Growth Forecast & Industry Share Report to 2024 | L …
Global Market Insights recently introduced report on U.S. Baghouse Filters Market delivers a holistic view on market valuations, market size, profit estimations, SWOT analysis and regional landscape of the market. In addition, the report points out key challenges and growth opportunities, while examining the current competitive standings of key players in during the forecasted timeline. According to Global Market Insights, Inc., “U.S. baghouse filters market for the woodworking industry, which
Earthmoving Equipment Market Trends Research and Growth Projections to 2023 | To …
Global Market Insights recently introduced report on Earthmoving Equipment Market delivers a holistic view on market valuations, market size, profit estimations, SWOT analysis and regional landscape of the market. In addition, the report points out key challenges and growth opportunities, while examining the current competitive standings of key players in during the forecasted timeline. Introduction of new technologies such as real-time monitoring for detecting system failure are predicted to fuel
Asphalt Mixing Plants Market 2019 – 2024 | Growth Analysis by Regional Players …
Global Market Insights recently introduced report on Asphalt Mixing Plants Market delivers a holistic view on market valuations, market size, profit estimations, SWOT analysis and regional landscape of the market. In addition, the report points out key challenges and growth opportunities, while examining the current competitive standings of key players in during the forecasted timeline. Most of the automakers are expanding their regional presence across Asia Pacific, pertaining to the
Wood Based Panel Market is anticipated to witness a massive proliferation by 202 …
Increasing deforestation has lead towards the global warming which has boosted the demand growth for efficient and effective utilization of timber. This is expected to fuel the Wood Based Panel Market demand over the forecast period. In addition, technological innovation and advancement along with the mounting efficiency in manufacturing is likely to bolster the demand from 2016 to 2023. However, rapid increases in the cost pertaining to the petroleum based
More Releases for Aluminum
Aluminum Wire Market Is Booming Worldwide | Kaiser Aluminum, Baotou Aluminium
HTF MI recently introduced Global Aluminum Wire Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Kaiser Aluminum, Baotou Aluminium, Vimetco, UC RUSAL, Southwire, Alro, Hydro, Southern
High Purity Aluminum Target Market
https://www.qandqmarketresearch.com/reports/7273640/high-purity-aluminum-target-market-80 The High Purity Aluminum Target market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for High Purity Aluminum Target. This report presents the worldwide High Purity Aluminum Target
Aluminum Mining Market
Global Aluminum Mining Market: Overview The extensive use of aluminum in multifarious applications over several industries is likely to bolster growth of the global aluminum mining market. The report discusses the major developments, restraints, growth drivers, and opportunities in the global aluminum mining market. The major market players have been discussed in detail, wherein their key market strategies, product portfolios, and market shares are revealed. The report also sheds light on value
Global Aluminum Lithium Alloys Market - Constellium, Aleris, FMC, Southwest Alum …
Report covers Aluminum Lithium Alloys global sales and global Aluminum Lithium Alloys market growth rate [2011 to 2021]. Below is the list of some key points of Aluminum Lithium Alloys market report. The Apex Market research study convey remarkable naturalistic facts and statistics of the worldwide Aluminum Lithium Alloys market. The report presents a deep study of the market growth factors and drivers. In-depth research of the Aluminum Lithium Alloys Market
Global Anodized Aluminum Extrusions Market 2017 - Sapa, SAF Southern Aluminum Fi …
The Anodized Aluminum Extrusions Market 2017 examines the performance of the Anodized Aluminum Extrusions market, enclosing an in-depth judgment of the Anodized Aluminum Extrusions market state and the competitive landscape globally. This report analyzes the potential of Anodized Aluminum Extrusions market in the present as well as the future prospects from various angles in detail. The Global Anodized Aluminum Extrusions Market 2017 report includes Anodized Aluminum Extrusions industry volume, market Share,
Aluminum Packaging Market 2017
Market Research analysts forecast the global aluminum market for packaging industry to grow at a CAGR of 3.35% during the period 2017-2021. The following companies as the key players in the global aluminum market for packaging industry: Alcoa, GARMCO, Hindalco, Norsk Hydro, and RUSAL. Other Prominent Vendors in the market are: Ess Dee Aluminium, Constellium, Aleris, Tajik Aluminium (TALCO), Logan Aluminum, and Hulamin. Download Sample Report @ https://marketreportscenter.com/request-sample/507599 Commenting on the report, an analyst