What are the Growth Drivers of Aluminum Alloys Market? Constellium, Aluminium Bahrain, Rio Tinto Alcan, Alcoa, Kobe Steel, Norsk Hydro, Kaiser Aluminum Corporation, UACJ Corporation, IBC Advanced Alloys Corp.
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.
Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/1527
According to a new research report by Global Market Insights, Inc. Aluminum Alloys Market size is slated to cross USD 150 billion by 2024.
Growth drivers are
1. Rapidly developing land and air transportation
2. Growing construction industry in BRICS nations
3. Industrial development in Asia Pacific
Aluminum alloys market, based on product types, is segmented into wrought and cast alloys. Wrought alloys will likely have a considerable share owing to its superior strength and lighter weight than cast alloys. They find major applications in the automotive and aerospace industries.
Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/aluminum-alloys-market
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.
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.
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.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1527
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.
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1 888-689-0688
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.
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 What are the Growth Drivers of Aluminum Alloys Market? Constellium, Aluminium Bahrain, Rio Tinto Alcan, Alcoa, Kobe Steel, Norsk Hydro, Kaiser Aluminum Corporation, UACJ Corporation, IBC Advanced Alloys Corp. here
News-ID: 1772122 • Views: 380
More Releases from Global Market Insights
Fluid Dispensing Systems Market Will Witness A Rapid Growth till 2025 | IVEK Cor …
Based on application, the fluid dispensing systems market is segmented into electrical & electronics assembly, construction, medical devices, transportation and others. Electrical & electronics assembly is further classified into semiconductor packaging, printed circuit boards and others. Electrical & electronics segment shall witness promising growth by 2025 due to rising consumer disposable income and growing demand for miniaturized electronic products and pocket friendly devices. Request for a sample of this research
Loyalty Management Market Latest Trend, Growth, Size, Application & Forecast 202 …
Global Market Insights, Inc. added research on Loyalty Management Market is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, market also includes an in-depth study of the industry’s competitive scenario. Based on deployment type, the global loyalty management market is divided into two types, on premise and
Automated Guided Vehicle Market Trends 2019 – 2025 Astonishing Growth | Hyster …
Global Market Insights, Inc.: The Report 2019-2025 Automated Guided Vehicle Market Report explores the essential factors of the market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario. The material handling equipment demand in the automated guided vehicle market is increasing to aid operational efficiency in the industrial processes and increasing labor costs. Work safety initiatives across various manufacturing industries and the need for
Ride Sharing Market to Exhibit Phenomenal Growth Over 2019-2025 | Grab, Uber Tec …
The Global Ride Sharing Market Report 2019-2025 analyzes the important factors of this market based on present industry situations, market demands, business strategies utilized by the market players and their growth synopsis. This report divides based on the key players, type, application and regions are mentioned below. Ride sharing market is expected to grow rapidly in the coming years; increasing interest of automobile manufacturers in ride hailing services. The automotive manufacturers
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 Alloys Market 2024 Global Players Alcoa, United Company Rusal, Aluminum …
Aluminum alloys market, based on product types, is segmented into wrought and cast alloys. Wrought alloys will likely have a considerable share owing to its superior strength and lighter weight than cast alloys. They find major applications in the automotive and aerospace industries. 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
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,