openPR Logo
Press release

Aluminum Alloys Market Expected To Surpass USD 150 Billion By 2024

10-26-2017 09:44 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Aluminum Alloys Market Expected To Surpass USD 150 Billion

Aluminum alloys industry revenue, worth USD 100 billion in 2016, is set to surpass USD 150 billion by 2024.

Aluminum alloys market is expected to chart a lucrative growth map over the coming years, driven by the wide product applications across the electrical, transportation, machinery, construction, and packaging sectors. Escalating need for light weight alloys to improve the vehicle performance will help the industry players in expanding their product portfolio and exploring new business growth avenues.

Request for A Sample Copy of This Report @

Transportation sector, which contributed over 45% of aluminum alloys industry share in 2016, is foreseen to display a CAGR of over 5.5% over the coming seven years. The high popularity of light-weight vehicles and aircrafts among the end-users will boost the product demand.

Construction sector, which contributed over USD 20 billion towards aluminum alloys market revenue in 2016, is predicted to produce a revenue of more than USD 35 billion by 2024. Favorable product features such as lightweight and resilience makes aluminum alloys more desirable across the construction sector.

Aluminum alloys industry has laid strong foundation bases across key geographies. For instance, Asia Pacific alloys market, which contributed over 60% of the overall industry size in 2016, is slated to record a CAGR of over 5.5% during the period from 2017 to 2024.

Rapidly expanding construction and vehicle manufacturing sectors across the countries such as India, China, and Japan will favorably influence the business sphere. A heavy presence of automobile and aeronautical firms across countries such as Italy, Germany, France, and the UK will lucratively impact the growth curve of aluminum alloys industry in Europe.

Browse complete summary of this report@

Aluminum alloys can be categorized into cast and wrought alloys. Wrought alloys are expected to make major contributions toward global aluminum alloys market size over the years to come, owing to their lightweight characteristics and high tensile strength. Heavy demand for producing mechanical components of a specific type through specialty engineering will have a major impact on the growth of cast aluminum alloys industry.

Aluminum alloys market is highly competitive with major players contributing over 25% of the overall industry share in 2016. UACJ Corporation, Rio Tinto Alcan Incorporation, Aleris International Incorporation, Norsk Hydro ASA, Kobe Steel Limited, Aluminium Bahrain B.S.C, Aleris International Incorporation, Magna International Incorporation, Kaiser Aluminum and Chemicals Corporation, IBC Advanced Alloys Corporation, Alcoa Corporation, and United Company RUSAL are the key industry participants.

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.

Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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 Expected To Surpass USD 150 Billion By 2024 here

News-ID: 787065 • Views: 282

More Releases from Global Market Insights Inc.

Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug

All 5 Releases

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 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,