Transparency Market Research has published a new report titled ”Aluminum Alloys Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020” to its report store.
Albany, NY -- (SBWIRE) -- 08/14/2015 -- A new market study on the global aluminum alloys market has been recently published by Transparency Market Research (TMR), in which analysts have projected the market to rise at a CAGR of 4.8% between 2014 and 2020 and reach a value of US$126.50 billion by 2020, up from US$91.23 billion in 2013.The report, titled "Aluminum Alloys Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", delves deep into the historical as well as present-day performance of the global aluminum alloys market and determines that the development of the automotive industry is the key factor driving the global aluminum alloys market, thanks to aluminum alloys being an important component in manufacturing several important parts of any automobile.The rising demand for aluminum alloys from the construction industry is also expected to fuel the market substantially. However, instability in raw material prices is expected to limit this development, signifies the report.
The global aluminum alloys market has been studied on two fronts in this report, namely the end-use industry and the regional markets. Transportation, electrical, packaging, construction, machinery, and other markets such as sporting goods are the major consumers of aluminum alloys. In 2013, the transportation industry acquired the leading position among all end users, with a 40% share in the overall consumption of aluminum alloys. The continual development of the aerospace, automotive, and marine sectors is the main reason behind the rising demand for aluminum alloys from the transportation sector. This segment is also expected to report the fastest growth rate over the forecast period.
Browse the full Aluminum Alloys Market for Transportation, Construction, Packaging, Machinery, Electrical and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at: http://www.transparencymarketresearch.com/aluminum-alloys-market.html
North America, Europe, Asia Pacific, and the Rest of the World are the major regions across which the global aluminum alloys market is spread. The aluminum alloys market in Asia Pacific accounted for more than 60% of the overall market and held the leading position in 2013. The development of the transportation industry and the rising number of construction projects are fueling the demand for aluminum alloys in this region. The regional market is also projected to register the fastest growth during the forecast period. China and India are the major consumers of aluminum alloys. The rising demand from these nations is likely to propel the Asia Pacific market for aluminum alloys between 2014 and 2020.Apart from this, the markets for aluminum alloys in Europe and North America are also projected to report growth at a healthy rate over the forecast period on account of the developing construction industry in these regions. The rise in the demand for aluminum alloys the Middle East and Latin America is projected to stimulate the aluminum alloys market in the Rest of the World.
The report also profiles the major companies operating in the global aluminum alloys market in order to provide a comprehensive picture of the competitive landscape of the market. United Company RUSAL Plc, Aluminum Corp. of China Ltd., Alcoa Inc., Kaiser Aluminum Corp., Dubai Aluminum Co., Norsk Hydro ASA, Constellium, Aluminium Bahrain B.S.C., Kobe Steel Ltd., Rio Tinto Alcan, and Aleris International Inc. are the major players in this market.
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The global aluminum alloys market is segmented into:
By end users
Others (including sporting goods, etc.)
By regional market
RoW (South America, Africa and the Middle East)
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