MARKET RESEARCH

The aluminum market was valued at US$ 188.24 Bn in 2017 is anticipated to expand at a CAGR of 5.6% during the forecast period, according to a new report titled  ‘ Aluminum Market – Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2018–2026’  published by Transparency Market Research (TMR). Aluminum and aluminum alloys are widely employed in various end-user industries such as automotive, aerospace, construction, packaging, and electrical & electronics. Increase in consumption of aluminum in the transportation sector can be ascribed to the rise in demand for fuel-efficient and lightweight vehicles in the automobile sector and growth in demand for lightweight and high-strength materials in the aerospace sector. Similarly, expansion in the construction sector is driving the demand for aluminum for usage in structural components such as window frames, roofing wall cladding, and concrete beams. Rise in Demand for Aluminum in Automotive Industry to Driv...

The  aluminum market  was valued at US$ 188.24 Bn in 2017 is anticipated to expand at a CAGR of 5.6% during the forecast period, according to a new report titled  ‘ Aluminum Market – Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2018–2026’  published by Transparency Market Research (TMR). Aluminum and aluminum alloys are widely employed in various end-user industries such as automotive, aerospace, construction, packaging, and electrical & electronics. Increase in consumption of aluminum in the transportation sector can be ascribed to the rise in demand for fuel-efficient and lightweight vehicles in the automobile sector and growth in demand for lightweight and high-strength materials in the aerospace sector. Similarly, expansion in the construction sector is driving the demand for aluminum for usage in structural components such as window frames, roofing wall cladding, and concrete beams. Rise in Demand for Aluminum in Automotive Indus...