Aluminum Alloys Market Future Scope, Demands and Projected Industry Growths to 2024
Category: #world  By Ashwin Naphade  Date: 2019-01-29
  • share
  • Twitter
  • Facebook
  • LinkedIn

Aluminum Alloys Market Future Scope, Demands and Projected Industry Growths to 2024

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.

Request Sample Copy of Global Aluminum Alloys Market Research Report @ https://www.marketstudyreport.com/request-a-sample/312374/?utm_source=marketsizeforecasters.com=AN

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 size is slated to cross USD 150 billion by 2024; according to a new research report.

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.

Request Discount for Global Aluminum Alloys Market Research Report @ https://www.marketstudyreport.com/check-for-discount/312374/

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 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.

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.

Buy Now @ https://www.marketstudyreport.com/securecheckout/paymenta/312374/?msfpaycode=sumsf?utm_source=TRDV-AN

 

Aluminum alloys market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:

 

Aluminum Alloys Market by Product Wrought alloy, Cast alloy

 

Aluminum Alloys Market by Application Transportation, Construction, Packaging, Machinery

 

Related Reports: -

Global (North America, Europe and Asia-Pacific, South America, Middle East and Africa) Potassium Sulphate Market 2017 Forecast to 2022

Potassium sulphate (K2SO4, commonly referred to as sulfate of potash or SOP) is a water soluble, white and crystalline salt. Potassium sulphate is the world's most popular low-chloride fertilizer.

https://www.marketstudyreport.com/reports/global-north-america-europe-and-asia-pacific-south-america-middle-east-and-africa-potassium-sulphate-market-2017-forecast-to-2022/?utm_source=RR-AN

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: [email protected]

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog



About Author

Ashwin Naphade

Email: [email protected]   

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

Read More

More News By Ashwin Naphade

Static Random Access Memory (SRAM) Market Comprehensive Study with Key Trends, Major Drivers and Challenges 2019-2024
Static Random Access Memory (SRAM) Market Comprehensive Study with Key Trends, Major Drivers and Challenges 2019-2024
By Ashwin Naphade

Market Study Report, LLC, adds a comprehensive research of the ' Static Random Access Memory (SRAM) market' that mentions valuable insights pertaining to market share, profitability graph, market size, SWOT analysis, and regional prolifera...

LED Billboard Market Global Growth, Opportunities, Industry Analysis & Forecast to 2024
LED Billboard Market Global Growth, Opportunities, Industry Analysis & Forecast to 2024
By Ashwin Naphade

The ' LED Billboard market' research report now available at MarketStudyReport.com delivers a thorough analysis of the industry trends influencing the global business scenario. In addition, the report offers definitive information pertaini...

Cable Conduit Systems Market Outlook, Strategies, Manufacturers, Countries, Type and Application, Global Forecast To 2024
Cable Conduit Systems Market Outlook, Strategies, Manufacturers, Countries, Type and Application, Global Forecast To 2024
By Ashwin Naphade

The research report on ' Cable Conduit Systems market' now available with Market Study Report, LLC, offers a detailed analysis of the factors influencing the global business sphere. This report also provides precise information pertaining ...