Aluminum alloys are alloys in which the composition of the aluminum metal is higher in content. Aluminum is one of the popular metal that is widely used across various industries such as transportation, transportation, and electronics. In aluminum alloys, alloying metal is added with the base metal aluminumin order to enhance the properties of pure aluminum and make it suitable for a wide range of applications.

The global aluminum alloys market is projected to surpass US$ 184,419.8 million by the end of 2028, in terms of revenue, growing at CAGR of 4.8% during the forecast period (2021 to 2028).

Market Dynamics

Rapid industrialization and urbanization is a major factor driving growth of the aluminum alloys market. According to the United Nation, by 2019, the share of the urban population increased to 55.7 percent. It is generally higher in the developed (80.5 percent in 2019) than in the developing countries (51.1 percent), with transition economies in between the two (65.4 percent).

Detailed Segmentation:

Global Adhesive Films Market, By End Use:

Transportation

Construction

Packaging

Machinery

Electrical

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Major Keyplayers: United Company RUSAL Plc, Alcoa Inc., Aluminum Corp. of China Ltd., Kaiser Aluminum Corporation, Norsk Hydro ASA, Dubai Aluminum Co., Constellium, Kobe Steel, Ltd., and Aluminum Bahrain B.S.C.

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