Aluminum Systems Market Size, By Application, Forecasts to 2020


Posted May 12, 2017 by shravand123

The global market for aluminum systems witnessed a rapid growth in 2013, and is projected to grow at a CAGR of 5.65% from 2015 to 2020

 
The global market for aluminum systems witnessed a rapid growth in 2013, and is projected to grow at a CAGR of 5.65% from 2015 to 2020, to reach USD 147.13 Billion by 2020. Asia-Pacific dominated the market with a share of 45% in 2014; this market is driven by increasing competition, consumer awareness, rising consumer spending, demand for value-added product, and technological advancements. The Asia-Pacific region is projected to become the fastest-growing market for aluminum systems from 2015 to 2020. Moreover, with increasing awareness about environmental hazards, the market will adopt technologies to develop a sustainable manufacturing process which is environment-friendly. The Asia-Pacific region accounted for around 45% of the total market share in terms of value, followed by the North American and European regions. The aluminum systems market in developing countries such as China and India are estimated to grow at a higher rate from 2015 to 2020. China is estimated to grow faster than any other country because of its strong economic growth along with growing demand from end-user industry and rapid urbanization.

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Scope of the Report
This research study categorizes the global aluminum systems market based on alloy type, alloying element, application, and region:
On the basis of alloy type, the aluminum systems market has been segmented as follows:
• Wrought aluminum alloy
• Cast aluminum alloy
On the basis of alloying element, the aluminum systems market has been segmented as follows:
• Silicon
• Magnesium
• Manganese
• Copper
• Others (zinc)

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On the basis of application, the aluminum systems market has been segmented as follows:
• Transportation & Logistics
• Packaging
• Construction
• Electrical & Electronics
• Others (manufactured/machined components)
On the basis of region, the aluminum systems market has been segmented as follows:
• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

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Contact Email [email protected]
Issued By MnM Group
Country United States
Categories Advertising , Marketing
Tags aluminum alloy , aluminum systems
Last Updated May 12, 2017