Growth of Aluminum Alloys Market 2014 - 2020

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Research

Aluminum Alloys Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2014 - 2020

Published Date

02-Dec-2014

83 Page Report

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Global Aluminum Alloys Market is Expected to Reach USD 126.5

Bn by 2020:Transparency Market Research

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Aluminum Alloys Market

REPORT DESCRIPTION

Aluminum Alloys Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast

2014 - 2020

The global aluminum alloys market was valued at US$ 91.23 Bn in 2013 and is projected to reach US$

126.5 Bn by 2020, expanding at a CAGR of 4.8% from 2014 to 2020.

Browse Aluminum Alloys Market Report with Full TOC at

http://www.transparencymarketresearch.com/aluminum-alloys-market.html

Aluminum alloys, in general, are the alloys, wherein an alloying metal is added to the base metal

(aluminum) to improve the properties of pure aluminum and make it suitable for specific applications.

Aluminum is the base element in these alloys; therefore, the content of aluminum is the highest.

Transportation was the largest end-user segment of the global aluminum alloys market in 2013, due to

rising demand from industries such as automotive, aerospace and marine. In terms of volume, the

transportation segment accounted for more than 40% of the global market in 2013.

Transportation is estimated to be the fastest growing segment of the global aluminum alloys market in the

next few years. Rise in industrialization and increasing need for superior means of commuting has boosted

the industry in the last decade. Steady growth in industries such as automotive, aerospace and marine is

responsible for the advancement of the transportation end-user segment. Higher focus on the usage of

hard but lightweight aluminum...