Global Aluminum Alloys Market Driven by Growth of Transportation Industry, to Reach Us$126 Bn by 2020

Transparency Market

Research

Aluminum Alloys Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2014 – 2020

Published Date

02-12-2014

83 Page Report

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Global Aluminum Alloys Market Driven by Growth of

Transportation Industry, to Reach US$126 Bn by 2020

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Aluminum Alloys Market

REPORT DESCRIPTION

Transparency Market Research, in its latest research report, indicates that the global aluminum alloys

market is largely fueled by the rapid growth of the transportation and construction industries. The report,

titled “Aluminum Alloys Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 2020”, also states that fluctuating prices of raw materials are likely to threaten the growth of the global

market. Developing at a modest 4.80% CAGR from 2014 to 2020, the worldwide market for aluminum

alloys is anticipated to rise from US$91.2 bn in 2013 to US$126.5 bn in 2020.

Browse the full Aluminum Alloys Market report at :

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

Aluminum alloys find application is several end-use industries: construction, machinery, transportation,

packaging, electrical, and others such as sporting goods. Accounting for a 40% share of the total aluminum

alloys consumption in 2013, the transportation sector emerged as the leading application segment. This

industry is also projected to become the fastest growing segment by 2020 owing to rising demand for

aluminum alloys from sectors such as automotive, aerospace, and marine. There has been increased

demand for fuel efficiency of vehicles and durable automobile components made from hard yet lightweight

aluminum alloys. This is expected to spur the consumption rate of aluminum...