(MENAFN- The Expresswire) Global Aluminum Systems Market– Industry Trends and Forecast to 2026
Posted on Jan 13 2020 9:28 PM
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Global Aluminum Systems Market, By Alloy Type (Wrought Aluminum Alloy, Cast Aluminum Alloy), By Alloying Element (Silicon, Magnesium, Manganese, Copper, Others), By Application (Transportation & Logistics, Packaging, Construction, Electrical & Electronics, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) Industry Trends and Forecast to 2026
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Market Analysis: Global Aluminum Systems Market The Global Aluminum Systems Market is expected to rise from its initial estimated value of USD 134.1 billion in 2018 to an estimated value of USD 213.7 billion by 2026, registering a CAGR of 6% in the forecast period of 2019-2026. This rise of market value can be attributed to the rising technological advancements in the market.
Market Definition: Global Aluminum Systems Market Aluminum systems are used as an alloy to an alternate for steel due to its excellent welding applications, and the rising number of applications of aluminum alloys. There are majorly two types of aluminum systems; wrought and cast. The quality for these systems is based on the materials employed in the alloy systems. The variety of elements used in alloy's are namely silicon, magnesium, manganese, copper, zinc with mixture of aluminum.
Market Drivers:
- Rise in technological advancements of the market is expected to drive the market growth
- Increased demand of products from the end-users is also expected to drive the market growth
Market Restraints:
- High amounts of investments and initialization costs for setting up
- Instability and variable prices of raw materials required in the production is also expected to restrain the market growth
Segmentation: Global Aluminum Systems Market - By Alloy Type
- Wrought Aluminum Alloy
- Cast Aluminum Alloy
- By Alloying Element
- Silicon
- Magnesium
- Manganese
- Copper
- Others
- By Application
- Transportation & Logistics
- Packaging
- Construction
- Electrical & Electronics
- Others
- Manufactured/Machine Components
- By Geography
- North America
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- South Korea
- India
- Australia
- Singapore
- Malaysia
- Indonesia
- Thailand
- Philippines
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Egypt
- Saudi Arabia
- United Arab Emirates
- Israel
- Rest of Middle East and Africa
Competitive Analysis: Global Aluminum Systems Market The global aluminum systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aluminum systems market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Aluminum Systems Market Few of the major competitors currently working in the aluminum systems market are RUSAL, Alcoa Corporation, Aluminum Corporation of China Limited, Rio Tinto Group, BHP, Norsk Hydro ASA, Century Aluminum Company, Aluminium Bahrain (Alba), Aditya Birla Management Corporation Pvt. Ltd., Emirates Global Aluminium PJSC and China Hongqiao Group Limited.
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Research Methodology: Global Aluminum Systems Market Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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