A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Aluminum
Market. The
study, titled “Aluminum
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Aluminum
is a type of sustainable and energy-efficient metal. It is often
considered a recyclable metal. Easy availability of aluminum over
other metals and its cost effectiveness increases its applicability
over vast fields; one of the most prominent use has been noticed in
the building and construction industry.
Aluminum
has been increasingly used in construction and certain other
industries. Aluminum composite panels are easily recyclable and the
metal does not lose its properties during the recycling process.
Aluminum profiles are gaining high popularity owing to their slim
structure, high durability, and negligible maintenance cost. Aluminum
profiles are easy to install and they offer superior performance.
Moreover, they have design flexibility, which enhances their use in
several operations. Real estate manufacturers with lower budget for
construction prefer the use of aluminum as a roofing material and for
other housing structures. With growing share of industries in
advanced and emerging economies, this metal has rising application in
factories and warehouses. This factor drives the aluminum market for
building & construction.
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Market Research Report @
However,
in certain cases, aluminum can be more expensive as compared to
steel. This hinders the growth of the aluminum market for building &
construction.
Aluminum
is lighter as compared to other metals and this raises its
application in the construction sector. The metal is largely used in
hilly areas, wherein low-cost construction is a major concern for the
government. Rising concerns about providing eco-friendly buildings
increase the use of aluminum in the construction industry. This
market is expected to witness growing demand as nanomaterial
composite panels have extensive application in different end users
segment. These panels are coated with aluminum particles that not
only provide resistance to extreme weather conditions, but also
resist air-borne pollution. With the rising concerns about
sustainable environment, demand for aluminum in the real estate
industry is expected to increase during the forecast period. These
nanomaterial-based aluminum panels can repel dust during rains and
they do not require any specific cleaning mechanism. These types of
composite panels are able to retain their color and gloss for a long
period of time, as they are not adversely affected by harmful UV
rays. These metals require lower cost of maintenance and this factor
raises their use in the building & construction industry during
the forecast period.
The
aluminum market for building & construction has been segmented on
the basis of product type into extrusion, flat-rolled products,
casting & powder products, and flake & paste products. The
extrusion segment has held the maximum market share in recent years,
and is expected to retain its market dominance during the forecast
period. Extruded aluminum materials are extensively used in windows,
doors, skylights and photovoltaic panel frames, sliding and hinged
doors, sunshades, and light shelves. They are more cost-efficient as
compared to casting and flat-rolled products. This factor is likely
to drive the extrusion segment during the forecast period.
On
the basis of geography, the aluminum market for building &
construction has been segmented into five regions viz. North America,
Europe, Asia Pacific, Middle East & Africa (MEA), and Latin
America. Asia Pacific holds a major share of the market. The region
is expected to be the rapidly expanding market during the forecast
period. China is witnessing high population growth and this increases
the demand for aluminum in the real estate industry in the country.
Moreover, India experiences higher economic growth coupled with
higher spending on infrastructural development. This drives the
aluminum market for building & construction in the country.
Some
of the key players in the global aluminum market for building &
construction are Constellium, Novelis, Alcoa, Gulf Extrusions, and
Hindalco Industries.
Get
accurate market forecast and analysis on the Aluminum market. Request
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
Transparency
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of quantitative forecasting and trends analysis provides
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and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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