Research and Markets: Aluminum Systems Market by Alloy Type, Alloying Element, Application, & Geography – Global Forecast to 2020
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/rt4kc9/aluminum_systems) has announced the addition of the “Aluminum Systems Market by Alloy Type, Alloying Element, Application, & Geography – Global Forecast to 2020” report to their offering.
The global market for aluminum systems is projected to grow at a CAGR of 5.65% from 2015 to 2020, and is projected to reach USD 147.13 Billion by 2020.
The increase in demand for innovative and sustainable aluminum systems production techniques has driven the growth of the aluminum systems market. Growing demand for value-added and recycled products due to the need for reducing the environmental impact of aluminum systems industry has resulted in the increase in the demand for aluminum systems. The growing preference of aluminum systems for sustainable and innovative smelting, mining, mineral recovery, and recycling technology will also drive this market. Silicon is expected to grow due to the demand for improved castability and weldability capabilities from the end-user industries such as transportation & logistics, packaging, construction, and electrical & electronics.
The market for aluminum systems is observed to be matured in developing economies such as Europe and North America due to the high disposable incomes of the people in these region. The Asia-Pacific region formed the largest market for aluminum systems, in terms of volume, having accounted for 17,151.5 KT in 2014. North America accounted for the second-largest market with a share of 25% in 2014. The Asia-Pacific region is projected to be the fastest-growing market for aluminum systems from 2015 to 2020.
The aluminum systems market will be driven due to factors such as the increasing demand from the end use industry and technological advancements. The development of economies plays an essential role in increasing the demand for aluminum systems in the global market. The key parameters that determine the growth of aluminum systems in developing economies are increase in consumption and demand for value-added and sustainable products.
The global aluminum systems market is marked with intense competition due to the presence of a large number of both, big and small firms. Investments & expansions and agreements & contracts are the key strategies adopted by market players to ensure their growth in the market.
Companies such as United Company Rusal (Russia), Alcoa Inc. (USA), Aluminum Corporation of China (China), Rio Tinto (U.K.), and BHP Billiton (Australia) are some of the prominent companies in the aluminum systems market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aluminum Systems Market, By Alloy Type
8 Aluminum Systems Market, By Alloying Element
9 Aluminum Systems Market, By Application
10 Aluminum Systems Market, By Region
11 Competitive Landscape
12 Company Profiles
– Alcoa Inc.
– Aluminum Bahrain B.S.C.
– Aluminum Corporation of China Limited
– BHP Billiton Group
– Century Aluminum Company
– China Hongquiao Group Limited
– Hindalco Industries Limited
– Norsk Hydro Asa
– Rio Tinto
– United Company Rusal
For more information visit http://www.researchandmarkets.com/research/rt4kc9/aluminum_systems
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