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• The Report “Aluminum Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024,” published by IndustryARC, estimates the global aluminum market to reach $246.6 billion by 2024.

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According to a recent study by IndustryARC, the Aluminum market is forecast to reach $246.6 billion by 2024, growing at a CAGR of 6.2%. The growth of the Aluminum market can be attributed to the growing demand from the construction industry. The rapid industrialization and rising urbanization have led to the increased construction of commercial and residential buildings, thus leading to the high demand for aluminum and aluminum alloys.

market

for Aluminum is all set to exhibit robust growth as demand for aluminum across the globe is projected to increase at 5.8% per year. Another key factor that contributes to the growth of the aluminum market is the increased demand from the automotive sector. Aluminum remains the fastest growing automotive material over competing materials and is entering its most unprecedented growth phase because of the industry’s shift towards light automotive materials. The increase in demand for light-weight and fuel-efficient vehicles is expected to boost the demand for aluminum in the near future.

he major factor for the growth of the aluminum market in the Asia-Pacific region is the booming construction sector. Moreover, the economic development and rising purchasing power in the emerging economies such as India, China, Indonesia, Malaysia, and others of the region are leading to a substantial demand for automobiles. The growth in demand for automobiles has led to increasing in fuel consumption, which has further led to a surge in fuel prices. To address this issue, the automotive industry has started using aluminum alloys to reduce the weight of automobiles substantially without compromising on the strength and weight carrying capacity of the vehicles.

Competitive landscape

Emirates Global Aluminum
Vedanta Resources Plc
Dubai Aluminum Co. Ltd.
Aluminum Corporation of China Ltd.
BHP Billiton Ltd.
United Co.

Aluminum manufacturers have laid their focus on mergers and acquisitions as well as product launches to augment entry into related markets and enhance their core competencies and product portfolio as well as gain a foothold in the emerging markets.

The various end-user industries covered in the report include

Transportation
Construction
Machinery and Equipment
Packaging
Electrical and Electronics
Others

The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.

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November 02, 2018: The global market for aluminum foam will grow at a CAGR of 9.4% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (military, automotive, architecture, engineering, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the aluminum foam market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the aluminum foam market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the aluminum foam market on a global level.

Download sample Copy of This Report at: https://www.radiantinsights.com/research/global-aluminum-foam-market-outlook-2017-2022/request-sample

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global aluminum foam market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the military, automotive, architecture, engineering, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global aluminum foam market.

Read Complete Report With TOC @ https://www.radiantinsights.com/research/global-aluminum-foam-market-outlook-2017-2022

Key Applications

- Military

- Automotive

- Architecture

- Engineering

Key Regions

- North America

- Europe

- Asia Pacific

- Middle East and Africa

- South America

Key Vendors

- Aluinvent

- Cymat Technologies

- ECKA

- Foamtech

- Rontec

- Shanxi Putai

- Sichuan Yuantaida

- request free sample to get a complete list of companies

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The Global Aluminum Composite Panel Market size is anticipated to attain a significant size in terms of value by 2025. Increasing number of construction projects and growing global population are likely to stoke the growth of the market. Besides this, rapid urbanization and rising consciousness among people for environment conservation are contributing to the growth of the market.

Increasing use of aluminum composite panels in mass transportation systems in cities is also expected to encourage the development of lightweight and cost efficient products. In addition, ACP can be produced in a wide range of metallic and non-metallic colors as well as in varied patterns that emulate other materials such as wood or marble. Surge in demand stems from various advantages offered by these panels including lightweight, efficiency, easy maintenance, reduced fuel consumption, and subsequently decreased carbon emissions.

While adding visual appeal to application areas, ACPs are extremely lightweight owing to structural design of a low-density core inserted between two relatively thin skin layers. Therefore, they help in reducing load of buildings and construction sites, while ensuring strong and sturdy support to the structure.

Panel rigidity is provided by interaction of its components under flexural load. Low-density polyethylene or a mix of polyethylene & mineral material in the core exhibit properties of fire retardants, which reduce maintenance costs arising from corrosion. They require easy maintenance in almost any kind of climate through a regular wash with water and mild detergent, ensuring long lasting performance. Further, their attractiveness and usefulness increase as they are resistant to acid, alkali salt spray, and pollution at the same time providing good thermals and sound insulation.

Moreover, growing use in public transportation systems, aircraft, and external and internal building architecture is projected to have a positive impact on the growth prospects. Mass rapid transport systems, intercity transportation services, bus facilities, and monorails, among others, are gaining popularity owing to cost effectiveness, safety, and time convenience. In building architecture, the product can be used for false ceilings, partitions or claddings, signage, machine wrappers, and container constructions, among others. For applications pertaining to signage, it is used as an alternative to heavier and high price substrates.

Flexible and easy forming and processing of aluminum composite panels allows innovative designs and are used as a lightweight and sturdy material in transient structures such as trade show booths and other temporary structures. Growing use of these panels as backing material in mounting fine art photography is increasing their prominence as an aesthetical product.

Browse Details of Report @ https://www.hexaresearch.com/research-report/aluminum-composite-panel-market

Nano self-cleaning composite panels, which have better self-cleaning function compared to traditional polyvinylidene fluoride (PVDF) variants, are likely to shape the future of the market. Nano self-cleaning aluminum sheets prevent formation of dust and black marks on surface of sheets even after considerable use, which is stirring up their demand.

ACPs with acrylic finish using processes such as Diasec increase the artistic appeal of the product. Aluminum composite panels conform to internationally-accepted energy conservation building code (ECBC), according to which buildings must conserve energy. Airspace created between the panel and the wall helps in better insulation and energy conservation.

Due to price volatility in the London Metal Exchange, the future exchange for base metals and other metals leads to uncertain prices of aluminum at different points of time and poses a significant challenge for vendors. Lack of standardization of pricing of aluminum composite panels owing to uncertainties in the market prevents the product from penetrating into emerging economies. Further, flammability of core non-aluminum material poses significant problems to its usage. These factors are limiting the aluminum composite panel industry from realizing its utmost potential.

Some of the key types of coating used for aluminum composite panels are polyvinylidene fluoride (PVDF), fluoropolymer resins (FEVE), and polyester paints. These panels are primarily used across industries such as building and construction, aviation packaging and building, automobiles, commercial transportation, oil and gas, and defense. Building and construction is expected to be one of the prominent end users over the forecast period.

China is a significant revenue contributor in the global aluminum composite panel market. Rising number of construction projects and being the biggest recipient of Foreign Direct Investments (FDIs) from around the world, the market in China is anticipated to expand at a noteworthy growth rate during the forecast period. Favorable atmosphere for business and investments in South Asia and India is expected to positively influence the growth of the overall market. Rapid urbanization and rising disposable income are anticipated to boost the demand for aluminum composite panels. Political scenario and current policies in Japan are encouraging private investments, which in turn will fuel growth prospects over the forecast period.

Primary vendors include Alcoa, Alcobond, Alubond, Guangzhou Xinghe, Jyi Shyang Industrial, and Kaidi Industry. Vendors are investing in development of new technologies, R&D facilities, and keeping up with emerging trends to sustain competition in the market. Innovative products and financial expertise are some of the key strategies adopted by vendors to render competitors’ products non-competitive in the pre-launch period itself, even before they can recover commercialization costs.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/advanced-materials-industry