New report analyzes global aluminum systems markets

Dublin-based Research and Markets has published a new report, “Aluminum Systems Market by Alloy Type, Alloying Element, Application & Geography - Global Forecast to 2020.”

The research firm says the report includes a market overview, industry trends, discussions of alloys markets, and profiles of 12 major producers, including Alcoa, Aluminum Corp. of China Ltd., Rio Tinto and United Co. Rusal.

Some of the findings in the report, according to Research and Markets:

• The global market for aluminum systems is projected to grow at a compound annual growth rate of 5.65 percent from 2015 to 2020, and is projected to reach US$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.
• There is a growing demand for value-added and recycled products based on the need for reducing the environmental impact of aluminum systems. The growing demand for sustainable aluminum systems includes smelting, mining, mineral recovery and recycling technology.
• The market for aluminum systems is observed to be matured in developing economies such as Europe and North America.
• The Asia-Pacific region formed the largest market for aluminum systems, in terms of volume, having accounted for 17 million metric tons in 2014. North America accounted for the second-largest market with a share of 25 percent in 2014. The Asia-Pacific region is projected to be the fastest growing market for aluminum systems from 2015 to 2020.
• 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, agreements and contracts are the key strategies adopted by market players to ensure their growth in the market.

For more information, visit http://www.researchandmarkets.com/research/rt4kc9/aluminum_systems