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Above average' growth predicted for global aluminium demand
Edited by : AL CIRCLE
1 min read
The aluminium industry is emerging as one of the strongest markets this year as the commodity shows gains in prominence in the recovering transportation and construction industries.
The global aluminium market is a steadily growing market in the wake of the recession and is expected to follow a progressive above average growth rate in developing nations and a modest, steady growth rate in mature markets.
The emerging economies, which in total maintained positive growth through the crisis, will continue to register strong growth, driving demand for aluminium products in the coming decade. Being the largest aluminium consuming sector, recovery in the transportation industry is yielding good results for the global aluminium market," according to the report.
"Contributing further to growth will be the infrastructure development going on at a massive scale in BRIC nations. Moreover, emerging consumer markets are rapidly growing opportunities. Rising GDPs leading to the higher purchasing power of the population will create more demand for automotives, enhanced infrastructure, construction work, and other related products which will collectively boost the aluminium industry."
The global aluminium market is a steadily growing market in the wake of the recession and is expected to follow a progressive above average growth rate in developing nations and a modest, steady growth rate in mature markets.
The emerging economies, which in total maintained positive growth through the crisis, will continue to register strong growth, driving demand for aluminium products in the coming decade. Being the largest aluminium consuming sector, recovery in the transportation industry is yielding good results for the global aluminium market," according to the report.
"Contributing further to growth will be the infrastructure development going on at a massive scale in BRIC nations. Moreover, emerging consumer markets are rapidly growing opportunities. Rising GDPs leading to the higher purchasing power of the population will create more demand for automotives, enhanced infrastructure, construction work, and other related products which will collectively boost the aluminium industry."
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