Building system automation to drive global aluminium market for building and construction

<p>According to Technavio&rsquo;s recently published market report, the global aluminium market for building and construction sector is slated to grow at a CAGR of 6.31 per cent during the period 2016-2020.<br /><br />Analysts have segmented the worldwide aluminium market for building and construction into four major geographies: Americas, APAC, Europe, and Middle East. Continuous infrastructural development in these regions will likely drive the demand for aluminium structural components in the building and construction sector, they opined. The demand will be further augmented by infrastructure overhaul projects in the emerging economies like India, Malaysia etc.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/building.jpg" alt="News" width="512" height="512" /></p> <p><br /><br />Increase in automation of building systems has been identified as the principle market driver in the report. Fluctuating London Metal Exchange (LME) prices influencing premiums, on the other hand, will pose as major challenge for the aluminium structural component manufacturer and suppliers. <br /><br />The report has noted a significant rise in use of aluminium in building integrated photovoltaic (BIPV) systems, a trend which is likely to persist over the long term.<br /><br />The key vendors who will be dominating the market during the period under review are Alcoa Constellium, Gulf Extrusions, Hindalco Industries, Novelis, Sapa, and RUSAL. Other vendors identified in the report, who would stand to benefit significantly from the growing trend, include Altaiseer Aluminum, ALUPCO, Bahrain, Atomizer International, Balexco, Hulamin Extrusions, and TALCO.</p>