Global aluminium alloys market estimated to reach US$126,500.8 mn by 2020

<p>The global aluminium alloys market is expected to be worth US$126,500.8 million by 2020, reveals data published in a recent report by Transparency Market Research (TMR). Transportation sector which includes aircraft and automobile is going to be the major growth driver. The sector buoyed by the lightweighting trend will account for 46.8% of the market by 2020. Next to transportation will be building and construction. The rise in construction activities and infrastructure development in the emerging nations of Asia Pacific will account for the region's high growth in the aluminium alloy market. The region is expected to constitute 65% of the market by 2020.</p> <p>{newsStudioGallery}</p> <p>According to the report, the global aluminium alloys market is fragmented with the top eight players holding 44.6% of the market share in 2013. These players are- Aluminium Corporation of China Ltd., United Company RUSAL Plc, Rio Tinto Alcan, Alcoa Inc., Aluminium Bahrain B.S.C, Constellium, Norsk Hydro ASA, and Aleris International Inc. All these companies are integrating along the entire aluminium value chain to secure raw material supply as well as benefit from increased realizations through their downstream product divisions. They are also undertaking merger and acquisition activities to own downstream assets and leverage on the increasing demand of aluminium alloys and other products in the key end user industries. <br /><br />The global aluminium alloys market is marked by new product developments and strategic agreements of manufacturers with end-user industries. Players are increasingly investing in research and development activities to expand their product bases and stand ahead in competition. <br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/aircraft.jpg" alt="News" width="517" height="226" /><br />The transportation industry is one of the key consumers of aluminium alloys market. The TMR research identifies following trends that will propel aluminium alloy demand in the transportation industry:<br /><br />&bull; Rapid industrialization <br />&bull; Growing need to have superior means of commuting<br />&bull; High growth in demand for automobiles<br />&bull; Increasing demand for light-weight vehicles- aimed at curbing emissions and optimising fuel usage<br />&bull; Increasing trade between developed and developing nations <br />&bull; Growing influence of light-weighting in aerospace and marine industries<br /><br />{googleAdsense}<br /><br />The price of aluminium alloys is intricately linked with the price of aluminium. As the cost of aluminium fluctuates, the cost of its alloys keeps fluctuating. In addition to this, price fluctuation of alloying elements such as zinc, copper, magnesium, and copper will also impact the global aluminium alloys market during the period under review.<br /><br />The threat of new entrants is expected to rise from low to medium during 2016-2020 but the threat from substitutes will remain low, states TMR report. &nbsp;<br /><br />Finally, the availability of recycled aluminium along with the existing production capacities of several companies will affect the price of aluminium. Nevertheless, "Owing to advantages associated with recycling of aluminium alloys, manufacturers are likely to shift towards recycling in the coming years," says a TMR analyst.</p>