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03 JULY 2017 AL CIRCLE

Global aluminium market projected to reach $167,277 million by 2022

EDITED BY : HEENA IQBAL 1MINS READ

The global aluminium market which was valued at $133,564 million in 2015 is forecasted to be valued at $167,277 million by 2022. The market will grow at CAGR of 3.3 per cent from 2016 to 2022, according to newly published report by Allied Market Research.

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In 2015, the transport sector was dominated the market in terms of revenue with more than one-fourth share. The segment is projected to grow further, with an anticipated CAGR of 3.6 percent.

This sector is driving the growth of aluminium market worldwide followed by other end user sectors such as foil & packaging. The automotive manufacturers in North America planned to increase aluminium usage in light trucks and cars by over 40 per cent by 2025. 

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Asia-Pacific will lead the market during the forecast period.  Asia-Pacific is followed by Europe.  Asia-Pacific and Europe contributed more than half of the share to the global aluminium market revenue in 2015.


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EDITED BY : HEENA IQBAL 1MINS READ

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