26 JUNE 2013Fortmilltimes.com
Research forecasts global aluminium industry to reach US$160billion in 2017
Edited by : AL CIRCLE
1 min read
The global aluminium industry is forecast to reach an estimated US$160billion in 2017 with a CAGR of 5.3% over the next five years (2012-2017), says Research and Market agency.
Increasing application, growing environmental concerns, and the move toward greater use of recyclable materials are driving growth in the worldwide aluminium market,according to the agency.
According to their reports, the aluminium industry is highly consolidated. The Asia Pacific (APAC) region dominates the industry. A combination of factors such as growth in related complementary industries, additional governmental regulations, and cyclical fluctuations in input prices, general economic conditions, and expansion in end-user markets influence the industry dynamics significantly.
The industry grew at a good pace during 2006-2011 due to growth in end-user markets such as transportation and packaging, which constitute approximately 45% of the industry consumption. Additionally, the boom in the construction and infrastructure markets is also driving the aluminium market.
Increasing application, growing environmental concerns, and the move toward greater use of recyclable materials are driving growth in the worldwide aluminium market,according to the agency.
According to their reports, the aluminium industry is highly consolidated. The Asia Pacific (APAC) region dominates the industry. A combination of factors such as growth in related complementary industries, additional governmental regulations, and cyclical fluctuations in input prices, general economic conditions, and expansion in end-user markets influence the industry dynamics significantly.
The industry grew at a good pace during 2006-2011 due to growth in end-user markets such as transportation and packaging, which constitute approximately 45% of the industry consumption. Additionally, the boom in the construction and infrastructure markets is also driving the aluminium market.
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