- The key vendors in the Global Aluminum Sheet and Plate Market 2015-2019 are Alcoa Inc, Hindalco Industries Ltd and UACJ Corporation.
London, 31 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Aluminum Sheet and Plate Market 2015-2019. One key emerging trend witnessed in this market is the development of all-aluminum automobiles. Reduction in weight would significantly reduce carbon dioxide emissions and increase fuel efficiency of the vehicle. The market is expected to grow at a CAGR of 7.04 percent during the period 2015-2019.
The APAC region is expected to be the fastest growing market for the Global Aluminum Sheet and Plate market because of demand for consumer durables and increased manufacturing of automobiles in the region. The region accounted for the largest share in the Global Aluminum Sheet and Plate market accounting for 43.89 percent in 2014 and is expected to have a share of 45.57 percent in 2019China is the largest market for aluminum in the APAC region.
“Increased awareness and need for more environmental protection among end-users has made them increasingly adopt aluminum because of it being recyclable and environment-friendly,” says Faisal Ghaus, Vice President of TechNavio Research.
“Recycling of aluminum takes less than 10 percent of energy compared to producing primary aluminum which will help in saving cost and energy for aluminum producers.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
