Product ID: SQMIG15I2009
Global Aluminum Market Size, Share, Growth Analysis, By Product(Extrusion, Flat Rolled), By End User(Construction, Transportation) - Industry Forecast 2024-2031
Report ID:
SQMIG15I2009 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
68 |
Figures:
75
Global Aluminum Market Regional Insights
The Asia Pacific market has a value of US$ 103.25 billion. As big consumers like China, Japan, and India are present, it is the main factor driving the market's expansion. The region's demand for metal is being driven by the expanding construction and automobile industries. The market is expanding in Europe as a result of factors like the introduction of legislation to reduce automobile emissions and the strong demand from end-use sectors like solar panels and packaging.
Rising demand from automotive and transportation industries dominates the market in North America. One significant reason fueling the market expansion in this region is the use of this metal by EV manufacturers to lighten their vehicles. The causes responsible for the rise in Latin America and the Middle East & Africa are the increased demand from end-users for equipment, consumer durables, and construction materials. The market is also expanding as a result of the expanding building and infrastructure development activities in these areas' growing nations.
Global Aluminum Market Report Snapshots
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