Aluminum Alloys Market for Transportation, Construction, Packaging,
Machinery, Electrical and Other End-users - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2014 - 2020
83 Page Report
Global Aluminum Alloys Market is Expected to Reach USD 126.5
Bn by 2020
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Aluminum Alloys Market
Transparency Market Research has released a new market report. According to the report, the global aluminum alloys
market was valued at US$ 91.23 Bn in 2013 and is projected to reach US$ 126.5 Bn by 2020, expanding at a CAGR of
4.8% from 2014 to 2020.
Aluminum alloys, in general, are the alloys, wherein an alloying metal is added to the base metal (aluminum) to improve
the properties of pure aluminum and make it suitable for specific applications. Aluminum is the base element in these
alloys; therefore, the content of aluminum is the highest. Transportation was the largest end-user segment of the global
aluminum alloys market in 2013, due to rising demand from industries such as automotive, aerospace and marine. In
terms of volume, the transportation segment accounted for more than 40% of the global market in 2013.
Browse the full Aluminum Alloys Market report at
Transportation is estimated to be the fastest growing segment of the global aluminum alloys market in the next few years.
Rise in industrialization and increasing need for superior means of commuting has boosted the industry in the last decade.
Steady growth in industries such as automotive, aerospace and marine is responsible for the advancement of the
transportation end-user segment. Higher focus on...