The report titled “High Strength Aluminum Alloys Market” sheds a concentrated focus on the High Strength Aluminum Alloys industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.
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The Global High Strength Aluminum Alloys Market was valued at USD 37.94 Billion in 2018 and is projected to reach USD 55.24 Billion by 2023, registering a CAGR of 7.8% between 2018 and 2023.
Top Companies Profiled in the High Strength Aluminum Alloys Market:
- Rio Tinto PLC (UK)
- Aluminum Bahrain B.S.C. (Bahrain)
- Mitsubishi Rayon Co. Ltd. (Japan)
- Norsk Hydro ASA (Norway)
- Hindalco Industries Limited (India)
- Alcoa Inc. (US)
- United Company Rusal (Russia)
- Aluminum Corporation of China Limited (China)
- Century Aluminum Company (US)
- China Hongquiao Group Limited. (China)
- Aleris (US)
Automotive & transportation is one of the most important industries that drive economic growth. The rising demand for automobiles has led to an increase in the emissions from the transportation sector and the stakeholders in the automotive industry are focusing on optimizing the performance of the vehicles to ensure sustainable, environment-friendly transportation.
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APAC is the fastest-growing market for high strength aluminum alloys market, in terms of value and volume. China accounted for the largest market share in the APAC high strength aluminum alloy market in 2017. The large number of manufacturers and supplier of high strength aluminum alloy for different end-use industries coupled with cheap labor cost and government incentives are some of the factors driving the demand high strength aluminum alloy.