Wrought Aluminium Alloys to Account for 62.7% of Total Alloy Sales by 2032
Fact.MR’s latest study on the global aluminium alloys market provides a detailed analysis of various drivers, trends, and opportunities from 2022 to 2032. In addition, it presents elaborate information about the leading segments in terms of type, casting/operation and region.
NEW YORK, Jan. 25, 2022 /PRNewswire/ — The global aluminium alloys market is expected to grow at an annual rate of 8.1% from 2022 to 2032, from US$ 131 billion in 2022 to US$ 287 billion in 2032.
According to a market analysis by Fact.MR, a market research and competitive intelligence service, global volume consumption of aluminium alloys increased at a CAGR of roughly 6.5% over the past half-decade. By the end of 2021, global volume use of the metal was estimated to be about 54,360 kilo tonnes.
The transportation industry’s use of aluminium alloys and the building and construction industry’s use of aluminium alloys have been the two most profitable areas, accounting for the majority of aluminium alloy sales revenue.
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