Research and Markets has announced the addition of the "Global Aluminum Industry 2012-2017: Trend, Profit, and Forecast Analysis" report to their offering.
The global aluminum industry is forecast to reach an estimated US$160billion in 2017 with a CAGR of 5.3% over the next five years (2012-2017).
Increasing application, growing environmental concerns, and the move toward greater use of recyclable materials are driving growth in the worldwide aluminum market.
Lucintel, a leading global management consulting and market research firm, has analyzed the global aluminum industry and presents its findings in Global Aluminum Industry 2012-2017: Trend, Profit, and Forecast Analysis.
The aluminum industry is highly consolidated. The Asia Pacific (APAC) region dominates the industry. A combination of factors such as growth in related complementary industries, additional governmental regulations, and cyclical fluctuations in input prices, general economic conditions, and expansion in end-user markets influence the industry dynamics significantly.
Lucintel's research indicates that the industry grew at a good pace during 2006-2011 due to growth in end-user markets such as transportation and packaging, which constitute approximately 45% of the industry consumption. Additionally, the boom in the construction and infrastructure markets is also driving the aluminum market.
As the study indicates, the rising cost of input materials, achieving economies of scale to reduce costs and improve the quality of output, scarcity of raw materials, increasing energy costs, and government regulations are major challenges for the industry. Although aluminum has enjoyed historic importance in the packaging industry, that position is growing due to its strong, lightweight, and recyclable nature.
Lucintel's study provides an overview of the global aluminum industry, tracking one market segment of that industry across four geographic regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (ROW). Thus, four segments of the global aluminum industry are tracked.