Market Revenue Aluminum Systems Market Status and Prospect | Page 2

From the commercial point of view, the global aluminum systems market is anticipated to grow at a higher CAGR
as aluminum alloy accounts for a larger share in the global construction business. Thus, with the market
dynamics and driving factors the global market is anticipated to grow at a higher CAGR during the forecast
period.
Additionally, economic development plays a crucial role in augmenting the demand for aluminum systems
market. Moreover, the prime factors that enhance the growth of aluminum systems market account as rise in
consumption and demand for value-added and sustainable products.
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On the basis of alloying element, the global aluminum systems market is segmented into silicon, magnesium,
manganese, copper and zinc. Silicon is anticipated to grow at a higher CAGR during the forecast period owing
to rise in demand for end-user industries. On the basis of application, the global aluminum systems market is
segmented into transportation & logistics, construction, packaging, electrical & electronics and manufactured
and machined components.
On the basis of geographic segmentation, the global aluminum systems market spans North America, Europe,
Asia-Pacific, and Middle-East & Africa. North America dominates the global market owing to highly disposable
income of people. APAC regions exhibit a trajectory growth during the forecast period owing to large volume
production. The key players in the global aluminum systems market include United Company Rusal, Alcoa Inc,
Aluminum Corporation of China, Rio Tinto and BHP Billiton.
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