Increasing Usage of Aluminum in BIPV Systems to Boost Global Aluminum Market for Building and Construction

Published Date : Aug 01, 2016

ALBANY, NY, Aug 01, 2016 - has added a new report, titled ‘Global Aluminum Market For Building And Construction 2016-2020,’ to its offering. This study provides estimates on the market’s size on the basis of both volume and value. It also presents a detailed review on the major dynamics impacting the development of the global aluminum market in the sector of building and construction. The prime opportunities and threats encountered by the key vendors operating in the market have also been described in this study. Likewise, the weaknesses and strengths of the prime vendors have been evaluated in this study.

The reports starts by presenting an overview of the global aluminum market. The current size of the market and its predicted size by the end of the forecast horizon has also been presented. The global aluminum market for building and construction is poised to expand at a 6.31% CAGR between 2016 and 2020. Key insights into the pricing of aluminum have also been presented under this part of the study. Aluminum is a widely utilized non-ferrous metal and is almost always in its alloyed state, which greatly enhances its mechanical properties. This is why it is being highly employed in the building and construction sector for roofing, windows, sheathing, doors, etc.

In the next part of the report, the segmentation of the global aluminum market has been presented. On the basis of type, this market is categorized into FRP, extrusion, casting, powder, flakes, and paste. By geography, the market is segmented into Europe, the Americas, Asia Pacific (APAC), and the Middle East and Africa (MEA).

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Moving further, the key factors impacting the development of this market have been analyzed. These include the prime drivers, restraints, opportunities, and trends. The growing demand for nano self-cleaning aluminum composite panels and the increasing usage of aluminum in BIPV systems are the chief trends seen in the market.

On the other hand, the increasing shortages in power result in an imbalance in the demand and supply of aluminum globally. This factor may inhibit the development of the market in the coming years. In addition, the rising challenges in the upstream industry owing to the trade policies in China may impact the downstream development, thus negatively impacting the growth of the aluminum market in the building and construction sector.

The key players operating in this market are Constellium, Alcoa, Gulf Extrusions, Novelis, Sapa, RUSAL, Hindalco Industries, Altaiseer Aluminum, Bahrain Atomizer International, ALUPCO, Balexco, TALCO, and Hulamin Extrusions, among others.

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