Title: The Aluminium FRP Market growth outlook with industry review and forecasts
1Aluminium FRP Market Price, Trends, Industry
Outlook Forecast 2017-2024
2Global Market Scenario of Aluminium FRP Market
Industry
- Aluminium FRP Market size will witness
substantial growth during forecast period with
its application in construction, automobile,
packaging and defence industry. Automobile
industry has grown at a CAGR of above 4.5 in
last five years. - These are preferred over steel owing to higher
malleability and corrosion resistance as compared
to steel. Light material for construction of
automobile components and aerospace industry are
major factor driving the industry. - Recent strengthening of oil price has increased
investment in engineering and construction
industry. It is widely used in LNG tanks owing to
light weight and resistance to brittleness at low
temperature. - In packaging material, it reduces the wastage and
light in weight. Packaging industry is expected
to a CAGR above 5 in next seven years and will
drive aluminium FRP market.
3 Continue
- Flat rolled aluminium is sheets of required
thickness, size and surface finish. Superior
properties Including light weight, ductility,
malleability, heat and electrical conductivity,
nontoxic and non-combustible will enhance the
industry growth. - Reasons to Buy This Report
- 1. Aluminium FRP Market size share
forecast by product application, 2017-2024 - 2. Growth drivers, pitfalls industry
challenges - 3. Key Aluminium FRP Market growth
opportunities emerging business models - 4. Competitive benchmarking with market
share analysis and company profiles - Major restriction for aluminium FRP market is
high capital cost and low strength as compared to
steel. Their storage requires more care as their
surface finish gets tempered easily and may
corrode due to electrolysis. But their
manufacturing plants produce less toxic waste and
it is easier to abide by strict government
regulations for air pollution and waste disposal
that overcomes its disadvantages. - It is obtained in wide range of finishing namely
patterned, plated, polished, painted, etched and
laminated. These can easily be laminated over
other materials to obtain anti corrosive
characteristics.
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Research Methodology
5Regional Insights
- Asia Pacific has substantial market share in
global aluminium FRP market with presence of
China as largest producer. In this region,
beverage packing has grown at a CAGR of over 7
in last ten years and anticipated to enhance its
consumption. - Europe led by Germany has moderate share owing to
well established and flourishing automobile
industry along with big players including Audi
and Volkswagen. - North America led by the U.S. has significant
share in aluminium FRP market with prevailing
defence industry aimed at strengthening military
and will grow by around 3.2 in next five years. - Latin America and MEA has nascent share but will
show healthy growth with increasing construction
spending and food packaging industry due to
foreign tourism.
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oming/1900
6Competitive Insights
- Aluminium FRM market is highly fragmented with
presence of substantial number of local and
regional players. Prominent players include - Aleris, Alba, EGS, Alcoa, Hindalco, Novo Hydro,
RUSAL, Vedanta and UACJ to name a few. Companies
are employing merger and acquisition strategy to
enhance their market share. Hindalco acquired
Novelis to spur its overall production.
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