aluminum alloys market is driven by Increasing Application in Automotive Industry
The aluminum alloys market comprises of aluminum blended with various other elements like copper, magnesium, manganese, silicon and zinc to improve its corrosion resistance, strength and other characteristics. Aluminum alloys provide benefits like light weight, high strength, corrosion resistance and recyclability making them an ideal material for various industrial applications. The automotive industry has widely adopted aluminum alloys for its parts and components in a bid to reduce vehicle weight and improve fuel efficiency.
The global aluminum alloys market is estimated to be valued at US$ 16.2 Bn in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period of 2024 to 2031.
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https://www.zupyak.com/p/4...
The aluminum alloys market comprises of aluminum blended with various other elements like copper, magnesium, manganese, silicon and zinc to improve its corrosion resistance, strength and other characteristics. Aluminum alloys provide benefits like light weight, high strength, corrosion resistance and recyclability making them an ideal material for various industrial applications. The automotive industry has widely adopted aluminum alloys for its parts and components in a bid to reduce vehicle weight and improve fuel efficiency.
The global aluminum alloys market is estimated to be valued at US$ 16.2 Bn in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period of 2024 to 2031.
Get More Insights On Aluminum Alloys Market
https://www.zupyak.com/p/4...
14 days ago
