Aluminum systems are used as building materials and building sector is the biggest consumer of raw materials and energy. Environmental concerns regarding the design and construction of building applications is getting much significant and in the construction field, the building consumes a great amount of energy. Therefore, as a measure to provide sustainable forms and methods to reduce consumption of energy certain alternatives are to be taken into consideration. On the basis of alloy type, the global aluminum systems market is segmented into wrought aluminum alloy and cast aluminum alloy.
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The key driving factors responsible for the growth of Aluminum
Systems market :
Aluminum being a lightweight
material offers the construction industry to design a safe, energy-efficient
and an eco-friendly framework. These materials can be used for a wide range of
design and manufacturing process and in engineering terms, aluminum is
classified as a metal whose basic ingredient is either aluminum or aluminum
alloy.
Pure aluminum is a metal commonly
used for structural purpose in construction. It becomes high in tensile
strength when it is added to other metals such as magnesium or with metalloids.
Aluminum alloys are formed with the metals; whose strength is high and reaches
a higher threshold. Structural aluminum alloys are categorized in various segments
with reference to their chemical composition and the processes. Further, their
physical properties such as lightness are much advantageous to the erection
phases and can be simplified minimizing the loads and the heavy physical labor.
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.
The key driving factors
responsible for the growth of aluminum systems market includes growing demand
from the end-use industry and technological developments. 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.
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.
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