Global Aluminum Market held USD 151.98 billion in 2019 and is predicted to grow with a CAGR of 3.0% | 2027
The Global Aluminum Market held USD 151.98 billion in 2019 and is predicted to grow with a CAGR of 3.0% from 2020-2027. Read Report Overview @ https://www.nextmsc.com/report/aluminum-market Aluminum is an abundant metal that has strong affinity for oxygen. It has features such as low metal density, resistance to corrosion, high conductivity, nontoxic, and light weight. Due to these advantages of aluminum it is widely used in foil & packaging and pharmaceutical applications so as to preserve food for longer time. Also the electrical conductivity provided by aluminum has encouraged it’s used in electrical transmission applications. The demand of aluminum in the automobile industry has increased owing to the light weight advantage and fuel efficiency has driven the growth of aluminum market. In addition, the reusability of aluminum has increased the use of recycled aluminum products that has fuel the growth of the market. The aluminum market size is expected to ...