Dublin, July 21, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Aluminum Market for Building and Construction 2016-2020" report to their offering. The global aluminum market for building and construction sector to grow at a CAGR of 6.31% during the period 2016-2020.
Global Aluminum Market for Building and Construction Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend helping to boost market growth is the increased use of aluminum in BIPV systems. BIPV systems are considered as green initiatives. BIPV systems are aluminum-framed photovoltaic systems.
These systems are used in facades and roofs of buildings. In BIPV systems, a thin solar cell is integrated into flat roofs made of polymer roofing membrane. Instead of conventional construction materials, these systems are used as a source of energy in buildings and help reduce the overall cost of construction. Aluminum facades can be installed on old buildings giving them a new look as well as a functional advantage as these materials help in generating renewable energy. According to the report, a key growth driver is the increase in automation of building systems. . Building automation improves the efficiency of building systems by reducing energy consumption, improving the lifecycle of utilities, and enhancing occupant comfort. Aluminum extrusions are used for manufacturing building profile systems as fine, value-added solutions.
These products are increasingly used in the form of windows, doors, facades, and sliding doors in modern high-rise buildings, commercial buildings, and star hotels. Aluminum profiles are gaining market share due to their slim structure, durability, and negligible maintenance cost. Unlike steel, aluminum products do not have insulation limitations; thus, desirable insulation value can be attained with these profiles.
Further, the report states that one challenge that could hamper market growth is fluctuating LME prices which influence premium.
Key vendors
- Alcoa - Constellium - Gulf Extrusions - Hindalco Industries - Novelis - Sapa - RUSAL Other prominent vendors
- Altaiseer Aluminum - ALUPCO - Bahrain Atomizer International - Balexco - Hulamin Extrusions - TALCO
Key Topics Covered:
Part 01: Executive summary Part 02: Scope of the report Part 03: Market research methodology Part 04: Introduction Part 05: Global aluminum pricing Part 06: Market landscape Part 07: Market segmentation by type Part 08: Geographical segmentation Part 09: Market drivers Part 10: Impact of drivers Part 11: Market challenges Part 12: Impact of drivers and challenges Part 13: Market trends Part 14: Vendor landscape Part 15: Key vendor analysis Part 16: Appendix For more information visit http://www.researchandmarkets.com/research/cr...l_aluminum
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