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From 2016 to 2020, the global construction aluminum market grew at a compound annual growth rate of 6.
31%.
Technavio's latest market report shows
:
The four major regions of the global construction aluminum market are located in the Americas, Asia Pacific, Europe, and Middle East
.
Infrastructure development in these regions is driving the demand for aluminum structural parts in the
construction sector.
Infrastructure overhauls in emerging economies such as India and Malaysia will further expand aluminum demand
.
The report points out that the increasing automation of building systems is the main market driver
.
Price fluctuations on the London Metal Exchange (LME) affect the premium
.
On the other hand, this may become a major challenge
for manufacturers and suppliers of aluminum structural parts.
The report shows that the use of aluminum in photovoltaic building integration (BIPV) has increased significantly, and this trend will continue
for a long time.