Global Aluminium FRP Market is likely To Reach a CAGR of Approximately 3.64% until 2019: Radiant Insights,Inc

“Radiant Insights”
Research Report On “Global Aluminium FRP” This market research report emphasizes on the involvement of industries such as food and beverages, automobile and construction, and defence and aerospace. It is easily recyclable and resistant to corrosion, thus reducing maintenance and increasing the life of the product .

Deep Research on “Global Aluminum FRP” The demand for aluminium FRP from the automobiles industry is driving the market. This is because aluminium FRP is replacing steel in automobiles and transport. It is preferred over other metals due to its light weight leading to reduced fuel consumption and reduced greenhouse gas emission.

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Plates and sheet accounted for more than three-fourth of the market in 2014, and the study predicts a decline in its market share by 2019. However, it is considered as an important FRP material due to its usage in the food and beverages and automobiles industries. The demand for light weight material will emerge as a key growth driver for this segment during the forecast period.

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APAC dominates the market with many developing countries contributing to its growth. China was the largest producer of aluminium FRP in 2014, followed by Japan and Taiwan. China is focusing on balancing internal market by discouraging export of primary aluminum by imposing high duties. At the same time, it is giving VAT rebates for export of semi-fabricated and value-added products, thus, encouraging the export of high value products.

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Company Name: Radiant Insights, Inc.
Contact Person: Michelle Thoras, Corporate Sales Specialist – USA
Phone: (415) 349-0054, Toll Free: 1-888-202-9519
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City: San Francisco
State: California
Country: United States