Noida, UP India (PressExposure) December 20, 2011 -- A new research report launched by RNCOS titled, "US Aluminum Market Analysis", anticipates the aluminum market in the US to witness tremendous growth in the coming years. Innovative applications of aluminum by the introduction of light weight are further providing the necessary boost. Aluminum is extensively used as a finished product in the US, specifically in the packaging, transportation, and construction industries. It is further revealed that aluminum usage in electronic devices is increasing compared to other metals. The major benefits contributing to the growth of aluminum in consumer electronics include light weight, high strength, surface finish attributes, and many others.
As per our findings, aluminum has already established its dominance in most of the consumer electronic devices and finding its way in other electronic devices. Rising usage of aluminum in electronic devices compared to other metals is based on a combination of low cost, high electrical conductivity, sufficient mechanical strength, low specific gravity, and brilliant resistance to corrosion. In addition, aluminum is playing a significant role in the US economy as aluminum applications are also expanded in the aerospace, infrastructure, and defense industries. Taking into consideration all the studied factors, the primary aluminum industry is anticipated to grow at a CAGR of around 19% during 2011-2013.
Besides, our report also covers information about the production of primary and secondary aluminum, and the recycling rate of aluminum beverage cans. Our research also indicates that aluminum use in green building industry is likely to surge in the coming years as more and more people are looking forward for environment safety. Additionally, the automobile and construction industry and the aerospace industry in aircrafts and missiles are also witnessing major demand of aluminum, especially due to its light weight property.
Our report, "US Aluminum Market Analysis", is an outcome of extensive research and detailed study of the aluminum industry in the US. It discusses each of the consumption sectors in detail. Most importantly, it facilitates clients to attain prerequisite information prior to making any investment. It also analyzes the future prospects for aluminum industry and their impact on the US aluminum market. Overall, our report entails information about all the required elements necessary for making a substantial investment in the aluminum industry.
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