𝐌𝐞𝐱𝐢𝐜𝐨 𝐀𝐥𝐮𝐦𝐢𝐧𝐢𝐮𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐌𝐞𝐱𝐢𝐜𝐨 𝐀𝐥𝐮𝐦𝐢𝐧𝐢𝐮𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 size is predicted to reach USD 6.07 billion at a CAGR of 6.7% till 2030. The aluminium market involves the sector engaged in the production, distribution, and application of aluminium, a lightweight and silvery-white metal. Aluminium constitutes about 8% of the Earth's crust and is recognized for its low density, strength, and inherent corrosion resistance, which is provided by a natural oxide layer. 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 : 𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐢𝐧 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 : Mexico's position as a key automotive manufacturing hub drives significant demand for aluminium, particularly in lightweight vehicle components. The shift towards electric vehicles (EVs) further boosts the use of aluminium for battery casings and structural parts. 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐔𝐬𝐞 𝐢𝐧 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐬 : Aluminium is increasingly used in Mexico’s construction sector due to its durability, lightweight properties, and aesthetic appeal. Infrastructure development and urbanization are key drivers for aluminium demand in building materials like windows, facades, and structural frameworks. 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐢𝐧 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 : The food and beverage industry's growth, coupled with consumer preference for sustainable packaging, is driving demand for aluminium cans and foil. Aluminium’s recyclability makes it a preferred material in the Mexican packaging industry. https://www.nextmsc.com/report/mexico-aluminium-market

𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞 𝐀𝐥𝐮𝐦𝐢𝐧𝐢𝐮𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞 𝐀𝐥𝐮𝐦𝐢𝐧𝐢𝐮𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 size is predicted to reach USD 71.27 billion at a CAGR of 3.9% till 2030. The aluminium market includes the industry involved in the production, distribution, and use of aluminium, a lightweight, silvery-white metal. Aluminium constitutes about 8% of the Earth's crust and is known for its low density, high strength, and natural corrosion resistance due to an oxide layer. 𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 : 𝐑𝐢𝐬𝐢𝐧𝐠 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 : Aluminium is increasingly used in the construction sector for modern architectural designs, facades, windows, and energy-efficient building materials. Europe's green building initiatives and urban infrastructure projects are further fueling this trend. 𝐄𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐑𝐨𝐥𝐞 𝐢𝐧 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 : Aluminium's lightweight and durable properties make it essential for renewable energy projects, including wind turbines and solar panel frames. Europe’s aggressive transition to renewable energy sources is bolstering demand for aluminium in these applications. 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐇𝐢𝐠𝐡-𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐀𝐥𝐥𝐨𝐲𝐬 : European manufacturers are focusing on producing high-strength and corrosion-resistant aluminium alloys for use in advanced industries such as aerospace, defense, and transportation. This innovation is critical for maintaining the region's competitive edge in global markets. https://www.nextmsc.com/report/europe-aluminium-market

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The global asphalt market is expected to gain traction from the ongoing technological advancements taking place in the mixing plants. Besides, several manufacturers are focusing on developing state-of-the-art solutions to fulfill industry requirements and consumer demand worldwide. This information is given by Fortune Business Insights™ in a recently published report, titled, “Asphalt Market Size, Share & Industry Analysis, By Product (Paving, Roofing, and Others), By Application (Roadways, Waterproofing, Recreation, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the asphalt market size stood at USD 222.0 million in 2019 and is expected to reach USD 321.5 million by 2027, exhibiting a CAGR of 4.8% during the forecast period. Information Source- https://www.fortunebusinessinsights.com/asphalt-market-102998 This Report Answers the Following Questions: What are the significant market growth drivers and obstacles? Which segment is set to lead the market in terms of share? How will the companies cope up with the current outbreak of the coronavirus infection? What are the crucial strategies adopted by companies to intensify competition? Drivers & Restraints- Rising Need for Protecting Buildings from Harsh Weather to Drive Growth The frequently changing climatic conditions are affecting the infrastructures. Hence, consumers are becoming more aware of the same. Apart from this, the rising concerns about global warming are starting to influence several consumers to use novel technologies for preventing the structures from extreme weather conditions. It is, in turn, resulting in the high demand for roofing to protect new and aging structures. Asphalt is nowadays increasingly utilized in applications such as waterproofing and recreation. Waterproofing is necessary for avoiding dampness, leakages, decay, molds, and mildew in buildings. However, many people are gradually inclining towards cement roadways from bitumen roads. It may hamper the asphalt market growth in the coming years. Segment- Roadway Segment to Dominate Fueled by Expansion of Construction Industry In terms of application, the market is segregated into recreation, waterproofing, roadways, and others. Amongst these, the recreation segment generated 17.4% in 2019 in terms of asphalt market share. This growth is attributable to the rising population worldwide. The roadways segment is anticipated to dominate stoked by the expansion of the construction industry. However, owing to the present pandemic, the construction industry may decline in 2020, but start growing once again in the forthcoming years. Regional Analysis- Asia Pacific to Remain at the Forefront Stoked by Rapid Urbanization Asia Pacific is set to grow considerably in the coming years because of the presence of a well-established construction sector in this region. The developing nations, such as India, China, and South Korea are the major contributors to growth. Industry consolidations and rapid urbanization in these countries would also affect the market positively. However, COVID-19 pandemic has reduced the growth rate. As per our research, Hong Kong’s construction industry recently laid off approximately 50,000 employees on account of the disruptions in the supply of labor and raw material from China. In 2019, North America, on the other hand, procured USD 65.43 million in terms of revenue. This growth is attributable to the rising trend of maintenance of highways and roadways, as well as the recreation of residential buildings. Coupled with these, favorable government policies, rising construction activities, and robust economic growth are anticipated to drive the demand for asphalt in this region. Competitive Landscape- Key Companies Focus on Bagging Orders from Other Enterprises to Surge Sales The global market is highly fragmented with the presence of numerous big, medium, and small-sized companies globally. They are persistently adopting the strategies of investment, gaining new projects, mergers & acquisitions, collaborations, and others. Below is one of the most recent industry developments: March 2020: CEMEX, a renowned provider of building materials, recently supplied more than 25,000 tonnes of asphalt to RAF Coningsby, a Quick Reaction Alert Stations in the U.K. It protects the UK airspace. CEMEX helped in meeting the complex asphalt specifications provided by the Ministry of Defence. Fortune Business Insights™ presents a list of all the asphalt manufacturers operating in the global market. They are as follows: Solaris Bus & Coach S.A ŠKODA ELECTRIC A.S. Hometown Trolley Astra Bus Gomaco Trolley Co. Molly Corporation Salzburg AG Pandrol BPSWA INC. Bohdan Corporation ZF Friedrichshafen AG Kiepe Electric GmbH New Flyer of America Inc. Dina Yutong Carrosserie HESS AG