NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/04/26 - Surging aluminum usage in automobile manufacturing will propel transportation sector’s aluminum demand to grow 10.8% CAGR during 2011-2014, says RNCOS.com.
According to our recent report “Brazil Aluminum Sector Analysis”, aluminum sector has received tremendous boost in terms of both demand and supply in Brazil owing to its growing usage in various sectors. The yellow metal with its strength and flexibility attributes is becoming metal of choice for manufacturers. Indicating towards a bright future prospect, the report further revealed that nation’s automobile sector will be at the forefront of aluminum consumption and is all set to register 10.8% CAGR growth during 2011-2014.
The report identified that, car stock per 1000 population in Brazil was just over 100 in 2008, however the increase in domestic sales of cars during the past few years has boosted the car stock in the country. Besides, improving economic condition, increasing income level of the personnel, and availability of easy credit has contributed to this growth. Moreover, it is expected that the passenger car stock per thousand populations in the country will surge at a CAGR of nearly 7% during the forecast period and reach to around 153 by 2014. As aluminum usage in automobile manufacturing is strongly surging, the sector will prove decisive for aluminum demand progress in the country.
Apart from transportation, various other sectors including, packaging, electronics, building and construction have also shown promising growth prospects for aluminum industry and their demand for the metal have grown manifold during the last 5 years. It is anticipated that, the sector’s combined aluminum demand will grow in double digit bracket in coming 4-5 years, which will position Brazil as Latin America’s most lucrative business destination for the global aluminum majors.
Our report “Brazil Aluminum Sector Analysis”, has been authored to evaluate aluminum sector growth potentials in Latin America’s most flamboyant economy, Brazil. The report provides statistics/information on all prominent segments of the industry. The report facilitates analysis of raw material trends along with core industry production, consumption, and trade trends. Further, it provides market intelligence on sector wise aluminum demand forecasts for packaging, transport, building & construction, and electrical & electronics.
Most importantly, the report also presents industry forecasts based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the Brazilian aluminum industry, which will prove decisive for the clients.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.