According to the forecast by the International Aluminum Institute (IAI), the global aluminum market will keep growing due to aluminum’s excellent properties. It was expected that the global aluminum demand will reach around 164 million tons per year by 2040, which was up by 65.8 million tons compared to 2018, with an average annual growth rate of 2.37%.
Among them, the output and sales volume of aluminum castings came to 37.7 million tons roughly, up by 52.3% compared to 2018.
IAI: Global aluminum demand keeps growing by 2040
16 Oct 2019 16:17 reported by Joy Liu
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