Infrastructure Market Growth

Rapid urbanization, growth in transport industry and technological advancements in aluminum manufacturing to drive India aluminium market through 2024 According to TechSci Research report,  “ India  Aluminium Market   By Type, By Application, By Processing Method ,  Competition, Forecast & Opportunities, 2024 ” , India aluminium market is expected to grow at a CAGR of around 10% during the forecast period owing to its superior properties such as ductility, durability, high strength, corrosion resistance, reflectivity, among others, which make it a material fit for use in various end-use industries. Additionally, aluminum also has the advantage of a practically infinite capacity for recycling, making it a preferable choice in terms of environmental protection. However, high cost of production is a major issue, led by high power costs that account for 20-30% of production can hamper the growth of market during forecast period. Additionally, challenge...