Technavio Announces the Publication of its Research Report Global Aluminum Foils Market 2016-2020
Technavio recognizes the following companies as the key players in the global aluminum foils market: Alcoa, Ess Dee Aluminium, GARMCO, Hindalco Industries, Norsk Hydro, and RUSAL.
Other Prominent Vendors in the market are: Ess Dee Aluminium, Elval, JW Aluminum, Norandal, and Wanji Aluminium.
Browse full report with TOC@ https://marketreportscenter.com/reports/344149/global-aluminum-foils-market-2016-2020
Commenting on the report, an analyst from Technavios team said: Technological advancements and product innovations will be a key trend for market growth. Aluminum foil producers are adapting new technologies to reduce carbon emission during the production process. For instance, Norsk Hydro uses catalytic exhaust air treatment technology that is applicable for all foil annealing furnaces. This helped in reducing odor in process exhaust, carbon emission, and energy cost.
According to the report, increase in demand from healthcare industry will be a key driver for market growth. The healthcare industry includes the pharmaceutical and medical devices sectors, which are growing at a fast pace in developed and developing countries. The fast growth in these sectors is increasing the scope for vendors of packaging materials to invest in products that offer better quality and reliability. Many companies are expanding their businesses in emerging countries with economies that have immense growth potential.
Further, the report states that competition from China will be a major challenge for the market. China is the largest producer of aluminum FRP. It is focusing on balancing the internal market by discouraging the export of primary aluminum by imposing higher duties and encouraging the export of semi-fabricated and value-added products by giving value-added tax rebates. As a result of this strategy, regions such as the European Union is facing...