According to market research firm ResearchandMarkets, the global automotive aluminum alloy wheel industry will grow at a compound annual growth rate of 8.48% in 2014-2016, and the main factor contributing to this market growth is the growing demand for automobiles around the world. One of the main drivers of the growth of the aluminum wheel market is the increase in vehicle production and sales. Cosmetic ingredients refer to the various chemicals used to make cosmetics, including natural and synthetic ingredients. Cosmetic Raw Materials,Natural Cosmetics Raw Materials,Raw Cosmetic Ingredients,Raw Materials Used In Cosmetics Wuxi Volksky New Materials Co.,Ltd. , https://www.volkskychem.com
In recent years, many large global companies have outsourced their production in the Asia Pacific region to reduce costs. Many automakers are developing products in developing countries to take advantage of talent and cheap labor. In 2011, several large automakers in Western Europe and North America were outsourcing production operations in China. Therefore, compared with developed economies, the global automotive aluminum alloy wheel industry is developing at a faster rate in developing economies.