Global Aluminum Alloy Market Share, Regional Outlook, Scope, & Insight by 2029
Market Definition
Aluminum alloys are
alloys with a higher percentage of aluminum metal in their composition.
Aluminum is a common metal that is utilized in a variety of industries, including
transportation, transportation, and electronics. To improve the qualities of
pure aluminum and make it acceptable for a wide variety of uses, alloying metal
is added to the base metal aluminum in aluminum alloys.
Recent Developments
§
In December 2021,
Rusal has announced a $12 million investment in the renovation of its alloy
automobile wheel plant in SKAD, Russia. The company intends to broaden its
commercial capabilities and target high-growth countries with rising aluminum
alloy demand in Germany.
§
In November 2021, CBA
Brazil announced the purchase of approximately 80% of Alux, a secondary alloyed
aluminum producer. CBA has invested much in expanding its manufacturing
capacity and is expected to do so again in the foreseeable future.
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Global Aluminum Alloy Market Scope
The aluminum alloy market is segmented on the basis of product,
sensitivity type, design type, strength type and application. The growth
amongst these segments will help you analyze meagre growth segments in the
industries and provide the users with a valuable market overview and market
insights to help them make strategic decisions for identifying core market
applications.
Product
·
Wrought Alloy
·
Cast Alloy
Primary Foundry Alloys
§
Al-Si Family
§
AISi7Mg0
§
AlSi9Mg
§
AISi5Mg
§
AlSi10MnMg
§
AlSi9MnMoZr
§
AlSi9
§
AlSi10MnMg
§
AlSi102MnMgZn
§
Others
§
Al-Zn Family
§
AlZn10Si8Mg
§
AlZn3Mg3Cr
§
AlZn5Mg
o
Al-Mg Family
o
§
AlMg3
§
AlMg3Si
§
AlMg5
§
AlMg5Si
§
AlMg5Si2Mn
§
AlMg7Si3Mn
o
Al-Cu Family
o
§
AlCu4TiMg
§
AlCu4TiMgAg
§
AlCu4Ti
§
AlCu5NiCoSbZ
§
Others
§
Others
§
Secondary Foundry Alloys
Sensitivity Type
·
Heat Treatable Alloys
·
Non Heat-Treatable Alloys
Design Type
·
2000 Series
·
3000 Series
·
4000 Series
·
5000 Series
·
6000 Series
·
7000 Series
·
Others
Strength Type
·
Ultra-High Strength
Application
·
Transportation
·
Automotive
Body Parts
o
Frame
o
Hood
o
Bumper Structures
o
Doors
o
Body Shells
o
Cabin Parts
o
Others
Engine Parts
o
Pistons
o
Camshafts
o
Crankshafts
o
Cylinder Heads
o
Engine Blocks
o
Others
o
Wheels
o
Powertrain
o
Suspension Parts
o
Chassis
o
Others
o
Building and Construction
o
Siding and Roofing
o
External Facades
o
Windows and Doors
o
Staircases
o
Railings
o
Others
o
Packaging
o
Machinery
o
Electrical
o
Marine
o
Ship Building
o
Yacht Building
o
Boat Building
o
Consumer Durables
o
Refrigerator Coolants
o
Cooking Utensils
o
Furniture
o
Laptop and Desktop Parts and Accessories
o
Tablets and Smartphone Parts
o
Others
o
Aerospace
o
Others
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Competitive Landscape and Aluminum Alloy Market Share Analysis
The
aluminum alloy market competitive landscape provides details by
competitor. Details included are company overview, company financials, revenue
generated, market potential, investment in research and development, new market
initiatives, global presence, production sites and facilities, production
capacities, company strengths and weaknesses, product launch, product width and
breadth, application dominance. The above data points provided are only related
to the companies' focus related to aluminum alloy market.
Some
of the major players operating in the aluminum alloy market are
§
Aluminium Corp (China)
§
Rio Tinto (UK)
§
Dupont (U.S.)
§
Alcoa Corporation
(U.S.)
§
RUSAL (Russia)
§
Hindalco Industries
Limited (India)
§
UACJ Corporation
(Japan)
§
SOLVAY (Belgium)
§
Norsk Hydro ASA
(Norway)
§
AluminIum BahraIn
B.S.C. (Alba) (Bahrain)
§
DAIKIN (Japan), Aleris
International Inc. (U.S.)
§
Teijin Limited (Japan)
§
Mitsubishi Chemical
Holdings Corporation (Japan)
§
Emirates Global
Aluminium PJSC (UAE)
§
Constellium (France)
§
Kobe Steel Ltd.
(Japan)
§
Magna International Inc.
(Canada)
§
IBC Advanced Alloys
Corp (U.S.)
Aluminum Alloy Market Regional Analysis/Insights
The aluminum alloy market
is analyzed and market size insights and trends are provided by country,
product, sensitivity type, design type, strength type and application as
referenced above.
The countries covered in the aluminum alloy market report are
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands,
Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe,
China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand,
Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC),
Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and
Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and
Rest of South America as part of South America.
North America dominates the aluminum alloy market in terms of
market share and market revenue and will continue to flourish its dominance
during the forecast period of 2022-2029. The market growth over this region is
attributed to the increased consumer preferences for high-quality, more
fuel-efficient motor vehicles. Furthermore, the high aluminum alloy volume
consumption by U.S. further encourages regional growth. For instance, in 2021,
the volume of aluminum alloy consumed in the United States was 6,523 kilo
tonnes, with a 2.1% annual increase expected.
Asia-Pacific on the other hand, is estimated to show lucrative
growth over the forecast period of 2022-2029, due to its increasing use in the
automotive end-use industry within the region. Moreover, high development in
India and Southeast Asian countries will boost sales of aluminum alloys over
the forecast period.
TOC Of The Report :
·
Chapter One: Introduction
·
Chapter Two: Market
Segmentation
·
Chapter Three: Market
Overview
·
Chapter Four: Executive
Summary
·
Chapter Five: Premium
Insights
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