Market Overview:
The global aluminium alloy market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and durable materials across various applications. In terms of type, the heat-treatable alloys segment is expected to lead the market during the forecast period, owing to its superior properties such as high strength-to-weight ratio and corrosion resistance. In terms of application, electrical application is projected to be one of the fastest growing segments during the forecast period.
Product Definition:
Aluminium alloys are alloys in which aluminium (Al) is the predominant metal. The typical alloying elements are copper (Cu), magnesium (Mg), manganese (Mn), silicon (Si) and zinc (Zn).
Heat-Treatable Alloys (2xxx Series, 6xxx Series, 7xxx Series):
Heat-treatable alloys (HTAs) are a group of materials that can be processed using heat. HTAs have high strength and wear resistance, which makes them suitable for applications such as automotive components, aerospace parts, and industrial machinery. The demand for HTAs is expected to grow at a significant pace owing to the increasing use of aluminum alloys in aircraft manufacturing.
Non Heat-Treatable Alloys (3xxx Series, 4xxx Series, 5xxx Series):
Non-heat treatable alloys (3xxx, 4xxx, 5xxx) are a group of high strength materials consisting of aluminum and metals such as magnesium and silicon. The 3XXX series consists of materials with relatively low yield strength but excellent plasticity. It is used for manufacturing components in automotive & transportation industry due to its high wear resistance properties at elevated temperatures.
Application Insights:
The architectural application segment led the global market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to increasing construction activities in developing countries, such as India, China and Brazil. In addition, growing urbanization across various regions is expected to augment product demand for structural applications over the coming years.
In terms of revenue, automotive was the largest segment in 2017 and is anticipated to witness significant growth during the forecast period on account of rising vehicle production globally due to increasing disposable income levels coupled with population expansion trends across several regions including North America and Europe Pacific). This trend has resulted in increased product penetration into this end-use industry which will provide scope for further growth during future phases of analysis pertaining aluminum alloys consumption patterns over various automotive applications globally.
Regional Analysis:
Asia Pacific is anticipated to be the largest and fastest-growing regional market over the forecast period. The region accounted for a volume share of 68.2% in 2017 owing to high product demand from end-use industries, such as electrical & electronics, automotive, construction, packaging and transportation. China was one of the largest producers and consumers of heat treatable aluminum alloys in Asia Pacific due to its large aluminum reserves which are primarily used for manufacturing electric vehicles by domestic manufacturers such as Zhejiang Geely Holding Group Co., Ltd., Dongfeng Motor Corporation (DRONE), BYD Auto Co., Ltd., Changan Automobile (Group) Co., Ltd.
The European market is expected to witness significant growth over the coming years on account of rising product demand from major application sectors including automotive, aerospace & defense.
Growth Factors:
- Growing demand from the automotive and transportation sector: The global automotive and transportation sector is growing at a rapid pace, owing to the increasing population and rising income levels in developing countries. This is resulting in an increase in the demand for aluminium alloys, as they are used extensively in these sectors for manufacturing various components.
- Rising demand from the construction sector: The global construction industry is witnessing a steady growth, driven by the increasing urbanization and infrastructure development across different regions of the world. This is leading to an increase in the demand for aluminium alloys, as they are extensively used in construction applications such as window frames, door frames, roofing systems, etc.
- Increasing use of lightweight materials: Aluminium alloys are increasingly being used as lightweight materials due to their high strength-to-weight ratio. This has led to their increased adoption in a number of end-use industries such as aerospace & defense, automotive & transportation, etc., where weight reduction plays a key role.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminium Alloy Market Research Report
By Type
Heat-Treatable Alloys (2xxx Series, 6xxx Series, 7xxx Series), Non Heat-Treatable Alloys (3xxx Series, 4xxx Series, 5xxx Series), Other
By Application
Electrical Application, Food Packaging, Truck and Marine Frames, Aircraft Industry, Structural and Automotive Application, Architectural Application
By Companies
United Aluminum, AlcoTec Wire Corporation, Hydro, Aalco Metals Limited, ELVAL, RUSAL, Atlas Steels, Wilsons Ltd, Stena Aluminium, Comet Metals, United Aluminum
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Aluminium Alloy Market Report Segments:
The global Aluminium Alloy market is segmented on the basis of:
Types
Heat-Treatable Alloys (2xxx Series, 6xxx Series, 7xxx Series), Non Heat-Treatable Alloys (3xxx Series, 4xxx Series, 5xxx Series), Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electrical Application, Food Packaging, Truck and Marine Frames, Aircraft Industry, Structural and Automotive Application, Architectural Application
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- United Aluminum
- AlcoTec Wire Corporation
- Hydro
- Aalco Metals Limited
- ELVAL
- RUSAL
- Atlas Steels
- Wilsons Ltd
- Stena Aluminium
- Comet Metals
- United Aluminum
Highlights of The Aluminium Alloy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heat-Treatable Alloys (2xxx Series, 6xxx Series, 7xxx Series)
- Non Heat-Treatable Alloys (3xxx Series, 4xxx Series, 5xxx Series)
- Other
- By Application:
- Electrical Application
- Food Packaging
- Truck and Marine Frames
- Aircraft Industry
- Structural and Automotive Application
- Architectural Application
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aluminium Alloy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aluminium alloy is a metal alloy that contains aluminium and other elements. It is often used in products that need to be strong but lightweight, such as aircraft parts and car parts.
Some of the major companies in the aluminium alloy market are United Aluminum, AlcoTec Wire Corporation, Hydro, Aalco Metals Limited, ELVAL, RUSAL, Atlas Steels, Wilsons Ltd, Stena Aluminium, Comet Metals, United Aluminum.
The aluminium alloy market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aluminium Alloy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aluminium Alloy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aluminium Alloy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aluminium Alloy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aluminium Alloy Market Size & Forecast, 2020-2028
4.5.1 Aluminium Alloy Market Size and Y-o-Y Growth
4.5.2 Aluminium Alloy Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Heat-Treatable Alloys (2xxx Series
5.2.2 6xxx Series
5.2.3 7xxx Series)
5.2.4 Non Heat-Treatable Alloys (3xxx Series
5.2.5 4xxx Series
5.2.6 5xxx Series)
5.2.7 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electrical Application
6.2.2 Food Packaging
6.2.3 Truck and Marine Frames
6.2.4 Aircraft Industry
6.2.5 Structural and Automotive Application
6.2.6 Architectural Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aluminium Alloy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aluminium Alloy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Heat-Treatable Alloys (2xxx Series
9.6.2 6xxx Series
9.6.3 7xxx Series)
9.6.4 Non Heat-Treatable Alloys (3xxx Series
9.6.5 4xxx Series
9.6.6 5xxx Series)
9.6.7 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electrical Application
9.10.2 Food Packaging
9.10.3 Truck and Marine Frames
9.10.4 Aircraft Industry
9.10.5 Structural and Automotive Application
9.10.6 Architectural Application
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Heat-Treatable Alloys (2xxx Series
10.6.2 6xxx Series
10.6.3 7xxx Series)
10.6.4 Non Heat-Treatable Alloys (3xxx Series
10.6.5 4xxx Series
10.6.6 5xxx Series)
10.6.7 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electrical Application
10.10.2 Food Packaging
10.10.3 Truck and Marine Frames
10.10.4 Aircraft Industry
10.10.5 Structural and Automotive Application
10.10.6 Architectural Application
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Heat-Treatable Alloys (2xxx Series
11.6.2 6xxx Series
11.6.3 7xxx Series)
11.6.4 Non Heat-Treatable Alloys (3xxx Series
11.6.5 4xxx Series
11.6.6 5xxx Series)
11.6.7 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electrical Application
11.10.2 Food Packaging
11.10.3 Truck and Marine Frames
11.10.4 Aircraft Industry
11.10.5 Structural and Automotive Application
11.10.6 Architectural Application
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Heat-Treatable Alloys (2xxx Series
12.6.2 6xxx Series
12.6.3 7xxx Series)
12.6.4 Non Heat-Treatable Alloys (3xxx Series
12.6.5 4xxx Series
12.6.6 5xxx Series)
12.6.7 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electrical Application
12.10.2 Food Packaging
12.10.3 Truck and Marine Frames
12.10.4 Aircraft Industry
12.10.5 Structural and Automotive Application
12.10.6 Architectural Application
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Heat-Treatable Alloys (2xxx Series
13.6.2 6xxx Series
13.6.3 7xxx Series)
13.6.4 Non Heat-Treatable Alloys (3xxx Series
13.6.5 4xxx Series
13.6.6 5xxx Series)
13.6.7 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electrical Application
13.10.2 Food Packaging
13.10.3 Truck and Marine Frames
13.10.4 Aircraft Industry
13.10.5 Structural and Automotive Application
13.10.6 Architectural Application
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aluminium Alloy Market: Competitive Dashboard
14.2 Global Aluminium Alloy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 United Aluminum
14.3.2 AlcoTec Wire Corporation
14.3.3 Hydro
14.3.4 Aalco Metals Limited
14.3.5 ELVAL
14.3.6 RUSAL
14.3.7 Atlas Steels
14.3.8 Wilsons Ltd
14.3.9 Stena Aluminium
14.3.10 Comet Metals
14.3.11 United Aluminum
