Market Overview:
The global aluminum master alloy market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for aluminum alloys from various end-use industries, such as transportation, building and construction, package, and energy. In terms of type, the grain refinement aluminum master alloy segment is projected to lead the global market during the forecast period. This can be attributed to its properties such as high strength-to-weight ratio and corrosion resistance.
Product Definition:
An alloy is a mixture of two or more elements, at least one of which is a metal. The other element may be a metal or nonmetal. An alloy usually has different properties from those of its component metals. A master alloy is an alloy that contains all the desired elements in the correct proportions and has been specifically designed for use in making other alloys.
Grain Refinement Aluminum Master Alloy:
Grain Refinement Aluminum Master Alloy (ARAM) is a new type of aluminum alloys that contains unique properties, such as high strength and corrosion resistance. It has been developed by the researchers at the University of North Texas for improving the properties of commercial aluminum products. The research was supported by funding from the U.S Department of Energy's Office of Science, under its Materials Genome Program and was also published in May 2016 issue issue of Journal Of Alloys And Compounds.
Metallurgical Metamorphism Aluminum Master Alloy:
Metallurgical metamorphism is a heat treatment process used to change the physical and chemical properties of base metal alloys. It involves heating the base metals at temperatures higher than their melting point in an attempt to achieve better functional and mechanical properties. The most common application of metallurgical metamorphism is in transforming aluminum into high strength steel with excellent wear resistance, high yield strength, improved formability, low density & specific weight, increased ductility & toughness and reduced machinability.
Application Insights:
The building and construction application segment led the market in 2017 accounting for a revenue share of over 30%. The growth is attributed to the increasing use of aluminum master alloys in structural components such as channels, beams, columns, and roofing systems. In addition, these alloys are used for manufacturing architectural details such as windows and doorframes.
The energy application segment is expected to witness significant growth over the forecast period owing to rising demand from renewable energy sources including wind turbines and solar panels. Aluminum master alloys are widely used in turbine blades owing to their high strength-to-weight ratio that results into reduced weight of turbine blades leading towards increased power generation efficiency.
Packaging was another key application area where aluminum master alloy products were widely utilized due largely to their lightweight properties along with corrosion resistance which makes them an ideal packaging material choice worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Growing population along with increasing living standards have spurred the demand for transportation equipment in these countries. This has led to a growing demand for aluminum master alloy products across this region as they are used in manufacturing various components of vehicles such as body structure, hoods and trunks among others.
Growth Factors:
- Growing demand from the automotive and transportation sector: The global aluminum master alloy market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for aluminum alloys from the automotive and transportation sector. Aluminum master alloys are used in various applications such as wheels, engine blocks, transmission parts, and others in automobiles.
- Rising demand for lightweight vehicles: The growth of the global aluminum master alloy market is also attributed to the rising demand for lightweight vehicles across the globe. Lightweight vehicles consume less fuel and emit less CO2 gas than traditional heavy vehicles, which has led to an increase in their popularity among consumers worldwide. This is further propelling the growth ofthe global aluminum master alloy market duringthe forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum Master Alloy Market Research Report
By Type
Grain Refinement Aluminum Master Alloy, Metallurgical Metamorphism Aluminum Master Alloy, Metal Purification Aluminum Master Alloy, Elements Additives Aluminum Master Alloy
By Application
Transportation, Building and Construction, Package, Energy
By Companies
Minex Metallurgical, Ceraflux India, Belmont Metals, SLM, Axayya Alloys Pvt. Ltd, Translloy India, IMAC Alloy Casting, Acme Foundry Flux Company, Minex Metallurgical
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Aluminum Master Alloy Market Report Segments:
The global Aluminum Master Alloy market is segmented on the basis of:
Types
Grain Refinement Aluminum Master Alloy, Metallurgical Metamorphism Aluminum Master Alloy, Metal Purification Aluminum Master Alloy, Elements Additives Aluminum Master Alloy
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
Transportation, Building and Construction, Package, Energy
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:
- Minex Metallurgical
- Ceraflux India
- Belmont Metals
- SLM
- Axayya Alloys Pvt. Ltd
- Translloy India
- IMAC Alloy Casting
- Acme Foundry Flux Company
- Minex Metallurgical
Highlights of The Aluminum Master 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:
- Grain Refinement Aluminum Master Alloy
- Metallurgical Metamorphism Aluminum Master Alloy
- Metal Purification Aluminum Master Alloy
- Elements Additives Aluminum Master Alloy
- By Application:
- Transportation
- Building and Construction
- Package
- Energy
- 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 Aluminum Master 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?
Aluminum Master Alloy is a type of alloy that is made up of aluminum and other metals. It is often used in aircraft and other metal products because it has a high strength and durability.
Some of the major companies in the aluminum master alloy market are Minex Metallurgical, Ceraflux India, Belmont Metals, SLM, Axayya Alloys Pvt. Ltd, Translloy India, IMAC Alloy Casting, Acme Foundry Flux Company, Minex Metallurgical.
The aluminum master 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 Aluminum Master 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 Aluminum Master Alloy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aluminum Master 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 Aluminum Master 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 Aluminum Master Alloy Market Size & Forecast, 2020-2028
4.5.1 Aluminum Master Alloy Market Size and Y-o-Y Growth
4.5.2 Aluminum Master 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 Grain Refinement Aluminum Master Alloy
5.2.2 Metallurgical Metamorphism Aluminum Master Alloy
5.2.3 Metal Purification Aluminum Master Alloy
5.2.4 Elements Additives Aluminum Master Alloy
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 Transportation
6.2.2 Building and Construction
6.2.3 Package
6.2.4 Energy
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aluminum Master 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 Aluminum Master 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 Grain Refinement Aluminum Master Alloy
9.6.2 Metallurgical Metamorphism Aluminum Master Alloy
9.6.3 Metal Purification Aluminum Master Alloy
9.6.4 Elements Additives Aluminum Master Alloy
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 Transportation
9.10.2 Building and Construction
9.10.3 Package
9.10.4 Energy
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 Grain Refinement Aluminum Master Alloy
10.6.2 Metallurgical Metamorphism Aluminum Master Alloy
10.6.3 Metal Purification Aluminum Master Alloy
10.6.4 Elements Additives Aluminum Master Alloy
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 Transportation
10.10.2 Building and Construction
10.10.3 Package
10.10.4 Energy
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 Grain Refinement Aluminum Master Alloy
11.6.2 Metallurgical Metamorphism Aluminum Master Alloy
11.6.3 Metal Purification Aluminum Master Alloy
11.6.4 Elements Additives Aluminum Master Alloy
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 Transportation
11.10.2 Building and Construction
11.10.3 Package
11.10.4 Energy
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 Grain Refinement Aluminum Master Alloy
12.6.2 Metallurgical Metamorphism Aluminum Master Alloy
12.6.3 Metal Purification Aluminum Master Alloy
12.6.4 Elements Additives Aluminum Master Alloy
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 Transportation
12.10.2 Building and Construction
12.10.3 Package
12.10.4 Energy
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 Grain Refinement Aluminum Master Alloy
13.6.2 Metallurgical Metamorphism Aluminum Master Alloy
13.6.3 Metal Purification Aluminum Master Alloy
13.6.4 Elements Additives Aluminum Master Alloy
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 Transportation
13.10.2 Building and Construction
13.10.3 Package
13.10.4 Energy
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 Aluminum Master Alloy Market: Competitive Dashboard
14.2 Global Aluminum Master Alloy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Minex Metallurgical
14.3.2 Ceraflux India
14.3.3 Belmont Metals
14.3.4 SLM
14.3.5 Axayya Alloys Pvt. Ltd
14.3.6 Translloy India
14.3.7 IMAC Alloy Casting
14.3.8 Acme Foundry Flux Company
14.3.9 Minex Metallurgical
