Global Aluminum Vanadium (AlV) Master Alloy Market by Type (> 50%, > 60%, Others), By Application (Aerospace, Car, Metallurgy, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global aluminum vanadium (AlV) master alloy market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for AlV master alloys from various end-use industries, such as aerospace, car, metallurgy and others. In terms of type, the > 50% segment is expected to hold a major share of the global AlV master alloy market during the forecast period. This can be attributed to its high demand from various end-use industries across different regions.



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Product Definition:

Aluminum Vanadium (AlV) Master Alloy is a master alloy used to produce high-quality aluminum-vanadium alloys. It consists of approximately 80% aluminum and 20% vanadium. The addition of vanadium helps improve the strength and hardness of aluminum alloys, making them more resistant to wear and tear.

> 50%:

The global aluminum vanadium (AlV) master alloy market size was valued at USD 1.5 billion in 2016 and is expected to witness significant growth over the forecast period owing to its usage in automotive industries. The rising demand for lightweight vehicles coupled with stringent regulations pertaining to vehicular emission is anticipated to propel the industry growth over the next seven years.

Increasing use of AlV alloys as a replacement for conventional materials such as steel.

> 60%:

The AlV master alloy consists of aluminum, vanadium and titanium. It has a composition greater than 60% by weight and less than 40% by volume. The product is used in the production of automotive parts such as gearboxes, flywheels, pressure plates & clutch plates and transmission components among others.

Increasing demand for lightweight vehicles on account of rising concerns regarding carbon emissions is expected to be a key driver for market growth over the forecast period.

Application Insights:

The aerospace application segment accounted for the largest volume share of over 40% in 2017. The growth is attributed to its use in commercial aircraft as well as military aircraft. It has excellent corrosion resistance and strength, which makes it a suitable material for the manufacturing of airframes, pressure vessels and other components used in an airplane.

Aluminum-alloy based vanadium master alloys are widely utilized by manufacturers of automotive transmission gears & transfer cases owing to their high strength properties. These products are also used across multiple applications including engine components, brake systems and transmissions among others. In addition, they find extensive usage across multiple industries including oil & gas; energy; defense; transportation & logistics; healthcare etc., owing to their superior characteristics compared with steel alloys or titanium alloys alone or in combination with each other ¢â‚¬Ëœ especially when it comes to wear resistance properties (excluding medical applications).

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries, such as aerospace & defense, automotive, and metallurgy.

The growing population in Asia Pacific has led to an increase in transportation activities across this region. This has resulted in increased demand for automobiles and other modes of transport including aircrafts which will drive the regional market further. Moreover, increasing foreign investments coupled with favorable government policies are anticipated to fuel aluminum production across this region which will also have a positive impact on the global vanadium master alloy market over the next eight years.

Europe accounted for a significant share of revenue generated by North America during 2017 owing to high automotive production levels coupled with stringent emission norms implemented by regulatory bodies like ETSCA (European Union) and JATO (Japan).

Growth Factors:

Increasing demand from the automotive and aerospace industries as a result of growing vehicle production and rising air traffic
Growing popularity of lightweight alloys in various end-use applications
Rising investments in research and development activities for developing new applications of aluminum vanadium master alloy
Increasing use of aluminum vanadium master alloy in 3D printing technology
Growing demand for high-strength, lightweight materials to reduce fuel consumption and emissions


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Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum Vanadium (AlV) Master Alloy Market Research Report
By Type
> 50%, > 60%, Others
By Application
Aerospace, Car, Metallurgy, Other
By Companies
AMG Aluminum, Belmont Metals, Eutectix, Avon Metals, CERAFLUX INDIA PVT. LTD., KBM Affilips, SICHUAN LANDE INDUSTRY COMPANY LTD, Reading Alloys, MoTiV Metals LLC
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.

Global Aluminum Vanadium (AlV) Master Alloy Market Report Segments:
The global Aluminum Vanadium (AlV) Master Alloy market is segmented on the basis of:
Types
> 50%, > 60%, Others
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
Aerospace, Car, Metallurgy, Other
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:
AMG Aluminum
Belmont Metals
Eutectix
Avon Metals
CERAFLUX INDIA PVT. LTD.
KBM Affilips
SICHUAN LANDE INDUSTRY COMPANY LTD
Reading Alloys
MoTiV Metals LLC



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Highlights of The Aluminum Vanadium (AlV) 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:
> 50%
> 60%
Others
By Application:
Aerospace
Car
Metallurgy
Other
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 Vanadium (AlV) 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

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