Market Overview:
The global secondary smelting and alloying of aluminum market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for aluminum alloys from various end-use industries, such as automotive, aerospace, construction, and others. In addition, the growing demand for lightweight vehicles is also fueling the growth of the global secondary smelting and alloying of aluminum market. Based on type, the global secondary smelting and alloying of aluminum market can be segmented into aluminum smelting and aluminum alloying. Aluminum alloys are widely used in various end-use industries owing to their properties such as high strength-to-weight ratio, corrosion resistance, ductility, formability etc. Based on application, the global secondary smelting and alloying of aluminum market can be segmented into smelting (primary production), manufacture (extrusion/rolling), transportation (railway coaches & wagons), construction (doors & windows) and others (packaging).
Product Definition:
The process of secondary smelting and alloying is used to recycle aluminum scrap into new aluminum products. Secondary smelting and alloying is important because it helps reduce the amount of aluminum that is produced from virgin materials, which can help conserve natural resources. Additionally, recycled aluminum can often be cheaper than newly produced aluminum, so it can help save money while also being environmentally friendly.
Aluminum Smelting:
Aluminum is a key material in the manufacturing of secondary (recycled) metal smelting and used in various alloying elements to improve properties such as strength, hardness, conductivity, and heat resistance. The global aluminum industry has been growing at a steady pace with increasing demand from end-use industries such as transportation equipment & parts; building & construction; packaging; electrical & electronics; consumer goods etc.
Aluminum Alloying:
Aluminum alloys are widely used in secondary smelting and alloying of aluminum. It is also used as a raw material for the production of various products such as automotive parts, household appliances, aircraft components, etc. The global aluminum alloys market size was valued at USD 22 billion in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2025.
Application Insights:
The global market by application is segmented into primary, secondary and others. The manufacture application segment accounted for the largest share in 2017. This is attributed to the growing demand for aluminum in various industries including automotive, construction and packaging among others. In addition, increasing use of aluminum alloys as a substitute for steel in manufacturing automobiles is expected to drive the demand over the forecast period.
Global secondary smelting.
The primary applications include smelting operations where low-grade ores are processed at a furnace facility using direct reduction techniques such as open-hearth furnaces or electric arc furnaces to produce high-grade metal products which are further utilized in various end uses such as aerospace & defense industry or foundry industry worldwide.
Regional Analysis:
Asia Pacific accounted for the largest share of over 55% in 2017. The region is expected to witness significant growth owing to increasing demand from end-use industries, such as automotive, aerospace and defense, construction and electrical equipment. In addition, rising investments by global players in this region are likely to drive the market further. For instance; Norsk Hydro established a new plant in India with an investment of USD X billion for primary aluminum production which is anticipated to start operations by 2021.
Europe was the second-largest regional market accounting for a share of over 20%in 2017 due to high product demand from countries including Germany and U.K.
Growth Factors:
- Growing demand from end-use industries such as transportation, construction, and packaging is expected to drive the growth of the secondary smelting and alloying of aluminum market over the forecast period.
- Increasing use of aluminum alloys in various applications is another key factor that is anticipated to fuel the growth of this market in the near future.
- Rising awareness about benefits offered by aluminum alloys over traditional materials is projected to boost demand for these products in the coming years.
- Technological advancements in production processes are likely to create new opportunities for players operating in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Secondary Smelting and Alloying of Aluminum Market Research Report
By Type
Aluminum Smelting, Aluminum Alloying
By Application
Smelting, Manufacture, Others
By Companies
Morgan Advanced Materials, Aleris International, Novelis, Alcoa, Constellium, Hydro Aluminium, Kaiser Aluminum & Chemicals, Golden Aluminum, Taweelah Aluminium Extrusions (Talex), Aluar, Capral Aluminium, AMAG Austria Metall, Garmco, Almax Alluminio, Rio Tinto, Chinese Aluminium Co (Chalco)
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Secondary Smelting and Alloying of Aluminum Market Report Segments:
The global Secondary Smelting and Alloying of Aluminum market is segmented on the basis of:
Types
Aluminum Smelting, Aluminum Alloying
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
Smelting, Manufacture, Others
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:
- Morgan Advanced Materials
- Aleris International
- Novelis
- Alcoa
- Constellium
- Hydro Aluminium
- Kaiser Aluminum & Chemicals
- Golden Aluminum
- Taweelah Aluminium Extrusions (Talex)
- Aluar
- Capral Aluminium
- AMAG Austria Metall
- Garmco
- Almax Alluminio
- Rio Tinto
- Chinese Aluminium Co (Chalco)
Highlights of The Secondary Smelting and Alloying of Aluminum 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:
- Aluminum Smelting
- Aluminum Alloying
- By Application:
- Smelting
- Manufacture
- Others
- 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 Secondary Smelting and Alloying of Aluminum 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
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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?
Secondary smelting and alloying of aluminum is the process of refining aluminum from its raw ore by removing impurities. The most common impurities are silica, sulfur, and other elements.
Some of the key players operating in the secondary smelting and alloying of aluminum market are Morgan Advanced Materials, Aleris International, Novelis, Alcoa, Constellium, Hydro Aluminium, Kaiser Aluminum & Chemicals, Golden Aluminum, Taweelah Aluminium Extrusions (Talex), Aluar, Capral Aluminium, AMAG Austria Metall, Garmco, Almax Alluminio, Rio Tinto, Chinese Aluminium Co (Chalco).
The secondary smelting and alloying of aluminum market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Secondary Smelting and Alloying of Aluminum 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 Secondary Smelting and Alloying of Aluminum Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Secondary Smelting and Alloying of Aluminum 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 Secondary Smelting and Alloying of Aluminum 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 Secondary Smelting and Alloying of Aluminum Market Size & Forecast, 2018-2028
4.5.1 Secondary Smelting and Alloying of Aluminum Market Size and Y-o-Y Growth
4.5.2 Secondary Smelting and Alloying of Aluminum Market Absolute $ Opportunity
Chapter 5 Global Secondary Smelting and Alloying of Aluminum 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 Secondary Smelting and Alloying of Aluminum Market Size Forecast by Type
5.2.1 Aluminum Smelting
5.2.2 Aluminum Alloying
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Secondary Smelting and Alloying of Aluminum 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 Secondary Smelting and Alloying of Aluminum Market Size Forecast by Applications
6.2.1 Smelting
6.2.2 Manufacture
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Secondary Smelting and Alloying of Aluminum 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 Secondary Smelting and Alloying of Aluminum 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 Secondary Smelting and Alloying of Aluminum Analysis and Forecast
9.1 Introduction
9.2 North America Secondary Smelting and Alloying of Aluminum 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 Secondary Smelting and Alloying of Aluminum Market Size Forecast by Type
9.6.1 Aluminum Smelting
9.6.2 Aluminum Alloying
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 Secondary Smelting and Alloying of Aluminum Market Size Forecast by Applications
9.10.1 Smelting
9.10.2 Manufacture
9.10.3 Others
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 Secondary Smelting and Alloying of Aluminum Analysis and Forecast
10.1 Introduction
10.2 Europe Secondary Smelting and Alloying of Aluminum 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 Secondary Smelting and Alloying of Aluminum Market Size Forecast by Type
10.6.1 Aluminum Smelting
10.6.2 Aluminum Alloying
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 Secondary Smelting and Alloying of Aluminum Market Size Forecast by Applications
10.10.1 Smelting
10.10.2 Manufacture
10.10.3 Others
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 Secondary Smelting and Alloying of Aluminum Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Secondary Smelting and Alloying of Aluminum 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 Secondary Smelting and Alloying of Aluminum Market Size Forecast by Type
11.6.1 Aluminum Smelting
11.6.2 Aluminum Alloying
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 Secondary Smelting and Alloying of Aluminum Market Size Forecast by Applications
11.10.1 Smelting
11.10.2 Manufacture
11.10.3 Others
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 Secondary Smelting and Alloying of Aluminum Analysis and Forecast
12.1 Introduction
12.2 Latin America Secondary Smelting and Alloying of Aluminum 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 Secondary Smelting and Alloying of Aluminum Market Size Forecast by Type
12.6.1 Aluminum Smelting
12.6.2 Aluminum Alloying
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 Secondary Smelting and Alloying of Aluminum Market Size Forecast by Applications
12.10.1 Smelting
12.10.2 Manufacture
12.10.3 Others
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) Secondary Smelting and Alloying of Aluminum Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Secondary Smelting and Alloying of Aluminum 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) Secondary Smelting and Alloying of Aluminum Market Size Forecast by Type
13.6.1 Aluminum Smelting
13.6.2 Aluminum Alloying
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) Secondary Smelting and Alloying of Aluminum Market Size Forecast by Applications
13.10.1 Smelting
13.10.2 Manufacture
13.10.3 Others
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 Secondary Smelting and Alloying of Aluminum Market: Competitive Dashboard
14.2 Global Secondary Smelting and Alloying of Aluminum Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Morgan Advanced Materials
14.3.2 Aleris International
14.3.3 Novelis
14.3.4 Alcoa
14.3.5 Constellium
14.3.6 Hydro Aluminium
14.3.7 Kaiser Aluminum & Chemicals
14.3.8 Golden Aluminum
14.3.9 Taweelah Aluminium Extrusions (Talex)
14.3.10 Aluar
14.3.11 Capral Aluminium
14.3.12 AMAG Austria Metall
14.3.13 Garmco
14.3.14 Almax Alluminio
14.3.15 Rio Tinto
14.3.16 Chinese Aluminium Co (Chalco)
