The global wrought aluminum alloy market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of the market can be attributed to the increasing demand for lightweight materials in various industries such as transportation and logistics, packaging, construction, and electrical and electronics. The increasing demand for lightweight materials is due to their ability to reduce fuel consumption in vehicles and reduce carbon emissions from buildings.
The silicon type segment accounted for the largest share of the global wrought aluminum alloy market in 2017 owing to its high strength-to-weight ratio which makes it suitable for use in various applications such as transportation & logistics, packaging, construction, electrical & electronics among others. Silicon type was followed by magnesium type which accounted for a share of around 25%. Manganese type accounted for a share of around 10% while copper type accounted for less than 5%.
Transportation & Logistics application segment dominated the global wrought aluminum alloy market with a share of over 50% in 2017 owing to its wide usage across various industries such as automotive industry where it is used as an engine block or transmission housing; aerospace industry where it is used as structural components; marine industry where it is used as hulls or decking; rail industry where it is used as carriages or bogies; and trucking industry where it is used primarily on trailers or containers among others. Packaging application segment was ranked second with over 30% share followed by construction with over 15%. Electrical & Electronics application segment had less than 5% share in 2017 owing to its limited usage across various industries such as consumer electronics (e.g., mobile phones) among others.
Some Of The Growth Factors Of This Market:
- Wrought aluminum alloy is a metal that is used in the production of many different products.
- The demand for wrought aluminum alloy has been increasing due to its use in the production of many different products, such as cars, airplanes, and other transportation vehicles.
- The price of wrought aluminum alloy has been decreasing over time due to increased competition among suppliers and manufacturers.
- Wrought aluminum alloys are typically more expensive than other types of metals because they are more difficult to produce and require a lot of energy input during the manufacturing process; however, this cost difference is often offset by their superior strength-to-weight ratio when compared with other metals such as steel or copper.
- Wrought aluminum alloys have a high melting point which makes them resistant to corrosion.
Industry Growth Insights published a new data on “Wrought Aluminum Alloy Market”. The research report is titled “Wrought Aluminum Alloy Market research by Types (Silicon, Magnesium, Manganese, Copper, Others), By Applications (Transportation & Logistics, Packaging, Construction, Electrical & Electronics, Others), By Players/Companies United Company RUSAL Plc, Rio Tinto Alcan, Aluminum Corporation of China Ltd., Alcoa Inc., Kobe Steel Ltd., Constellium, Aleris International Inc., Aluminium Bahrain B.S.C., Dubai Aluminium Company Ltd., Norsk Hydro ASA, Kaiser Aluminum Corporation”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wrought Aluminum Alloy Market Research Report
By Type
Silicon, Magnesium, Manganese, Copper, Others
By Application
Transportation & Logistics, Packaging, Construction, Electrical & Electronics, Others
By Companies
United Company RUSAL Plc, Rio Tinto Alcan, Aluminum Corporation of China Ltd., Alcoa Inc., Kobe Steel Ltd., Constellium, Aleris International Inc., Aluminium Bahrain B.S.C., Dubai Aluminium Company Ltd., Norsk Hydro ASA, Kaiser Aluminum Corporation
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Wrought Aluminum Alloy Market Report Segments:
The global Wrought Aluminum Alloy market is segmented on the basis of:
Types
Silicon, Magnesium, Manganese, Copper, 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
Transportation & Logistics, Packaging, Construction, Electrical & Electronics, 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:
- United Company RUSAL Plc
- Rio Tinto Alcan
- Aluminum Corporation of China Ltd.
- Alcoa Inc.
- Kobe Steel Ltd.
- Constellium
- Aleris International Inc.
- Aluminium Bahrain B.S.C.
- Dubai Aluminium Company Ltd.
- Norsk Hydro ASA
- Kaiser Aluminum Corporation
Highlights of The Wrought Aluminum 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:
- Silicon
- Magnesium
- Manganese
- Copper
- Others
- By Application:
- Transportation & Logistics
- Packaging
- Construction
- Electrical & Electronics
- 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 Wrought Aluminum 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.
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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?
Wrought aluminum alloy is a type of aluminum that has been formed into a shape by the use of heat and pressure. This type of alloy is often used in products that need to be strong but lightweight, such as aircraft parts and car parts.
Some of the key players operating in the wrought aluminum alloy market are United Company RUSAL Plc, Rio Tinto Alcan, Aluminum Corporation of China Ltd., Alcoa Inc., Kobe Steel Ltd., Constellium, Aleris International Inc., Aluminium Bahrain B.S.C., Dubai Aluminium Company Ltd., Norsk Hydro ASA, Kaiser Aluminum Corporation.
The wrought aluminum alloy market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wrought Aluminum Alloy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wrought Aluminum Alloy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wrought Aluminum Alloy Market - Supply Chain
4.5. Global Wrought Aluminum Alloy Market Forecast
4.5.1. Wrought Aluminum Alloy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wrought Aluminum Alloy Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wrought Aluminum Alloy Market Absolute $ Opportunity
5. Global Wrought Aluminum Alloy Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wrought Aluminum Alloy Market Size and Volume Forecast by Type
5.3.1. Silicon
5.3.2. Magnesium
5.3.3. Manganese
5.3.4. Copper
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wrought Aluminum Alloy Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wrought Aluminum Alloy Market Size and Volume Forecast by Application
6.3.1. Transportation & Logistics
6.3.2. Packaging
6.3.3. Construction
6.3.4. Electrical & Electronics
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wrought Aluminum Alloy Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wrought Aluminum Alloy Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wrought Aluminum Alloy Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wrought Aluminum Alloy Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wrought Aluminum Alloy Demand Share Forecast, 2019-2026
9. North America Wrought Aluminum Alloy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wrought Aluminum Alloy Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wrought Aluminum Alloy Market Size and Volume Forecast by Application
9.4.1. Transportation & Logistics
9.4.2. Packaging
9.4.3. Construction
9.4.4. Electrical & Electronics
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wrought Aluminum Alloy Market Size and Volume Forecast by Type
9.7.1. Silicon
9.7.2. Magnesium
9.7.3. Manganese
9.7.4. Copper
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wrought Aluminum Alloy Demand Share Forecast, 2019-2026
10. Latin America Wrought Aluminum Alloy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wrought Aluminum Alloy Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wrought Aluminum Alloy Market Size and Volume Forecast by Application
10.4.1. Transportation & Logistics
10.4.2. Packaging
10.4.3. Construction
10.4.4. Electrical & Electronics
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wrought Aluminum Alloy Market Size and Volume Forecast by Type
10.7.1. Silicon
10.7.2. Magnesium
10.7.3. Manganese
10.7.4. Copper
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wrought Aluminum Alloy Demand Share Forecast, 2019-2026
11. Europe Wrought Aluminum Alloy Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wrought Aluminum Alloy Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wrought Aluminum Alloy Market Size and Volume Forecast by Application
11.4.1. Transportation & Logistics
11.4.2. Packaging
11.4.3. Construction
11.4.4. Electrical & Electronics
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wrought Aluminum Alloy Market Size and Volume Forecast by Type
11.7.1. Silicon
11.7.2. Magnesium
11.7.3. Manganese
11.7.4. Copper
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wrought Aluminum Alloy Demand Share, 2019-2026
12. Asia Pacific Wrought Aluminum Alloy Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wrought Aluminum Alloy Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wrought Aluminum Alloy Market Size and Volume Forecast by Application
12.4.1. Transportation & Logistics
12.4.2. Packaging
12.4.3. Construction
12.4.4. Electrical & Electronics
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wrought Aluminum Alloy Market Size and Volume Forecast by Type
12.7.1. Silicon
12.7.2. Magnesium
12.7.3. Manganese
12.7.4. Copper
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wrought Aluminum Alloy Demand Share, 2019-2026
13. Middle East & Africa Wrought Aluminum Alloy Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wrought Aluminum Alloy Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wrought Aluminum Alloy Market Size and Volume Forecast by Application
13.4.1. Transportation & Logistics
13.4.2. Packaging
13.4.3. Construction
13.4.4. Electrical & Electronics
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wrought Aluminum Alloy Market Size and Volume Forecast by Type
13.7.1. Silicon
13.7.2. Magnesium
13.7.3. Manganese
13.7.4. Copper
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wrought Aluminum Alloy Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wrought Aluminum Alloy Market: Market Share Analysis
14.2. Wrought Aluminum Alloy Distributors and Customers
14.3. Wrought Aluminum Alloy Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. United Company RUSAL Plc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rio Tinto Alcan
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aluminum Corporation of China Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Alcoa Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kobe Steel Ltd.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Constellium
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aleris International Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Aluminium Bahrain B.S.C.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dubai Aluminium Company Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Norsk Hydro ASA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kaiser Aluminum Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
