Aluminum Alloy Market Size, Share, Trends, Demand, Opportunity and Competitive Analysis
Global Aluminum Alloy Market was valued at USD 14.94 billion in 2021 and is expected to reach USD 22.00 billion by 2029, registering a CAGR of 4.96% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Aluminum alloys are alloys with a higher percentage of aluminum metal in their composition. Aluminum is a common metal that is utilized in a variety of industries, including transportation, transportation, and electronics. To improve the qualities of pure aluminum and make it acceptable for a wide variety of uses, alloying metal is added to the base metal aluminum in aluminum alloys.
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Global Aluminum Alloy Market Scope
The aluminum alloy market is segmented on the basis of product, sensitivity type, design type, strength type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Wrought Alloy
- Cast Alloy
Primary Foundry Alloys
- Al-Si Family
- AISi7Mg0
- AlSi9Mg
- AISi5Mg
- AlSi10MnMg
- AlSi9MnMoZr
- AlSi9
- AlSi10MnMg
- AlSi102MnMgZn
- Others
- Al-Zn Family
- AlZn10Si8Mg
- AlZn3Mg3Cr
- AlZn5Mg
- Al-Mg Family
-
- AlMg3
- AlMg3Si
- AlMg5
- AlMg5Si
- AlMg5Si2Mn
- AlMg7Si3Mn
-
- Al-Cu Family
-
- AlCu4TiMg
- AlCu4TiMgAg
- AlCu4Ti
- AlCu5NiCoSbZ
- Others
-
- Al-Mg Family
- Others
- Secondary Foundry Alloys
Sensitivity Type
- Heat Treatable Alloys
- Non Heat-Treatable Alloys
Design Type
- 2000 Series
- 3000 Series
- 4000 Series
- 5000 Series
- 6000 Series
- 7000 Series
- Others
Strength Type
- High Strength
- Ultra-High Strength
Application
- Transportation
- Automotive
Body Parts
- Frame
- Hood
- Bumper Structures
- Doors
- Body Shells
- Cabin Parts
- Others
Engine Parts
- Pistons
- Camshafts
- Crankshafts
- Cylinder Heads
- Engine Blocks
- Others
- Wheels
- Powertrain
- Suspension Parts
- Chassis
- Others
- Building and Construction
- Siding and Roofing
- External Facades
- Windows and Doors
- Staircases
- Railings
- Others
- Packaging
- Machinery
- Electrical
- Marine
- Ship Building
- Yacht Building
- Boat Building
- Consumer Durables
- Refrigerator Coolants
- Cooking Utensils
- Furniture
- Laptop and Desktop Parts and Accessories
- Tablets and Smartphone Parts
- Others
- Aerospace
- Others
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Some of the major players operating in the aluminum alloy market are
- Aluminium Corp (China)
- Rio Tinto (UK)
- Dupont (U.S.)
- Alcoa Corporation (U.S.)
- RUSAL (Russia)
- Hindalco Industries Limited (India)
- UACJ Corporation (Japan)
- SOLVAY (Belgium)
- Norsk Hydro ASA (Norway)
- AluminIum BahraIn B.S.C. (Alba) (Bahrain)
- DAIKIN (Japan), Aleris International Inc. (U.S.)
- Teijin Limited (Japan)
- Mitsubishi Chemical Holdings Corporation (Japan)
- Emirates Global Aluminium PJSC (UAE)
- Constellium (France)
- Kobe Steel Ltd. (Japan)
- Magna International Inc. (Canada)
- IBC Advanced Alloys Corp (U.S.)
Aluminum Alloy Market Regional Analysis/Insights
The Aluminum Alloy market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Aluminum Alloy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Aluminum Alloy within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Aluminum Alloy market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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