The global aluminium alloys market is estimated at US$ 131 Bn in 2022, and is projected to reach US$ 287 Bn by 2032, expanding at a CAGR of 8.1% over the 2022 to 2032 assessment period.

A 10-year forecast for the years 2022 to 2032 is included in a recent Fact.MR study on the market for aluminium alloys. The study examines significant trends that are currently influencing the market’s expansion. The development of aluminium alloys is accompanied by important dynamics that this report explains, including the drivers, restraints, and opportunities for important market participants, key stakeholders, and emerging players.

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“Rising Adoption of Electric Vehicle to Boost Aluminium Alloy Demand”

The rising adoption of electric vehicles is expected to boost the demand for aluminium alloys. Aluminium alloys are used in the production of electric vehicle components such as battery cases, frames, and motor housings. The lightweight nature of aluminium alloys makes them ideal for use in electric vehicles, as they reduce the overall weight of the vehicle and improve its fuel efficiency. Additionally, aluminium alloys are corrosion–resistant and have excellent electrical conductivity, making them suitable for use in electric vehicles. Furthermore, aluminium alloys are recyclable, which makes them an environmentally friendly option for electric vehicle manufacturers. As a result, the rising adoption of electric vehicles is expected to drive the demand for aluminium alloys in the coming years.

Key Companies

  • Alcoa
  • Aluar
  • Alvance
  • CBA
  • Chalco
  • Hydro
  • Nortan aluminium
  • Press Metal
  • PT Inalum
  • Rheinfelden alloys
  • Rio Tinto

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Segmentation

    • Aluminium Alloys Market by Type:
      • Heat Treatable Aluminium Alloys
        • 2000 Series
        • 4000 Series
        • 6000 Series
        • 7000 Series
        • 8000 Series
      • Non-Heat Treatable Aluminium Alloys
        • 3000 Series
        • 4000 Series
        • 5000 Series
    • Aluminium Alloys Market by Casting / Operation:
      • Sand Casting Aluminium Alloys
      • Investment Casting Aluminium Alloys
      • Permanent Mold Casting Aluminium Alloys
      • Die Casting Aluminium Alloys
      • Others
    • Aluminium Alloys Market by Application:
      • Aluminium Alloys for Packaging
      • Aluminium Alloys for Automotive
      • Aluminium Alloys for Marine
      • Aluminium Alloys for Consumer Durables
      • Aluminium Alloys for Aerospace
      • Aluminium Alloys for Building & Construction

    • Aluminium Alloys Market by Alloy:
      • Cast Aluminium Alloy
      • Wrought Aluminium Alloys
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • MEA