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Aluminum Alloys Market, by Regional Growth Factors, Trends & Analysis of Leading Players By 2024

Author : Rahul Varpe | Published Date : 2019-08-13 

Global Market Insights, Inc. presents the Aluminum Alloys Market provides a detailed overview of major drivers, restraints, challenges, opportunities, current industry trends and strategies impacting the global market along with estimates and forecast of revenue.
 
The global automotive sales have reportedly exceeded 90 million units in 2016 from that recorded at 80 million units in 2011. This massive increase in such a short time span of 5 years has significantly impacted the aluminum alloys market demand. Moreover, the growth chart is quickly climbing up not only for the automobile car sales sector but proportionally for aircrafts sales as well.  

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Allegedly, the rise in number of flyers went up from 3 billion to 3.7 billion between 2011 to 2016 and the number is likely to twofold over the next two decades. The global aluminum alloys market is slated to witness a prosperous growth with the substantial surge in demand of commercial aircrafts. Growing industrialization and globalization will significantly influence this billion-dollar aluminum alloys industry to grow at a CAGR of 5% over 2017-2024, as per estimates by Global Market Insights, Inc.

The robust growth dynamics of the transportation and the construction industry have positively influenced the economic saga of Asia Pacific and Europe. Accounting for more than 60% of overall industry share, Asia Pacific aluminum alloys market is expected to expand at 5.5% CAGR over 2017-2024. 

The steady growth of automotive, marine, and the construction industries in China, India, and Japan will signify the profitable growth prospects of Asia Pacific aluminum alloys market. The exponential rise in the GDPs of emerging economies will also be a major growth catalyst for the expansion of regional aluminum alloys industry.

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Europe on other hand is a hub for aeronautical and automotive companies, which is expected to thrive the demand for aluminum alloys market. The demand for wrought alloys in this region will show a significant upsurge as it finds major application in the automotive and aerospace industry. The higher tensile strength, lighter weight, and negligible casting defects makes the high demand for wrought alloy very obvious for the fabrication of mechanical parts. 

Rising demand to enhance the vehicle performance and manufacture technologically advanced products that will impart maximum efficiency will lead to a significant adoption rate of aluminum alloys market in the end-use sectors. Moreover, the companies are vigorously engaging in R&D activities and strategic collaborations to develop their product portfolios addressing the needs of the technologically advanced era. One such example is of Kaiser Aluminum, an American company which acquired Alexco LLC to expand their range of variety of product offerings for the aerospace sector.

Partial Chapter of the Table of Content:

Chapter 2.  Executive Summary

2.1.  Aluminum alloys market 360° synopsis, 2013 – 2024
2.1.1.     Business trends
2.1.2.     Product trends
2.1.3.     End-user trends
2.1.4.     Regional trends

Chapter 3.  Aluminum Alloys market Insights
3.1.  Industry segmentation
3.2.  Industry size and forecast, 2013 - 2024
3.3.  Industry ecosystem analysis
3.3.1.     Vendor matrix
3.3.2.     Distributor channel analysis
3.4.  Industry impact forces
3.4.1.     Growth drivers
3.4.1.1.         Rapidly developing land and air transportation
3.4.1.2.         Growing construction industry in BRICS nations
3.4.1.3.         Industrial development in Asia Pacific
3.4.2.     Industry pitfalls & challenges
3.4.2.1.         Inconsistent raw material prices
3.4.2.2.         Regulations and environmental concerns pertaining to bauxite mining
3.5.  Growth potential analysis
3.6.  Regulatory trends
3.6.1.     U.S.
3.6.2.     Europe
3.6.3.     China
3.7.  Porter’s analysis
3.8.  Company market share analysis, 2016
3.8.1.     Strategic landscape
3.9.  PESTEL analysis
3.10.  Regional price trends
3.10.1.   Cost structure analysis
3.10.2.   Raw material trends

Chapter 4.  Aluminum Alloys Market, By Product
4.1.  Global aluminum alloys market share by product, 2016 & 2024
4.2.  Wrought alloy
4.2.1.     Market estimates and forecasts, 2013 - 2024
4.2.2.     Market estimates and forecasts by region, 2013 – 2024
4.3.  Cast alloy
4.3.1.     Market estimates and forecasts, 2013 - 2024
4.3.2.     Market estimates and forecasts by region, 2013 – 2024

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Key aluminum alloys market players include Alcoa, Magna International Inc., United Company RUSAL, Norsk Hydro, Constellium, Aluminium Bahrain, IBC Advanced Alloys Corp., ERAMET, Rio Tinto Alcan, UACJ Corporation, Aluminum Corporation of China, Aleris International, Kobe Steel, and Dubai Aluminium Company.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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