Aluminum alloys are materials made of aluminum and other elements like magnesium, copper, zinc and manganese. They offer excellent corrosion resistance and a high strength-to-weight ratio making them ideal for manufacturing automotive components. Their lightweight properties help improve fuel efficiency. Key automotive parts made using aluminum alloys include engine blocks, pistons, cylinder heads, chassis and wheels.
The global aluminum alloys market is estimated to be valued at US$ 148.65 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising demand from the automotive industry is one of the key trends driving the growth of the aluminum alloys market. Aluminum alloys help automobile manufacturers reduce vehicle weight and improve fuel efficiency to meet stringent emission norms. Their increased use in manufacturing powertrains, body panels, wheels and other components has accelerated the demand. According to estimates, aluminum usage in a typical passenger vehicle may increase from around 181 kg currently to around 225 kg by 2025. The growing sales of electric vehicles worldwide will further boost the consumption of aluminum alloys in coming years as they will be increasingly used in EV batteries and chassis to enhance performance.
Segment Analysis
The aluminum alloys market is dominated by the transportation segment. Within transportation, the sub-segment of automotive accounts for the major share owing to the increasing production of electric vehicles which use significant amounts of aluminum to make lightweight vehicle bodies and achieve greater driving ranges. Aluminum helps automakers comply with stringent fuel efficiency and emission norms.
Key Takeaways
The Global Aluminum Alloys Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The global aluminum alloys market is estimated to be valued at US$ 148.65 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030.
Regional analysis:
Asia Pacific currently dominates the global aluminum alloys market and is expected to maintain its leading position over the next few years. This is attributed to high automotive production in China and India along with significant infrastructure development activities in the region.
Key players:
Key players operating in the aluminum alloys market are United Company RUSAL Plc, Alcoa Inc., Aluminum Corp. of China Ltd., Kaiser Aluminum Corporation, Norsk Hydro ASA, Dubai Aluminum Co., Constellium, Kobe Steel, Ltd., and Aluminum Bahrain B.S.C. United Company RUSAL Plc and Alcoa Inc. have a strong global presence and are focusing on capacity expansion to leverage growth opportunities.
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The global Aluminum Alloys in Additive Manufacturing market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025.This report focuses on Aluminum Alloys in Additive Manufacturing volume and value at global level, regional level and company level.
From a global perspective, this report represents overall Aluminum Alloys in Additive Manufacturing market size by analyzing historical data and future prospect.
Regionally, this report focuses on several key regions: North America, Europe, China and Japan.At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-aluminum-alloysadditive-manufacturing-2019-639 The following manufacturers are covered: AMC PowdersAPATI Metals Corp.AerometAlcoaCarpenter (CarTech)GKN HoeganaesH.C.
StarckHeraeusHoganasLPW TechnologyMetalysisPraxair Surface TechnologiesToyalUSMPValimet Segment by Regions North AmericaEuropeChinaJapan Segment by Type Al7Al6Al2AL1 Segment by Application AerospaceAutomotiveIndustrialOthersGet the Complete Report & TOC @ https://www.grandresearchstore.com/chemicals-and-materials/global-aluminum-alloysadditive-manufacturing-2019-639Table of contentTable of ContentsExecutive Summary1 Aluminum Alloys in Additive Manufacturing Market Overview1.1 Product Overview and Scope of Aluminum Alloys in Additive Manufacturing1.2 Aluminum Alloys in Additive Manufacturing Segment by Type1.2.1 Global Aluminum Alloys in Additive Manufacturing Production Growth Rate Comparison by Type (2014-2025)1.2.2 Al71.2.3 Al61.2.4 Al21.2.5 AL11.3 Aluminum Alloys in Additive Manufacturing Segment by Application1.3.1 Aluminum Alloys in Additive Manufacturing Consumption Comparison by Application (2014-2025)1.3.2 Aerospace1.3.3 Automotive1.3.4 Industrial1.3.5 Others1.3 Global Aluminum Alloys in Additive Manufacturing Market by Region1.3.1 Global Aluminum Alloys in Additive Manufacturing Market Size Region1.3.2 North America Status and Prospect (2014-2025)1.3.3 Europe Status and Prospect (2014-2025)1.3.4 China Status and Prospect (2014-2025)1.3.5 Japan Status and Prospect (2014-2025)1.3.6 Southeast Asia Status and Prospect (2014-2025)1.3.7 India Status and Prospect (2014-2025)1.4 Global Aluminum Alloys in Additive Manufacturing Market Size1.4.1 Global Aluminum Alloys in Additive Manufacturing Revenue (2014-2025)1.4.2 Global Aluminum Alloys in Additive Manufacturing Production (2014-2025)2 Global Aluminum Alloys in Additive ManCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
