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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.
Recent Developments
§ In December 2021, Rusal has announced a $12 million investment in the renovation of its alloy automobile wheel plant in SKAD, Russia. The company intends to broaden its commercial capabilities and target high-growth countries with rising aluminum alloy demand in Germany.
§ In November 2021, CBA Brazil announced the purchase of approximately 80% of Alux, a secondary alloyed aluminum producer. CBA has invested much in expanding its manufacturing capacity and is expected to do so again in the foreseeable future.
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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
o Al-Mg Family
o
§ AlMg3
§ AlMg3Si
§ AlMg5
§ AlMg5Si
§ AlMg5Si2Mn
§ AlMg7Si3Mn
o Al-Cu Family
o
§ AlCu4TiMg
§ AlCu4TiMgAg
§ AlCu4Ti
§ AlCu5NiCoSbZ
§ Others
§ 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
· Ultra-High Strength
Application
· Transportation
· Automotive
Body Parts
o Frame
o Hood
o Bumper Structures
o Doors
o Body Shells
o Cabin Parts
o Others
Engine Parts
o Pistons
o Camshafts
o Crankshafts
o Cylinder Heads
o Engine Blocks
o Others
o Wheels
o Powertrain
o Suspension Parts
o Chassis
o Others
o Building and Construction
o Siding and Roofing
o External Facades
o Windows and Doors
o Staircases
o Railings
o Others
o Packaging
o Machinery
o Electrical
o Marine
o Ship Building
o Yacht Building
o Boat Building
o Consumer Durables
o Refrigerator Coolants
o Cooking Utensils
o Furniture
o Laptop and Desktop Parts and Accessories
o Tablets and Smartphone Parts
o Others
o Aerospace
o Others
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Competitive Landscape and Aluminum Alloy Market Share Analysis
The aluminum alloy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aluminum alloy market.
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)