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Table of Contents
Bauxite is the raw material of aluminium. Bauxite is electrolysed to produce aluminium alloys. Aluminium alloys contains aluminium as major content and other alloying elements such as copper, magnesium, manganese, silicon, tin and zinc as minor content. Aluminium alloys are divided into two types i.e. casting alloys and wrought alloys. And these are further divided into heat treatable and non- heat treatable. Most of the aluminium is used in wrought products like rolled plate, foils and extrusions. Cast aluminium alloys has low tensile strength and melting point than wrought alloys.
Aluminium in its pure form does not possesses high tensile strength but addition of alloying elements gives it high tensile strength. It can work in cold environments also and its tensile strength increases in cold temperatures. Aluminium is lighter than copper and steel. It has high strength to weight ratio which makes it important structural material for transportation industries because it allows increased payloads and fuel savings. Aluminium alloys have excellent corrosion resistance, toughness, durability, electrical conductivity and thermal conductivity.
Based on applications or end-user, global aluminium market is categorised into Electrical Application, Food Packaging, Truck and Marine Frames, Aircraft Industry, Structural and Automotive Application and Architectural Application. As aluminium is good conductor of electricity it used in producing transmission lines, transformers and motors. Cost of aluminium is lower than copper therefore in electric sector it is highly preferred. Due to lightweight components, better fuel efficiency and reduced emissions trends aluminium alloys are preferred in automotive sector on large scale. Aluminium alloys have great barrier properties against UV light, moisture and odour therefore they are used in food packaging industries also. They are used to manufacture structural parts of aircraft.
Geographically, the Global Aluminium Alloy Market is segmented into several regions such as North America, Europe, China, Japan, Southeast Asia and India. Currently Asia Pacific shares largest segment of this market. Due to rapid industrial growth and urbanization in developing countries of Asia Pacific regions, aluminium alloys market also expected to show higher growth rate in Asia Pacific regions during forecasted period.
Aluminium Alloy Market : Heat Sensitivity Type
Aluminium Alloy Market : Design Type
Aluminium Alloy Market : Application
Global Aluminium Alloy Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Aluminium Alloy Market:
Geographical analysis of Aluminium Alloy Market:
Global Aluminium Alloy Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2019-2024 |
Forecast Data |
2025-2031 |
Base Year Value (2024) |
USD 111490 million |
Forecast Value (2031) |
USD 194820.71 million |
CAGR (2025-2031) |
8.3 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Aluminium Alloy Market was valued at around USD 111490 million in 2024 & is estimated to reach USD 194820.71 million by 2031.
Aluminium Alloy Market is likely to grow at Compound Annual Growth Rate (CAGR) of 8.3% between 2025-2031.
Aluminium Alloy Market is dominated by the Heat Treatable Alloys segment and the Asia Pacific region holds the highest market share in 2023.
Some of the top key players in the Aluminium Alloy Market are Electrical, Food Packaging, Construction, Automotive, Marine, Aerospace Industry.
Primary driving factors for the growth of the Aluminium Alloy Market include Rapid industrial growth and urbanization in developing countries.
Yes, the report includes Geopolitical impact on the market.
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