Key Highlights
• Aluminum alloys are in great demand in the transportation industry due to their corrosion resistance, light weight, recyclability, and high strength, thermal and electrical conductivity. Wrought alloys have higher tensile strength and higher aluminum content than cast iron, making them a widely used material. Forged alloys are lighter in weight and generally free from defects such as porosity and shrinkage gaps. The automotive industry and the transportation industry are in high demand only for high-strength aluminum alloys. The aerospace and defense industries dominate the demand for ultra-high strength aluminum. Increasingly stringent regulations are being implemented around the world to reduce carbon dioxide emissions from cars, forcing companies to reduce weight and improve fuel efficiency. As a lightweight material, aluminum is widely used in the automotive industry to reduce the weight of vehicles. One kilogram of material can replace up to 1.8 kilograms of steel, reducing the overall weight of the car. Lighter vehicles provide better acceleration, braking and handling, reducing fuel emissions and battery consumption in electric vehicles. The lightweight, corrosion- and dent-resistant properties of aluminum allow automakers to create thicker bodies to increase dent resistance.
• The market size of the Worldwide Aluminium Alloys Market surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In January 2022, aluminum supplier Constellium launched Aheadd® aluminum alloy, specifically designed for additive manufacturing (3D printing) applications. These alloys are designed to provide the best performance and performance in 3D printing, allowing the creation of complex and lightweight structures for a variety of industries, including aerospace and automotive. The launch addresses the growing demand for advanced materials suitable for production technology.
• The global aluminum alloy market is expected to be driven by increasing demand in the transportation industry. Aluminum alloy is only used in the transportation industry because of its corrosion resistance, light weight, recyclability, high strength, thermal and electrical conductivity and other properties. Strict international regulations aimed at limiting carbon dioxide emissions from cars are forcing companies to reduce vehicle weight and improve fuel efficiency. Aluminum is a lightweight material that is often used in the automotive industry to reduce the weight of vehicles. One pound of product will change to 1 to 8 pounds of gasoline reduces the overall weight of the vehicle. Lighter cars have better acceleration, braking and handling, and reduce fuel emissions and battery consumption in electric vehicles. Good properties such as lightness, corrosion resistance and dent also allow manufacturers to create heavier tools to make dents less effective. That's why automakers are gradually switching from steel to aluminum alloys to reduce vehicle weight.
Scope of the Application Profile
Key Players
• United Company RUSAL Plc (Russia)
• Alcoa Inc. (US)
• Aluminum Corp. of China Ltd. (China)
• Kaiser Aluminum Corporation (US)
• Norsk Hydro ASA (Norway)
• Dubai Aluminum Co. (UAE)
• Constellium (France)
• Kobe Steel, Ltd. (Japan)
• Aluminum Bahrain B.S.C. (Middle East)
• Trimet (US)
Segmentation
By Sensitivity Type
• Heat Treatable Alloys
• Non Heat-Treatable Alloys
By Heat Treat Type
• Series 2000
• Series 6000
• Series 7000
By Non-Heat Treat Type
• Series 1000
• Series 8000
• Series 3000
• Series 4000
• Series 5000
By Application
• Packaging
• Automotive
• Marine
• Consumer Durables
• Aerospace
• Building & Construction
• Other Applications
By Type
• Cast Aluminium Alloys
• Wrought Aluminium Alloys
What to Expect from Application Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Aluminium Alloys market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Aluminium Alloys market.
3. Leading company profiles reveal details of key Aluminium Alloys market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Aluminium Alloys market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In March 2021, leading aluminum company Alcoa announced the SUSTANA™ family of aluminum alloys designed for heavy-duty automotive applications. These alloys have a high weight-to-weight ratio that improves vehicle fuel efficiency and reduces emissions. The launch aims to meet the automotive industry's growing demand for durable and lightweight materials to meet stringent environmental regulations.
• In February 2018, Novelis, the world leader in aluminum rolling and recycling, launched Advanz™ 7UHS-s701 aluminum alloy. This high-strength alloy is designed for lightweight automotive structural components and allows automakers to reduce vehicle weight while maintaining stability. The launch of this product refers to the automotive industry's need for new materials to support electric vehicles and improve overall fuel efficiency.
• In January 2022, aluminum supplier Constellium launched Aheadd® aluminum alloy, specifically designed for additive manufacturing (3D printing) applications. These alloys are designed to provide the best performance and performance in 3D printing, allowing the creation of complex and lightweight structures for a variety of industries, including aerospace and automotive. The launch addresses the growing demand for advanced materials suitable for production technology..
Segment Insights
By Sensitive Type
The global heat treated aluminum alloy market is driven by many factors. First, alloys have a combination of strength, durability and formability that makes them indispensable in industries such as aerospace, automotive and construction. Refinement capabilities through the heat treatment process allow companies to develop products for specific applications. Second, increasing demand for heavy equipment due to fuel consumption and safety concerns is driving the adoption of electronic heat treatment equipment in many locations. Industries such as automobiles and transportation benefit from alloys' ability to reduce overall weight without sacrificing integrity. Finally, the use of technology in metallurgy and manufacturing processes has increased the efficiency and accuracy of the heat treatment process for these metals. This improves the alloy's performance characteristics and expands its application to various industries and products. More importantly, the pursuit of strength, solutions and innovation together are driving the growth of the global heat-treated aluminum alloy market.
By Application
The market for heat treatable aluminum alloys for the automotive industry is driven by factors that follow changes in the industry. First, the need to reduce weight to improve fuel efficiency and reduce emissions has prompted automakers to find products that increase power while reducing weight. Heat-treated aluminum alloys meet this requirement by providing a high strength-to-weight ratio. Second, the development of electric vehicles (EVs) requires deep components that can offset the weight of batteries. Heat-curable aluminum alloys help create lighter EV models while maintaining proper structural integrity. Third, progress in manufacturing technology has led to the use of these alloys to create lightweight, composite materials that promote flexibility and innovation in vehicle construction. Finally, regulations that promote sustainable development encourage products with a lower environmental impact than recycled and renewable energy sources. In summary, the automotive industry's demand for heat-treated aluminum alloys stems from the industry's pursuit of competition, advances in electric vehicles, energy production, and environmental responsibility.
Regional Insights
The global aluminum alloy market in North America is driven by many factors. First, the light weight and wear-resistant properties of aluminum alloys make them crucial to industries such as automobiles and aerospace, in line with the region's drive towards fuel efficiency and sustainability in transportation. Second, civil and environmental engineering must have durable materials that can withstand different environmental conditions. Aluminum alloys provide the strength needed for building materials while maintaining a beautiful appearance. Third, advances in manufacturing technology and processes have improved the formability and weldability of aluminum alloys, broadening their application in various industries and encouraging their adoption. Finally, the importance of recycling and circular marketing increases the efficiency of aluminum recycling as it reduces environmental impact and complies with North American safety targets. In general, materials, business needs, technological advances and environmental awareness are driving demand for aluminum alloys in North America.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 ALUMINIUM ALLOYS MARKET OVERVIEW,
BY SENSITIVITY TYPE
6.1 Global Market Revenue & Share Analysis, By Sensitivity
Type
6.1.1 Heat Treatable Alloys
6.1.2 Non Heat-Treatable Alloys
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 ALUMINIUM ALLOYS MARKET OVERVIEW,
BY HEAT TREAT TYPE
7.1 Global Market Revenue & Share Analysis, By Heat Treat
Type
7.1.1 Series 2000
7.1.2 Series 6000
7.1.3 Series 7000
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 ALUMINIUM ALLOYS MARKET OVERVIEW,
BY NON-HEAT TREAT TYPE
8.1 Global Market Revenue & Share Analysis, By Non-Heat
Treat Type
8.1.1 Series 1000
8.1.2 Series 8000
8.1.3 Series 3000
8.1.4 Series 4000
8.1.5 Series 5000
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 ALUMINIUM ALLOYS MARKET OVERVIEW,
BY APPLICATION
9.1 Global Market Revenue & Share Analysis, By Application
9.1.1 Packaging
9.1.2 Automotive
9.1.3 Marine
9.1.4 Consumer Durables
9.1.5 Aerospace
9.1.6 Building & Construction
9.1.7 Other Applications
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 ALUMINIUM ALLOYS MARKET OVERVIEW, BY
TYPE
10.1 Global Market Revenue & Share Analysis, By Type
10.1.1 Cast Aluminium Alloys
10.1.2 Wrought Aluminium Alloys
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 ALUMINIUM ALLOYS MARKET OVERVIEW, BY
REGION
11.1 Global Market Revenue & Share Analysis, By Region
11.1.1 North America
11.1.2 Europe
11.1.3 Asia Pacific
11.1.4 Middle East & Africa
11.1.5 South America
11.2 Global Market Revenue & Share Analysis, 2018 – 2022
11.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
11.4 Key Takeaways
12 NORTH AMERICA MARKET ANALYSIS
12.1 North America Market Revenue & Share Analysis, By
Sensitivity Type
12.2 North America Market Revenue & Share Analysis, By Heat
Treat Type
12.3 North America Market Revenue & Share Analysis, By Non-Heat
Treat Type
12.4 North America Market Revenue & Share Analysis, By
Application
12.5 North America Market Revenue & Share Analysis, By Type
12.6 North America Market Revenue & Share Analysis, By Country
12.6.1 US
12.6.2 Canada
12.6.3 Mexico
12.7 Key Takeaways
13 EUROPE MARKET ANALYSIS
13.1 Europe Market Revenue & Share Analysis, By Sensitivity
Type
13.2 Europe Market Revenue & Share Analysis, By Heat Treat Type
13.3 Europe Market Revenue & Share Analysis, By Non-Heat Treat
Type
13.4 Europe Market Revenue & Share Analysis, By Application
13.5 Europe Market Revenue & Share Analysis, By Type
13.6 Europe Market Revenue & Share Analysis, By Country
13.6.1 UK
13.6.2 Italy
13.6.3 Spain
13.6.4 Germany
13.6.5 France
13.6.6 Rest of Europe
13.7 Key Takeaways
14 ASIA PACIFIC MARKET ANALYSIS
14.1 APAC Market Revenue & Share Analysis, By Sensitivity Type
14.2 APAC Market Revenue & Share Analysis, By Heat Treat Type
14.3 APAC Market Revenue & Share Analysis, By Non-Heat Treat
Type
14.4 APAC Market Revenue & Share Analysis, By Application
14.5 APAC Market Revenue & Share Analysis, By Type
14.6 APAC Market Revenue & Share Analysis, By Country
14.6.1 China
14.6.2 Japan
14.6.3 India
14.6.4 South Korea
14.6.5 Rest of APAC
14.7 Key Takeaways
15 MIDDLE EAST & AFRICA MARKET
ANALYSIS
15.1 MEA Market Revenue & Share Analysis, By Sensitivity Type
15.2 MEA Market Revenue & Share Analysis, By Heat Treat Type
15.3 MEA Market Revenue & Share Analysis, By Non-Heat Treat
Type
15.4 MEA Market Revenue & Share Analysis, By Application
15.5 MEA Market Revenue & Share Analysis, By Type
15.6 MEA Market Revenue & Share Analysis, By Country
15.6.1 GCC
15.6.2 South Africa
15.6.3 Rest of MEA
15.7 Key Takeaways
16 SOUTH AMERICA MARKET ANALYSIS
16.1 SA Market Revenue & Share Analysis, By Sensitivity Type
16.2 SA Market Revenue & Share Analysis, By Heat Treat Type
16.3 SA Market Revenue & Share Analysis, By Non-Heat Treat Type
16.4 SA Market Revenue & Share Analysis, By Application
16.5 SA Market Revenue & Share Analysis, By Type
16.6 SA Market Revenue & Share Analysis, By Country
16.6.1 Brazil
16.6.2 Argentina
16.6.3 Rest of SA
16.7 Key Takeaways
17 COMPETITIVE SCENARIO
17.1 Overview
17.2 Key Players Market Share Analysis
17.3 Recent Developments & Source Launches
17.4 Mergers & Acquisitions
17.5 Partnerships, Agreements & Collaborations
18 COMPANY PROFILES
18.1 Overview
18.2 Key players
18.2.1 United Company RUSAL Plc (Russia)
18.2.1.1 Business Overview
18.2.1.2 Product Offered
18.2.1.3 Financial Insights
18.2.1.4 Strategic Developments
18.2.1.4.1 New Product Launches
18.2.1.4.2 Agreements & Collaborations
18.2.1.5 Business Aspects (NOISE Analysis)
18.2.1.5.1 Key Strengths
18.2.1.5.2 Opportunities
18.2.1.5.3 Weaknesses & Competitive Threats
18.2.1.5.4 Needs & Improvements
18.2.2 Alcoa Inc. (US)
18.2.3 Aluminum Corp. of China Ltd. (China)
18.2.4 Kaiser Aluminum Corporation (US)
18.2.5 Norsk Hydro ASA (Norway)
18.2.6 Dubai Aluminum Co. (UAE)
18.2.7 Constellium (France)
18.2.8 Kobe Steel, Ltd. (Japan)
18.2.9 Aluminum Bahrain B.S.C. (Middle East)
18.2.10 Trimet (US)
19 DISCLAIMER
20 APPENDIX
