Our latest research report entitled Aluminium Alloy Market (by alloy type (wrought alloys, and cast alloys), strength type (high strength aluminum alloys, and ultra-high-strength aluminum alloys), end-user (automotive & transportation, aerospace & defense, marine, and other end-users)) provides complete and deep insights into the market dynamics and growth of Aluminium Alloy.
The latest information on market risks, industry chain structure Aluminium Alloy cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Aluminium Alloy growth factors.
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Growing Automobile and Aerospace Industry is One of the Major Factors Contributing to the Growth
The unique combinations of properties provided by aluminum and its alloys make aluminum one of the most economical, versatile, and attractive metallic materials for a broad range of uses from soft, highly ductile wrapping foil to the most demanding engineering applications. Aluminum alloys hold the second position after steel in use as structural metals. Owing to its great physical and chemical properties aluminium alloys are becoming the first choice in many industrial applications.
Rapidly growing automobile and aerospace industry is one of the major factors contributing to the growth of the market. Aluminium alloy possesses high tensile strength and it is very durable and light in weight compared to steel such properties has globally increased its demand. Furthermore, aluminium is an important part of the construction industry that can be used in lightweight frames, doors, flooring and for many other purposes, the growing construction industry, especially in developing countries, has increased the aluminium alloy demand.
On the other hand, the high cost associated with the aluminium alloys can hamper the growth of the market. However, besides high cost, continuous demand from all the major industries will provide a better opportunity for the growth of the market in the forecast period.
Asia-Pacific Dominates the Global Alloy Market
Based on the region, the aluminium alloy market is segmented into North America, Europe, Asia-Pacific, and RoW. The Asia-Pacific dominates the global alloy market. Factors such as the growing automotive industry, the presence of several aluminium alloy manufacturers and growing industrialization are contributing to the growth of the Asia-Pacific aluminium alloy market.
Europe also holds a significant share in the market, followed by North America owing to the large automotive sector in this region. Growing industrialization, construction sector and growing production of military equipment supporting the growth of aluminium alloy market in North America.
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Report on Global Aluminium Alloy Market Covers Segments such as Alloy Type, Strength Type, and End-User
On the basis of alloy type, the sub-markets include wrought alloys and cast alloys. On the basis of strength type, the sub-markets include high strength aluminum alloys and ultra-high-strength aluminum alloys. On the basis of end-user, the sub-markets include automotive & transportation, aerospace & defense, marine, and other end-users.
The report provides profiles of the companies in the market such as RIO Tinto plc, Aluminum Bahrain B.S.C., Alcoa Inc., Hindalco Aluminum Limited, United Co RUSAL plc, Norsk Hydro ASA, Aluminum Corporation of China Limited, Century Aluminum Company, China Hongqiao Group Limited, Aleris, and other companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-aluminium-alloy-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Aluminium Alloy.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.