Aluminum Alloys Market Growth and Forecast To 2027: Leading Players Alcoa Inc., Aluminium Bahrain B.S.C., Kobe Steel

An increase in air travel and rising global trade activities have led to significant demands for aluminum alloys from the aviation industries. According to the International Air Transport Association (IATA), the aviation industry witnessed a surge in the number of flyers from 3 billion in 2011 to more than 3.7 billion in 2016. The rising number of delivery of new aircraft to cater to the rising number of flyers has propelled the demand for aluminum alloys used in aircraft construction.

Moreover, aluminum alloys play a crucial role in the automotive industry as they are used to reduce the weight of automobiles and improve fuel efficiencies. They are extensively used in manufacturing front and rear fenders, body panels, wheel rims, pillars, bonnets, doors, etc. The growing onus on automobile manufacturers to produce automobiles with lighter weight and better mileage is anticipated to fuel the demand for aluminum alloys in the forecast period. Moreover, the rising demand for aluminum alloys from end-use industries such as packaging, machinery, ship-building, and construction is also expected to propel the aluminum alloys market further.

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The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Chemicals and Materials, and many more. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Aluminum Alloys market globally. This report on ‘Aluminum Alloys market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Competitive scenario:
The study assesses factors such as segmentation, description, and applications of Aluminum Alloys industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

Aluminum alloys are alloy metals in which alloying elements are added to pure aluminum to alter its properties. The most commonly used alloying elements in aluminum alloys include iron, manganese, copper, magnesium, zinc, and silicon. Aluminum alloys have become the most widely used non-ferrous materials in various engineering applications owing to their desirable properties such as corrosion resistance, high electrical and thermal conductivity, high recyclability, better ductility and malleability, and high strength-to-weight ratio.

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Major vendors covered in this report:
Alcoa Inc., Aluminium Bahrain B.S.C., Aluminum Corporation of China Ltd., Constellium, Dubai Aluminium Company Ltd., Kaiser Aluminum Corporation, Kobe Steel Ltd., Norsk Hydro ASA, Rio Tinto Alken, United Company RUSAL Plc

Scope of the Report

The research on the Aluminum Alloys market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Aluminum Alloys market on the basis of end user, product type, application, and demography for the forecast period 2021–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The global aluminum alloys market is segmented on the basis of product and end-user. On the basis of product, the aluminum alloys market is segmented into, cast alloy and wrought alloy. Based on end-user, the global aluminum alloys market is segmented into, transportation, construction, packaging, machinery, electrical, and others.

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Aluminum Alloys Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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