2020-2025 Aluminium Alloys Market Impressive Gains including Top Key Players - Alcoa, Kobe Steel, Rio Tinto Alcan, Kaiser Aluminum, Aleris, Rusal, AMI Metals, Materion
Overview of Global Aluminium Alloys Market:
This report studies the Global Aluminium Alloys Market over the forecast period of 2020 to 2025. The Global Aluminium Alloys Market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) from 2020 to 2025.
Significant key factors driving the growth of the Global Aluminium Alloys Market are growing stringent regulations for fuel efficiency and emission and growing use of high strength aluminum alloy in luxury car segment. In addition, the beneficial properties of the product such as lightweight, corrosion resistance, and dent resistance allow car manufacturers to make the car body thicker in order to increase the dent resistance. Therefore automobile manufacturers are gradually shifting from steel to aluminum alloys to reduce vehicular weight.
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The Global Aluminium Alloys Market is segmented on the basis of Type, Application and Region. Based on the Type, the Global Aluminium Alloys Market is sub-segmented into Deformed Aluminium Alloy, Cast Aluminium Alloy and others. On the basis of Application, the Global Aluminium Alloys Market is classified into Aviation Industry, Military Industry, Industrial Manufacture, Medical Industry and others.
In terms of the geographic analysis, The Aluminium Alloys Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Aluminium Alloys Market ecosystem results in the increasing adoption of these systems in North America.
Global Aluminium Alloys Market Objectives:
1 To provide detailed information regarding key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the Aluminium Alloys Market
2 To analyze and forecast the size of the Aluminium Alloys Market, in terms of value and volume
3 To analyze opportunities in the Aluminium Alloys Market for stakeholders and provide a competitive landscape of the market
4 To define, segment, and estimate the Aluminium Alloys Market based on deposit type and end-use industry
5 To strategically profile key players and comprehensively analyze their market shares and core competencies
6 To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
7 To forecast the size of market segments, in terms of value, with respect to main regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America
8 To track and analyze competitive developments, such as new product developments, acquisitions, expansions, partnerships, and collaborations in the Aluminium Alloys Market
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Top Leading Key Manufacturers are: Alcoa, Rio Tinto Alcan, Kaiser Aluminum, Aleris, Rusal, Constellium, AMI Metals, Thyssenkrupp Aerospace, Kobe Steel, Materion, VSMPO-AVISMA and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Global Business News:
Kobe Steel (July 13, 2020) - Kobe Steel, Vale and Mitsui & Co. to collaborate in low CO₂ ironmaking solutions - Kobe Steel, Ltd., together with its wholly owned U.S. subsidiary, Midrex Technologies, Inc., has reached a non-binding agreement with Vale S.A., the world's largest iron ore producer, and Mitsui & Co., Ltd., a global trading and investment company with a diversified business portfolio, to collaborate in providing low CO2 iron metallics and ironmaking solutions to the world's steel industry.
Steel is a fundamental material that supports everyday life and is used in a variety of industries including infrastructure and consumer goods. Steel is noted for its competitive advantages in terms of resource availability, manufacturing costs and functional flexibility. Kobe Steel is contributing to reducing CO2 emissions through various products, such as high tensile strength steel sheets for automotive weight reduction. However, as the CO2 emissions arising from the steel manufacturing process are also an issue from the standpoint of climate change, there is a growing need worldwide to reduce CO2 emissions in the steel industry.
The MIDREX Process is the world’s leading direct reduction ironmaking technology, with MIDREX Plants producing more than 60% of the world’s direct reduced iron. Because the MIDREX Process uses natural gas (or gas derived from coal) to reduce iron ore for use in steelmaking, its CO2 emission level is lower than the blast furnace route. Kobe Steel considers that the MIDREX Process will play an important role in promoting this initiative.
Kobe Steel and Midrex will utilize the collective strengths of their products, people and technologies in this initiative. In collaboration with Vale and Mitsui & Co., the Kobe Steel Group is committed to contributing to the reduction of CO2 emissions in steel production worldwide.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Aluminium Alloys in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Aluminium Alloys Market Report 2020
1 Aluminium Alloys Product Definition
2 Global Aluminium Alloys Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Aluminium Alloys Shipments
2.2 Global Manufacturer Aluminium Alloys Business Revenue
2.3 Global Aluminium Alloys Market Overview
2.4 COVID-19 Impact on Aluminium Alloys Industry
3 Manufacturer Aluminium Alloys Business Introduction
3.1 Alcoa Aluminium Alloys Business Introduction
3.2 Rio Tinto Alcan Aluminium Alloys Business Introduction
3.3 Kaiser Aluminum Aluminium Alloys Business Introduction
3.4 Aleris Aluminium Alloys Business Introduction
3.5 Rusal Aluminium Alloys Business Introduction
3.6 Constellium Aluminium Alloys Business Introduction
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