Global Aluminium Alloys Market Is Expanding At A CAGR Of 8.1% Over 2022 To 2032
The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The Aluminium Alloys industry suffered a huge setback due to halted production and a limited supply of raw materials.
With the vaccination process picking up pace in countries like China, India, the U.S., the U.K., and Germany, manufacturers are gradually heading towards the road to recovery with an improved supply chain and streamlined production activities.
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Key Segments Covered in Aluminium Alloys Industry Survey
Aluminium Alloys Market by Type:
Heat Treatable Aluminium Alloys
Non-Heat Treatable Aluminium Alloys
Aluminium Alloys Market by Casting / Operation:
Sand Casting Aluminium Alloys
Investment Casting Aluminium Alloys
Permanent Mold Casting Aluminium Alloys
Die Casting Aluminium Alloys
Aluminium Alloys Market by Application:
Aluminium Alloys for Packaging
Aluminium Alloys for Automotive
Aluminium Alloys for Marine
Aluminium Alloys for Consumer Durables
Laptop & Desktop Parts & Accessories
Tablets & Smartphone Parts
Aluminium Alloys for Aerospace
Aluminium Alloys for Building & Construction
Siding and Roofing
Windows and Doors
Aluminium Alloys Market by Alloy:
Cast Aluminium Alloys
Primary Foundry Alloys
Secondary Foundry Alloys
Wrought Aluminium Alloys
Aluminium Alloys Market by Region:
North America Aluminium Alloys Market
Latin America Aluminium Alloys Market
Europe Aluminium Alloys Market
East Asia Aluminium Alloys Market
South Asia & Oceania Aluminium Alloys Market
Middle East & Africa Aluminium Alloys Market
Alcoa, Aluar, Alvance, CBA, and Chalco, are some of the major aluminium alloy suppliers in the market.
In December 2021, Rusal announced investing around US$ 12 million for carrying out modernization of its alloy car wheel plant at SKAD in Russia. The company aims at expanding its business capabilities and target high-growth countries with rising demand of aluminium alloys in Germany.
In November 2021, CBA Brazil announced acquiring around 80% shares of secondary alloyed aluminium producer Alux. CBA has been involved in extensive production capacity expansions and is projected to go for the same strategy in the near future.
Fact.MR has provided detailed information about the price points of top manufacturers of aluminium alloys positioned across regions, in addition to providing sales growth information, production capacity, and speculative production expansion, in the recently published report.
Infrastructure Expansion in the U.S. is Fueling Demand for Aluminium Alloys
The Aluminium Alloys chemical industry in the U.S. suffered a huge setback due to the coronavirus outbreak in 2022, halting operations in industries such as construction, automotive, and pharmaceutical.
However, with the gradual resumption of production activities and improvements in the supply chain globally, manufacturers operating in the Aluminium Alloys chemical industry are gearing up to retain the industry's post-pandemic status.
Rising demand for Aluminium Alloys dispersants from the construction and oil & gas industry is driving the Aluminium Alloys chemical industry in the U.S. Aluminium Alloys dispersants are widely used in the construction industry, and the anticipated growth is attributable to the wide expanse of real estate in the country.
Increasing housing infrastructure projects are propelling Aluminium Alloys dispersant sales, thus augmenting the growth of the Aluminium Alloys chemical industry. The presence of leading players in the country is also driving sales and export in the Aluminium Alloys chemical industry.
U.K is Capitalizing on Aluminium Alloys Binders for Sustainable Construction Activities
The U.K. has been at the forefront in terms of technological advancements and the adoption of sustainable technology in production globally, which is a key factor augmenting the growth of the Aluminium Alloys chemical industry.
In 2022, the country suffered huge setbacks due to the adverse effects caused by the COVID-19 pandemic. However, manufacturers operating in the Aluminium Alloys chemical industry are striving to achieve the pre-pandemic status by opting for various Aluminium Alloys and inHigh Purity Quartz Sand growth strategies.
In the U.K, the growth of the Aluminium Alloys industry can be attributed to the surging demand for Aluminium Alloys binders. The environment-friendly nature, low energy consumption, and cost-effectiveness offered by Aluminium Alloys binders are key factors leading the sales and demand.
Growing urbanization and rapid increments in infrastructure activities across the country are fueling the demand for Aluminium Alloys binders, thus creating lucrative opportunities for several players operating in the Aluminium Alloys chemical industry in the upcoming decade.
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China is Incorporating Aluminium Alloys Pigments in Textiles and Visual Arts
The global hub for the Aluminium Alloys chemical industry, China, is picking up pace in its post-covid recovery, due to the timely eradication of the virus. With little to no restrictions, most production-related activities have resumed across the country, acting as anchors for various local and global manufacturers.
China is a lucrative ground for the Aluminium Alloys industry due to the presence of leading manufacturers and several industries such as textile, pharmaceutical, plastic, and paint. Due to the abundance of these industries, the demand for Aluminium Alloys pigments is also gaining immense traction in China.
Aluminium Alloys pigments are non-toxic, cost-effective, and offer good color strength, making them a favorable choice for usage in various end-use sectors. Increasing the use of Aluminium Alloys pigments in plastics, textiles, paints, and coatings will continue driving the growth in the Aluminium Alloys industry.
Additionally, the wide range of unique shades available in Aluminium Alloys pigments makes them a preferred choice for visual arts as well. The consumption of Aluminium Alloys pigments in high-tech applications such as photo-reprographics, optoelectronic displays, and optical data storage are fueling the demand for Aluminium Alloys pigments and creating lucrative opportunities for players operating in the Aluminium Alloys industry.
India Will Showcase High Demand for Speciality Aluminium Alloys
India is emerging as a lucrative market for the Aluminium Alloys chemical industries for players across the world. With gradual resumptions in the restrictions on movement, the country is slowly getting back on track to achieve post-pandemic status in the coming years.
The Aluminium Alloys industry in India is capitalizing on various sectors such as paints, pharmaceuticals, adhesives, pesticides, and dyes, making it one of the most important industries in the country.
Leading players operating in the Aluminium Alloys industry are focusing on enhancing their product portfolio by adding specialty chemicals such as polymer additives, water treatment chemicals, and lubricating additives, which will further drive growth and sales in the industry in the upcoming decade.
The newly discovered natural gas reserves in the country will also enable manufacturers to procure diverse Aluminium Alloys and will continue augmenting the growth of the Aluminium Alloys chemical industry.
Key Long-Term Trends
The global Aluminium Alloys industry is gradually recovering in 2021 and is expected to gain momentum in the upcoming years. With a noteworthy surge in activities in industries such as infrastructure, construction, pharmaceutical, and oil & gas, the Aluminium Alloys industry will show an upward trend in the coming years. Some new trends that are augmenting the market growth are:
The Aluminium Alloys industry will largely benefit from chemoinformatic due to various factors such as the ease of evaluating specific properties of large compounds. The use of computational and informational techniques will help manufacturers gain insights into the new and existing chemicals and how to incorporate them into Aluminium Alloys chemical products.
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