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High Strength Aluminum Alloys Global Market By Manufacturers, By Technology, By Application, By Product Type, By Regional Analysis And Forecast 2023-2032 | Rio Tinto PLC, Aluminum Bahrain B.S.C., Mitsubishi Rayon Co. Ltd., Norsk Hydro ASA, Alcoa Inc.
High Strength Aluminum Alloys Market
High Strength Aluminum Alloys Market Size, Growth Rate, And Forecast
The global high strength aluminum alloys market size grew from $38.09 billion in 2022 to $41.57 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The high strength aluminum alloys market size is expected to grow to $58.53 billion in 2027 at a CAGR of 8.9%.
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High Strength Aluminum Alloys Market Drivers
Increasing demand for lightweight automobiles and aircraft is driving the growth of the high-strength aluminium alloys market. The use of aluminium alloys decreases the weight of an aircraft greatly as it is quite lighter than steel, allowing aircraft to either carry more weight or increase fuel efficiency.
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High Strength Aluminum Alloys Market Segments
• By Alloy Type: Wrought, Cast
• By Strength: High-Strength, Ultra-High Strength
• Application: Aerospace, Defense And Space, Automotive, Railway And Marine, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the High Strength Aluminum Alloys market.
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High Strength Aluminum Alloys Market Key Players
Major competitors in the High Strength Aluminum Alloys market include Rio Tinto PLC, Aluminum Bahrain B.S.C., Mitsubishi Rayon Co. Ltd., Norsk Hydro ASA, Hindalco Industries Limited, Alcoa Inc., United Company Rusal, Aluminum Corporation of China Limited, Century Aluminum Company, China Hongquiao Group Limited., Constellium SE, Advanced Materials Technology, Alemix, Kobe Steel, Ltd., NALCO and Precision Armament
The Business Research Company's "Global High Strength Aluminum Alloys Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high-level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The High Strength Aluminum Alloys Market Include:
1. Executive Summary
2. High Strength Aluminum Alloys Market Characteristics
3. High Strength Aluminum Alloys Market Trends And Strategies
4. High Strength Aluminum Alloys Market - Macro Economic Scenario
5. High Strength Aluminum Alloys Market Size And Growth
.....
26. Africa High Strength Aluminum Alloys Market
27. High Strength Aluminum Alloys Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The High Strength Aluminum Alloys Market
29. High Strength Aluminum Alloys Market Future Outlook and Potential Analysis
30. Appendix
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