Press release
Aluminum Alloy Market size was valued at USD 145.1 Bn. in 2023 and is expected to reach USD 229.97 Bn. by 2030, at a CAGR of 6.8% as per Stellar Market Research
Stellar Market Research, has published market intelligence and competitive landscape report on the Aluminum Alloy Market. Over the forecast period, Stellar Market Research expects the Aluminum Alloy Market to grow from USD 145.1 Bn in 2023 and is expected to reach USD 229.97 Bn by 2030, at a CAGR of 6.8 percent.For Further Information Regarding The Report@https://www.stellarmr.com/report/Aluminum-Alloy-Market/2147
Aluminum Alloy Market Scope:
Market Size in 2023 USD 145.1 Bn.
Market Size in 2030 USD 229.97 Bn.
CAGR 6.8% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 256
No. of Tables 120
No. of Charts and Figures 115
Segment Covered by Type and End Use Industry
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
For additional insights: Get a Free Sample Report Here@https://www.stellarmr.com/report/req_sample/Aluminum-Alloy-Market/2147
Aluminum Alloy Market Overview:
The Aluminum Alloy Market is estimated to grow at a high rate during the forecast period due to increasing demand for lightweight materials, and sustainability initiatives. Emerging applications in electric vehicles, renewable energy systems, and additive manufacturing create growth opportunities for the Aluminum Alloy industry.
Aluminum Alloy Market Dynamics:
Aluminum alloys are in high demand for construction due to their corrosion resistance, visual appeal, and sustainability, driving market growth. R&D in alloy composition and manufacturing are creating new opportunities, with advanced alloys meeting specific performance requirements. The market faces challenges due to supply and cost fluctuations of raw materials, impacting production stability and pricing. Innovations in recycling technologies can help mitigate these issues.
Aluminum Alloy Market Competitive Landscape:
In May 2022, Hydro acquired Alumetal S.A., enhancing its recycling capabilities and expanding into the low-carbon foundry alloy market.
In May 2022, Constellium partnered with Morf3D to qualify Aheadd® CP1 aluminum alloy powder for SLM®500 AM machines, focusing on large-format Additive Manufacturing.
In May 2024, JSW Steel launched JSW Magsure, India's first Zinc-Magnesium-Aluminium alloy coated steel product, targeting domestic demand and reducing reliance on imports.
Aluminum Alloy Market Regional Insight:
Asia Pacific Aluminum Alloy Market dominated the global market in 2023 with the largest share. The region contains diverse economies reaching from highly industrialized nations such as Japan and South Korea to emerging markets such as India, Vietnam, and Indonesia.
Aluminum Alloy Market Segmentation:
By Type
Wrought Aluminum Alloy
Cast Aluminum Alloy
By End Use Industry
Automotive & Transportation
Construction
Packaging
Electrical
Consumer Goods
For additional insights: Get a Free Sample Report Here@https://www.stellarmr.com/report/req_sample/Aluminum-Alloy-Market/2147
Leading Aluminum Alloy Market key industry:
Rio Tinto Alcan (Montreal, Canada)
Alcoa Corporation (Pittsburgh, Pennsylvania, USA)
Constellium (Paris, France)
Kobe Steel (Kobe, Japan)
Norsk Hydro ASA (Oslo, Norway)
Novelis Inc. (Atlanta, Georgia, USA)
UC RUSAL (Moscow, Russia)
China Hongqiao Group (Binzhou, China)
Key questions answered in the Aluminum Alloy Market are:
What is the expected growth rate of the Global Aluminium Alloy Market during the forecasted period?
Which region is expected to dominate the Global Aluminium Alloy Market during the forecasted period?
What is expected Global Aluminium Alloy Market size by 2030?
How is the Global Aluminium Alloy Market segmented for the research?
What are the factors driving the Global Aluminium Alloy Market growth?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
Stellar Market Research is leading Chemical & Material research firm, has also published the following reports:
Slovenia Aluminum Honeycomb Market was valued at USD 1.91 billion in 2023. Market size is estimated USD 1.91 Billion to grow at a CAGR of 6% over the forecast period.
Global Sodium Aluminum Silicate Market size reached USD 10.89 Bn. in 2023 and expects the market to reach USD 16.17 Bn. by 2030, showing a CAGR of 5.8% during 2024-2030.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4 Kothrud
Pinnac Memories Fl. No. 3
Kothrud, Pune, Maharashtra, 411029
sales@stellarmr.com
+91 9607365656
About Stellar Market Research:
Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. Firm research on Healthcare, Pharmaceuticals, Electronics, and communications, Chemical and Material, Food and beverage, Aerospace and defense, and other sectors. The company provides numerous services i.e., consultancy, Market Intelligence, Syndicate Research, etc. to help executives in any organization and consumers achieve their mission-critical goals.
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