Aluminum Alloys Market manufacturers & industry share 2017–2024

Positively impacting the global Aluminum Alloys Market, the transportation industry emerged as one of most significant application segment changing the aluminum alloys industry dynamics. Both in terms of volume and revenue, the transportation industry will prominently sway the entire aluminum alloys industry over the years ahead, having accounted for 45% of global industry share in 2016. A substantial rise in the demand of lightweight and sturdy automotive vehicles have subsequently fueled the demand for aluminum alloys, thanks to its high strength to weight ratio and machinability.

Global Market Insights has a new study based report titled " Aluminum Alloys Market Size By Product (Wrought, Cast), By End-user (Transportation, Construction, Packaging, Machinery, Electrical), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024".

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The global automotive sales have reportedly exceeded 90 million units in 2016 from that recorded at 80 million units in 2011. This massive increase in such a short time span of 5 years has significantly impacted the aluminum alloys market demand. Moreover, the growth chart is quickly climbing up not only for the automobile car sales sector but proportionally for aircrafts sales as well. Allegedly, the rise in number of flyers went up from 3 billion to 3.7 billion between 2011 to 2016 and the number is likely to twofold over the next two decades.

The global aluminum alloys market is slated to witness a prosperous growth with the substantial surge in demand of commercial aircrafts. Growing industrialization and globalization will significantly influence this billion-dollar aluminum alloys industry to grow at a CAGR of 5% over 2017-2024, as per estimates by Global Market Insights, Inc.

The report offers all-inclusive analysis of:

1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period

The robust growth dynamics of the transportation and the construction industry have positively influenced the economic saga of Asia Pacific and Europe. Accounting for more than 60% of overall industry share, Asia Pacific aluminum alloys market is expected to expand at 5.5% CAGR over 2017-2024. The steady growth of automotive, marine, and the construction industries in China, India, and Japan will signify the profitable growth prospects of Asia Pacific aluminum alloys market. The exponential rise in the GDPs of emerging economies will also be a major growth catalyst for the expansion of regional aluminum alloys industry.

The Aluminum Alloys Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Aluminum Alloys Market Industry Insights

3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights

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3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends

4. Aluminum Alloys Market Product Insights

On the basis of product, aluminum alloys market has been segmented into wrought alloy and cast alloy. Wrought alloy have higher tensile strength in cast alloys and have more aluminum content, making them a popularly used product category. They are lighter in weight and are normally free from common casting defects such as porosity and shrink. With increasing demand for lighter and stronger metal for fabrication of different mechanical parts, global wrought market size will witness substantial gain in coming years.

Cast alloys are manufactured with other elements including silicon, copper, magnesium, zinc, and tin, in order to provide the required characteristics for specific applications. For instance, aluminum-tin alloy exhibits low strength but extremely high wear resistance, while aluminum-copper alloys have high strength and low corrosion resistance. Specialty engineering for development of specifically required mechanical parts will have a positive influence on the global cast aluminum alloys market.

5. Aluminum Alloys Market Application Insights

6. Aluminum Alloys Market Regional Insights

Asia Pacific aluminum alloys market accounted for more than 60% of the global share in 2016 and will witness growth by a CAGR more than 5.5% in the forecast years. Aggressive developments in the construction, automotive, and marine industry in China will signify the regional industry growth in the next few years. Growing industrialization in India and Southeast Asian countries will further augment the growth.

Presence of several high-end automotive and aeronautical companies in Europe, especially in Germany, UK, France, and Italy, will positively influence the regional market in coming years. Technologically advanced manufacturing units are primarily driven by increasing the product efficiencies. Aluminum alloys market demand in these countries will grow on the account of increasing demand for performance products in the end-user industries.

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7. Competitor Profiles

Aluminum alloys market competitive landscape is moderately fragmented with the top four manufacturing companies, namely United Company RUSAL Plc, Rio Tinto Alcan, Aluminum Corporation of China Ltd., and Alcoa Inc., accounting for more than a quarter of the global share in 2016. Other key industry players include Kobe Steel Ltd., Constellium, Aleris International Inc., Aluminium Bahrain B.S.C., Dubai Aluminium Company Ltd., Norsk Hydro ASA and Kaiser Aluminum Corporation.

About Global Market Insights, Inc.:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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