Industry Background:
Aluminium alloys contains aluminium as main content and other alloying elements including copper, manganese, magnesium, silicon, tin and zinc as minor content. Countries are gradually shifting their focus towards funds for industrial developments in order to create job opportunities to the growing number of young as well as middle age population. Government initiatives to develop the infrastructure and housings in these nations, particularly in China and India, will further catalyze the aluminum alloys market growth. Increasing usage of advanced materials in building construction and infrastructures including flyovers and bridges will boost the global aluminum alloys market in the forested periods.This growth is primarily driven by Rapidly Rising Population
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Aluminum sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Aluminium Bahrain B.S.C. (Bahrain), Contellium (Netherlands), United company RUSAL PLc. (Russia), Rio Tinto Alken (Australia), Aluminium Corporation of China Ltd. (China), Alcoa Inc. (United States), Norsk Hydro ASA (Norway), Kobe Steel Ltd. (Japan), Dubai Aluminium Company Ltd. (Dubai) and Aleris International Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
The competitive landscape in the aluminium alloys sector is moderately fragmented. Companies are concentrating their efforts on the transportation sector in order to maintain competition and expand market share. As key producers struggle to secure bauxite sources for product consistency, the aluminium alloys market environment has a lot of backward integration. Continuous R&D efforts for product creation, as well as smart acquisitions and mergers, help the companies increase their market position.
Regulatory Insights:
(a) Identity. (1) The color additive bronze powder is a very fine metallic powder prepared from alloys consisting principally of virgin electrolytic copper and zinc with small amounts of the virgin metals aluminum and tin. It contains small amounts of stearic or oleic acid as lubricants. and (2) Color additive mixtures for drug use made with bronze powder may contain only those diluents listed in this subpart as safe and suitable for use in color additive mixtures for coloring externally applied drugs.
Influencing Trend:
Stringent Regulation for Fuel Efficiency and Emission and High Demand in Various End User Industry
Market Growth Drivers:
Rapidly Rising Population and Increasing Urbanization in the BRICS Nations
Challenges:
Low Laser Absorptivity and High Cracking Sensitivity during manufacturing Processing
Restraints:
Fluctuation in the Prices of Aluminum
Opportunities:
Rising Air Travel Trends for Domestic As Well As International Commuting and Rising Global Trade Activities
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Aluminium Alloys Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Aluminium Alloys Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Aluminium Alloys players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Aluminium Alloys Study Sheds Light on
The Aluminium Alloys Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aluminium Alloys industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aluminium Alloys industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.