Aluminium Alloy Market Analysis & Forecast 2024-2030

Global Aluminium Alloy Market is expected to reach USD 194820.71 million by 2030 with CAGR of 8.3% between 2024 and 2030

Bauxite is the raw material of aluminium. Bauxite is electrolysed to produce aluminium alloys. Aluminium alloys contains aluminium as major content and other alloying elements such as copper, magnesium, manganese, silicon, tin and zinc as minor content. Aluminium alloys are divided into two types i.e. casting alloys and wrought alloys. And these are further divided into heat treatable and non- heat treatable. Most of the aluminium is used in wrought products like rolled plate, foils and extrusions. Cast aluminium alloys has low tensile strength and melting point than wrought alloys.  

Aluminium in its pure form does not possesses high tensile strength but addition of alloying elements gives it high tensile strength. It can work in cold environments also and its tensile strength increases in cold temperatures. Aluminium is lighter than copper and steel. It has high strength to weight ratio which makes it important structural material for transportation industries because it allows increased payloads and fuel savings. Aluminium alloys have excellent corrosion resistance, toughness, durability, electrical conductivity and thermal conductivity.  

Based on applications or end-user, global aluminium market is categorised into Electrical Application, Food Packaging, Truck and Marine Frames, Aircraft Industry, Structural and Automotive Application and Architectural Application. As aluminium is good conductor of electricity it used in producing transmission lines, transformers and motors. Cost of aluminium is lower than copper therefore in electric sector it is highly preferred. Due to lightweight components, better fuel efficiency and reduced emissions trends aluminium alloys are preferred in automotive sector on large scale. Aluminium alloys have great barrier properties against UV light, moisture and odour therefore they are used in food packaging industries also. They are used to manufacture structural parts of aircraft.  

Geographically, the Global Aluminium Alloy Market is segmented into several regions such as North America, Europe, China, Japan, Southeast Asia and India. Currently Asia Pacific shares largest segment of this market. Due to rapid industrial growth and urbanization in developing countries of Asia Pacific regions, aluminium alloys market also expected to show higher growth rate in Asia Pacific regions during forecasted period.  

Aluminium Alloy Market : Heat Sensitivity Type

• Heat Treatable Alloys
• Non Heat-Treatable Alloys

Aluminium Alloy Market : Design Type

• 2000 Series
• 3000 Series
• 4000 Series
• 5000 Series
• 6000 Series
• 7000 Series
• Other Series

Aluminium Alloy Market : Application

• Electrical
• Food Packaging
• Construction
• Automotive
• Marine
• Aerospace Industry

Global Aluminium Alloy Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Aluminium Alloy Market:

• United Aluminum
• Emirates Global Aluminium
• Hydro
• Alcoa
• ELVAL
• RUSAL
• Atlas Steels
• Wilsons Ltd
• Stena Aluminium
• Comet Metals

Geographical analysis of Aluminium Alloy Market:

• North America
  • U.S.A
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Aluminium Alloy Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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