Global Aluminium Alloy Market (2021-2026) by Strength, End Users, Alloy Type, and Geography , IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
Global Aluminium Alloy Market is estimated to be USD 51.28 Bn in 2021 and is expected to reach USD 66.39 Bn by 2026, growing at a CAGR of 5.3 %.
Increasing the use of Aluminium Alloy in Land and Air vehicles and development in same will drive the Global Aluminium Alloy market. The Increasing application of Aluminium Alloy in the Building and Construction industry will help in the growth of the Global Aluminium Alloy Market. However, High Costs associated with the production of Aluminium Alloy and the production of environmentally hazardous by-products will restrict the development of the Global Aluminium Alloy Market.
The strength and lightweight characteristics of Aluminum Alloy are adaptive with electric vehicles. Thus the rising demand for electric vehicles will turn favorably on the Global Aluminium Alloy Market. Wide application in the Semiconductor Industry will increase the growth of the market. Government Regulations And environmental concerns with mining of bauxite will be a challenge for the Global Aluminium Market.
The Global Aluminium Alloy Market is segmented further based on Strength, End Users, Alloy Type, and Geography.
By strength, the market is classified into High Aluminium Alloy and Ultra-High Aluminium Alloy.
By End Users, the market is classified into Aerospace and Defence, Automotive And Transportation, Marine. Amongst all, the Automotive And Transportation segment is estimated to hold the highest market share during the forecast period.
By Alloy Type, the market is classified into Cast Alloys and Wrought Alloys. Amongst all, the Wrought segment is estimated to hold the highest market share during the forecast period.
By Geography, North America is projected to lead the market.
1. Commission adopts final measures to preserve the divestment of former Aleris plant in Belgium following Novelis' acquisition of Aleris(After two years after signing a deal to take over Ohio-based aluminum rolled products maker Aleris Corp, billionaire Kumar Mangalam Birla’s Hindalco Industries finally completed the acquisition through its subsidiary Novelis Inc.)- 18th February 2021
2. Rio Tinto Partners With Comptech On Aluminium Giga-Casting Technology- 31st May 2021
3. Norsk Hydro To Install Hydrogen Plants Alongside Aluminium Smelters In Partnership With Everfuel- 22nd May 2021
Some of the companies covered in this report are Aloca, Aleris, Kobe Steel, Hongqiao, Rusal, Xinfa, etc.
America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Aluminium Alloy Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence’s Proprietary competitive positioning tool.
A complete analysis of the market, including parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
Aluminium Corporation of china
Century Aluminium Company
Rio Tinto Alcan
Emirates Global Aluminium
East Hope Group Company Limited
China Power Investment Corp
Kobe Steel Ltd
Dubai Aluminium Company
IBC Advanced Alloys
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