High Strength Aluminum Alloys Market

Global High Strength Aluminum Alloys Market by Alloy Types (Cast and Wrought), Strength (High-Strength and Ultra-High Strength), By End-users (Aerospace & Defense, Automotive & Transportation, Marine, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028

  • Report ID: MC-3054
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 3
  • No. Of Pages: 153
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The global high strength aluminum alloys market is anticipated to expand at substantial CAGR of 3.5% and is projected to reach USD 31.15 billion during the forecast period, between 2021 and 2028.

High Strength Aluminum Alloys Market key takeaways

Aluminum alloys are alloys in which aluminum is used as a main product. Additionally, other metals that are used in combination with aluminum include zinc, copper, tin, magnesium, silicon, and manganese. High strength aluminum alloy is classified into two types, namely, cast and wrought aluminum. Cast aluminum is made by melting aluminum in a furnace and poured into a mold. It is used in engine cylinder heads, cast wheels, farm equipment, machine tools, garden tools, axle housing, and window fitting. Wrought aluminum is made by modifying solid metal with the help of specific tools. It is used in motorcycle frames, welding rods, aircraft airframes, extrusions, sheeting, pressure vessels, cooking utensils, electrical conductors, and bus bars. High strength aluminum alloy with tensile strength of above 300 MP is highly adopted by automotive and transportation industry. Ultra-high strength aluminum alloy with the ultimate tensile strength of 400 MPa is majorly adopted by aerospace and defense industry for the production of aircraft systems and designing. High strength aluminum alloys are mainly used by aerospace industry, due to its prominent features, such as high strength, lightweight, reliability, low cost in comparison with exotic materials, corrosion-resistant, and reasonably isotropic.

Market Trends, Drivers, Restraints, and Opportunities:

  • Rising aluminum content in manufacture of vehicles such as car, bike, aircraft structures, and others is boosting the market.
  • Growing demand for luxury cars in developed and developing countries is driving the market.
  • Rigid regulatory framework and policies related to fuel efficiency and reduction in emissions are positively encouraging the market growth.
  • Huge cost incurred in the production and manufacture of aluminum alloys and equipment, and availability of substitute products are restricting the growth of the market.
  • Increasing adoption of electric vehicles, innovations, and development of alloys are expected to create opportunities for the growth of the market in the forecast period.

Scope of the report:

 

Attributes

Details

Report Title

High Strength Aluminum Alloys Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Alloy Types (Cast and Wrought), Strength (High-Strength and Ultra-High Strength), By End-users (Aerospace & Defense, Automotive & Transportation, Marine, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Alcoa Corporation, Aluminium Bahrain B.S.C (Alba), AMG ADVANCED METALLURGICAL GROUP N.V, Century Aluminum Company, China Hongqiao Group Limited, Hindalco Industries Ltd, Kaiser Aluminum, Norsk Hydro ASA, Rio Tinto, RusAL, Toray Advanced Composites, and UACJ Corporation.


The report on the global high strength aluminum alloys market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

High Strength Aluminum Alloys Market Segment Insights:

Wide applications of cast aluminum alloy to drive the market

In terms of alloy types, the high strength aluminum alloys market is bifurcated into cast alloy and wrought alloy. The cast aluminum alloy segment is estimated to expand at a rapid pace during the forecast period, owing to availability of wide range of products that are made by using cast aluminum alloy in comparison with wrought aluminum alloy. Low ductility pf cast aluminum and low price of raw material of cast aluminum increase its adoption by various industries. Moreover, high strength cast aluminum alloy needs limited post-cast machining in the production and manufacture of products. Hence, cast aluminum alloy is widely used by automotive manufacturers in various applications such as engine cylinder heads, cast wheels, farm equipment, machine tools, garden tools, axle housing, and window fitting.

High Strength Aluminum Alloys Market by taxonomy

High demand for high strength alloys to drive the market

Based on strength, the high strength aluminum alloys market is fragmented into high-strength alloy and ultra-high strength alloy. The high strength alloy segment constituted a significant market share in 2020 and is projected to grow in the near future, due to expansion in automotive industries which increases the demand for aluminum alloys, and high use of aluminum in various applications such as engine components, front & rear longitudinal frame, wheel rims, pistons, powertrains, and others.

High use of high strength aluminum alloys in automotive & transportation sector to drive the market

On the basis of end-users, the high strength aluminum alloys market is segregated into aerospace & defense, automotive & transportation, marine, and others. The automotive & transportation segment is expected to hold a significant share of the market during the forecast period, due to growing adoption of high strength aluminum alloys by various end-users including automotive & transportation industries. Developing innovative products and increasing demand for low maintenance high tensile strength products increase the demand for high strength aluminum alloys. Growing adoption of corrosion-resistant and recyclable high strength aluminum alloys by various industries such as automotive and transportation is anticipated to propel the segment in the coming years.

Government investments in Asia Pacific to drive the market

In terms of regions, the global high strength aluminum alloys market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific constituted a significant share of the market in 2020, due to mergers and acquisitions conducted by key market players. The high strength aluminum alloys market is estimated to be dominated by Asia Pacific, due to increasing investment by governments in upcoming rail projects in China (including rail service launched by Nippon Express Co. from Shanghai to Wuhan), Singapore (including designing and building of three stations on the Pandan Reservior branch), and India (including Metro Rail Projects). Expansion of automotive, transportation, and aerospace & defense industries is expected to increase the demand for high-strength aluminum alloys in countries such as China, Japan, and India.

High Strength Aluminum Alloys Market by regions

Segments

By Alloy Types

  • Cast
  • Wrought

By Strength

  • High-Strength
  • Ultra-High Strength  

By End-users

  • Aerospace & Defense
  • Automotive & Transportation
  • Marine
  • Others 

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • Alcoa Corporation
  • Aluminium Bahrain B.S.C (Alba)
  • AMG ADVANCED METALLURGICAL GROUP N.V
  • Century Aluminum Company
  • China Hongqiao Group Limited
  • Hindalco Industries Ltd
  • Kaiser Aluminum
  • Norsk Hydro ASA
  • Rio Tinto
  • RusAL
  • Toray Advanced Composites
  • UACJ Corporation

Competitive Landscape

Key players in the global high strength aluminum alloys market include Alcoa Corporation, Aluminium Bahrain B.S.C (Alba), AMG ADVANCED METALLURGICAL GROUP N.V, Century Aluminum Company, China Hongqiao Group Limited, Hindalco Industries Ltd, Kaiser Aluminum, Norsk Hydro ASA, Rio Tinto, RusAL, Toray Advanced Composites, and UACJ Corporation. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

High Strength Aluminum Alloys Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Strength Aluminum Alloys Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. High Strength Aluminum Alloys Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. High Strength Aluminum Alloys Market - Supply Chain
  4.5. Global High Strength Aluminum Alloys Market Forecast
     4.5.1. High Strength Aluminum Alloys Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. High Strength Aluminum Alloys Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. High Strength Aluminum Alloys Market Absolute $ Opportunity
5. Global High Strength Aluminum Alloys Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. High Strength Aluminum Alloys Market Size and Volume Forecast by End Users
     5.3.1. Aerospace & Defense
     5.3.2. Automotive & Transportation
     5.3.3. Marine
     5.3.4. Others 
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global High Strength Aluminum Alloys Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. High Strength Aluminum Alloys Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global High Strength Aluminum Alloys Demand Share Forecast, 2019-2026
7. North America High Strength Aluminum Alloys Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America High Strength Aluminum Alloys Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America High Strength Aluminum Alloys Market Size and Volume Forecast by End Users
     7.4.1. Aerospace & Defense
     7.4.2. Automotive & Transportation
     7.4.3. Marine
     7.4.4. Others 
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America High Strength Aluminum Alloys Demand Share Forecast, 2019-2026
8. Latin America High Strength Aluminum Alloys Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America High Strength Aluminum Alloys Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America High Strength Aluminum Alloys Market Size and Volume Forecast by End Users
     8.4.1. Aerospace & Defense
     8.4.2. Automotive & Transportation
     8.4.3. Marine
     8.4.4. Others 
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America High Strength Aluminum Alloys Demand Share Forecast, 2019-2026
9. Europe High Strength Aluminum Alloys Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe High Strength Aluminum Alloys Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe High Strength Aluminum Alloys Market Size and Volume Forecast by End Users
     9.4.1. Aerospace & Defense
     9.4.2. Automotive & Transportation
     9.4.3. Marine
     9.4.4. Others 
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe High Strength Aluminum Alloys Demand Share Forecast, 2019-2026
10. Asia Pacific High Strength Aluminum Alloys Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific High Strength Aluminum Alloys Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific High Strength Aluminum Alloys Market Size and Volume Forecast by End Users
     10.4.1. Aerospace & Defense
     10.4.2. Automotive & Transportation
     10.4.3. Marine
     10.4.4. Others 
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific High Strength Aluminum Alloys Demand Share Forecast, 2019-2026
11. Middle East & Africa High Strength Aluminum Alloys Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa High Strength Aluminum Alloys Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa High Strength Aluminum Alloys Market Size and Volume Forecast by End Users
     11.4.1. Aerospace & Defense
     11.4.2. Automotive & Transportation
     11.4.3. Marine
     11.4.4. Others 
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa High Strength Aluminum Alloys Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global High Strength Aluminum Alloys Market: Market Share Analysis
  12.2. High Strength Aluminum Alloys Distributors and Customers
  12.3. High Strength Aluminum Alloys Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Alcoa Corporation
     12.4.2. Aluminium Bahrain B.S.C (Alba)
     12.4.3. AMG ADVANCED METALLURGICAL GROUP N.V
     12.4.4. Century Aluminum Company
     12.4.5. China Hongqiao Group Limited
     12.4.6. Hindalco Industries Ltd
     12.4.7. Kaiser Aluminum

By Alloy Types

  • Cast
  • Wrought

By Strength

  • High-Strength
  • Ultra-High Strength  

By End-users

  • Aerospace & Defense
  • Automotive & Transportation
  • Marine
  • Others 

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • Alcoa Corporation
  • Aluminium Bahrain B.S.C (Alba)
  • AMG ADVANCED METALLURGICAL GROUP N.V
  • Century Aluminum Company
  • China Hongqiao Group Limited
  • Hindalco Industries Ltd
  • Kaiser Aluminum
  • Norsk Hydro ASA
  • Rio Tinto
  • RusAL
  • Toray Advanced Composites
  • UACJ Corporation

Key players in the global high strength aluminum alloys market include Alcoa Corporation, Aluminium Bahrain B.S.C (Alba), AMG ADVANCED METALLURGICAL GROUP N.V, Century Aluminum Company, China Hongqiao Group Limited, Hindalco Industries Ltd, Kaiser Aluminum, Norsk Hydro ASA, Rio Tinto, RusAL, Toray Advanced Composites, and UACJ Corporation. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

High Strength Aluminum Alloys Market by key players

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