Key Companies Covered in the Aluminum Alloy Market Research are Rio Tinto, UACJ Corporation, Alcoa Corporation, ERAMET, RUSAL, Aluminium Bahrain (Alba), Norsk Hydro ASA, Dubai Aluminium Company Ltd., Kobe Steel Ltd., Constellium, Kaiser Aluminum, Aleris International Inc., Magna International Inc., IBC Advanced Alloys Corp, and other key market players.
The Global Aluminum Alloy Market was valued at USD 126.5 billion in 2021 to USD 170.5 billion in 2030, growing at a CAGR of 5.1% during the forecast period (2022 to 2030).
The COVID-19 pandemic, a deadly respiratory disease, has now spread throughout the world. The COVID-19 pandemic has had a significant impact on this market. The United States, China, and Japan and all other countries which have all been hit hard by the pandemic, are expected to dominate the market. COVID-19 had a negative impact on many industries, including automotive and Healthcare and ICT, but they recovered by the end of 2020 and began 2021 with a slight increase in growth rate.
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The rapidly growing automobile and aerospace industries will impact the aluminum alloy market. The growing construction sector, industrial expansion, rapidly developing land and air transportation, and high tensile strength and durability and lightweight compared to steel features are predicted to boost the market growth.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type Wrought Alloys Cast Alloys Others
By Application Construction Aerospace and Defense Machinery Marine Packaging Transportation Electrical Others
By Strength High Strength Ultra-High Strength
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By Region: North America U.S. Canada Mexico Europe UK Germany France Spain Italy Rusia ROE Asia Pacific China India Japan Australia South Korea Rest of Asia South America Brazil Argentina Rest of South America Middle East & Africa UAE Saudi Arabia South Africa Rest of MEA
Furthermore, years considered for the study are as follows:
Historical year 2017, 2020 Base year 2021 Forecast period 2022 to 2030.
Target Audience of the Global Aluminum Alloy Market in Market Study:
Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers Investors
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What aspects regarding the regional analysis Market are included in this report?
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