Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Aluminium Alloys Market to Garner US$ 287 Billion in 2032 - Fact.MR Exclusive Research

This image opens in the lightbox

News provided by

Fact.MR

25 Jan, 2022, 18:25 GMT

Share this article

Share toX

Share this article

Share toX

Wrought Aluminium Alloys to Account for 62.7% of Total Alloy Sales by 2032

Fact.MR's latest study on the global aluminium alloys market provides a detailed analysis of various drivers, trends, and opportunities from 2022 to 2032. In addition, it presents elaborate information about the leading segments in terms of type, casting/operation and region.

NEW YORK, Jan. 25, 2022 /PRNewswire/ -- The global aluminium alloys market is expected to grow at an annual rate of 8.1% from 2022 to 2032, from US$ 131 billion in 2022 to US$ 287 billion in 2032.

According to a market analysis by Fact.MR, a market research and competitive intelligence service, global volume consumption of aluminium alloys increased at a CAGR of roughly 6.5% over the past half-decade. By the end of 2021, global volume use of the metal was estimated to be about 54,360 kilo tonnes.

The transportation industry's use of aluminium alloys and the building and construction industry's use of aluminium alloys have been the two most profitable areas, accounting for the majority of aluminium alloy sales revenue.

For More Valuable Information on Market Dynamics, Request a Report Sample

https://www.factmr.com/connectus/sample?flag=S&rep_id=7085

The market for aluminium alloys in China is enormous. The automobile, building and construction, and consumer electronics industries are the primary consumers of alloyed aluminium. In China, for example, automotive, along with building and construction, accounted for about 55 percent of total aluminium alloy sales in 2021.

In addition, China is a major producer of electric vehicles and a major market for vehicle sales. In China, for example, electric vehicles accounted for roughly 6.2 % car sales in 2021. Further, the trend is expected to improve, which will have a direct impact on the country's alloyed aluminium sales.

The automobile industry is shifting its focus toward the introduction of electric vehicles, which necessitate the widespread usage of aluminium alloys to compensate for the weight of lithium-ion batteries. Furthermore, governments around the world have been seen incentivizing electric vehicles, which has resulted in increased sales, creating a bright outlook for aluminium alloy producers.

"Overcapacity by Chinese smelters is being seen as an area of concern, and thus, governments globally can be seen imposing regulations to protect domestic production," says a Fact.MR analyst.

Attribute

Details


Aluminium Alloys Market Size (2021A)

US$ 121 Bn


Market Forecasted Value (2032F)

US$ 287 Bn


Global Market Growth Rate (2022-2032)

8.1% CAGR


Key Takeaways:

  • Over the forecast period, heat treatable aluminium alloy is expected to generate an absolute $ opportunity worth US$ 91 billion.
  • By casting/operation, sand casting is expected to grow at a higher CAGR of roughly 8.7%.
  • By application, aluminium alloy consumption in the automotive sector is expected to increase by 2.3X by 2032.
  • By 2032, East Asia is expected to account for roughly 71% of the worldwide aluminium alloys market.
  • By 2032, South Asia and Oceania would provide an absolute dollar opportunity worth US$ 9.6 billion.

Growth Drivers:

  • Introduction of electric vehicles has propelled the demand for aluminium-tin alloys and it is expected to spur the aluminium alloy sales.
  • Use of aluminium alloys in transportation industry and building & construction industry to drive the aluminium alloys market growth.

For Critical Insights on Aluminium Alloys Market, Request for Methodology here

https://www.factmr.com/connectus/sample?flag=RM&rep_id=7085

Competitive Landscape

Leading competitors in the aluminium alloys market have gained market share by adopting a vertical integration strategy. This vertically integrated company structure has also helped market players lessen their reliance on alumina suppliers.

Furthermore, focusing on key specialty areas like alloy wheels has enhanced players' revenue generation potential and is expected to be the most profitable segment to invest in.

  • In December 2021, Rusal announced a $12 million investment in the upgrading of its alloy car wheel production in SKAD, Russia. The company intends to broaden its commercial capabilities and target high-growth countries with rising aluminium alloy demand in Germany.
  • In November 2021, BA Brazil stated that it had purchased around 80% of Alux, a secondary alloyed aluminium plant. CBA has invested much in expanding its production capacity and is expected to do so again in the foreseeable future.

Key players in the Aluminium Alloys Market include:

  • Alcoa
  • Aluar
  • Alvance
  • CBA
  • Chalco
  • Hydro
  • Nortan aluminium
  • Press Metal
  • PT Inalum
  • Rheinfelden alloys
  • Rio Tinto
  • Rusal
  • Slovalco
  • Trimet

More Valuable Insights on Aluminium Alloys Market

Fact.MR provides an unbiased analysis of the aluminium alloys market, presenting forecast statistics for the period from (2022-2032). The study divulges compelling insights on the global aluminium alloys market with a detailed segmentation on the basis of:

    • Aluminium Alloys Market by Type:
      • Heat Treatable Aluminium Alloys
        • 2000 Series
        • 4000 Series
        • 6000 Series
        • 7000 Series
        • 8000 Series
      • Non-Heat Treatable Aluminium Alloys
        • 3000 Series
        • 4000 Series
        • 5000 Series
    • Aluminium Alloys Market by Casting / Operation:
      • Sand Casting Aluminium Alloys
      • Investment Casting Aluminium Alloys
      • Permanent Mold Casting Aluminium Alloys
      • Die Casting Aluminium Alloys
      • Others
    • Aluminium Alloys Market by Application:
      • Aluminium Alloys for Packaging
      • Aluminium Alloys for Automotive
      • Aluminium Alloys for Marine
      • Aluminium Alloys for Consumer Durables
      • Aluminium Alloys for Aerospace
      • Aluminium Alloys for Building & Construction

    • Aluminium Alloys Market by Alloy:
      • Cast Aluminium Alloy
      • Wrought Aluminium Alloys
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • MEA

Key Questions Covered in Aluminium Alloys Market Report

  • The report offers insight into the aluminium alloys market demand outlook for 2022-2032.
  • The market study also highlights projected sales growth for aluminium alloys market between 2022 and 2032.
  • Aluminium alloys market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
  • Aluminium alloys market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.

Explore Fact.MR's Coverage on the Chemical & Materials Domain –

High Purity Aluminium Market Trends – High purity aluminium market is expected to grow at a positive rate. Demand growth over this time period can be estimated just by looking at the quantity demanded across industries such as semiconductors, aircraft, automotive, and others.

Aluminum Sheet Market Forecast – A driving force for aluminum sheets is the growing demand for aluminium sheets that can endure extreme operating conditions such as extreme hot or cold. Aluminum sheets are commonly utilised in marine applications due to their outstanding anti-corrosion properties.

Aluminum Castings Market Analysis - The need for lightweight components made of alloys like aluminum is always increasing in developing nations due to rising vehicle manufacturing. Aluminum casting demand is expected to rise until 2029 as a result of increasingly stringent regulatory regulations around the world.

Titanium Alloys Market Scope - The Titanium Alloys market is expected to maintain its original trajectory in the post-COVID-19 period, thanks to rising end-use industries like as aerospace and defense, automobiles, and oil and gas processing.

About Fact.MR

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.

Contact:
Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg

Modal title

Also from this source

Bisabolene Market is Forecasted to Reach US$ 4.6 Million by 2034, Expanding at a CAGR of 3.9% | Fact.MR Report

According to a new research report published by Fact.MR, the global Bisabolene Market was valued at US$ 3 million in 2023 and has been forecasted to...

Hyaluronic Acid Raw Material Market is projected to grow at a CAGR of 5.2%, Reaching a value of $11.7 billion by 2034 | Fact.MR Report

The global Hyaluronic Acid Raw Material Market has been valued at US$ 7.05 billion in 2024, as stated in the recently updated industry analysis by...

More Releases From This Source

Explore

Mining & Metals

Mining & Metals

Mining & Metals

Mining & Metals

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.