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PUBLISHER: Grand View Research | PRODUCT CODE: 1530090
PUBLISHER: Grand View Research | PRODUCT CODE: 1530090
Aluminum Alloys Market Size, Share & Trends Analysis Report By End Use (Transportation, Construction, Packaging, Electrical, Consumer Durables); By Region, And Segment Forecasts, 2024 - 2030
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PAGES: 120 Pages
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Aluminum Alloys Market Growth & Trends:
The global aluminum alloys market is expected to reach USD 340.12 billion by 2030, expanding at a CAGR of 6.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing penetration of aluminum in the automotive industry is projected to benefit the market over the coming years.
For instance, in April 2024, Steel Strips Wheels announced that the company had successfully secured an order for aluminum wheels from one of the passenger car manufacturers in India. The company is expected to supply aluminum wheels along with steel wheels to the manufacturer. The company aims to remain committed to leveraging this opportunity to improve customer satisfaction and its automotive industry footprint.
The use of aluminum in different end use industries is increasing at a rapid pace owing to its advantages and less volatility in prices compared to its counterparts. The advantages of aluminum such as flexibility, formability, strength, durability, and lightweight nature have promoted the usage of aluminum alloys in different applications. Aluminum alloys are excellent materials for recycling and thus have a low carbon footprint compared to numerous materials.
Investment in aluminum casting facilities is anticipated to drive the demand for aluminum alloys over the forecast period. In May 2024, Hydro, a leading player in the aluminum industry announced an investment of USD 85 million for a new casting line for its recycling facility in Kentucky, U.S. This line is expected to start in 2026 with the production of high-quality automotive components. This new aluminum casting production line will have a capacity of 28,000 tons.
Aluminum alloys find applications in doors, windows, ceilings, wall panels, stairs, roof sheets, and many more. Investment in the construction industry along with new residential and commercial projects is anticipated to boost the demand for aluminum products and thus aluminum alloys. For instance, in June 2024, the Government of South Korea announced an investment of USD 19 billion for the construction of semiconductor parks, infrastructure development, and financial support for the semiconductor industry.
Packaging industry is projected to provide new opportunities for market vendors over the long term. For instance, in January 2024, Novelis Inc., a leading player in the aluminum industry value chain announced that the company had secured a new contract from Ardagh Metal Packaging USA Corp. Under this contract, Novelis will supply aluminum sheets for beverage packaging application. This was the third major contract for Novelis in less than seven months in beverage packaging of North America.
Aluminum Alloys Market Report Highlights:
- Based on end use, the automotive & transportation segment dominated the market with a share of over 26% in 2023 and is anticipated to maintain its position over the forecast period. The sluggish but positive movement of real estate in developing countries is expected to benefit the market growth.
- The focus on improving the fuel efficiency of vehicles is projected to play a key role in the expansion of the market. The use of aluminum components in vehicles significantly reduced the weight of vehicles, thus improving fuel efficiency.
- Packaging end use segment is poised to grow at lucrative CAGR from 2024 to 2030. Demand for 3xxx series aluminum alloys for packaging of products such as food, beverages, cosmetics, and medicines is projected to benefit the market growth.
- The market is fragmented in nature, as there are a large number of small and medium companies engaged in the production of aluminum alloys.
Product Code: GVR-4-68040-330-9
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Aluminum Alloys Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.3. Manufacturing & Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Industry Trends
- 3.5.4.1. ESG Analysis
- 3.5.4.2. Trade Trends
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Aluminum Alloys Market: End Use Estimates & Trend Analysis
- 4.1. Aluminum Alloys Market: End Use Movement Analysis, 2023 & 2030
- 4.2. Automotive & Transportation
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3. Building & Construction
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Packaging
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Electrical
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.6. Consumer Durables
- 4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.7. Machinery & Equipment
- 4.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.8. Others
- 4.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Aluminum Alloys Market: Regional Estimates & Trend Analysis
- 5.1. Regional Analysis, 2023 & 2030
- 5.2. North America
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3. U.S.
- 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.4. Canada
- 5.2.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.5. Mexico
- 5.2.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.3. Europe
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3. Germany
- 5.3.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.4. UK
- 5.3.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.5. France
- 5.3.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.6. Spain
- 5.3.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.7. Italy
- 5.3.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.7.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.8. Russia
- 5.3.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.8.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Asia Pacific
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.3. China
- 5.4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.4. India
- 5.4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.5. Japan
- 5.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.6. South Korea
- 5.4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.7. ASEAN
- 5.4.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.7.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Central & South America
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.3. Brazil
- 5.5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Middle East & Africa
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.6.3. GCC
- 5.6.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 5.6.4. South Africa
- 5.6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Kraljic Matrix
- 6.3. Company Categorization
- 6.4. Heat Map Analysis
- 6.5. Vendor Landscape
- 6.5.1. List of Raw Material Suppliers
- 6.5.2. List of Distributors
- 6.5.3. List of Other Prominent Manufacturers
- 6.5.4. List of Prospective End-Users
- 6.6. Strategy Mapping
- 6.7. Company Profiles/Listing
- 6.7.1. Alcoa Corporation
- 6.7.1.1. Company Overview
- 6.7.1.2. Financial Performance
- 6.7.1.3. Product Benchmarking
- 6.7.2. Aluminum Bahrain B.S.C. (Alba)
- 6.7.2.1. Company Overview
- 6.7.2.2. Financial Performance
- 6.7.2.3. Product Benchmarking
- 6.7.3. Aluminum Corporation of China
- 6.7.3.1. Company Overview
- 6.7.3.2. Financial Performance
- 6.7.3.3. Product Benchmarking
- 6.7.4. Hindalco
- 6.7.4.1. Company Overview
- 6.7.4.2. Financial Performance
- 6.7.4.3. Product Benchmarking
- 6.7.5. Hydro
- 6.7.5.1. Company Overview
- 6.7.5.2. Financial Performance
- 6.7.5.3. Product Benchmarking
- 6.7.6. National Aluminum Company limited
- 6.7.6.1. Company Overview
- 6.7.6.2. Financial Performance
- 6.7.6.3. Product Benchmarking
- 6.7.7. Novelis
- 6.7.7.1. Company Overview
- 6.7.7.2. Financial Performance
- 6.7.7.3. Product Benchmarking
- 6.7.8. Press Metal
- 6.7.8.1. Company Overview
- 6.7.8.2. Financial Performance
- 6.7.8.3. Product Benchmarking
- 6.7.9. RusAL
- 6.7.9.1. Company Overview
- 6.7.9.2. Financial Performance
- 6.7.9.3. Product Benchmarking
- 6.7.10. UAJC Corporation
- 6.7.10.1. Company Overview
- 6.7.10.2. Financial Performance
- 6.7.10.3. Product Benchmarking
- 6.7.1. Alcoa Corporation
Product Code: GVR-4-68040-330-9
List of Tables
- Table 1 Aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 2 Aluminum alloys market estimates and forecasts, in automotive & transportation, 2018 - 2030 (USD Million) (Kilotons)
- Table 3 Aluminum alloys market estimates and forecasts, in construction, 2018 - 2030 (USD Million) (Kilotons)
- Table 4 Aluminum alloys market estimates and forecasts, in packaging, 2018 - 2030 (USD Million) (Kilotons)
- Table 5 Aluminum alloys market estimates and forecasts, in electrical, 2018 - 2030 (USD Million) (Kilotons)
- Table 6 Aluminum alloys market estimates and forecasts, in consumer durables, 2018 - 2030 (USD Million) (Kilotons)
- Table 7 Aluminum alloys market estimates and forecasts, in machinery & equipment, 2018 - 2030 (USD Million) (Kilotons)
- Table 8 Aluminum alloys market estimates and forecasts, in other applications, 2018 - 2030 (USD Million) (Kilotons)
- Table 9 North America aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 10 North America aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 11 North America aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 12 U.S. aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 13 U.S. aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 14 U.S. aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 15 Canada aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 16 Canada aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 17 Canada aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 18 Mexico aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 19 Mexico aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 20 Mexico aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 21 Europe aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 22 Europe aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 23 Europe aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 24 Germany aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 25 Germany aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 26 Germany aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 27 UK aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 28 UK aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 29 UK aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 30 France aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 31 France aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 32 France aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 33 Spain aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 34 Spain aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 35 Spain aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 36 Russia aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 37 Russia aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 38 Russia aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 39 Italy aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 40 Italy aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 41 Italy aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 42 Asia Pacific aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 43 Asia Pacific aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 44 Asia Pacific aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 45 China aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 46 China aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 47 China aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 48 India aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 49 India aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 50 India aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 51 Japan aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 52 Japan aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 53 Japan aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 54 Central & South America aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 55 South Korea aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 56 South Korea aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 57 South Korea aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 58 ASEAN aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 59 ASEAN aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 60 ASEAN aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 61 Central & South America aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 62 Central & South America aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 63 Brazil aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 64 Brazil aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 65 Brazil aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 66 Middle East aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 67 Middle East & Africa aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 68 Middle East & Africa aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 69 GCC aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 70 GCC aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 71 GCC aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 72 South Africa aluminum alloys market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 73 South Africa aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 74 South Africa aluminum alloys market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Market snapshot
- Fig. 7 Segmental outlook -End Use
- Fig. 8 Competitive Outlook
- Fig. 9 Aluminum alloys market outlook, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 10 Value chain analysis
- Fig. 11 Market dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Aluminum alloys market, by end use: Key takeaways
- Fig. 15 Aluminum alloys market, by end use: Market share, 2023 & 2030
- Fig. 16 Aluminum alloys market: Regional analysis, 2023
- Fig. 17 Aluminum alloys market, by region: Key takeaways
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