PUBLISHER: The Business Research Company | PRODUCT CODE: 1650347
PUBLISHER: The Business Research Company | PRODUCT CODE: 1650347
High strength aluminium alloys refer to alloys having high strength aluminium as the predominant metals that are alloyed with copper, magnesium, manganese, and other metals. High-strength aluminium alloys are capable of creating complex extrusions and have applications in cushioning and weight reduction.
Wrought and cast alloys are the two main types of high strength aluminium alloys. Wrought alloys are manufactured by working the alloy in solid form with the help of specific tools. It is produced by smelting pure aluminium ingots with the specific alloying elements required to make a given grade of aluminum. The high-strength aluminium alloys segments by strengths include high-strength and ultra-high strength, which are used for applications in aerospace, defence and space, automotive, railway, marine and other applications.
The high strength aluminium alloys market research report is one of a series of new reports from The Business Research Company that provides high strength aluminium alloys market statistics, including high strength aluminium alloys industry global market size, regional shares, competitors with high strength aluminium alloys market share, detailed high strength aluminium alloys market segments, high strength aluminium alloys market trends and opportunities, and any further data you may need to thrive in the high strength aluminium alloys industry. This high-strength aluminium alloys market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The high strength aluminum alloys market size has grown strongly in recent years. It will grow from $41.79 billion in 2024 to $44.13 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to increased demand for lightweight materials inThe automotive and aerospace industries, increasing demand for fuel-efficient vehicles, rising demand for aluminum inThe construction industry, military applications, growth of The marine industry.
The high strength aluminum alloys market size is expected to see strong growth in the next few years. It will grow to $56.75 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growth in consumer electronics manufacturing, growing demand for electric vehicles, growing demand for aluminum in the packaging industry, growth in renewable energy projects, space exploration initiatives. Major trends in the forecast period include advancements in additive manufacturing, nanostructured aluminum alloys, recycling and sustainable practices, collaboration for material development, hybrid aluminum composites.
Increasing demand for lightweight automobiles and aircraft is driving the growth of the high-strength aluminium alloys market. The use of aluminium alloys decreases the weight of an aircraft greatly as it is quite lighter than steel, allowing aircraft to either carry more weight or increase fuel efficiency. For instance, a 20% weight reduction in a Boeing 787 is expected to generate a 10-12% improvement in fuel efficiency. In addition to a decrease in carbon footprint, lightweight parts also improve operational efficiency with such things as better acceleration, higher structural strength, and better protection performance. Therefore, the increasing demand for lightweight automobiles and aircraft drives the high-strength aluminum alloys market.
Increasing construction industry demand is expected to propel the growth of the high-strength aluminum alloys market in the coming years. The construction industry includes the organizing, expansion, design, building, and maintenance of structures and infrastructure. High-strength aluminum alloys have characteristics that include corrosion-resistant longevity, lightweight nature, and recycling capacity, making them appropriate for a wide range of building applications such as building projects when weight reduction, lifespan, and durability against environmental factors are required. For instance, in October 2023, according to the US Census Bureau, a US-based primary body in the United States Federal Data System responsible for producing financial and demographic information, construction expenditure is expected to increase 7. 4 percent (1. 8 percent) to $1,983. 5 billion in August 2023, compared to $1,847. 3 billion in August 2022. Therefore, the increasing construction industry demand is driving the high-strength aluminum alloys market.
Major companies in the high-strength aluminum alloys sector are concentrating on developing innovative products to improve performance and reduce weight across various applications, including aerospace, automotive, and defense. Additionally, they are working on enhancing corrosion resistance and manufacturability. High-strength aluminum alloys are highly regarded for their exceptional strength, thermal stability, and excellent processing capabilities, making them particularly suitable for aircraft structural components and engine parts. For example, in July 2024, Xi'an Bright Laser Technologies Co., Ltd (BLT), a China-based manufacturer specializing in metal additive manufacturing, introduced two innovative materials for additive manufacturing: BLT-AlAM500, a high-strength aluminum alloy, and BLT-Ti65, a high-temperature titanium alloy. These materials are specifically designed to improve the capabilities of 3D printing, especially in the aerospace sector and other demanding industries.
Major companies operating in the high-strength aluminum alloys market are focusing on developing high-strength aluminum alloys without using heat. The development of high-strength aluminum alloy without heat refers to creating aluminum alloys with enhanced mechanical properties without the need for extensive heat treatment processes. For instance, in May 2023, Elementum 3D Inc., a US-based manufacturing company of metal alloy additives and materials, launched a new high-strength aluminum alloy called A5083-RAM5 that eliminates the need for heat treatment. This innovative alloy enables manufacturers to print complex components from a high-strength aluminum alloy with decreased lead times and prices. The A5083-RAM5 material is intended for laser powder bed fusion (LPBF) and avoids the requirement for post-processing heat treatment, which is generally necessary for aluminum alloys to obtain high strength.
In August 2023, Kaiser Aluminum, a US-based producer of fabricated aluminum products, acquired Alcoa's rolling mill for an undisclosed amount. This acquisition is anticipated to enhance Kaiser's capabilities in the aerospace sector and improve their production efficiency. Alcoa Corporation is a US-based company specializing in the production of high-strength aluminum alloys.
Major companies operating in the high strength aluminum alloys market include Rio Tinto plc, Aluminum Bahrain BSC, Norsk Hydro ASA, Hindalco Industries Limited, Alcoa Inc., United Company Rusal, Aluminum Corporation of China Limited, Century Aluminum Company, China Hongquiao Group Limited., Constellium SE, Advanced Materials Technology GmbH, Kobe Steel Ltd., Kaiser Aluminum Corporation, Nippon Light Metal Holdings Company Ltd., United Aluminum Corporation, UACJ Corporation, VSMPO-AVISMA Corporation, Alnan Aluminium lnc., Aluminium Corporation of America, Aluminium Products Company (ALUPCO), Arconic Corporation, China Zhongwang Holdings Limited, Chongqing Southwest Aluminum Industry Co. Ltd., Constellium N. V., Furukawa-Sky Aluminum Corp., Hydro Extrusion North America LLC, JW Aluminum Company, Novelis Inc.
Asia-Pacific was the largest region in the high strength aluminium alloys market in 2024. The regions covered in the high strength aluminum alloys market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the high strength aluminum alloys market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The high strength aluminium alloys market consists of sales of alnico and duralumin. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
High Strength Aluminum Alloys Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on high strength aluminum alloys market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for high strength aluminum alloys ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The high strength aluminum alloys market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.