HOME Top Market Reports High Strength Aluminum Alloys Market by End-use industry Type (Automotive & transportation, Aerospace & defense, Marine), Alloy Type (Cast, and Wrought), Strength Type (High, and ultra-high strength), and Region - Global Forecast to 2023

High Strength Aluminum Alloys Market by End-use industry Type (Automotive & transportation, Aerospace & defense, Marine), Alloy Type (Cast, and Wrought), Strength Type (High, and ultra-high strength), and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: April 2018
Report Code: MM 6209

 

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[123 Pages Report] The global high strength aluminum alloys market was valued at USD 35.26 Billion in 2017, and is projected to reach USD 55.24 Billion by 2023, growing at a CAGR of 7.8% between 2018 and 2023. Following are the years considered for the study.

  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2023
  • Forecast Period – 2018-2023

2017 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the years prior to it have been considered.

Objectives of the Study

  • To define, describe, and project the high strength aluminum alloys market by end-use industry, alloy type, strength, and region
  • To analyze the high strength aluminum alloy market size, in terms of volume (kiloton) and value (USD million)
  • To analyze the market segmentation and to project the high strength aluminum alloys market, by end-use industry, alloy type, strength, resin, and by region, namely, APAC, Europe, North America, ME&A, and Latin America and to analyze the significant region-specific trends
  • To provide detailed information regarding the key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the market with respect to individual growth trends, prospects, and contribution of submarkets to the overall market
  • To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
  • To analyze recent market developments and competitive strategies, such as agreements, collaborations, joint ventures, mergers & acquisitions, and new product developments, to draw the competitive landscape

Different secondary sources such as company websites, encyclopedias, directories, Associations (Aluminum Insider, World Aluminum, and European Aluminum)  and inhouse-databases have been used to identify and collect information that is useful for this extensive commercial study of the global high strength aluminum alloys market. The primary sources, which include experts from related industries, have been interviewed to verify and collect critical information as well as to assess the future prospects of the market. The top-down approach has been implemented to validate the market size, in terms of value and volume. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.

High Strength Aluminum Alloys Market

To know about the assumptions considered for the study, download the pdf brochure

The market for high strength aluminum alloys has a diversified and established ecosystem of its upstream players such as the raw material suppliers, and the downstream stakeholders such as manufacturers, vendors, end-users, and government organizations. Most of the major players in the market for high strength aluminum alloys have done backward and forward integration to strengthen their position in the prevailing market. Some of the major raw material suppliers as well as manufacturers are Toray Industries Inc. (Japan), Teijin Limited (Japan), and Mitsubishi Rayon Co. Ltd. (Japan).

This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing the efforts and investments. These stakeholders include the carbon fiber manufacturers such as the Rio Tinto PLC (UK), Aluminum Bahrain B.S.C (Bahrain), Norsk Hydro ASA (Norway), and among others.

Scope of the Report:

This research report categorizes the market for high strength aluminum alloys based on end-use industry, alloy type, strength and region.

High Strength Aluminum Alloys Market, On the Basis of End-use Industry Type

  • Aerospace & Defense
  • Automotive & Transportation
  • Automotive
  • Marine
  • Others (sporting goods, construction, machinery and equipments)

High Strength Aluminum Alloys Market, On the Basis of Alloy Type

  • Wrought
  • Cast

High Strength Aluminum Alloys Market, On the Basis of Strength

  • High-Strength
  • Ultra-High-Strength

High Strength Aluminum Alloys Market, On the Basis of Region

  • North America
  • Europe
  • APAC
  • Middle East & Africa
  • South America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American high strength aluminum alloys market
  • Further breakdown of the European high strength aluminum alloy market
  • Further breakdown of the APAC high strength aluminum alloys market
  • Further breakdown of the ME&A high strength aluminum alloy market
  • Further breakdown of the South American high strength aluminum alloys market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Significant Opportunities in the High Strength Aluminum Alloys Market
    4.2 High Strength Aluminum Alloy Market, By Alloy Type
    4.3 High Strength Aluminum Alloys Market, By Strength Type
    4.4 High Strength Aluminum Alloy Market, By End-Use Industry and Region
    4.5 High Strength Aluminum Alloys Market, By Country

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Stringent Regulations for Fuel Efficiency and Emission Reduction
                    5.2.1.2 Growing Luxury Car Segment
                    5.2.1.3 Recyclability
           5.2.2 Restraints
                    5.2.2.1 High Production Cost
                    5.2.2.2 Availability of Substitutes
           5.2.3 Opportunities
                    5.2.3.1 Growing Electric Vehicle Market
           5.2.4 Challenges
                    5.2.4.1 Engineering Advancement
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends (Page No. - 39)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Trends of Aerospace Industry
    6.4 Trends of Automotive Industry

7 High Strength Aluminum Alloys Market, By Alloy Type (Page No. - 44)
    7.1 Introduction
    7.2 Wrought Alloys
    7.3 Cast Alloys

8 High Strength Aluminum Alloys Market, By Strength Type (Page No. - 48)
    8.1 Introduction
    8.2 High Strength Aluminum Alloys
    8.3 Ultra-High Strength Aluminum Alloys

9 High Strength Aluminum Alloys Market, By End-Use Industry (Page No. - 52)
    9.1 Introduction
    9.2 Automotive & Transportation
    9.3 Aerospace & Defense
    9.4 Marine
    9.5 Others

10 High Strength Aluminum Alloys Market, By Region (Page No. - 62)
     10.1 Introduction
     10.2 North America
             10.2.1 By End-Use Industry
             10.2.2 By Alloy Type
             10.2.3 By Strength Type
             10.2.4 By Country
                        10.2.4.1 US
                        10.2.4.2 Canada
                        10.2.4.3 Mexico
     10.3 Europe
             10.3.1 By End-Use Industry
             10.3.2 By Alloy Type
             10.3.3 By Strength Type
             10.3.4 By Country
                        10.3.4.1 Germany
                        10.3.4.2 UK
                        10.3.4.3 France
                        10.3.4.4 Spain
                        10.3.4.5 Italy
                        10.3.4.6 Russia
                        10.3.4.7 Rest of Europe
     10.4 APAC
             10.4.1 By End-Use Industry
             10.4.2 By Alloy Type
             10.4.3 By Strength Type
             10.4.4 By Country
                        10.4.4.1 China
                        10.4.4.2 Japan
                        10.4.4.3 India
                        10.4.4.4 South Korea
                        10.4.4.5 Thailand
                        10.4.4.6 Rest of APAC
     10.5 Middle East & Africa
             10.5.1 By End-Use Industry
             10.5.2 By Alloy Type
             10.5.3 By Strength Type
             10.5.4 By Country
                        10.5.4.1 South Africa
                        10.5.4.2 Egypt
                        10.5.4.3 Rest of the Middle East & Africa
     10.6 South America
             10.6.1 By End-Use Industry
             10.6.2 By Alloy Type
             10.6.3 By Strength Type
             10.6.4 By Country
                        10.6.4.1 Argentina
                        10.6.4.2 Brazil
                        10.6.4.3 Rest of South America

11 Competitive Landscape (Page No. - 87)
     11.1 Introduction
     11.2 Market Ranking
     11.3 Competitive Scenario
             11.3.1 Agreement
             11.3.2 Expansion
             11.3.3 Acquisition
             11.3.4 New Product Launch

12 Company Profiles (Page No. - 92)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
     12.1 RIO Tinto PLC
     12.2 Aluminum Bahrain B.S.C.
     12.3 Alcoa Inc.
     12.4 Hindalco Aluminum Limited
     12.5 United Company (UC) Rusal
     12.6 Norsk Hydro ASA
     12.7 Aluminum Corporation of China Limited
     12.8 Century Aluminum Company
     12.9 China Hongqiao Group Limited
     12.10 Aleris
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies.
     12.11 Other Key Players
             12.11.1 Kaiser Aluminum
             12.11.2 EGA
             12.11.3 Constellium N.V.
             12.11.4 Advanced Metallurgical Group
             12.11.5 UACJ Corporation
             12.11.6 Federal-Mogul Holding Corporation
             12.11.7 Dana Holding Corporation
             12.11.8 Autoneum Holding AG
             12.11.9 Elringklinger AG
             12.11.10 Progress-Werk Oberkirch AG

13 Appendix (Page No. - 117)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (72 Tables)

Table 1 Trends and Forecast of GDP, 2015–2021 (USD Billion)
Table 2 Market of New Airplanes, 2016
Table 3 Automotive Production, 2011–2015 (Million Units)
Table 4 High Strength Aluminum Alloys Market Size, By Alloy Type, 2016–2023 (USD Million)
Table 5 High Strength Aluminum Alloy Market Size, By Alloy Type, 2016–2023 (Kiloton)
Table 6 Wrought Alloys Market Size, By Region, 2016–2023 (USD Million)
Table 7 Wrought Alloys Market Size, By Region, 2016–2023 (Kiloton)
Table 8 Cast Alloys Market Size, By Region, 2016–2023 (USD Million)
Table 9 Cast Alloys Market Size, By Region, 2016–2023 (Kiloton)
Table 10 High Strength Aluminum Alloys Market Size, By Strength Type, 2016–2023 (USD Million)
Table 11 High Strength Aluminum Alloy Market Size, By Strength Type, 2016–2023 (Kiloton)
Table 12 High Strength Aluminum Alloys Market Size, By Region, 2016–2023 (USD Million)
Table 13 High Strength Aluminum Alloy Market Size, By Region, 2016–2023 (Kiloton)
Table 14 Ultra-High Strength Aluminum Alloys Market Size, By Region, 2016–2023 (USD Million)
Table 15 Ultra-High Strength Aluminum Alloy Market Size, By Region, 2016–2023 (Kiloton)
Table 16 High Strength Aluminum Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 17 High Strength Aluminum Alloy Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 18 High Strength Aluminum Alloys Market Size in Automotive & Transportation End-Use Industry, By Region, 2016–2023 (Kiloton)
Table 19 High Strength Aluminum Alloy Market Size in Automotive & Transportation End-Use Industry, By Region, 2016–2023 (USD Million)
Table 20 High Strength Aluminum Alloys Market Size in Aerospace & Defense End-Use Industry, By Region, 2016–2023 (Kiloton)
Table 21 High Strength Aluminum Alloy Market Size in Aerospace & Defense End-Use Industry, By Region, 2016–2023 (USD Million)
Table 22 High Strength Aluminum Alloys Market Size in Marine End-Use Industry, By Region, 2016–2023 (Kiloton)
Table 23 High Strength Aluminum Alloy Market Size in Marine End-Use Industry, By Region, 2016–2023 (USD Million)
Table 24 High Strength Aluminum Alloys Market Size in Other End-Use Industries, By Region, 2016–2023 (Kiloton)
Table 25 High Strength Aluminum Alloy Market Size in Other End-Use Industries, By Region, 2016–2023 (USD Million)
Table 26 High Strength Aluminum Alloys Market Size, By Region, 2016–2023 (Kiloton)
Table 27 High Strength Aluminum Alloy Market Size, By Region, 2016–2023 (USD Million)
Table 28 North America: High Strength Aluminum Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 29 North America: Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 30 North America: Market Size, By Alloy Type, 2016–2023 (Kiloton)
Table 31 North America: Market Size, By Alloy Type, 2016–2023 (USD Million)
Table 32 North America: Market Size, By Strength Type, 2016–2023 (Kiloton)
Table 33 North America: Market Size, By Strength Type, 2016–2023 (USD Million)
Table 34 North America: Market Size, By Country, 2016–2023 (Kiloton)
Table 35 North America: Market Size, By Country, 2016–2023 (USD Million)
Table 36 Europe: By Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 37 Europe: Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 38 Europe: Market Size, By Alloy Type, 2016–2023 (Kiloton)
Table 39 Europe: Market Size, By Alloy Type, 2016–2023 (USD Million)
Table 40 Europe: Market Size, By Strength Type, 2016–2023 (Kiloton)
Table 41 Europe: Market Size, By Strength Type, 2016–2023 (USD Million)
Table 42 Europe: Market Size, By Country, 2016–2023 (Kiloton)
Table 43 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 44 APAC: By Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 45 APAC: Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 46 APAC: Market Size, By Alloy Type, 2016–2023 (Kiloton)
Table 47 APAC: Market Size, By Alloy Type, 2016–2023 (USD Million)
Table 48 APAC: Market Size, By Strength Type, 2016–2023 (Kiloton)
Table 49 APAC: Market Size, By Strength Type, 2016–2023 (USD Million)
Table 50 APAC: Market Size, By Country, 2016–2023 (Kiloton)
Table 51 APAC: Market Size, By Country, 2016–2023 (USD Million)
Table 52 Middle East & Africa: By Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 53 Middle East & Africa: High Strength Aluminum Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 54 Middle East & Africa: High Strength Aluminum Alloys Market Size, By Alloy Type, 2016–2023 (Kiloton)
Table 55 Middle East & Africa: High Strength Aluminum Alloys  Market Size, By Alloy Type, 2016–2023 (USD Million)
Table 56 Middle East & Africa: High Strength Aluminum Alloys Market Size, By Strength Type, 2016–2023 (Kiloton)
Table 57 Middle East & Africa: Market Size, By Strength Type, 2016–2023 (USD Million)
Table 58 Middle East & Africa: Market Size, By Country, 2016–2023 (Kiloton)
Table 59 Middle East & Africa: Market Size, By Country, 2016–2023 (USD Million)
Table 60 South America: By Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 61 South America: Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 62 South America: Market Size, By Alloy Type, 2016–2023 (Kiloton)
Table 63 South America: Market Size, By Alloy Type, 2016–2023 (USD Million)
Table 64 South America: Market Size, By Strength Type, 2016–2023 (Kiloton)
Table 65 South America: Market Size, By Strength Type, 2016–2023 (USD Million)
Table 66 South America: Market Size, By Country, 2016–2023 (Kiloton)
Table 67 South America: Market Size, By Country, 2016–2023 (USD Million)
Table 68 Market Ranking of Key Players, 2017
Table 69 Agreement, 2013–2018
Table 70 Expansion, 2013–2018
Table 71 Acquisition, 2013–2018
Table 72 New Product Launch, 2013–2018


List of Figures (48 Figures)

Figure 1 High Strength Aluminum Alloys Market Segmentation
Figure 2 High Strength Aluminum Alloy Market: Research Design
Figure 3 High Strength Aluminum Alloys Market: Data Triangulation
Figure 4 Wrought Alloys to Lead the High Strength Aluminum Alloy Market
Figure 5 High Strength Aluminum Alloys to Dominate the Market
Figure 6 Automotive & Transportation End-Use Industry to Dominate the High Strength Aluminum Alloys Market
Figure 7 Europe to Register the Highest CAGR in the High Strength Aluminum Alloy Market
Figure 8 High Demand From the Automotive & Transportation End-Use Industry to Drive the Market
Figure 9 Wrought Alloys to Dominate the High Strength Aluminum Alloys Market
Figure 10 High Strength Aluminum Alloy Segment to Register the Highest CAGR
Figure 11 Automotive & Transportation End-Use Industry Dominated the High Strength Aluminum Market in 2017
Figure 12 France to Register the Highest CAGR Between 2018 and 2023
Figure 13 Overview of Factors Governing the High Strength Aluminum Alloys Market
Figure 14 High Strength Aluminum Alloy Market: Porter’s Five Forces Analysis
Figure 15 Trends and Forecast of GDP in 2016
Figure 16 New Airplanes Deliveries, By Region, 2016
Figure 17 Automotive Production in Key Countries, 2015 vs 2016 (Million Units)
Figure 18 Wrought Alloys to Lead the High Strength Aluminum Alloys Market
Figure 19 High Strength Aluminum Alloys Segment to Dominate the Market
Figure 20 Automotive & Transportation End-Use Industry to Dominate the Market
Figure 21 APAC to Lead the Market in the Automotive & Transportation End-Use Industry
Figure 22 North America to Lead the High Strength Aluminum Alloy Market in the Aerospace & Defense End-Use Industry
Figure 23 APAC to Lead the Market in the Marine End-Use Industry
Figure 24 APAC to Lead the High Strength Aluminum Alloy Market in Other End-Use Industries
Figure 25 Regional Market Snapshot: China to Register the Highest CAGR
Figure 26 North America: By Market Snapshot
Figure 27 Europe: High Strength Aluminum Alloy Market Snapshot
Figure 28 APAC: By Market Snapshot
Figure 29 South Africa to Be the Largest High Strength Aluminum Alloy Market
Figure 30 Brazil to Dominate the High Strength Aluminum Alloys Market
Figure 31 Companies Majorly Adopted the Strategy of Agreement Between 2013 and 2018
Figure 32 RIO Tinto PLC: Company Snapshot
Figure 33 RIO Tinto PLC: SWOT Analysis
Figure 34 Aluminum Bahrain B.S.C.: Company Snapshot
Figure 35 Aluminum Bahrain B.S.C.: SWOT Analysis
Figure 36 Alcoa Inc.: Company Snapshot
Figure 37 Alcoa Inc.: SWOT Analysis
Figure 38 Hindalco Aluminum Limited: Company Snapshot
Figure 39 Hindalco Aluminum Limited: SWOT Analysis
Figure 40 UC Rusal: Company Snapshot
Figure 41 United Company Rusal: SWOT Analysis
Figure 42 Norsk Hydro ASA: Company Snapshot
Figure 43 Norsk Hydro ASA: SWOT Analysis
Figure 44 Aluminum Corporation of China Limited: Company Snapshot
Figure 45 Aluminum Corporation of China Limited: SWOT Analysis
Figure 46 Century Aluminum Company: Company Snapshot
Figure 47 China Hongqiao Group: Company Snapshot
Figure 48 Aleris: Company Snapshot

The global market for high strength aluminum alloys, in terms of value in 2018 was 37.94 Billion and is projected to reach USD 55.24 Billion by 2023, at a CAGR of 7.8% between 2018 and 2023. In terms of volume, global market for high strength aluminum alloys is projected to reach 11,477.9 kilotons by 2023, at a CAGR of 5.6% during the same period. The increasing stringent regulations for fuel efficiency and emission and growing use of high strength aluminum alloy in luxury car segment are key factors for the growth of the global market for high strength steel aluminum alloys.

In terms of strength, high strength aluminum alloy market is segmented into high-strength aluminum alloys and ultra-high-strength aluminum alloys. High strength aluminum alloys represent aluminum alloys that have ultimate tensile strength above 300 MPa and Ultra-high strength aluminum alloys represents alloys with ultimate tensile strength above 400 MPa. The demand for High strength aluminum is mainly driven by automotive and transportation industry. Ultra-high strength aluminum majorly dominate in the aerospace and defense industry.

High strength aluminum alloys are extensively used in automotive & transportation, aerospace & defense, marine, and other end-use industries. The high strength aluminum alloy market in the automotive & transportation industry is expected to grow at the fastest rate due to high penetration of aluminum in the industry and rapidly growing automotive market in APAC. The demand for ultra-high strength aluminum in the aerospace industry is driving the market for aerospace and defense segment. High strength aluminum alloys has been used in the automotive & transportation industry in many application like wheel rims, engine components, pistons, powertrain, front & rear longitudinal frame, and many more.

APAC is the largest high strength aluminum alloys market, while Europe is the fastest-growing market for high strength aluminum alloys because of its increasing use in the automotive end-use industry. The growth of the high strength aluminum alloys market in APAC is mainly driven by growing demand for products with high tensile strength, corrosion resistance, low maintenance, recyclability and long shelf life in different end-use industries.

High Strength Aluminum Alloys Market

The market for high strength aluminum alloys is rapidly gaining importance. However, few factors act as a bottleneck towards its growth in the global high strength aluminum alloys market. High production cost and availability of high strength composite material are the major restraints toward the growth of the high strength aluminum alloy market.

The companies such as Rio Tinto PLC (UK), Aluminium Bahrain B.S.C. (Bahrain), Norsk Hydro ASA (Japan), Hindalco Industries Limited (India), Alcoa Inc. (US) are the dominant market players in the global high strength aluminum alloys market. They have been adopting various organic and inorganic growth strategies such as agreements, joint ventures & collaborations, expansions, mergers & acquisitions, and new product launches & technology developments to enhance the current market scenario of the high strength aluminum alloys market.

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