Aluminum Core Alloys Market Revenue, Major Players, Consumption Trends, Analysis and Forecast Till 2028


Reports and data

Global Aluminum Core Alloys Market Expected To Reach $ 260.7 Million By 2028

NEW YORK, NY, USA, Sep 17, 2021 /EINPresswire.com/ – Reports and Data added a new survey report on the Global Aluminum Core Alloys Market that offers insightful data on the dynamics of the market such as drivers and restraints, growth opportunities and prospects, current and historical data, segments and sub-segments, and recent technological advancements in the market. The report provides market estimates such as market size, market share, revenue growth, and CAGR, along with market analysis for the forecast period 2021-2028. The report also offers a comprehensive analysis of the competitive landscape with company profiles and product portfolios. To better understand the global market, the report offers statistical analysis of the global and local production and consumption ratio.

Certain traits associated with this type of master alloy have resulted in its expansion in the market. The combination of characteristics such as corrosion resistance, lightness, makes it applicable in various industries such as building and construction industry and automotive industry. The presence of these traits in the aluminum-based master alloy has not only driven its various applications, but also contributed to the market growth of the sector. In addition, in this type of master alloy, there is a low melting loss and less energy consumption. The presence of these characteristics in the main aluminum-based alloy results in increased preference among manufacturers as well as buyers, which is driving the growth of the market.

In addition to the above mentioned advantages associated with the main aluminum-based alloys, its compatibility with different base materials has also resulted in its increased preference over other alternatives. The presence of this trait has a positive impact on the growth rate of the industry. In recent years, technological advancements in the industry with regard to its smelting process have resulted in the improvement of new smelting techniques such as induction technology. Induction fusion technology is energy efficient and easily manageable compared to other traditional fusion methods. Such technological advances have a positive impact on the sector.

Key companies in the report:
Aida Alloys, Nanjing Yunhai Special Metals, Hebei Sitong New Metal Material, AMG, SLM, Huazhong Aluminum, Jiangxi Hongke Special Alloys, XZ Huasheng, Minex Metallurgical and Xuzhou Huatian Metal Flux.

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The increase in the world’s population has resulted in an increase in the number of construction and construction activities across the world, in turn driving the demand for materials and chemicals. The availability of advanced finishing materials, environmentally friendly raw materials and chemicals, and increasing advancements in the plastics industry have significantly contributed to the revenue growth of the market. The chemicals and materials industry is a crucial part of the global economy and manufactures more than 70,000 products needed by various end-use industries. Consumer products such as soaps, detergents and cosmetics, as well as electronic gadgets, automobiles, and paints and cosmetics, among others, are in high demand around the world and are mainly dependent on various types of chemicals and chemicals. materials. International companies are actively engaged in the development of sustainable products to reduce carbon emissions and pollution and ensure safe facility operations. These key factors have significantly contributed to the market revenue growth and are expected to continue to do so in the future.

For the purpose of this report, reports and data have segmented the global Aluminum Core Alloys market on the basis of product type, raw materials, technology, sales channel, application areas, end users and the region:

Product Type Outlook (Volume, Kilo Tons; Revenue, Million USD; 2016-2026)

Cereal refiners

Hardeners

Modifiers

Beryllium-Aluminum

Raw Materials Type Outlook (Volume, Kilo Tons; Turnover, Million USD; 2016-2026)

Aluminum

Titanium

Magnesium

Beryllium

Others

Technology Type Outlook (Volume, Kilotons; Revenue, USD Million; 2016-2026)

Induction

Reverb fusion

Sales Channel Type Outlook (Volume, Kilo Tons; Revenue, Million USD; 2016-2026)

Direct sales

Sales distribution

Fields of application Type Outlook (Volume, Kilo Tons; Turnover, Million USD; 2016-2026)

Adjusting the composition

Management of crystal structure

Simplification of the manufacturing technique

End User Outlook (Volume, Kilotons; Revenue, USD Million; 2016-2026)

Automobile industry

Building and construction industry

Packaging industry

Energy sector

Others

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Key companies focus on mergers and acquisitions, joint ventures, collaborations, partnerships, product launches, brand promotions and R&D activities, among others, to meet growing global demand and establish a strong foothold on the market. The report also analyzes the presence of key companies, their businesses, and investment and financing opportunities in key regions of the world including North America, Europe, Asia-Pacific, Latin America. , the Middle East and Africa.

The study covers critical information and factual data about the Aluminum Core Alloy industry along with in-depth statistical analysis of market drivers, limitations, growth prospects, opportunities, and threats. The report also covers SWOT analysis and Porter’s five forces analysis to offer a better understanding of the competitive landscape of the global Aluminum Core Alloys market.

Other key findings from the report suggest
The primary aluminum alloys market held a market share of USD 127.7 million in 2018. It is expected to grow at a rate of 7.4% during the forecast period.

In the type of product, it can be observed that hardeners dominate the market. In 2018, the segment generated the highest revenue of $ 53.64 million. It is expected to observe a stable growth rate of 7.4% during the forecast period. The fact that this type of master alloy is generally used to strengthen an alloy has contributed to its generated income.

Regarding raw materials, aluminum holds the largest market share which generated USD 97.1 million in 2018 with a growth rate of 7.5% during the forecast period. As this type of alloy is mainly used in the automotive industry which requires the component to be light and corrosion resistant, the result is an optimized use of the element in this type of alloy.

In the technology used in the smelting process of the main aluminum-based alloy, the induction segment is expected to observe the highest growth rate of 8.1% during the forecast period. It is expected to occupy 37% of the market by 2028. Factors such as energy efficiency and a limited complication in its management would contribute to its growth rate.

Regarding the management of crystal applications, the structures segment can be considered as the market leader that generated the highest revenue of USD 61.3 million in 2018 with a growth rate of 7, 6% over the forecast period. The fact that the main aluminum-based alloy is mainly used to strengthen the alloy and manage the crystal structure, has resulted in the revenue generated by this segment.

In the context of end-users, the automotive industry dominates the market which occupied 35% of the market in 2018. The segment is expected to have a growth rate of 7.7% during the forecast period. Advantages such as lightness, corrosion resistance and fuel efficiency are achieved in automobiles due to the application of this type of main alloy, resulting in its wide application and market dominance of this segment. .

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