The global aluminum alloys market size was USD 128.32 Billion in 2022 and is expected to register a rapid revenue CAGR of 6.4% during the forecast period. Rising demand for renewable energy, such as solar and wind energy, and sales of Electric Vehicles (EV), and increasing need for lightweight material with high strength and thermal and electrical conductivity and use of aluminum alloys in aircraft components are key factors driving market revenue growth.
The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Aluminum Alloys market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Aluminum Alloys market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Alcoa Corporation, Norsk Hydro ASA, RusAL, Novelis (Hindalco Industries Limited), Rio Tinto, Shandong Sino Aluminum Co., Ltd., China Hongqiao Group Limited, Emirates Global Aluminum PJSC, South32, Constellium, and Vedanta Aluminum & Power, Hindalco Industries Ltd., Aleris International, Inc., Arconic Corporation, and Kaiser Aluminum
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Emergen Research has segmented the global Aluminum Alloys market on the basis of type, application, end-use, and region:
Segments Covered in this report are:

• Alloy Type Outlook (Revenue, USD Billion; 2019-2032)
  • Wrought Alloy
  • Cast Alloy

• Strength Type Outlook (Revenue, USD Billion; 2019-2032)
  • High Strength
  • Ultra-High Strength

• End-use Outlook (Revenue, USD Billion; 2019-2032)
  • Automotive & Transportation
  • Aerospace & Defense
  • Marine
  • Others

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

• Analysis and estimation of the Aluminum Alloys Market size and share for the projected period of 2022-2030
• Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
• Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Aluminum Alloys Market
• Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
• Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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Latest Published Reports by Emergen Research:

•  Aluminum Alloys Market Size
•  Aluminum Alloys Market Share
•  Aluminum Alloys Market Trends
•  Aluminum Alloys Regional Market Demand
•  Aluminum Alloys Market Analysis
•  Aluminum Alloys Market Top Companies
•  Aluminum Alloys Market News
•  Aluminum Alloys Market Executive Summary

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