It is estimated that the global aluminum alloy market will be driven by increasing demand from the transportation industry. Aluminum alloys are mainly used in the transportation industry due to their properties such as corrosion resistance, light weight, recyclability, high strength, heat and electrical conductivity. The production of aluminum alloys is dependent mainly on the availability of Aluminum as well as other alloying elements such as tin, copper, zinc, and magnesium. Fluctuating prices for these raw materials can dampen market growth. The main challenges for the aluminum alloy market include rising energy costs and environmental pollution. The production of Aluminum requires a large amount of energy and releases substances dangerous for the environment. To overcome these challenges, new technologies must be developed for production to reduce energy consumption, and the necessary measures must be taken to protect the environment.
A full report of Aluminum Alloys Market available at https://www.orionmarketreports.com/alcohol-packaging-market/10328/
Aluminum Alloys Market: Segmentation
By End-Use
• Construction
• Aerospace and Defense
• Machinery
• Marine
• Packaging
• Transportation
• Electrical
• Others
By Strength
• High Strength
• Ultra-High Strength
By Alloy Type
• Wrought Alloys
• Cast Alloys
Major Players
• Alcoa Corporation
• Aleris Corporation
• Aluminium Bahrain B.S.C
• Aluminum Corporation of China Ltd. (Chinalco)
• Constellium N.V.
• Emirates Global Aluminium PJSC
• Kaiser Aluminum
• Kobe Steel Ltd.
• Norsk Hydro ASA
• Rio Tinto PLC.
• RUSAL
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
