#Aluminum Alloy Ingot Industry: Future Demand Market size
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Aluminum Alloy Ingot Industry: Future Demand, Market Analysis & Outlook to 2025
The Aluminum Alloy Ingot market report offers a detailed explanation of different Leading level industries that are functioning in global regions. The Aluminum Alloy Ingot market was developed with a primary focus on the competitive sphere, retail, geographical expansion, and market dynamics, including drivers, constraints, and opportunities. In this report, various chapters deliver a logical understanding of the market scenarios with relevant examples. This report also analyzes the global market competition landscape, market drivers and trends, opportunities and challenges, sales channels, distributors, and Porter's Five Forces Analysis.
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The objective of this examine is to determine market sizes for various sectors and countries in recent years and predict values for the next eight years. The report is created to integrate the qualitative and quantitative aspects of the industry both in the regions and in the countries participating in the study. In addition, the report also provides detailed information on key aspects, such as the drivers and challenges that will determine future market growth. In addition, the report should also incorporate opportunities in small markets for interested parties to invest together with a detailed analysis of the competitive landscape and product offerings of key stakeholders.
Major Market Players Covered In This Report:
Rusal, Chalco, Rio Tinto, Alcoa, Hongqiaqo Group, Norsk Hydro, Alva Aluminium Limited
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The specified segments and sub-sections of the market are explained below:
By Product Type:
Round Ingot, Slab Ingot, T shape Ingot
By Application/End-user:
Construction, Automotive, Electrical & Electronics, Machinery & Equipment
By country/region:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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Reasons to Purchase this Report:
Trend estimates in the development of the 2020-2025 Aluminum Alloy Ingot market with recent trends and SWOT analysis
The Scenario of market dynamics, along with opportunities for market growth in the coming years.
Regional and national analysis that combines demand and supply forces that influence market growth.
Market segmentation analysis, including qualitative and quantitative research that includes the impact of economic and political aspects.
A competitive landscape that includes the market share of key players, along with new projects and strategies adopted by players in the last five years.
#Aluminum Alloy Ingot Industry: Future Demand Market#Aluminum Alloy Ingot Industry: Future Demand Market size
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Global Aluminum Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025
Rising demand from the construction and automotive industries is estimated to propel the global aluminum market toward growth. Aluminum finds extensive use in electronics and electronics industry, thanks to its properties like good conductivity of electricity, low cost and lightweight. It is widely used in electrical & electronics industry due to its excellent electrical conductor, lightweight, and low cost compared to other metals.
Kaiser Aluminum Corporation of China Limited, Emirates Global Aluminum PJSC, Emirates Global Aluminium, Xinfa Group, and Rio Tinto are few of the names to reckon with in the global aluminum market.
To shed light on this aluminum market, Transparency market research takes advantage of historical data and utilizes necessary research methodologies. It records every information that influences the global aluminum market at a both micro and macro levels. Analysts at TMR prophesize that the market would clock remarkable growth rate of 6.4% CAGR during the assessment period, from 2017 to 2025. The global aluminum market will reach value worth US$ 249.29 mn through 2025.
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Boom in Construction Activities to Bolster Demand in Europe and Asia Pacific
For the purpose of analysis, the global aluminum market is split into the principal regions of Latin America, Asia Pacific, Middle East and Africa, Europe, and North America.
Asia Pacific is expected to account for a leading share of the global aluminum market during the assessment period, from 2017 to 2025. For long, China is one of the leading producers of aluminum and the demand for domestic consumption of the same is growing as well. In the Asia Pacific, China continues to be the principal region driving the growth of the aluminum market in the region during forecast period.
Increased construction activities in Europe owing to the movement of millions of refugees from war-torm countries of Yemen, Syria, and Libya are likely to generate considerable demand for aluminum in Europe. In addition to that, demand for recycled and primary aluminum for the purpose of lightweight construction is also supporting the growth of the global aluminum market during the assessment period.
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Expansion of the Construction and Automotive Industries Spurs Demand for Aluminum Worldwide
The global aluminum market is likely to gather momentum from its rising demand originating from the automotive industry. Growth in transport industry is characterized with the rising demand for utilization of lightweight materials to prevent environmental pollution. The emerging trend of manufacturing automobiles utilizing lightweight materials is on rise and shows no sign of slowing down. The rising demand for lightweight materials for automotives is to enhance fuel efficiency and to lessen carbon footprint in the environment. These factors are likely to trigger growth of the global aluminum market. In addition to that, aluminum is likely to be increasingly utilized various fast emerging sectors like additive manufacturing, electro-mobility, and future mobility. Therefore, it is highly likely that the global aluminum is market will witness considerable expansion in years to come.
In the construction sector, aluminum is much in demand owing to its lightweight property. Even though aluminum might lose some of its market share to its competitors in some sectors, overall it will find abundant use in various areas of application across industries. Aluminum is an excellent reusable material and a trend toward increased use of energy saving cars are likely to amplify growth of the global aluminum market.
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In addition to automotive and construction, aluminum is highly in demand in food and beverage industry. Remarkable shift toward packaged food is facilitating use of aluminum in food packaging. Phenomenal rise in demand for processed and packaged food is likely to drive the expansion of global aluminum market over the period of assessment, 2017 to 2025. However, stiff competition arising from other alternative materials like plastics and glass is prophesized to restrain the expansion of the global aluminum market over the review period.
Fluctuations in the price of raw materials are likely to curb the growth rate of the global aluminum market over the assessment period, despite its extensive use in construction, packaging and automotive industries.
The information shared in this review is based on a TMR report, bearing the title, “Aluminum market (Type - Pure Aluminum and Aluminum Alloy; Product - Plates, Ingots, Sheets & Foils, and Cables & Wires; End-user - Transportation, Construction, Electrical, and Foils and Packaging) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025.”
The global aluminum market is segmented based on:
Type
Pure Aluminum
Aluminum Alloy
Application
Plates
Ingots
Sheets and Foils
Cables and Wires
End-user
Transportation
Construction
Electrical
Foils & Packaging
Region
North America
Europe
Middle East and Africa
Asia Pacific
Latin America
US
Canada
Germany
France
Italy
Spain
U.K.
Rest of Europe
GCC Countries
South Africa
Rest of Middle East & Africa
China
Japan
India
Australia & New Zealand
Rest of Asia Pacific
Brazil
Mexico
Rest of Latin America
Companies in the Aluminum market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.
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Master Alloys Industry - Size, Growth, Trends, by 2024
Market Research Future Has Published a Cooked Research Report on the Global Master Alloys Market.
Market Analysis:
Various factors are propelling the master alloys market growth. These factors, as stated by the MRFR report, include burgeoning demand for master alloys from the titanium industry, and growing demand in the automotive sector. Additional factors pushing market growth include growing demand for superalloys that can withstand extreme temperatures and collaboration between consumers and manufacturers.
Master Alloys Industry is predicted to touch USD 441.2 million at a 6.51% CAGR over the forecast period (2018-2024), as per the latest Market Research Future (MRFR) report. A master alloy, simply put, is a base metal including nickel, copper or aluminium with a comparatively percentage of one or two other elements. These alloys are made in various shapes such as rod in coils, waffle plate, and ingot. They are mostly found in plants where metals are melted, alloyed with different elements as well as cast into shapes. It can be steel, iron, aluminium or precious metals such as gold. Master alloys are also known as a modifier, grain refiner, and hardener resting on its application.
On the contrary, declining profit margins, coupled with the dull growth of the steel industry are factors that may impede the master alloys market growth over the forecast period.
Key Players:
Leading players profiled in the Master Alloys Industry include KBM Affilips (Netherlands), Advanced Metallurgical Group N.V. (Netherlands), Asturiana de Aleaciones SA (Spain), Reading Alloys (AMETEK Inc.) (US), and Milward Alloys Inc. (US), among others.
July 2019: UK-based LCM (Less Common Metals), the sole rare earth alloy producer based outside Japan and China has begun the production of metal. LCM produces samarium cobalt alloys and neodymium-iron-boron, and high purity earth metals for the permanent magnet industry in Southern England. Besides, they also make other rare earth alloys such as master alloys (lanthanum nickel and yttrium aluminum) and hydrogen storage.
Market Segmentation
The Market Research Future report provides a wide segmental analysis of the Master Alloys Market Size based on application and type.
Based on type, the master alloys market is segmented into copper-based master alloys, chromium alloys, vanadium alloys, molybdenum alloys, aluminium-based master alloys, and others. Of these, the aluminium-based master alloys segment will have the largest share in the market over the forecast period. This is owing to the fact that aluminium is lightweight, highly compatible with other base materials, and works as a hardening agent.
By application, the master alloys market is segmented into the aluminium industry, metal anhydride alloys, iron, titanium production, powder metallurgical, stainless steel, superalloys, and others. Of these, the titanium production segment will dominate the market over the forecast period. This is owing to its wide use in aircraft engines as well as components. The titanium production segment will be followed by the superalloys segment.
Regional Analysis
Based on the region, the Master Alloys Industry covers growth opportunities and the latest trends across North America, Asia Pacific (APAC), Europe, Latin America, and the Middle East and Africa (MEA). Of these, the APAC region will remain the frontrunner in the market over the forecast period. It is predicted to grow at an 8.3% CAGR. This is owing to the burgeoning demand from various end industries such as aluminum, consumer goods, automotive, and aircraft components. The presence of automotive giants such as Mitsubishi and Toyota are investing largely in production facilities, especially in Malaysia, the Philippines, and Indonesia are also boosting the market growth in this region.
The master alloys market in North America is predicted to have the second-largest share in the market during the forecast period and is predicted to touch USD 91.4 million. This is owing to the growth in the aerospace industry and the presence of leading aircraft manufacturers in the region.
The master alloys market in Europe is predicted to have moderate growth over the forecast period. Germany is the key contributor in this region owing to the growing demand for titanium alloys in the automotive as well as aerospace industries.
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Gallium Market Broad and general facts about Trends,CAGR and major Industrial players
Gallium Market: Overview
Gallium is a metal that appears as gray orthogonal crystal in solid state and tin or silvery colored metal in molten state. Gallium metal exists in a molten state at room temperature due to its relatively low melting point and high boiling point. It is soluble in acids and alkalis, and partly soluble in mercury. It is produced as a by-product of the aluminum refining process. Gallium is also found in small traces in zinc ores and bauxite. Gallium is a post-transition metal in the periodic table; therefore, its chemical properties are familiar with chemical properties of aluminum and indium. Gallium blends with arsenic, phosphorus, and antimony, forming compounds and alloys, which exhibit semiconductor properties. It is primarily used as an electrochemical in semiconductors, photovoltaic cells, integrated circuits, and diodes.
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Gallium Market: Drivers & Restraints
The global gallium market is primarily driven by the increase in demand for gallium metal in the electronics industry. Gallium is widely used to manufacture chips and wafers in microelectronics, semiconductors, and photovoltaic applications owing to its properties such as electrical conductivity and wettability.
Increase in adoption rate of IoT devices and Artificial Intelligence (AI) is likely to provide an impetus to the production of semiconductors and microelectronics. Increase in awareness about solar powered devices is also expected to boost the demand for photovoltaic cells. Rise in demand for semiconductors, microelectronics, and photovoltaic cell applications in the electronics industry is anticipated to propel the demand for gallium. Furthermore, gallium is used in medical and radiopharmaceutical applications to treat carcinogenic disorders. This is projected to offer lucrative opportunities to the gallium market during the forecast period.
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Gallium Market: Key Segments
In terms of product, the gallium market can be segmented into compounds, alloys, oxides, nanomaterials, and others. Compounds can be further classified into gallium arsenide, gallium nitride, and others. The gallium arsenide sub-segment accounted for the key share of the compounds segment in 2017. Gallium arsenide is widely used in monolithic microwave integrated circuits, microwave frequency integrated circuits, laser diodes, infrared light-emitting diodes, solar cells, and optical windows. Gallium alloys are primarily employed in thin-film coatings and thermal interface materials. Gallium compounds are used in electroluminescent light emission, microwave integrated circuit production, and UV-activated powder phosphors.
Based on form, the gallium market can be divided into ingot, pellet, and powder. Gallium is produced in various forms with distinctive densities and grain sizes, depending upon its applications.
In terms of application, the gallium market can be segregated into microwave & infrared circuits, semiconductors, LEDs, pharmaceuticals, photovoltaic cells, catalyst, and others. Semiconductors and photovoltaic cells segments accounted for substantial share of the global gallium market in 2017. Increase in utilization rates of semiconductor in electronic devices such as tablet computers, mobile phones, and television sets; and photovoltaic cells in solar power generating devices are projected to drive the gallium market in the near future.
Gallium Market: Regional Outlook
Based on geography, the global gallium market can be classified into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The gallium market in Asia Pacific is anticipated to expand at a swift pace due to the rapid industrialization in developing economies in the region. Demand for gallium has been increased owing to the rise in production capacities of semiconductor and photovoltaic cell fabrication plants in China, Japan, and South Korea. Expansion in the electronics industry due to competent labor pricing and easy availability of raw materials in Asia Pacific are projected to boost the demand for gallium in the region. North America and Europe also held prominent share of the global gallium market in 2017.
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Gallium Market: Key Players
Key players operating in the global gallium market include American Elements, 5N Plus, DOWA Electronics Materials Co., Ltd., Fortis Metals, Guangdong Xianjian Materials Co., Ltd., Indium Corporation, Nanjing Jinmei Gallium Co., Ltd., Nippon Rare Metal, Inc., Umicore N.V., and Zhuzhou Keneng New Material Co., Ltd. Inc.
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Automotive and Construction Sectors Stroking Global Aluminum Market Trends and Forecast 2017 – 2025
An up to date business intelligence study developed at Transparency Market Research (TMR) has detected that while the global aluminum market continues to attain greater profitability, the competitive landscape is fragmented, with the shares distributed among a large number of small- and medium-sized companies. For some of the well-established players, such as Norsk Hydro ASA, China Limited, RUSAL, RioTinto, and Emirates Global Aluminum PJSC, strategic alliances has been observed as the key mode to gain ground over the rivals.
One of the recent and important development in the aluminum market has been the sanctions imposed by the U.S. Government over the Russian company Rusal, which currently is the second largest producers of aluminum in the World. That being said, influx of product owing to increased capacity of China and that itself of the U.S. is expected to fill the void in the near future.
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Global Aluminum Market to be worth US$249.29 billion by 2025
If the projections of the TMR report are to be believed, the demand in the global aluminum market will increment at a notable CAGR of 6.4% during the forecast period of 2017 to 2025, with the total opportunities estimated to reflect a revenue of US$249.29 billion by the end of 2025. Based on type of aluminum, the market has been segmented into pure and alloys whereas product-wise bifurcation has been done into sheets and foils, plates, ingots, and cables and wires. As of 2017, the ingots segment emerged as the leading segment.
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The analyst of the report has also gauged the potential of demand that will be forthcoming from the end users of construction, transportation, foils and packaging, and electrical. Geographically, Asia Pacific is the most lucrative region by a country-mile, with China being the most prominent producer. As of 2016, Asia Pacific churned out over 60% of the total demand share, which can be attributed to the booming construction and automotive sectors across emerging economies of China, India, Indonesia, and Malaysia. Both construction and automotive players are utilizing alloys of aluminum in order to utilize their properties of conductivity to heat with good resistance, durability against rusting, lightweight, and withstanding weather. While the automotive sector is making a shift towards greater fuel efficiency with safer vehicles, the construction industry is feeding off radical manner of infrastructural development across emerging economies.
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