Menu ×

CHEMICALS AND ADVANCED MATERIALS

Secondary Aluminum Alloy Market Segmentation by Alloy Type (Wrought Alloys, and Case Alloys); by Strength (Low Strength, High Strength, and Ultra-High Strength Aluminum Alloys); and by Application Industry (Building & Construction, Automotive, Aluminum Cans, and Other Applications) – Global Demand Analysis & Opportunity Outlook 2020-2030

  • Text Size:

Extensive insights into the Growth of Secondary Aluminum Alloy Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

IN THE NEWS

  • March 14th, 2019: Metal Exchange Corporation (MEC) announced that to serve its customers in Southeast Asia and South Asia markets, it had opened a trading office in Singapore. The new office is stated to be a step forward for benefitting global market as well as to add strength to the company’s global presence.

  • August 12th, 2019: Superior Aluminum Alloys, LLC, announced that it has successfully launched its new product, aluminum deox rod/wire, which is used by steel mills during the steelmaking process to remove oxygen from liquid steel.

 

Global Secondary Aluminum Alloy Market Highlights Over 2020 - 2030

The global secondary aluminum alloy market is estimated to garner a revenue of USD 63244.79 Million by the end of 2030 by growing at a CAGR of 4.90% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market registered a revenue of USD 39198.54 Million. The growth of the market can be attributed to growing focus of the government of nations worldwide to follow the three R’s, i.e., reduce, reuse, and recycle, and to lower environmental pollution caused due to the lack of awareness regarding recyclability of metals. Secondary aluminum alloy is produced by recycling aluminum scrap into an alloy. Increasing industrialization and urbanization, followed by the rising building & construction industry, and the growing manufacturing of automobiles worldwide are some of the major areas where both primary and secondary aluminum is used widely. Hence, the surge in demand for secondary aluminum from the end-use industries is also expected to drive the growth of the market in the coming years.

Secondary Aluminum Alloy Market GraphOne of the major factors anticipated to drive the growth of the market is the growing production of primary aluminum around the globe. According to the statistics by the International Aluminum Institute, the production of primary aluminum worldwide increased from 42353 Thousand metric tonnes in the year 2010 to 63657 Thousand metric tonnes in the year 2019.

Production of primary Graph

With the increasing production of primary aluminum, it is expected that the quantity of aluminum scrap would also increase, and in turn, drive the growth of the global secondary aluminum alloy market in the coming years. Moreover, increasing number of secondary aluminum smelters worldwide, along with the numerous benefits associated with the production of secondary aluminum, such as lower emissions, is also expected to benefit the market growth over the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT

Global Secondary Aluminum Alloy Market Regional Synopsis

The secondary aluminum alloy market in Europe is anticipated to garner a significant market revenue of USD 6197.99 Million by the end of 2030, and also grow with a CAGR of 3.56% during the forecast period. One of the major factors anticipated to drive the market growth in the region is the growing use of aluminum in different end-use industries, including the manufacturing of vehicles. Presence of several of the major vehicle manufacturers in the region, for which, the demand for aluminum is continuously increasing, is also expected to drive the market growth in the coming years. Besides this, the rising production of primary aluminum in the region is also anticipated to accelerate the market growth. In other statistics by the International Aluminum Institute, in the year 2020, the production of primary aluminum in Western & Central Europe, and Russia & Eastern Europe, recorded 3334 Thousand metric tonnes and 4153 Thousand metric tonnes respectively.

On the other hand, the market in the United States is expected to grow with a CAGR of 5.66% during the forecast period, and attain a magnificent revenue by the end of 2030. The growth of the market in the country can primarily be attributed to the increasing aluminum wastes generated in municipal waste stream and the growing focus of the government of the nation to recycle the metal. According to the statistics by the United States Environmental Protection Agency (EPA), the total quantity of aluminum wastes generated in municipal waste stream grew from 340 Thousand tons in the year 1960 to 3890 Thousand tons in the year 2018. Moreover, recycling of this metal from municipal waste stream increased from almost negligible quantity in the year 1960 to 670 Thousand tons in the year 2018.

Generation and Recycling of Aluminum Graph

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Singapore, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges Impacting the Growth of the Global Secondary Aluminum Alloy Market

Growth Drivers

  • Growing Awareness for the Environment
  • Increasing Focus on Recycling of Aluminum

Challenges

  • Environmental Concerns Pertaining to Mining of Bauxite

  • Fluctuating Prices of Raw Materials

Global Secondary Aluminum Alloy Market Segmentation Synopsis

The global secondary aluminum alloy market is segmented by alloy type into wrought alloys and cast alloys. Out of these, the wrought alloys segment is anticipated to hold the highest market share by the end of 2030 and also grow with the highest CAGR of 5.73% during the forecast period. Based on strength, the market is segmented into low, high, and ultra-high strength aluminum alloys. Out of these, the high strength aluminum alloys segment is anticipated to hold the largest revenue of USD 43955.13 Million by the end of 2030, up from a revenue of USD 25982.89 Million in the year 2020. The segment is also expected to grow with the highest CAGR of 5.40% during the forecast period. Further, on the basis of application industry, the market is segmented into building & construction, automotive, aluminum cans, and other applications. Out of these, the automotive segment is expected to garner the largest revenue of USD 31938.62 Million by the end of 2030, up from a revenue of USD 17931.54 Million in the year 2020.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global secondary aluminum alloy market that are included in our report are Century Metal Recycling Limited, Kawashima Co., Ltd., Daiki Aluminum Industry Co., Ltd., Allocco Recycling, Ltd., Superior Aluminum Alloys, LLC, Metal Exchange Corporation, Keiaisha Co., Ltd., Shin Wen Ching Metal Enterprise., Ltd., Namo Alloys Pvt. Ltd., Sunalco Industries Pvt. Ltd., and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Market Definition and Research Methodology
    1. Market Definition and Segmentation
    2. Assumptions and Acronyms
    3. Research Objective
  2. Executive Summary
  3. Market Dynamics
    1. Drivers
    2. Challenges
    3. Trends
    4. Opportunities
  4. Industry Analysis
    1. Value Chain Analysis
    2. Investment Opportunity Analysis for Business Development
    3. Regulatory Landscape
  5. Impact of COVID-19 on the Secondary Aluminum Alloy
  6. Global Secondary Aluminum Alloy Market
    1. Market Overview – Market Size (2020-2030)
    2. Market Segmentation by:
      1. Alloy Type
        1. Wrought Alloys, 2020-2030 (in USD Million)
        2. Cast Alloys, 2020-2030 (in USD Million)
      2. Strength
        1. Low Strength Aluminum Alloys, 2020-2030 (in USD Million)
        2. High Strength Aluminum Alloys, 2020-2030 (in USD Million)
        3. Ultra-High Strength Aluminum Alloys, 2020-2030 (in USD Million)
      3. Application Industry
        1. Building & Construction, 2020-2030 (in USD Million)
        2. Automotive, 2020-2030 (in USD Million)
        3. Aluminum Cans, 2020-2030 (in USD Million)
        4. Other Applications, 2020-2030 (in USD Million)
  7. United States Secondary Aluminum Alloy Market
    1. Market Overview – Market Size (2020-2030)
    2. Market Segmentation by:
      1. Alloy Type
        1. Wrought Alloys, 2020-2030 (in USD Million)
        2. Cast Alloys, 2020-2030 (in USD Million)
      2. Strength
        1. Low Strength Aluminum Alloys, 2020-2030 (in USD Million)
        2. High Strength Aluminum Alloys, 2020-2030 (in USD Million)
        3. Ultra-High Strength Aluminum Alloys, 2020-2030 (in USD Million)
      3. Application Industry
        1. Building & Construction, 2020-2030 (in USD Million)
        2. Automotive, 2020-2030 (in USD Million)
        3. Aluminum Cans, 2020-2030 (in USD Million)
        4. Other Applications, 2020-2030 (in USD Million)
  8. Europe Secondary Aluminum Alloy Market
    1. Market Overview – Market Size (2020-2030)
    2. Market Segmentation by:
      1. Alloy Type
        1. Wrought Alloys, 2020-2030 (in USD Million)
        2. Cast Alloys, 2020-2030 (in USD Million)
      2. Strength
        1. Low Strength Aluminum Alloys, 2020-2030 (in USD Million)
        2. High Strength Aluminum Alloys, 2020-2030 (in USD Million)
        3. Ultra-High Strength Aluminum Alloys, 2020-2030 (in USD Million)
      3. Application Industry
        1. Building & Construction, 2020-2030 (in USD Million)
        2. Automotive, 2020-2030 (in USD Million)
        3. Aluminum Cans, 2020-2030 (in USD Million)
        4. Other Applications, 2020-2030 (in USD Million)
  9. China Secondary Aluminum Alloy Market
    1. Market Overview – Market Size (2020-2030)
    2. Market Segmentation by:
      1. Alloy Type
        1. Wrought Alloys, 2020-2030 (in USD Million)
        2. Cast Alloys, 2020-2030 (in USD Million)
      2. Strength
        1. Low Strength Aluminum Alloys, 2020-2030 (in USD Million)
        2. High Strength Aluminum Alloys, 2020-2030 (in USD Million)
        3. Ultra-High Strength Aluminum Alloys, 2020-2030 (in USD Million)
      3. Application Industry
        1. Building & Construction, 2020-2030 (in USD Million)
        2. Automotive, 2020-2030 (in USD Million)
        3. Aluminum Cans, 2020-2030 (in USD Million)
        4. Other Applications, 2020-2030 (in USD Million)
  10. Japan Secondary Aluminum Alloy Market
    1. Market Overview – Market Size (2020-2030)
    2. Market Segmentation by:
      1. Alloy Type
        1. Wrought Alloys, 2020-2030 (in USD Million)
        2. Cast Alloys, 2020-2030 (in USD Million)
      2. Strength
        1. Low Strength Aluminum Alloys, 2020-2030 (in USD Million)
        2. High Strength Aluminum Alloys, 2020-2030 (in USD Million)
        3. Ultra-High Strength Aluminum Alloys, 2020-2030 (in USD Million)
      3. Application Industry
        1. Building & Construction, 2020-2030 (in USD Million)
        2. Automotive, 2020-2030 (in USD Million)
        3. Aluminum Cans, 2020-2030 (in USD Million)
        4. Other Applications, 2020-2030 (in USD Million)
  11. Competitive Landscape
    1. Century Metal Recycling Limited
    2. Kawashima Co., Ltd.
    3. Daiki Aluminum Industry Co., Ltd.
    4. Allocco Recycling, Ltd.
    5. Superior Aluminum Alloys, LLC
    6. Metal Exchange Corporation
    7. Keiaisha Co., Ltd.
    8. Shin Wen Ching Metal Enterprise., Ltd.
    9. Namo Alloys Pvt. Ltd.
    10. Sunalco Industries Pvt. Ltd.
  12. Primary Interview Analysis

Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved