SHARE

Thermal conductivity of aluminum alloys, is about 50 to 60% that of copper, and is proven to be advantageous in heat exchangers, evaporators, electrically heated appliances and utensils, and automotive cylinder heads and radiators as compared to its counterparts.

Worldwide High Strength Aluminum Alloys Market Performance, Feasibility, Key Players, Consumption Status, Production, Regions, Report 2017-2026

Rising demand for high strength aluminum alloys from various end-use industries, owing to its recyclability is a factor expected to propel growth of the global high strength aluminum alloys market over the forecast period. In addition, growing demand growing demand for high strength aluminum alloys from aerospace sector is another factor expected to boost growth of the target market in the near future. Moreover, rising demand for high strength aluminum alloys from automotive and transportation industry in many applications such as wheel rims, engine components, pistons, powertrain, front and rear longitudinal frame, and many more is major factor expected to fuel growth of the target market over the forecast period. However, high production costs is major factor expected to limit growth of the global high strength aluminum alloys market over the forecast period.

The global high strength aluminum alloys market has been segmented on the basis of strength, alloy type, end-use industry, and region. On the basis of strength, the target market is segmented into high-strength and ultra-high-strength. The segment ultra-high strength aluminum majorly dominates in the aerospace and defense industry. On the basis of alloy type global high strength aluminum alloys market is segmented into wrought and cast. On the basis of end-use industry segment the target market is segmented into aerospace and defense, automotive and transportation, automotive, marine, and others that include sporting goods, construction, machinery, and equipment.

Request for the Sample Report Here: https://marketresearch.biz/report/high-strength-aluminum-alloys-market/request-sample/

Based upon region global high strength aluminum alloys market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The market in Asia Pacific is estimated to be highest share in terms of revenue, owing to increasing demand for high strength aluminum alloys from automotive industries in the region. The markets in Europe is expected to register significant growth in terms of revenue, owing to stringent government regulations for emission reduction in the region over the forecast period.

Key players operating in the global high strength aluminum alloys market include Rio Tinto PLC, Aluminium Bahrain B.S.C., Norsk Hydro ASA, Hindalco Industries Limited, Alcoa Inc., Mitsubishi Rayon Co. Ltd., United Company Rusal, Aluminum Corporation of China Limited, Century Aluminum Company, and China Hongquiao Group Limited.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here