Secondary Smelting and Alloying of Aluminium Market Report: Trends, Forecast and Competitive Analysis to 2030

Secondary Smelting and Alloying of Aluminium Market Report: Trends, Forecast and Competitive Analysis to 2030

Secondary Smelting and Alloying of Aluminium Trends and Forecast

The future of the global secondary smelting and alloying of aluminium market looks promising with opportunities in the smelting and manufacture markets. The global secondary smelting and alloying of aluminium market is expected to reach an estimated $15.8 billion by 2030 with a CAGR of 2.8% from 2024 to 2030. The major drivers for this market are rising emphasis on environmentally friendly methods and the expanding need across industries for lightweight materials, policies that encourage recycling and lower carbon emissions, as well as, government backing for programs promoting recycling and technological innovation.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Secondary Smelting and Alloying of Aluminium by Segment

The study includes a forecast for the global secondary smelting and alloying of aluminium by type, end use, and region.

Secondary Smelting and Alloying of Aluminium Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Aluminum Smelting
• Aluminum Alloying
• Others

Secondary Smelting and Alloying of Aluminium Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Smelting
• Manufacture
• Others

Secondary Smelting and Alloying of Aluminium Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Secondary Smelting and Alloying of Aluminium Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies secondary smelting and alloying of aluminium companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the secondary smelting and alloying of aluminium companies profiled in this report include-

• SICCODE
• Morgan Advanced Materials
• Aleris
• Novelis
• Alcoa
• Wise Metals
• Hydro Aluminium
• Ohio Valley Aluminum Company
• Kaiser Aluminum & Chemicals
• Golden Aluminum

Secondary Smelting and Alloying of Aluminium Market Insights

Lucintel forecasts that aluminum alloying will remain the larger segment over the forecast period because it offers a wide range of properties and can be customized for specific applications.

North America will remain the largest region over the forecast period due to high demand for secondary aluminum from various sectors like automotive, construction, and consumer good.

Features of the Global Secondary Smelting and Alloying of Aluminium Market

Market Size Estimates: Secondary smelting and alloying of aluminium market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Secondary smelting and alloying of aluminium market size by type, end use, and region in terms of value ($B).

Regional Analysis: Secondary smelting and alloying of aluminium market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the secondary smelting and alloying of aluminium market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the secondary smelting and alloying of aluminium market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the secondary smelting and alloying of aluminium market size?

Answer: The global secondary smelting and alloying of aluminium market is expected to reach an estimated $15.8 billion by 2030.

Q2. What is the growth forecast for secondary smelting and alloying of aluminium market?

Answer: The global secondary smelting and alloying of aluminium market is expected to grow with a CAGR of 2.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the secondary smelting and alloying of aluminium market?

Answer: The major drivers for this market are rising emphasis on environmentally friendly methods and the expanding need across industries for lightweight materials, policies that encourage recycling and lower carbon emissions, as well as, government backing for programs promoting recycling and technological innovation.

Q4. What are the major segments for secondary smelting and alloying of aluminium market?

Answer: The future of the global secondary smelting and alloying of aluminium market looks promising with opportunities in the smelting and manufacture markets.

Q5. Who are the key secondary smelting and alloying of aluminium market companies?

Answer: Some of the key secondary smelting and alloying of aluminium companies are as follows:

• SICCODE
• Morgan Advanced Materials
• Aleris
• Novelis
• Alcoa
• Wise Metals
• Hydro Aluminium
• Ohio Valley Aluminum Company
• Kaiser Aluminum & Chemicals
• Golden Aluminum

Q6. Which secondary smelting and alloying of aluminium market segment will be the largest in future?

Answer: Lucintel forecasts that aluminum alloying will remain the larger segment over the forecast period because it offers a wide range of properties and can be customized for specific applications.

Q7. In secondary smelting and alloying of aluminium market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to high demand for secondary aluminum from various sectors like automotive, construction, and consumer good.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the secondary smelting and alloying of aluminium market by type (aluminum smelting, aluminum alloying, and others), end use (smelting, manufacture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?Please note: It will take 2-3 business days to deliver the report upon receipt the order.