세계의 합금 시장 : 재료별, 최종 용도 산업별 - 기회 분석과 산업 예측(2024-2033년)

The global alloys market was valued at $301.7 billion in 2023, and is projected to reach $533.9 billion by 2033, growing at a CAGR of 5.9% from 2024 to 2033.

Introduction

Alloys are materials composed of two or more elements, with at least one being a metal, combined to enhance their properties for specific applications. The primary goal of creating alloys is to achieve desired characteristics such as improved strength, ductility, corrosion resistance, and thermal or electrical conductivity, which are often superior to those of the individual elements. The process of alloying involves melting the components together and allowing them to solidify into a homogeneous material. In the aerospace sector, alloys play a critical role due to the high-performance requirements of aircraft components.

Aluminum alloys, for instance, are widely used in aircraft structures due to their lightweight and high strength-to[1]weight ratio. Titanium alloys are also prevalent in aerospace applications, particularly for components that endure high temperatures and stresses, such as turbine blades and engine casings. The use of advanced alloys not only contributes to the performance and safety of aircraft but also helps in fuel efficiency, reducing the overall operational costs.

In the aerospace sector, alloys play a critical role due to the high-performance requirements of aircraft components. Aluminum alloys, for instance, are widely used in aircraft structures due to their lightweight and high strength-to[1]weight ratio. Titanium alloys are also prevalent in aerospace applications, particularly for components that endure high temperatures and stresses, such as turbine blades and engine casings. The use of advanced alloys not only contributes to the performance and safety of aircraft but also helps in fuel efficiency, reducing the overall operational costs.

Market Dynamics

An increase in demand of alloys in energy and infrastructure projects is expected to drive the growth of the alloys market during the forecast period. The demand for alloys in energy and infrastructure sectors is steadily increasing due to rapid urbanization and industrialization worldwide. Advanced alloys play a crucial role in meeting the performance, durability, and sustainability needs of modern infrastructure, particularly in renewable energy, power generation, construction, and transportation. One of the main drivers of this demand is the growing emphasis on renewable energy projects. The materials used in these systems are known to endure harsh conditions and operate efficiently over time as the global focus shifts from fossil fuels to cleaner energy sources like wind, solar, and hydropower. Alloys such as stainless steel, aluminum, and nickel-based materials are vital for constructing wind turbines, solar panel frames, and hydroelectric dams due to their strength, corrosion resistance, and durability.

However, fluctuating raw material prices is expected to hinder the growth of the alloys market during the forecast period. The price volatility of alloys directly influences production costs for alloy manufacturers, forcing them to increase prices for their products, including automotive components, aerospace parts, and infrastructure materials. In sectors that prioritize cost-effectiveness, such price hikes can lessen demand as businesses may opt for alternative materials or postpone projects until prices stabilize. The unpredictability of raw material costs also poses challenges for long-term planning and investment in alloy manufacturing, as companies may hesitate to undertake large projects or develop new products due to uncertainty. This market instability hinders innovation and diminishes competitiveness, particularly for smaller alloy producers with limited financial flexibility to manage price fluctuations.

Segments Overview

The alloys market is segmented into material, end-use industry, and region. On the basis of material, the market is classified into stainless steel alloy, aluminum alloy, nickel alloy, bronze alloy, magnesium alloy, and others. On the basis of end-use industry, the market is divided into aerospace, power, oil and gas, electrical and electronics, automotive, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of material, aluminum alloy alloy segment dominated the alloys market representing the CAGR of 5.4% during the forecast period. Aluminum is a versatile metal widely used in the creation of aluminum alloys due to its excellent physical and mechanical properties. As the primary constituent in most alloys, aluminum provides a lightweight yet strong foundation, making it a preferred choice for various industries. Its low density and high corrosion resistance are particularly advantageous in applications where weight savings and durability are critical, such as in the aerospace, automotive, and marine sectors. The addition of other elements like magnesium, silicon, copper, and zinc to aluminum enhances specific characteristics of the alloy. For instance, aluminum-magnesium alloys are known for their superior corrosion resistance and are often used in marine environments.

On the basis of end-use industry, automotive segment dominated the alloys market representing the CAGR of 6.7% during the forecast period. Alloys play a pivotal role in the automotive industry, offering an optimal blend of strength, durability, weight reduction, and cost efficiency. These materials are critical for achieving the performance, safety, and fuel efficiency targets demanded by modern vehicles. The growing adoption of electric vehicles (EVs) has further expanded the scope of alloy usage in the automotive industry. Copper alloys are essential for efficient electrical conductivity in motor windings and connectors. Additionally, lightweight aluminum and magnesium alloys contribute to extending EV range by reducing overall vehicle weight, while advanced alloys support the durability and thermal management of battery systems.

Region wise, Asia-Pacific is the fastest growing region in 2023, growing with the CAGR of 7.4% during the forecast period. The Asia-Pacific region is a significant consumer and producer of alloys, driven by its rapidly expanding industrial base, robust manufacturing sector, and infrastructure development. The region's diverse economies, including China, India, Japan, South Korea, and Australia, play pivotal roles in the global alloys market due to their substantial demand across various industries such as automotive, construction, aerospace, electronics, and energy. Steel alloys dominate the market in Asia-Pacific, with extensive use in construction and infrastructure projects. Countries like China and India are the largest producers and consumers of steel alloys, leveraging their domestic production capabilities to support large-scale urbanization and industrialization efforts. Stainless steel, a vital alloy, is heavily utilized in manufacturing machinery, appliances, and vehicles, aligning with the region's industrial growth.

Competitive Analysis

The major prominent players operating in the alloys market include Baosteel Group Corporation, Aluminum Corporation of China Limited, Jindal Stainless Ltd, Rio Tinto Group., Nippon Steel Corporation, POSCO holdings Inc, Alcoa Corporation, Kobe Steel, Ltd., RUSAL, and ArcelorMittal S.A

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the alloys market analysis from 2023 to 2033 to identify the prevailing alloys market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the alloys market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global alloys market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

• Quarterly Update and* (only available with a corporate license, on listed price)
• 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
• Free Upcoming Version on the Purchase of Five and Enterprise User License.
• 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
• 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
• Free data Pack on the Five and Enterprise User License. (Excel version of the report)
• Free Updated report if the report is 6-12 months old or older.
• 24-hour priority response*
• Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

• Manufacturing Capacity
• End user preferences and pain points
• Industry life cycle assessment, by region
• Product Life Cycles
• Upcoming/New Entrant by Regions
• Technology Trend Analysis
• Go To Market Strategy
• Market share analysis of players by products/segments
• Patient/epidemiology data at country, region, global level
• Surgical procedures data- specific or multiple surgery types
• Additional company profiles with specific to client's interest
• Historic market data
• Import Export Analysis/Data
• SWOT Analysis
• Volume Market Size and Forecast

Key Market Segments

By Material

• Stainless Steel Alloy
• Aluminum Alloy
• Nickel Alloy
• Bronze Alloy
• Magnesium Alloy
• Others

By End Use Industry

• Aerospace
• Power
• Oil and Gas
• Electrical and Electronics
• Automotive
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA

Key Market Players:

• Alcoa Corporation
• Aluminum Corporation of China Limited
• ArcelorMittal S.A
• Baosteel Group Corporation
• Jindal Stainless Ltd
• Kobe Steel, Ltd.
• Nippon Steel Corporation
• POSCO Holdings Inc.
• Rio Tinto Group.
• RusAL

TABLE OF CONTENTS

CHAPTER 1: INTRODUCTION

• 1.1. Report description
• 1.2. Key market segments
• 1.3. Key benefits to the stakeholders
• 1.4. Research methodology
  • 1.4.1. Primary research
  • 1.4.2. Secondary research
  • 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

• 2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

• 3.1. Market definition and scope
• 3.2. Key findings
  • 3.2.1. Top impacting factors
  • 3.2.2. Top investment pockets
• 3.3. Porter's five forces analysis
  • 3.3.1. Moderate bargaining power of suppliers
  • 3.3.2. Moderate threat of new entrants
  • 3.3.3. Moderate threat of substitutes
  • 3.3.4. Moderate intensity of rivalry
  • 3.3.5. Moderate bargaining power of buyers
• 3.4. Market dynamics
  • 3.4.1. Drivers
    • 3.4.1.1. Increase in demand for alloys in automotive and aerospace industries
    • 3.4.1.2. Increase in demand of alloys in energy and infrastructure projects
  • 3.4.2. Restraints
    • 3.4.2.1. Fluctuating raw material prices
  • 3.4.3. Opportunities
    • 3.4.3.1. Increase in demand for sustainable alloys
• 3.5. Value Chain Analysis
• 3.6. Regulatory Guidelines

CHAPTER 4: ALLOYS MARKET, BY MATERIAL

• 4.1. Overview
  • 4.1.1. Market size and forecast
• 4.2. Stainless Steel Alloy
  • 4.2.1. Key market trends, growth factors and opportunities
  • 4.2.2. Market size and forecast, by region
  • 4.2.3. Market share analysis by country
• 4.3. Aluminum Alloy
  • 4.3.1. Key market trends, growth factors and opportunities
  • 4.3.2. Market size and forecast, by region
  • 4.3.3. Market share analysis by country
• 4.4. Nickel Alloy
  • 4.4.1. Key market trends, growth factors and opportunities
  • 4.4.2. Market size and forecast, by region
  • 4.4.3. Market share analysis by country
• 4.5. Bronze Alloy
  • 4.5.1. Key market trends, growth factors and opportunities
  • 4.5.2. Market size and forecast, by region
  • 4.5.3. Market share analysis by country
• 4.6. Magnesium Alloy
  • 4.6.1. Key market trends, growth factors and opportunities
  • 4.6.2. Market size and forecast, by region
  • 4.6.3. Market share analysis by country
• 4.7. Others
  • 4.7.1. Key market trends, growth factors and opportunities
  • 4.7.2. Market size and forecast, by region
  • 4.7.3. Market share analysis by country

CHAPTER 5: ALLOYS MARKET, BY END USE INDUSTRY

• 5.1. Overview
  • 5.1.1. Market size and forecast
• 5.2. Aerospace
  • 5.2.1. Key market trends, growth factors and opportunities
  • 5.2.2. Market size and forecast, by region
  • 5.2.3. Market share analysis by country
• 5.3. Power
  • 5.3.1. Key market trends, growth factors and opportunities
  • 5.3.2. Market size and forecast, by region
  • 5.3.3. Market share analysis by country
• 5.4. Oil and Gas
  • 5.4.1. Key market trends, growth factors and opportunities
  • 5.4.2. Market size and forecast, by region
  • 5.4.3. Market share analysis by country
• 5.5. Electrical and Electronics
  • 5.5.1. Key market trends, growth factors and opportunities
  • 5.5.2. Market size and forecast, by region
  • 5.5.3. Market share analysis by country
• 5.6. Automotive
  • 5.6.1. Key market trends, growth factors and opportunities
  • 5.6.2. Market size and forecast, by region
  • 5.6.3. Market share analysis by country
• 5.7. Others
  • 5.7.1. Key market trends, growth factors and opportunities
  • 5.7.2. Market size and forecast, by region
  • 5.7.3. Market share analysis by country

CHAPTER 6: ALLOYS MARKET, BY REGION

• 6.1. Overview
  • 6.1.1. Market size and forecast By Region
• 6.2. North America
  • 6.2.1. Key market trends, growth factors and opportunities
  • 6.2.2. Market size and forecast, by Material
  • 6.2.3. Market size and forecast, by End Use Industry
  • 6.2.4. Market size and forecast, by country
    • 6.2.4.1. U.S.
    • 6.2.4.1.1. Market size and forecast, by Material
    • 6.2.4.1.2. Market size and forecast, by End Use Industry
    • 6.2.4.2. Canada
    • 6.2.4.2.1. Market size and forecast, by Material
    • 6.2.4.2.2. Market size and forecast, by End Use Industry
    • 6.2.4.3. Mexico
    • 6.2.4.3.1. Market size and forecast, by Material
    • 6.2.4.3.2. Market size and forecast, by End Use Industry
• 6.3. Europe
  • 6.3.1. Key market trends, growth factors and opportunities
  • 6.3.2. Market size and forecast, by Material
  • 6.3.3. Market size and forecast, by End Use Industry
  • 6.3.4. Market size and forecast, by country
    • 6.3.4.1. Germany
    • 6.3.4.1.1. Market size and forecast, by Material
    • 6.3.4.1.2. Market size and forecast, by End Use Industry
    • 6.3.4.2. France
    • 6.3.4.2.1. Market size and forecast, by Material
    • 6.3.4.2.2. Market size and forecast, by End Use Industry
    • 6.3.4.3. Italy
    • 6.3.4.3.1. Market size and forecast, by Material
    • 6.3.4.3.2. Market size and forecast, by End Use Industry
    • 6.3.4.4. Spain
    • 6.3.4.4.1. Market size and forecast, by Material
    • 6.3.4.4.2. Market size and forecast, by End Use Industry
    • 6.3.4.5. UK
    • 6.3.4.5.1. Market size and forecast, by Material
    • 6.3.4.5.2. Market size and forecast, by End Use Industry
    • 6.3.4.6. Rest of Europe
    • 6.3.4.6.1. Market size and forecast, by Material
    • 6.3.4.6.2. Market size and forecast, by End Use Industry
• 6.4. Asia-Pacific
  • 6.4.1. Key market trends, growth factors and opportunities
  • 6.4.2. Market size and forecast, by Material
  • 6.4.3. Market size and forecast, by End Use Industry
  • 6.4.4. Market size and forecast, by country
    • 6.4.4.1. China
    • 6.4.4.1.1. Market size and forecast, by Material
    • 6.4.4.1.2. Market size and forecast, by End Use Industry
    • 6.4.4.2. Japan
    • 6.4.4.2.1. Market size and forecast, by Material
    • 6.4.4.2.2. Market size and forecast, by End Use Industry
    • 6.4.4.3. India
    • 6.4.4.3.1. Market size and forecast, by Material
    • 6.4.4.3.2. Market size and forecast, by End Use Industry
    • 6.4.4.4. South Korea
    • 6.4.4.4.1. Market size and forecast, by Material
    • 6.4.4.4.2. Market size and forecast, by End Use Industry
    • 6.4.4.5. Australia
    • 6.4.4.5.1. Market size and forecast, by Material
    • 6.4.4.5.2. Market size and forecast, by End Use Industry
    • 6.4.4.6. Rest of Asia-Pacific
    • 6.4.4.6.1. Market size and forecast, by Material
    • 6.4.4.6.2. Market size and forecast, by End Use Industry
• 6.5. LAMEA
  • 6.5.1. Key market trends, growth factors and opportunities
  • 6.5.2. Market size and forecast, by Material
  • 6.5.3. Market size and forecast, by End Use Industry
  • 6.5.4. Market size and forecast, by country
    • 6.5.4.1. Brazil
    • 6.5.4.1.1. Market size and forecast, by Material
    • 6.5.4.1.2. Market size and forecast, by End Use Industry
    • 6.5.4.2. South Africa
    • 6.5.4.2.1. Market size and forecast, by Material
    • 6.5.4.2.2. Market size and forecast, by End Use Industry
    • 6.5.4.3. Saudi Arabia
    • 6.5.4.3.1. Market size and forecast, by Material
    • 6.5.4.3.2. Market size and forecast, by End Use Industry
    • 6.5.4.4. Rest of LAMEA
    • 6.5.4.4.1. Market size and forecast, by Material
    • 6.5.4.4.2. Market size and forecast, by End Use Industry

CHAPTER 7: COMPETITIVE LANDSCAPE

• 7.1. Introduction
• 7.2. Top winning strategies
• 7.3. Product mapping of top 10 player
• 7.4. Competitive dashboard
• 7.5. Competitive heatmap
• 7.6. Top player positioning, 2023

CHAPTER 8: COMPANY PROFILES

• 8.1. Baosteel Group Corporation
  • 8.1.1. Company overview
  • 8.1.2. Key executives
  • 8.1.3. Company snapshot
  • 8.1.4. Operating business segments
  • 8.1.5. Product portfolio
  • 8.1.6. Business performance
• 8.2. Aluminum Corporation of China Limited
  • 8.2.1. Company overview
  • 8.2.2. Key executives
  • 8.2.3. Company snapshot
  • 8.2.4. Operating business segments
  • 8.2.5. Product portfolio
  • 8.2.6. Business performance
• 8.3. Jindal Stainless Ltd
  • 8.3.1. Company overview
  • 8.3.2. Key executives
  • 8.3.3. Company snapshot
  • 8.3.4. Operating business segments
  • 8.3.5. Product portfolio
  • 8.3.6. Business performance
• 8.4. Rio Tinto Group.
  • 8.4.1. Company overview
  • 8.4.2. Key executives
  • 8.4.3. Company snapshot
  • 8.4.4. Operating business segments
  • 8.4.5. Product portfolio
  • 8.4.6. Business performance
• 8.5. RusAL
  • 8.5.1. Company overview
  • 8.5.2. Key executives
  • 8.5.3. Company snapshot
  • 8.5.4. Operating business segments
  • 8.5.5. Product portfolio
  • 8.5.6. Business performance
• 8.6. Nippon Steel Corporation
  • 8.6.1. Company overview
  • 8.6.2. Key executives
  • 8.6.3. Company snapshot
  • 8.6.4. Operating business segments
  • 8.6.5. Product portfolio
  • 8.6.6. Business performance
• 8.7. ArcelorMittal S.A
  • 8.7.1. Company overview
  • 8.7.2. Key executives
  • 8.7.3. Company snapshot
  • 8.7.4. Operating business segments
  • 8.7.5. Product portfolio
  • 8.7.6. Business performance
• 8.8. POSCO Holdings Inc.
  • 8.8.1. Company overview
  • 8.8.2. Key executives
  • 8.8.3. Company snapshot
  • 8.8.4. Operating business segments
  • 8.8.5. Product portfolio
  • 8.8.6. Business performance
• 8.9. Alcoa Corporation
  • 8.9.1. Company overview
  • 8.9.2. Key executives
  • 8.9.3. Company snapshot
  • 8.9.4. Operating business segments
  • 8.9.5. Product portfolio
  • 8.9.6. Business performance
  • 8.9.7. Key strategic moves and developments
• 8.10. Kobe Steel, Ltd.
  • 8.10.1. Company overview
  • 8.10.2. Key executives
  • 8.10.3. Company snapshot
  • 8.10.4. Operating business segments
  • 8.10.5. Product portfolio
  • 8.10.6. Business performance