A recent report published by Infinium Global Research on alloy
market provides in-depth analysis of segments and sub-segments in the global as
well as regional alloy market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional alloy market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of global alloy market. According to the
report, the global alloy market is projected to grow at a CAGR of 5.2% over the
forecast period of 2019-2025.
The emergence of automobile, transport, aerospace industries has
raises the demand for alloys for better structural stability and efficiency.
Alloys are metals composed of mixtures or solutions of metallic and nonmetallic
elements, where their specific properties can be understood from their atomic
structure, microstructures, and composition. A combination of such Owing to its
vast applications alloy is in great demand in various industries.
Rapidly expanding automobile industry is fuelling the alloy demand
in global the market. Different alloys used in the automobile industry plays an
important role in structural stability and contribute to decreasing the vehicle
weight that in turn is increasing the demand for alloys in the automobile
industry. Furthermore, the growing construction industry is also contributing
to the growth of the market. Alloys in the construction industry chosen for
their durability, strength and weather resistance capacity. The most common
metals used in the construction are carbon steel, aluminum, copper tubing and
stainless steel that can be used for several parts or structures depending upon
their particular qualities and ideal uses. On the other hand possibility of a
recession in the automobile industry in the near future can hamper the growth
of the market. However, demand from various sectors for different alloys will continue
to grow the market growth in the forecast period.
Geographically, the alloy market is segmented into North America,
Europe, Asia-Pacific, and RoW. The Asia-Pacific dominates the global alloy
market. Factors such as the growing automotive industry, the presence of
several alloy manufacturers and growing industrialization are contributing to
the growth of the Asia-Pacific alloy market. The growing steel industry in
China and India are majorly contributing to the growth of the Asia-Pacific alloy
market. Europe also holds a significant share in the market, followed by North
America owing to the large automotive sector in this region.
The report on global alloy market covers segments such as type and application. On the basis of type, the sub-markets include aluminum, steel,
magnesium, carbon, copper, and others. On the basis of application, the
sub-markets include automobile, construction, aerospace, and other
The report provides profiles of the companies in the market such
as Alcoa, ThyssenKrupp, Kobe Steel, AMG Advanced Metallurgical, Constellium,
Massey Ferguson, Novelis, ArcelorMittal, and Norsk Hydro.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings
an insight into the investment areas that existing or new market players can
consider. The report provides insights into the market using analytical tools
such as Porter's five forces analysis and DRO analysis of alloy market.
Moreover, the study highlights current market trends and provides forecast from
2019-2025. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.