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 applications.
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.
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