Secondary Aluminum Alloy Market Segmentation:
End-User Segment Analysis
By the end of 2035, the automotive & transportation segment in the secondary aluminum alloy market is estimated to gain the largest revenue share. The use of aluminum instead of steel improves passenger and commercial vehicle performance, fuel efficiency, safety, and durability while also providing several environmental advantages. Cast secondary aluminum alloy is used to make seats, gearboxes, cylinder heads, auxiliary equipment, pistons, and engine blocks. Wrought secondary aluminum alloys are utilized in truck trailers, railways, and automotive bodywork. Furthermore, increased demand for EVs is predicted to drive market development, since EVs' low weight requirements would necessitate a higher amount of plastics and aluminum in them than conventional fuel cars.
Strength Segment Analysis
Secondary aluminum alloy market from the high-strength aluminum alloys segment is expected to grow at the fastest CAGR of 5.4%. The growth is attributed to its strong penetration in the automotive and transportation industries, as well as Asia Pacific's fast-rising automotive market. The need for goods with high tensile strength, corrosion resistance, minimal maintenance, recyclability, and extended shelf lives in various end-use sectors is the key factor driving the expansion of the high-strength aluminum alloy segment.
Our in-depth analysis of the global secondary aluminum alloy market includes the following segments:
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