Aluminum Alloys Market Share

Aluminum Alloys Market Share

Aluminum alloys industry competitive landscape is moderately fragmented with the top four manufacturing companies, namely

• United Company RUSAL Plc
• Rio Tinto Alcan
• Aluminum Corporation of China Ltd.
• Alcoa Inc.

accounting for more than a quarter of the global share in 2016. Other key industry players include

• Kobe Steel Ltd.
• Constellium
• Aleris International Inc.
• Aluminium Bahrain B.S.C.
• Dubai Aluminium Company Ltd.
• Norsk Hydro ASA
• Kaiser Aluminum Corporation

The aluminum alloys market ecosystem has a considerable amount of backward integration as major manufacturers try to secure the bauxite sources for product consistency. The companies also strengthen their market hold with continuous R&D effort for product development along with strategic acquisitions and mergers. For instance, Kaiser Aluminum acquired Alexco LLC in 2011 to expand their product portfolio for the aerospace sector.
  

Aluminum alloys Industry is highly dependent on the availability of bauxite ore for the extraction of aluminum. The market participants rely on a strong supply chain to maintain the continuous supply of the raw material as well as distribute the product to various end-user industries. Owing to a wide range of application, aluminum alloys industry demand will witness a noteworthy growth in the coming years.