Aluminum Alloys Market: Recycling amidst Raw Material Price Volatility to Present Opportunities, reports TMR

The global aluminum alloys market is moderately fragmented with the top eight players holding 44.6% of the market share in 2013. These players are Aluminum Corporation of China Ltd., United Company RUSAL Plc, Rio Tinto Alcan, Alcoa Inc., Aluminium Bahrain B.S.C, Constellium, Norsk Hydro ASA, and Aleris International Inc. Players in the market are integrating backwards to ensure their supply of raw materials, especially aluminum, says a new report by Transparency Market Research (TMR). The global aluminum alloys market is marked by new product developments and strategic agreements of manufacturers with end-user industries. Companies are also undertaking merger and acquisition activities. Players are increasingly investing in research and development activities. The threat of new entrants is expected to rise from low to medium and the threat from substitutes will remain low.

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According to the report, the global aluminum alloys market is expected to be worth US$126,500.8 mn by 2020. On the basis of end user, the transportation segment is expected to account for 46.8% of the market by 2020. Aluminum has light-weight, yet high strength and thus, high demand exists from aircraft and automotive industries, which is driving the demand for aluminum alloys from the transportation segment. The trend of light-weight vehicles is also supporting the aluminum alloys market. By geography, Asia Pacific will continue to lead. The region is anticipated to hold 65% of the market by 2020. The rise in construction activities and infrastructure development in the emerging nations of Asia Pacific is behind the region’s high growth in the aluminum market.

Growing Transportation Industry Driving Aluminum Alloys Market towards Development

The transportation industry is one of the key consumers of aluminum alloys market. The transportation industry is flourishing on account of rapid industrialization and growing need to have superior means of commuting. In addition to this, the increasing trade between developed and developing nations will also drive the transportation industry, which in turn will create a heightened demand for aluminum alloys. A high growth in the demand for automobiles, especially in Asia Pacific will also boost the demand for aluminum alloys. Furthermore, the demand for light–weight vehicles is increasing with the need to curb emissions and optimal fuel usage. As aluminum is light weight, the demand for aluminum alloys for the development of light-weight vehicles will help push the market through 2020. The trend of light-weight automotive is also influencing the aerospace and marine industries and this will propel the demand for aluminum alloys.

Fluctuating Raw Material Prices to Hamper Global Aluminum Alloys Market

The price of aluminum alloys is largely dependent on the price of aluminum. The cost of aluminum is fluctuates and with it, the cost of its alloys. In addition to this, price fluctuation of alloying elements such as zinc, copper, magnesium, and copper is also impacting the global aluminum alloys market. Another key factor hampering the demand and price of aluminum alloys is the declining of the end user industries. Moreover, the availability of recycled aluminum along with the existing production capacities of several companies affect the price of aluminum. On the other hand, the issue of fluctuating costs of raw materials and irregularity in supply can be addressed through recycling of aluminum alloys. “Owing to advantages associated with recycling of aluminum alloys, manufacturers are likely to shift towards recycling in the coming years,” says a TMR analyst.

This information is based on the findings of a report published by Transparency Market Research titled “Aluminum Alloys Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”

The global aluminum alloys market is segmented as follows:

Aluminum Alloys Market - End-user Analysis

• Transportation
• Construction
• Packaging
• Machinery
• Electrical
• Others (including sporting goods)

Aluminum Alloys Market - Regional Analysis

• North America
• Europe
• Asia Pacific
• RoW (South America, Africa and the Middle East)

Metal Recycling Market - Global Industry Share, Growth,Forecast 2016 – 2024

Global Metal Recycling Market: Description

Metal recycling is the process of collecting scrap metal and redirecting it to a useful application. This helps reduce the amount of metal extracted from the earth, thus reducing mining activities and eliminating the various harmful effects it has on the environment. Since metals are an exhaustible resource, metal recycling has gained demand as a feasible method of reducing the need for new extraction. The increasing demand for various kinds of metals all around the world, due in large part to the rampant growth of urban infrastructure in developing economies, has played a major part in driving the metal recycling market.

The report on the global metal recycling market answers key questions about the global metal recycling market, shedding light on all aspects of the market to provide a complete coverage. The competitive dynamics of the global metal recycling market, its key segments, and the major trends observed in it are elucidated in the report, along with an analysis of the major driving and restraining factors acting on the market.

Global Metal Recycling Market: Drivers and Restraints

The major driver for the global metal recycling market is the rapid growth of various end users of metal products. The automotive industry and the construction industry are both experiencing booming sales figures at present, with the increasing spending power of consumers in developing economies helping these industries add to the steady demand they enjoy in developed regions. Asia Pacific, in particular, has witnessed urbanization at a rapid rate and on a massive scale, with countries such as China, India, and South Korea going all out to catch up with the leaders of the global economy. This is a major factor driving the global metal recycling market and is expected to remain influential in the years to come.

The electronics industry is also experiencing an unprecedented growth curve, with sales of smartphones and other consumer electronics exhibiting record figures in several countries across the world. Various metals are used in electronics due to their high endurance and mechanical strength and high electrical conductivity. As a result, the electronics industry has also emerged as a significant patron of the global metal recycling market.

The rapid industrialization observed in Asia Pacific, Latin America, the Middle East, and developed parts of Africa has also helped boost the demand for recycled metals. As the developing countries in these regions experience industrialization on a large scale, the demand for advanced urban infrastructure will also rise in the coming years, propelling the global metal recycling market.

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Global Metal Recycling Market: Segmentation

The major types of metals recycled for further usage are ferrous metals and non-ferrous metals. Of these, ferrous metals, such as iron and steel, dominate the global market for metal recycling. Ferrous metals are popular in construction and manufacturing applications in various industries due to their high endurance and mechanical strength. In fact, steel scrap has already become a major source of steel for the global steel industry.

Geographically, North America and Europe dominated the global metal recycling market in 2015. Widespread distribution of urban infrastructure, the early adoption and increasing usage of consumer electronics, and supportive government regulations to promote recycling have been the major drivers for the metal recycling market in the region.

Major companies in the global metal recycling market include ArcelorMittal, Commercial Metals Company, Nucor Corporation, Aurubis AG, and Sims Metal Management Limited.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

High Performance Alloys Market is Expected to Reach US$9.09 billion by 2020

Transparency Market Research’s new market report, titled ‘High Performance Alloys Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020’, provides a detailed description of the high performance alloys market in terms of revenue (US$ million) and volume share (kilo tons) for the forecast period 2014-2020. According to the analysis stated in the report, the global high performance alloys market is expected to rise and reach US$9.09 billion by 2020, from a value of US$6.82 billion in 2013. The report analyzes the market with respect to various segments along with the growth opportunities expected in the next six years. In terms of volume, the market stood at 1,110.7 kilo tons in 2013. Overall, the market is expanding at a steady CAGR of 4.2% during the forecast period from 2014 to 2020.

High performance alloys are metal alloys that provide good surface stability and corrosion resistance and are specifically deigned to perform under intense conditions such as elevated pressures and temperatures. Due to their ability to retain most of their strength despite prolonged exposure, these components are ideal for a wide range of industrial applications. Some of the typical applications of high performance alloys include the industrial gas turbines sector (IGTs) and the aerospace industry. The power industries and aerospace influence the growth of this market. Due to their excellent mechanical strength and creep resistance to high temperatures, the use of high performance alloys is substantially high in these fields.

According to an analyst’s study at TMR, around 60% of an aircraft is equipped with high performance alloys. Aerospace was the largest application segment of the market, accounting for 56.9% of the total high performance alloys market in 2013. By 2020, tremendous demand for high performance alloys is likely to be observed from the aerospace industry.Similarly, rising demand for high performance alloys will also be seen in power generation applications, as gas turbines require premium materials that can withstand elevated temperatures. Some of the other applications that high performance alloys find their use in are oil and gas rail engineering, automotive, electronics, military, marine, and others.

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Within the key products of the high performance alloys market, the study enlists nonferrous alloys, refractory alloys, platinum group metal alloys, and superalloys as the main segments of this market. Of all, the nonferrous alloys, including aluminum and titanium, accounted for 51% of the total market in 2013. Nonferrous alloys exhibit favorable mechanical properties for industrial use. The demand for these alloys is expected to increase in the next few years due to the rising demand for titanium materials in the aerospace industry. Nonferrous alloys were the largest product segment in 2013, followed by superalloys.

In terms of regional demand, North America was dominant in the high performance alloys market in 2013. However, increasing demand for high performance alloys from the automotive industry in Europe is also boosting the growth of this market. Asia Pacific and the Middle East are the next fastest growing regions anticipated to offer higher opportunities for the global high performance alloys market in the near future, reports TMR.

High Performance Alloys Market – Product Segment Analysis

• Non-ferrous alloys
• Platinum group metal alloys
• Refractory metal alloys
• Superalloys

High Performance Alloys – Application Analysis

• Aerospace
• Industrial gas turbines
• Industrial
• Automotives
• Oil & gas
• Electronics & electrical
• Others (Medical, chemical, etc)

High Performance Alloys – Regional Analysis

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

Global Medical Ceramics Market to Expand at 3.50% CAGR from 2012 to 2018

The growing demand for ceramics in artificial implant technology has boosted the global medical ceramics market. The report estimates the global medical ceramics market to grow at a CAGR of 3.5% during the period between 2012 and 2018. The report also calculates the estimated valuation of the overall market during the forecast period. Providing a brief overview of the medical ceramics market, the report points out the key driving factors, restraints, opportunities, and trends shaping up the market.

The report presents an in-depth study of the medical ceramics market by compiling crucial data related to the use of medical ceramics across various medical applications as well as the type of ceramic material used in the applications. The report further studies the global medical ceramics market in the key geographical segments and analyses the impact of various macro- and micro-economic factors on the medical ceramics market in these regions.

Overview of Global Medical Ceramics Market

Medical ceramics or bioceramics are preferred in the medical field due to their biocompatibility. They are used in surgical implants, prosthetics, and various medical tools and devices. Medical ceramics have been approved by various regulatory authorities such as the U.S. Food and Drug Administration (FDA).The nontoxicity and high mechanical strength of medical ceramics with minimal or no tissue reaction is expected to boost the demand from the global medical ceramics market.

Though medical ceramics are nontoxic, very small traces of radioelements can be found in even fully refined ceramics, which can have a negative impact on organs and tissues. This may hamper the growth of the global medical ceramics market in the near future. The latest products of medical ceramics are electronic implantable ceramic sensors, which are expected to open new opportunities for the overall market.

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The report studies the various types of ceramic materials used in medical applications. Zirconia, aluminum oxide ceramics, zirconia alumina, and other ceramics are commonly used as bioceramics. Zirconia displays extremely high strength and is stronger than alumina. Hence, it is used in devices that generate sufficient wear, such as femoral balls in hip replacements.

The report segments the global medical ceramics market on the basis of application areas such as dental, orthopedic, implantable electronic devices, surgical and diagnostic instruments, and other therapeutic applications. The usage of medical ceramics in dental and orthopedic applications has been extensive. Orthodontic ceramic braces are as effective as metal braces, but are nearly invisible, making it a more attractive cosmetic option for the wearer. Ceramic implants are widely used to reconstruct arthritic or fractured joints in knee, hip, and shoulder.

The report studies the global medical ceramics market in four key regions: Asia Pacific, Europe, North America, and Rest of the World.

Companies mentioned in the research report:

The report profiles the key players operating in the global medical ceramics market such as Advanced Cerametrics Inc., 3M ESPE, Advanced Ceramics Research, Inc., Advanced Monolythic Ceramics, Inc., Advanced Industrial Ceramics, APC International Ltd, and AVX Corporation. The report analyzes the market share held by each player. The financial overview, product portfolio, and business strategies of the players have been mentioned in the report.

Global Rare Earth Metals Market to Expand at 13.0% CAGR between 2012 and 2018

In a recent market research study about the global rare earth metals market for , Transparency Market Research (TMR) states that the market will tread along an impressive growth path over the period between 2012 and 2018 and expand at a 13.0% CAGR. If the growth figures hold true, the market, which had a valuation of US$3.9 bn in 2012, will reach US$8.2 bn by 2018. In terms of volume, the market is expected to rise to a valuation of 290 kilo tons by 2018.The report is titled “Rare Earth Metals Market - Global Industry Analysis, Applications Size, Share, Growth, Trends and Forecast, 2012 - 2018” and is available at the company website for sale.

Rare earth metals are used on a large scale in everyday devices such as DVDs, automotive catalytic converters, fluorescent lighting, cell phones, rechargeable batteries, magnets, etc.The booming market for mobile devices has led to an increased demand for rechargeable batteries in the past few years. As a result, the demand for rare earth metals, which find great use in recyclable power backups, has also been on a constant rise in the past few years. The rising demand for clean energy and actions taken by environmentalists and government agencies for promoting the increased use of clean energy techniques are other key factors driving the rare earth metals market. However, the market is also expected to be restrained to a certain extent over the report’s forecast period owing to price fluctuations and the dominance of China in the global market.

The report segments the market on the basis of three criteria: type, application, and geography. Of the key rare earth metal types studied in the report, the market segment of cerium oxide held the largest share in the global market, an estimated 40%, in 2013. This can be credited to the vast set of applications of cerium oxide across a number of end-use industries. Demand for lanthanum oxide followed that for cerium oxide and held a 23.8% share in the market. Lanthanum oxide also finds application in a wide range of industries such as electronics, green technology, construction, and automotive. However, it is the segment of scandium that earned the market the largest revenue in 2013.

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On the basis of application, the report segments the market into magnets, catalyst, ceramics, metallurgy, polishing, glass, and phosphors. Of these, the market segment of magnets is the dominant segment.The report segments the global market into Asia Pacific, North America, Europe, and Rest of the World on the basis of geography. The report also gives the market for rare earth metals in China special attention, as China accounts for as much as 95% of the total global production of rare earth metals.

Some of the key companies operating in the global rare earth metals market are Arafura Resources, Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co, Avalon Rare Metals, Alkane Resources, Rare Elements Resources Ltd, Great Western Minerals Group, Greenland Rare Earth and Energy Ltd, Indian Rare Earths, China Rare Earth Holdings, Lynas Corporation Ltd., Chinalco Yunnan Copper Resources Ltd., and Molycorp.

The market is segmented as:

Rare Earth Metals Market By Type:

• Lanthanum
• Praseodymium
• Cerium
• Neodymium
• Samarium
• Promethium
• Europium
• Dysprosium
• Holmium
• Gadolinium
• Terbium
• Thulium
• Scandium
• Yttrium
• Erbium
• Ytterbium
• Lutetium

Rare Earth Metals Market By Application:

• Magnets
• Catalyst
• Metallurgy
• Ceramics
• Phosphors
• Glass
• Polishing

Rare earth Metals Market By Geography:

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

Automotive Applications Gain Dominant Market Share in Asia Pacific, Inorganic Metal Finishing Market to Register 6.20% CAGR by 2020

A new Transparency Market Research report states that the global inorganic metal finishing market stood at US$54.7 bn in 2013 and is predicted to reach US$83.3 bn by 2020. The market will expand at a 6.20% CAGR between 2014 and 2020. The title of the report is “Inorganic Metal Finishing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”

As per the report, factors such as rapid development of the steel and automotive industries, resulting in an increased demand for inorganic metal finished components, is fuelling the inorganic metal finishing market. In addition, rise in industrial activities within the aerospace sector and heavy industries is also amongst the major factors stimulating the inorganic metal finishing market. On the other hand, factors such as stringent regulations imposed by the EPA and REACH on chromium emissions during a number of metal finishing processes including electroplating are predicted to be a key challenge for the market players, hence imposing a negative effect on the growth of the market.

On the basis of technology, the market is segmented into cladding, anodizing, conversion coatings, electroplating, galvanizing, and others including electro polishing, etc. Amongst these, electroplating is majorly utilized for depositing metal finishing on automotive components. The electroplating segment was the biggest technology segment and represented 35% of the market.

On the basis of product, the market is segmented into inorganic metal finishing technology, pre-treatment/surface preparation, and consumables and spares. Amongst these, inorganic metal finishing technology is broadly utilized in numerous industrial as well as electrical and electronic applications owing to a number of benefits associated with the usage of this technology. Properties including high durability and good corrosion resistance are the major driving factors increasing the demand for inorganic metal finishing technology.

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On the basis of application, the inorganic metal finishing market is segmented into electrical and electronics, automotive, industrial, and others including defense and hardware. Amongst these, on the basis of revenue, the automotive application segment held the biggest share, of more than 50%, in the market in 2013. The industrial application segment followed the automotive segment and stood as the second-biggest application segment in the market, trailed by the segment of electrical and electronic and others such as defense and hardware.

On the basis of geography, the market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, in 2013, Asia pacific emerged as the biggest market for inorganic metal finishing, trailed by North America and Europe. Asia Pacific represented a share of approximately 35% in the market and is predicted to be the most swiftly developing region on the basis of consumption of inorganic metal finishing technologies. North America also has a strong hold in the inorganic metal finishing market and is predicted to rise at a 5.90 % CAGR on the basis of revenue from 2014 to 2020.

The prime players operating in the market include Metal Finishing Technologies LLC, Abakan Inc., Sequa Corporation, Elementis plc, Rockwood Holdings Inc., Atotech Deutschland GmbH, Industrial Metal Finishing, and Honeywell International Inc., among others.

Tin Market to Reach US$7.29 bn by 2023, Prospective Applications in Solar Energy Sector Could Impel Growth

Tin is a silvery-white soft metal that is malleable, ductile, and light in weight. Tin is primarily used in combination with other metals to manufacture alloys. Self-governing tin miners work in various small groups to collect tin ore to supply them to the local merchants. The increasing demand for soldering equipment and soldering alloys is expected to propel the global tin market in the coming few years.

Soldering Segment Accounts for 50% of Global Tin Market in 2014

The global tin market is segmented on the basis of geography and application. By application, the global tin market is classified into soldering, chemicals, tin plating, glass, chemicals, brass and bronze, and others. The others segment is sub-segmented into lithium-ion batteries, solar cells, and ammunition. In 2014, in terms of volume, the soldering segment dominated the global tin market, accounting for more than 50%.

Tin is highly ductile and malleable and is thus capable of being transformed into very thin sheets. It is unaffected by water and oxygen at room temperatures and does not rust or corrode easily. Thus, tin is used as a coating material, as a protection to other metals. Increasing demand from the food packaging industry and the expansion of the consumer electronics industry are predicted to boost the global tin market during the period between 2015 and 2023. The potential application of tin in the solar energy industry is further predicted to create new growth opportunities in the global tin market in the years to come.

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Asia Pacific Accounts for 65% of Global Tin Market in 2014

By geography, the global tin market is divided into Asia Pacific, Latin America, Europe, the Middle East and Africa, and North America. At present, Peru, China, and Indonesia are the leading producers of tin in the global tin market. The production of tin is highly concentrated in emerging countries in Asia Pacific and Latin America. In 2014, in terms of volume, Asia Pacific held a dominant share of 65% in the global tin market. The electronics market in Asia Pacific is expected to register considerable growth in the years to come, thus propelling the global tin market.

Increasing prices of tin due to fading production from exhausting mines are predicted to hamper the growth of the global tin market in the next few years. Further, the entry of new companies is expected to make the global tin market highly competitive in the years to come. Currently, leading players from across the globe are working closely with consumers to manufacture products as per their needs and specifications. Some of the leading participants in the global tin market are Yunnan Tin Group Company Limited, Yunnan Chengfeng Non-ferrous Metals Co., Ltd., Malaysia Smelting Corporation, Thailand Smelting and Refining Co., Ltd. (Thaisarco), Guangxi China Tin Group, PT Timah (Persero) Tbk, and Empresa Metalúrgica Vinto S.A. Prominent players in the global tin market are aiming to achieve economy of scale to expand their share in the global tin market.