Aluminum alloy element additives are essential materials for advanced alloy manufacturing and belong to new functional metal materials. Aluminum alloy element additives are mainly composed of element powder and additives, and their purpose is to add one or more other elements during the preparation of aluminum alloys to improve their performance.
When preparing aluminum alloy, it is necessary to add one or more metal or non-metal elements to improve its performance. For low melting point alloy elements such as magnesium, zinc, tin, lead, bismuth, cadmium, lithium, copper, etc., they are mostly added directly. For high melting point alloy elements such as copper, manganese, titanium, chromium, nickel, iron, silicon, etc., aluminum alloy element additives can be used. The added refractory components are made into powder in advance, mixed with additives in proportion, and then made into blocks by bonding, pressing, sintering and other methods. When the alloy is molten, it is added to the melt to complete the alloying process. Aluminum alloy element additives play an important role in the aluminum alloy industry and are mainly used in the midstream of the aluminum alloy industry. The terminal demand industry and demand are basically consistent with the demand of the aluminum alloy industry.
1. Global Aluminum Consumption and Forecast According to Statista, global aluminum consumption will increase from 64,200 carats in 2021 to 78,400 carats in 2029.
2. Market overview of aluminum alloy element additives Aluminum alloy element additives are mainly used in the production of deformed aluminum alloys. According to Statista, the total amount of wrought aluminum alloys, including rolled and extruded aluminum, was about 55,700 carats in 2020, and global primary aluminum production was 65,325 carats. It can be calculated that the deformed aluminum alloy accounts for about 85.26% of the primary aluminum output. In 2021, the global primary aluminum production is 67343kt, and the total production of deformed aluminum alloys including rolled aluminum and extruded aluminum is about 57420kt.
According to the national industry standard "Chemical Composition of Deformed Aluminum and Aluminum Alloys", the percentage of added elements in deformed aluminum alloys is calculated. In 2021, the global demand for aluminum alloy element additives is about 600-700 carats. According to Statista's forecast for the 5.5% growth rate of the global primary aluminum market from 2022 to 2027, it is estimated that the demand for aluminum alloy element additives will reach 926.3kt in 2027. The global aluminum alloy element additive market forecast from 2023 to 2027 is as follows:
Post time: Mar-09-2023