Market Forecast By Process (Die Casting, Sand Casting, Permanent Mold Casting), By End-use (Transportation sector, Building & Construction sector, Industrial sector, Others), And Competitive Landscape
|Product Code: ETC249242||Publication Date: Mar 2023||Updated Date: Nov 2023||Product Type: Market Research Report|
|Publisher: 6Wresearch||No. of Pages: 75||No. of Figures: 35||No. of Tables: 20|
Brazil Aluminum Alloys Market registered a decline of -49.71% in value shipments in 2022 as compared to 2021 and an increase of 22.54% CAGR in 2022 over a period of 2017. In Aluminum Alloys Market Brazil is becoming less competitive as HHI index in 2022 was 1467 while in 2017 it was 1261. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Brazil has reportedly relied more on domestic production to meet its growing demand in Aluminum Alloys Market. Brazil is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Aluminum Alloys Market in 2022 was 0.97 while in 2017 it was 10.49. Argentina, Bahrain, United Arab Emirates (UAE), Spain and India were among the top players of the market in 2022, where Argentina acquired the largest market share of 21.03% with a shipment value of 47.68 million USD in 2022 Argentina also offered the product below the average market price thus having a competitive advantage over others In 2017 Argentina had the largest market share of 27.46% with the shipment value of 36.56 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Argentina offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Brazil Aluminum Alloys Market in 2017.
The Brazil Aluminum Alloys Market is expected to experience significant growth during the forecast period and the market is primarily driven by rising demand for aluminium alloys from many end-use industries which include aerospace, automotive, packaging, and construction.
According to 6Wresearch, the Brazil Aluminum Alloys Market size is anticipated to grow at a higher growth rate during 2023-2029. The sector is significantly growing owing to the rising demand for aluminum alloy from a number of industries which are aerospace, automotive, packaging, and construction. The market is amongst the most crucial markets in the country and it is ready to gain more growth in the near future owing to the essential role it plays.
The country is amongst the leading producers as well as exporters of primary aluminum in the globe, that provides strong foundation for aluminum alloys sector in the nation. In the country, automotive sector is the leading consumer of aluminum alloys, which is stimulating the Brazil Aluminum Alloys Market Growth. Construction sector is another key end user of aluminum alloys with its use in doors, windows, facades as well as structural components. The aerospace industry also contributes to the growth of the market in the nation. With the nation’s rising aerospace sector, there is a rise in demand for alloys with high-performance.
The sector in the nation is also facing some challenges which include rising competition, regulatory compliance and fluctuating raw material costs. Despite all these challenges, the sector is projected to continue rising in the future as it is driven by a number of end-use sectors. The Brazil Aluminum Alloys Market Share is growing despite the challenges it is facing.
The coronavirus pandemic was the challenging time for industries across the world and Brazil Aluminum Market affected significantly by the pandemic. Slowdown in automotive as well as construction industries was the key factors affected the Brazil Aluminum Alloys Market Share during the pandemic. Travel restriction as well as lockdown measures led to disruption in the production of automobiles and construction activities. In addition, the disruption in supply chain resulted in a lack of raw materials as well as transportation difficulties, which affected the aluminum alloy production in the country. The closure of smelters, manufacturing plants and mines also contributed to the reduction in production. The disruption in production and demand also affected the prices of aliminum alloys in the nation.
On the basis of process, the Aluminum Alloys Market in Brazil is divided into Die Casting, Sand Casting, and Permanent Mold Casting. All these segments are projected to dominate the sector in the near future.
On the basis of end-use, the Brazil Aluminum Alloys Industry is divided into Transportation Sector, Building & Construction Sector, Industrial Sector, and Others. The transportation sector dominated the market and it will continue dominating it in the future.
The report offers a comprehensive study of the subsequent market segments:
|1 Executive Summary|
|2.1 Key Highlights of the Report|
|2.2 Report Description|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3 Brazil Aluminum Alloys Market Overview|
|3.1 Brazil Country Macro Economic Indicators|
|3.2 Brazil Aluminum Alloys Market Revenues & Volume, 2022 & 2029F|
|3.3 Brazil Aluminum Alloys Market - Industry Life Cycle|
|3.4 Brazil Aluminum Alloys Market - Porter's Five Forces|
|3.5 Brazil Aluminum Alloys Market Revenues & Volume Share, By Process, 2022 & 2029F|
|3.6 Brazil Aluminum Alloys Market Revenues & Volume Share, By End-use, 2022 & 2029F|
|4 Brazil Aluminum Alloys Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5 Brazil Aluminum Alloys Market Trends|
|6 Brazil Aluminum Alloys Market, By Types|
|6.1 Brazil Aluminum Alloys Market, By Process|
|6.1.1 Overview and Analysis|
|6.1.2 Brazil Aluminum Alloys Market Revenues & Volume, By Process, 2019 - 2029F|
|6.1.3 Brazil Aluminum Alloys Market Revenues & Volume, By Die Casting, 2019 - 2029F|
|6.1.4 Brazil Aluminum Alloys Market Revenues & Volume, By Sand Casting, 2019 - 2029F|
|6.1.5 Brazil Aluminum Alloys Market Revenues & Volume, By Permanent Mold Casting, 2019 - 2029F|
|6.2 Brazil Aluminum Alloys Market, By End-use|
|6.2.1 Overview and Analysis|
|6.2.2 Brazil Aluminum Alloys Market Revenues & Volume, By Transportation sector, 2019 - 2029F|
|6.2.3 Brazil Aluminum Alloys Market Revenues & Volume, By Building & Construction sector, 2019 - 2029F|
|6.2.4 Brazil Aluminum Alloys Market Revenues & Volume, By Industrial sector, 2019 - 2029F|
|6.2.5 Brazil Aluminum Alloys Market Revenues & Volume, By Others, 2019 - 2029F|
|7 Brazil Aluminum Alloys Market Import-Export Trade Statistics|
|7.1 Brazil Aluminum Alloys Market Export to Major Countries|
|7.2 Brazil Aluminum Alloys Market Imports from Major Countries|
|8 Brazil Aluminum Alloys Market Key Performance Indicators|
|9 Brazil Aluminum Alloys Market - Opportunity Assessment|
|9.1 Brazil Aluminum Alloys Market Opportunity Assessment, By Process, 2022 & 2029F|
|9.2 Brazil Aluminum Alloys Market Opportunity Assessment, By End-use, 2022 & 2029F|
|10 Brazil Aluminum Alloys Market - Competitive Landscape|
|10.1 Brazil Aluminum Alloys Market Revenue Share, By Companies, 2022|
|10.2 Brazil Aluminum Alloys Market Competitive Benchmarking, By Operating and Technical Parameters|
|11 Company Profiles|