In the preparation of aluminum alloy, it is necessary to add one or more metallic or non-metallic elements to improve its performance. For low-melting alloying elements, such as magnesium, zinc, tin, lead, bismuth, cadmium, lithium, copper, etc., most of them are added directly. For alloying elements with high melting point, such as copper, manganese, titanium, chromium, nickel, iron, silicon, etc., aluminum alloy element additives can be used to add, that is, the refractory components to be added are made into powder in advance, and then mixed with additives according to the ratio, through bonding, pressing, sintering forming and other methods to make cake, which is added to the melt when melting the alloy to melt, and finally alloying is completed. Aluminum alloy element additives are crucial in the aluminum alloy industry, which is mainly used in the middle stream of the aluminum alloy industry, and its 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 data, the global aluminum consumption in 2021-2029 will increase from 64200kt in 2021 to 78400kt in 2029.
2, aluminum alloy element additives market overview
Aluminum alloy element additives are mainly used for the production of deformed aluminum alloy, according to Statista data, the world deformed aluminum alloy in 2020, that is, rolled aluminum and extruded aluminum, the total amount is about 55700kt, and the global primary aluminum production in 2020 is 65325kt, it can be calculated that the deformed aluminum alloy accounts for about 85.26% of the primary aluminum production; In 2021, the global primary aluminum production is 67,343kt, and the total output of deformed aluminum alloy in 2021, that is, rolled aluminum and extruded aluminum, is about 57,420kt.
According to the proportion of added elements in deformed aluminum alloy in the national industry standard "Deformed aluminum and aluminum alloy Chemical composition", the global demand for aluminum alloy element additives in 2021 is about 600-700kt. According to Statista's forecast growth rate of 5.5% in the global primary aluminum market in 2022-2027, it is expected that the demand for aluminum alloy element additives will reach 926.3kt in 2027. The global aluminum alloy element additives market forecast for 2023-2027 is as follows:
