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Metal Alloys Market Size
- Report ID: GMI5235
- Published Date: Dec 2024
- Report Format: PDF
Metal Alloys Market Size
The global metal alloys market was valued at USD 343.7 billion in 2024 and is estimated to grow at a CAGR of over 4.5% from 2025 to 2034.
Developments in additive manufacturing coupled with significant growth in flexible packaging are further offering new opportunities for product expansion. Metal alloys are metallic substances formed by fusing or mixing two metals, or a non-metal and metal, thereby obtaining a desirable characteristic including strength, hardness, lightness, etc. The unique combination of properties provided by metal alloys for a broad range of applications including transportation, construction, machinery, and packaging will support the metal alloys industry over the forecast timeframe.
Metal alloys including stainless steel and aluminum are widely used in several applications owing to their superior corrosion resistance, good thermal & electrical properties, strength, and other properties. The rising use of aluminum alloys in transportation along with the growth in industrialization in developing economies around the globe will drive market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Metal Alloys Market Size in 2024: | USD 343.7 Billion |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2025 to 2034 CAGR: | 4.5% |
| 2034 Value Projection: | USD 537.7 Billion |
| Historical Data for: | 2021 – 2024 |
| No. of Pages: | 310 |
| Tables, Charts & Figures: | 330 |
| Segments covered: | By Material, Process, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Metal Alloys Market Scope
