GLOBAL ALUMINUM LITHIUM ALLOY MARKET
INTRODUCTION
Aluminum-lithium alloys have become more popular recently as aerospace makers have worked to optimize both performance and fuel efficiency. While the first and second generations of aluminum-lithium alloys have been investigated for more than 50 years, the third generation of these alloys has only lately gained extensive usage in the aerospace sector.
The many problems that first- and second-generation alloys have had in the past will be explored. The third generation of aluminum-lithium alloys was able to resolve many of the structural problems that plagued the first two generations through substantial research efforts.
This was achieved by improving compositional and processing controls as well as by having a deeper comprehension of important metallurgical ideas such precipitate characterisation.
GLOBAL ALUMINUM LITHIUM ALLOY MARKET SIZE AND FORECAST
The Global Aluminum Lithium Alloy Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
RECENT DEVELOPMENT
Commercial aluminum-lithium alloys are sought after for use in aerospace technology because of their good fatigue and cryogenic toughness capabilities, low density, high specific modulus, and superior fatigue properties.
Aluminum-lithium alloys’ improved fatigue fracture propagation resistance compared to conventional 2xxx and 7xxx alloys is essentially a result of the alloys’ high levels of crack tip shielding, meandering crack courses, and the ensuing roughness-induced crack closure.
The fact that these alloys get their excellent qualities from the aforementioned mechanisms, however, has certain repercussions for small fracture and variable-amplitude behavior.
Peak-strength aluminum-lithium alloys’ main drawbacks include increased fatigue cracking, lower ductility and fracture toughness in the short transverse direction, anisotropy of in-plane properties, and the need for cold work to reach peak values.
By incorporating lithium into aluminum-copper, aluminum-magnesium, and aluminum-copper-magnesium alloys, the development of commercially accessible aluminum-lithium-base alloys was begun.
These alloys were selected so that they could combine the precipitation-hardening properties of aluminum-copper, aluminum-copper-magnesium, and aluminum-magnesium-base precipitates with the hardening of precipitates containing lithium.
Alloys 2020 (Al-Cu-Li-Cd), 01429 (Al-Mg-Li), 2090 (Al-Cu-Li), 2091, and 8090 (Al-Cu-Mg-Li) emerged as a result of this process. Other commercial aluminum-lithium alloys include Weldalite 049 and CP276 in addition to these registered alloys.
COMPANY PROFILE
- Alcoa
- Rio Tinto Alcan
- Constellium
- KUMZ
- Aleris
- FMC
- Southwest Aluminum
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- How many Aluminum Lithium Alloy are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- Cost breakup of a Global Aluminum Lithium Alloy and key vendor selection criteria
- Where is the Aluminum Lithium Alloy manufactured? What is the average margin per unit?
- Market share of Global Aluminum Lithium Alloy market manufacturers and their upcoming products
- Cost advantage for OEMs who manufacture Global Aluminum Lithium Alloy in-house
- key predictions for next 5 years in Global Aluminum Lithium Alloy market
- Average B-2-B Aluminum Lithium Alloy market price in all segments
- Latest trends in Aluminum Lithium Alloy market, by every market segment
- The market size (both volume and value) of the Aluminum Lithium Alloy market in 2023-2030 and every year in between?
- Production breakup of Aluminum Lithium Alloy market, by suppliers and their OEM relationship
