2017 Aluminum Alloy Plate is a type of rolled or forged plate produced using the 2017 aluminum alloy, which is primarily composed of aluminum, copper, and manganese. This alloy offers good machinability, moderate strength, and good corrosion resistance, making it ideal for various applications, particularly in the automotive and aerospace industries.
Moderate strength: The 2017 aluminum alloy is known for its moderate strength, making it suitable for applications requiring relatively high loads.
Good machinability: This alloy is easy to machine, enabling the fabrication of custom components with precision.
Corrosion resistance: 2017 Aluminum Alloy Plate exhibits good corrosion resistance, especially in mildly corrosive environments.
Weldability: This alloy has fair to poor weldability and is usually not the first choice for welded structures.
Due to its unique properties, 2017 Aluminum Alloy Plate is used in a variety of industries, including:
Aerospace: Aircraft structural components, fittings, and fasteners
Automotive: Engine components, transmission housing, and suspension systems
Electronics: Electronic device housings and heatsinks
Military: Armor plating for vehicles and other defense applications
Industrial: Machinery components and production equipment
With increasing industrial requirements for materials combining moderate strength and good machinability, the market demand for 2017 Aluminum Alloy Plate is expected to grow modestly. By 2023, the annual growth rate of demand is estimated to be around 4%.
2017 Aluminum Alloy Plate represents a small but significant portion of the aluminum alloy market, particularly in the aerospace and automotive sectors. In 2023, the market share of 2017 Aluminum Alloy Plate is projected to be around 5% of the overall aluminum alloy market.
The price of 2017 Aluminum Alloy Plate has experienced fluctuations due to factors such as currency exchange rates, raw material costs, and supply-demand dynamics. However, the overall trend points towards a steady increase, with the price predicted to rise by 2-4% per annum in the coming years.
Several suppliers are active in the 2017 Aluminum Alloy Plate market, including global producers and regional providers. Some of the key players in the market are:
Alcoa Corporation
Novelis
Norsk Hydro
Rio Tinto Alcan
Constellium
In conclusion, the 2017 Aluminum Alloy Plate market is experiencing modest growth, driven by increasing demand, a small but significant market share, and a stable price trend. The unique properties and versatile applications of the 2017 Aluminum Alloy Plate will support its continued presence in various industries in the upcoming years.