Global Aluminum Rolled Products Market – Industry Trends and Forecast to 2030

Aluminum Rolled Products Market Analysis and Size

The essential factors contributing to the growth of global aluminum rolled products market in the forecast period of 2023 to 2030 include technological advancements in aluminum manufacturing technologies and processing equipment and high utilization of aluminum in various industries such as building and construction and foil and packaging. The rise in the demand for these products in the packaging and automotive industries, the consumption of aluminum flat-rolled products in the packaging sector due to the growing use of flexible foil-based packaging in the food and beverage industry and the increasing popularity of aluminum foils in medical packaging accelerate the aluminum rolled products market growth.

Data Bridge Market Research analyses that the global aluminum rolled products market which was USD 50.4 billion in 2022, is expected to reach USD 85.6 billion by 2030, growing at a CAGR of 6.5% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Aluminum Rolled Products Market Scope and Segmentation

Market Definition

Aluminum rolled products are known to be the products that are flat-rolled using cold rolling and hot rolling processes including coils, sheets, and plates. These products are extensively utilized in the automotive, transportation, building, and construction sectors. 6xxx grade is the most commonly used grade in the automotive and transportation segment.

Global Aluminum Rolled Products Market Dynamics

Drivers

• Rising Applications in the Packaging Industry

Aluminum rolled products are used in the packaging industry for beverage cans, food containers, and other packaging applications. The increasing demand for convenient and sustainable packaging solutions, coupled with the recyclability of aluminum, drives the growth of aluminum rolled products in the packaging sector.

• Growing Demand in the Automotive Industry

The automotive industry extensively uses aluminum rolled products due to their lightweight, high-strength, and corrosion-resistant properties. With the increasing focus on fuel efficiency and emission reduction, the demand for aluminum rolled products in automotive applications such as body panels, hoods, doors, and structural components is expected to rise.

Opportunity

• Expansion of the Aerospace and Aviation Industry

The aerospace and aviation industry requires lightweight and high-strength materials for aircraft manufacturing. Aluminum rolled products offer excellent properties for aerospace applications, including aircraft bodies, wings, and structural components. The growth of the aerospace industry, driven by increasing air travel and demand for new aircraft, contributes to the demand for aluminium-rolled products.

Restraint/Challenge

• Volatility in Raw Material Prices

The cost of aluminum, which is the primary raw material for producing aluminum rolled products, can be subject to price fluctuations. Variations in raw material prices can affect the overall production costs and profitability of manufacturers, making it challenging to maintain stable pricing in the market.

This global aluminum rolled products market Report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the conducting polymers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In December 2018, Arconic reached an agreement to sell its Texarkana, Texas rolling mill to Ta Chen International, Inc., which is a U.S. subsidiary of aluminum and stainless steel distributor Ta Chen Stainless Pipe Co., Ltd. Under the terms of the transaction, Arconic sold Texarkana for approximately USD 300 million in cash, plus additional contingent consideration of up to USD 50 million

Global Aluminum Rolled Products Market Scope

The global aluminum rolled products market is segmented on the basis of grade and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Grade

• 1xxx Series
• 1050
• Others
• 3xxx Series
• 3003
• Others
• 5xxx Series
• 5005
• Others
• 6xxx Series

End Use

• Transportation
• Automotive
• Aerospace
• Train
• Ship building
• Building and Infrastructure
• Building Facades
• Doors and Windows
• Packaging
• Consumer Durables
• Others

Global Aluminum Rolled Products Market Regional Analysis/Insights

The aluminum rolled products market is analyzed and market size insights and trends are provided by country, grade and end use as referenced above.

The countries covered in the aluminum rolled products market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

The dominance of Asia-Pacific in the aluminum rolled products market in the forecast period 2023-2030 can be attributed to the increasing spending of individuals, changing lifestyle and the expansion of building and construction industry.

North America on the other hand, is estimated to show lucrative growth over the forecast period of 2023-2030, owing to the increasing demand for aluminum in the automotive industry, the implementation of stringent environmental regulations pertaining to the carbon emissions from automobiles and demand for lightweight materials in the automotive industry.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Aluminum Rolled Products Market Share Analysis

The global aluminum rolled products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to conducting polymers market.

Some of the major players operating in the aluminum rolled products market are:

• Alcoa – Headquarters (U.S.)
• Novelis Aluminum (U.S.)
• Arconic (U.S.)
• Constellium (France)
• UACJ Corporation (Japan)
• Norsk Hydro ASA (Norway)
• Gränges (Sweden)
• Aluminium Corp (China)
• CHINA HONGQIAO GROUP LIMITED (China)
• SHANDONG XINFA HUAXIN ALUMINUM CO. LTD. (China)
• HAI PHONG ALUMINUM ENAMEL FACTORY (Vietnam)
• Kobe Steel, Ltd. (Japan)
• Hulamin (South Africa)
• Kaiser Aluminum (U.S.)
• AMAG Austria Metall AG (Austria)
• Viohalco (Belgium)
• Toyo Aluminium Ekco Products Co., Ltd. (Japan)

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