Global Aluminum Flat-Rolled Products Market, By Product Type (Plates, Sheets, Standard GEQ, Circles, Foil Stock, Can Stock, Fin Stock), End-Use Industry (Building & Construction, Automotive & Transportation, Consumer Goods, Electrical & Electronics, Industrial, Packaging), Grade (1xxx, 3xxx, 5xxx and 6xxx), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Aluminum Flat-Rolled Products Market
Data Bridge Market Research analyses that the aluminum flat-rolled products market will witness a CAGR of 6.8% for the forecast period of 2021-2028 and is likely to reach at USD 68,672.00 million by 2028.
Aluminum flat-rolled products are made by rolling thick aluminium slabs through steel rolls to reduce thickness and extend them using hot and cold rolling techniques to reach the desired final thickness. Aluminum flat-rolled products are primarily divided into two types based on their manufacturing processes: cold rolling and hot rolling. Each has its own set of characteristics and benefits, and a specific sector embraces each.
Industry may see increased demand as a result of its maintenance-free and corrosion-resistant properties. To keep up with the global market, manufacturers strive to expand innovation in their product offering. Because these goods are a unique blend of lightness and strength, government guidelines promoting the use of lightweight metals in automobiles have increased the market value of aluminum flat-rolled products. The expansion of demand for these products in packaging and automotive applications is the most significant growth factor. Furthermore, the high demand from end-use industries, technological advancements in the aluminum industry and improved driving dynamics are also expected to drive the aluminum flat-rolled products market growth.
The increasing demand for these goods in the automotive industry is one of the fastest-growing aluminum flat-rolled products market development factors. So as to keep the automobile light, rising demand for public transportation such as metro trains, bullet trains, buses, and other industrial vehicles leads to increased use of these items. These factors are expected to help boost the aluminum flat-rolled products market growth. Likewise, the high growth in demand for recycled and value-added aluminum products and rise in the demand for aluminum in emerging economies will create ample opportunities for the market to grow.
The aluminum flat-rolled products are restrained by increased competition from replacements and persistent fluctuation in raw material prices, such as alumina.
This aluminum flat-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 localised 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, geographical expansions, technological innovations in the market. To gain more info on aluminum flat-rolled products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aluminum Flat-Rolled Products Market Scope and Market Size
The aluminum flat-rolled products market is segmented on the basis of type, by grade and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the aluminum flat-rolled products market is segmented into plates, sheets, standard GEQ, circles, foil stock, can stock, and fin stock.
- On the basis of grade, the aluminum flat-rolled products market is segmented into 1xxx, 3xxx, 5xxx and 6xxx.
- On the basis of end-user industry, the aluminum flat-rolled products market is segmented into building & construction, automotive & transportation, consumer goods, electrical & electronics, industrial, and packaging.
Aluminum Flat-Rolled Products Market Country Level Analysis
The aluminum flat-rolled products market is analysed and market size, volume information is provided by country, type, grade and end-user industry as referenced above.
The countries covered in the aluminum flat-rolled products market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the aluminum flat-rolled products market and will continue to flourish its dominance during the forecast period due to rapid urbanization, rising construction activities, and growing demand of Aluminum Flat-Rolled Products from various end-user industries such as aerospace and defence sectors. However, Europe and North America will continue to project the highest CAGR for this period because of the high demand for aluminum flat-rolled products and increased production capacities of leading companies.
The country section of the aluminum flat-rolled products market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Aluminum Flat-Rolled Products Market Share Analysis
The aluminum flat-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 aluminum flat-rolled products market.
The major players covered in the aluminum flat-rolled products market report are Evonik Industries AG, Alnor Oil Co Inc, KRATON CORPORATION, BASF SE, Cargill, Incorporated, Eastman Chemical Company, Procter & Gamble, Evonik Industries, Godrej, PPG Industries, Inc., Emery Oleochemicals, PTT Global Chemical Public Company Limited, Jet-Hot, Inc., ICD High Performance Coatings, SPI Performance Coatings, EverCoat Industries Sdn Bhd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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