Global Aluminum Rolled Products Market, By Grade (1xxx Series (1050 and Others), 3xxx Series (3003 and Others), 5xxx Series (5005 and others), 6xxx Series), End Use (Transportation, Automotive, Aerospace, Train, Ship building, Building and Infrastructure, Building Facades, Doors and Windows, Packaging, Consumer Durables, Others), Country (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) Industry Trends and Forecast to 2028
The aluminum rolled products market is expected to gain market growth in the forecast period of 2021 to 2028. Data bridge market research analyses that the market is growing with the CAGR of 6.50% in the forecast period of 2021 to 2028 and is expected to reach USD 75.50 billion by 2028. The growth in automotive and transportation field is escalating the growth of aluminum rolled products market.
Aluminum refers to an electronegative metal having strong affinity for oxygen. It is known to be the sixth most ductile and second most malleable metal present on earth. It is exceptionally light with 2.7g/cm density and is impervious to dust. It has high degree of conductivity and displays significant strength when alloyed. Aluminum rolled products are known to be the products which 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.
The developments and advancements in the transportation sector, 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 are the major factors driving the aluminum rolled products market. 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. The use of aluminum flat-rolled products in the automotive industry in order to manufacture lightweight fuel-efficient automobiles and their utilization in construction sector because they possess ability to build complex shapes on long continuous pieces and could be exploited for numerous different construction materials influencing the aluminum rolled products market. Additionally, the expansion of building and construction industry, rapid urbanization, research and development activities to produce innovative and cheaper aluminum products and rise in the disposable income of people positively affect the aluminum rolled products market. Furthermore, the increase in demand for recycled and value-added aluminum products and need for aluminum in emerging economies extend profitable opportunities to the aluminum rolled products market players in the forecast period of 2021 to 2028.
On the other hand, high capital invests and effects of COVID-19 on end-use industries are the factors expected to obstruct the aluminum rolled products market growth. The rise in the concerns regarding greenhouse gas emissions are projected to challenge the aluminum rolled products market in the forecast period of 2021 to 2028.
This 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, geographical expansions, technological innovations in the market. To gain more info on aluminum 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.
Aluminum Rolled Products Market Scope and Market Size
The aluminum rolled products market is segmented on the basis of grade and end use. 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 markets.
- On the basis of grade, the aluminum rolled products market is segmented into 1xxx series (1050 and others), 3xxx series (3003 and others), 5xxx series (5005 and others) and 6xxx series.
- On the basis of end use, the aluminum rolled products market is segmented into transportation, automotive, aerospace, train, ship building, building and infrastructure, building facades, doors and windows, packaging, consumer durables and others.
Global Aluminum Rolled Products Market Country Level Analysis
The aluminum rolled products market is analyzed and market size, volume information is provided by country, grade and end use as referenced above.
The countries covered in the globally aluminum rolled products market report are the 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 rolled products market because of the increasing spending of individuals, changing lifestyle and the expansion of building and construction industry. North America is considered to be the second largest market because of 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 Middle East and Africa is expected to witness significant growth during the forecast period of 2021 to 2028 because of the expanding construction industry in the region.
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 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 Rolled Products Market Share Analysis
The 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 aluminum rolled products market.
The major players covered in the aluminum rolled products market reports are Alcoa, Novelis Aluminum, Arconic, Constellium, UACJ Corporation, Norsk Hydro ASA, Gränges, Aluminium Corp, CHINA HONGQIAO GROUP LIMITED, SHANDONG XINFA HUAXIN ALUMINUM CO. LTD., HAI PHONG ALUMINUM ENAMEL FACTORY, KOBE STEEL, LTD., Norsk Hydro ASA, Hulamin, Kaiser Aluminum, AMAG Austria Metall AG, Viohalco, Toyo Aluminium Ekco Products Co.,Ltd., Hubei HYD Aluminum Co., Ltd, Hindalco Industries Ltd. 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.
Customization Available : Global Aluminum Rolled Products Market
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