Aluminium Rolled Products Market

Aluminium Rolled Products Market:

Growth opportunities in the Aluminium Rolled Products Market look promising over the next six years. This is mainly due to their rising consumption in the packaging industry and various features imparted by them like less operating cost and plant availability.

Aluminium rolled products are foil, plates, sheets, used in various industries such as, transportation, automotive, aerospace, train, ship building, building & infrastructure, automotive and manufacturing industry.

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Aluminium Rolled Products Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The drivers responsible for the growth of the aluminum rolled products market includes their augmenting demand in the automotive and packaging sector led by their surging implementation of adaptable foil-based packaging in the food and beverage industry. Also, the stimulating demand in the medical packaging arena will strengthen the market size. The expansion in the effectiveness from mills to production arrangement will further impel the market growth. Moreover, the products help maintain the highest product quality and ensure plant availability with lower operating costs. The cold rolling mills are the way out of high precision rolling and assist in forming quality rolled products. As per the aluminum rolled products market trends, the prevalence of major cold mills such as China, Brazil, Sorocaba, CBA, and Henan Cold Mill have paved the way for market growth.

The widespread outbreak of the coronavirus pandemic has adversely impacted the market growth owing to the strict lockdown and social distancing measures imposed across the nation, which resulted in plant discontinuation and ceased production. However, excessive value concerned with the infrastructure of production houses will hamper the aluminum rolled products market share.

End-Use Industry Segment Drivers

Based on the end-use industry, automotive & transportation will experience a robust demand owing to the aggravating modes of public transport such as metro trains, buses and bullet trains that implement these products to keep the automobile light and raise its productivity. Their usage in fuel reservoir evades corrosion problem and chemical reaction with exterior material, thus propelling the market growth.

Grade Type Segment Drivers

Based on the grade type, 1xxx Series is projected to expand at a faster is CAGR in the market over the forecast period. It is applied in the production of heat sinks because of its higher thermal conductivity. It is distinguished by remarkable corrosion-resistant grade and amplification in strength that can be attained by strain hardening.

Regional Drivers

Based on the regional coverage, Asia-Pacific is predicted to witness a higher CAGR in the market over the forecast period. This is primarily attributed to the excessive consumption of aluminum, especially in China, Japan, and India. For instance, according to National Institute for Transforming India, Aluminium Consumption accounted for 2.5 kg per capita in 2018 and is expected to reach 11 kg per capita by the end of 2025, which will propel the market growth. In addition, the presence of leading players such as Hindalco Industries Limited, Aluminium Corporation Of China, UACJ Corporation will further promote the market growth

Aluminium Rolled Products Market’s leading Manufacturers:

· UACJ Corporation

· Elvalhalcor Hellenic Copper and Aluminium Industry S.A.

· NALCO

· Aluminum Corporation Of China

· Constellium

· Hindalco Industries Limited

· Novelis Inc.

· Arconic

· Norsk Hydro ASA

· Alcoa Corporation

Aluminium Rolled Products Market Segmentation:

Segmentation by Grade Type

· 1xxx Series

· 3xxx Series

· 5xxx Series

· 6xxx Series

Segmentation by End-Use Industry

· Automotive & Transportation

· Automotive

· Aerospace

· Train

· Ship building

· Building and Infrastructure

· Building Facades

· Doors & Windows

· Packaging

· Consumer Durables

· Others

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

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