July 30th, 2021
Global Aluminium Rolled Products Market
The GMI Research forecasts that the Aluminium Rolled Products Market is witnessing an upsurge in demand over the forecast period. 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.
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Introduction of the Aluminium Rolled Products Market
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.
Key Players of the Global Aluminium Rolled Products Market:
· UACJ Corporation
· Elvalhalcor Hellenic Copper and Aluminium Industry S.A.
· Aluminum Corporation Of China
· Hindalco Industries Limited
· Novelis Inc.
· Norsk Hydro ASA
· Alcoa Corporation
Aluminium Rolled Products Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
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.
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 Segmentation:
Segmentation by Grade Type
· 1xxx Series
· 3xxx Series
· 5xxx Series
· 6xxx Series
Segmentation by End-Use Industry
· Automotive & Transportation
· Ship building
· Building and Infrastructure
· Building Facades
· Doors & Windows
· Consumer Durables
Segmentation by Region:
· North America
o United States of America
· Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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