The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
Aluminum Rolled Products Market Forecast 2024-2033: Growth Rate, Drivers, And Trends Aluminum Rolled Products Market Growth Trajectory Through 2024-2033 Global Aluminum Rolled Products Market Analysis 2024 – Estimated Market Size And Key Drivers Aluminum Rolled Products Market Overview 2024-2033 – Competitive Landscape and Strategies Global Aluminum Rolled Products Market Report 2024: Growth Rate, Major Segments And Regions UK aluminum rolled products global market, aluminum rolled products market demand, aluminum rolled products market, aluminum rolled products market size, aluminum rolled products market scope, aluminum rolled products market insights, aluminum rolled products market trends, aluminum rolled products market forecast, aluminum rolled products market growth, aluminum rolled products market research, aluminum rolled products market share, aluminum rolled products market analysis.
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According to The Business Research Company’s Aluminum Rolled Products , The aluminum rolled products market size has grown strongly in recent years. It will grow from <b>$55.86 billion in 2023 to $59.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. </b> The growth in the historic period can be attributed to growing demand for packaging, automobile, aerospace, ship, building, printing, and electronics industries, changing consumer demands, government policies and regulations, multi-year agreements for the supply of advanced aluminum rolled products, increased urbanization.
The aluminum rolled products market size is expected to see strong growth in the next few years. It will grow to <b>$81.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. </b> The growth in the forecast period can be attributed to rising adoption of strategies by key players, increasing demand for aluminum rolled products, growing automotive and transportation industry, growth in the electricals and electronics industry, increasing demand for sustainable aluminum by recycling scrap. Major trends in the forecast period include focus on circular economy, lightweighting in transportation, architectural innovation, customization and formability, digitalization in manufacturing.Rising demand from the automotive industry is expected to propel the growth of aluminum rolled products market. The automotive industry uses aluminum rolled products for the vehicle frame and body, wheels, electrical wiring, paint, lamps, transmission, air conditioner condenser, and pipes. As there is an increase in the demand for automotive it will drive the aluminum rolled products industry. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7% compared to 2021. Furthermore, in February 2022, according to Brand Finance plc, a UK-based brand valuation company, in 2022, the automobile sector achieved approximately 78 million unit sales, marking a substantial 10% increase. Therefore, the rising demand from the automotive segment drives the growth of the aluminum rolled products market .
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The aluminum rolled products market covered in this report is segmented –
1) By Product: Foil, Plate, Sheet
2) By Grade: 1xxx Series, 3xxx Series, 5xxx Series, 6xxx Series
3) By End User: Automotive and Transportation, Building and Infrastructure, Packaging, Consumer Durables, Other End-Users
Top Major Players:
Novelis Inc
Constellium SE
Arconic Rolled Products Corporation
Aleris Corp
Hulett Aluminium (Pty) Limited
Asia-Pacific was the largest region in the aluminum rolled products market in 2023.
Product innovations are a key trend gaining popularity in the aluminum rolled product market. Product innovation is the creation or introduction of a new good or launching the improved version of a previous good. For instance, in 2021, Novelis Inc., a US-based s producer of rolled aluminum, introduced the generation II of its aluminum-intensive battery enclosure for electric vehicles. The advanced aluminum-sheet-intensive reduces the weight and cost of the battery and it offers higher pack energy density compared to other electric vehicle battery enclosures. The new aluminum-intensive battery enclosure with advanced cell-to-pack modular architecture offers a best-in-class frame mass efficiency of below 1.0 kg/Kwh and a 30% improvement in energy density.
The aluminum rolled products market report table of contents includes:
1. Executive Summary
2. Aluminum Rolled Products Market Characteristics
3. Aluminum Rolled Products Market Trends And Strategies
4. Aluminum Rolled Products Market – Macro Economic Scenario
5. Global Aluminum Rolled Products Market Size and Growth
….……..
31. Global Aluminum Rolled Products Market Competitive Benchmarking
32. Global Aluminum Rolled Products Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aluminum Rolled Products Market
34.Aluminum Rolled Products Market Future Outlook and Potential Analysis
35. Append
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