Market Size –
The aluminum rolled products market size has grown strongly in recent years. It will grow from $55.86 billion in 2023 to $59.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. 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 $81.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. 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.
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Scope Of Aluminum Rolled Products Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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 .
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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
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Regional Insights –
Asia-Pacific was the largest region in the aluminium rolled products market in 2023. The regions covered in the aluminum rolled products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the aluminum rolled products market report are Novelis Inc., Constellium SE, Arconic Rolled Products Corporation, Aleris Corp., Hulett Aluminium (Pty) Limited, Hindalco Industries Ltd., AMAG rolling GmbH, Alcoa Inc., Kaiser Aluminum Corp., JW Aluminum Continuous Cast Company, Viohalco SA, Granges AB, Impol Aluminum Corp., Bharat Aluminium Company Ltd., Laminazione Sottile SpA, Jindal Aluminium Limited, Century Aluminum Co., Tri-Arrows Aluminum Inc., Logan Aluminum Inc., Norsk Hydro ASA, Hydro Extrusion North America LLC, United Aluminum Corporation, Aluminum Corporation of China Limited, China Hongqiao Group Limited, China Zhongwang Holdings Limited, United Company RUSAL Plc, Emirates Global Aluminium, Gulf Aluminium Rolling Mill Company, Bahrain-based Gulf Aluminium Rolling Mill Company, Aluminium Bahrain BSC, Hindustan Zinc Limited, Vedanta Limited
Table of Contents
1. Executive Summary
2. Aluminum Rolled Products Market Report Structure
3. Aluminum Rolled Products Market Trends And Strategies
4. Aluminum Rolled Products Market – Macro Economic Scenario
5. Aluminum Rolled Products Market Size And Growth
…..
27. Aluminum Rolled Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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