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What is the projected market size of the aluminum rolled products industry, and what is its expected CAGR?
The aluminum rolled products market size has grown strongly in recent years. It will grow from $59.14 billion in 2024 to $63.21 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. 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 forThe 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 $89.86 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. 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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What external factors are influencing the aluminum rolled products market’s growth momentum?
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.
What are the major market segments driving the growth of the aluminum rolled products industry?
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
Subsegments:
1) By Foil: Household Foil, Food Packaging Foil, Pharmaceutical Foil
2) By Plate: Thick Aluminum Plate, Thin Aluminum Plate, Specialty Plates
3) By Sheet: Standard Aluminum Sheet, Anodized Aluminum Sheet, Coated Aluminum Sheet
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How are emerging trends transforming the aluminum rolled products market dynamics?
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 an improved version of a previous good. For instance, in December 2022, National Aluminium Company Limited (NALCO), India-based Navratna CPSE producer of aluminum and alumina, launched Aluminium LED Cap stock in Alloy AA1100 with temper H12, which is available in coil form. This product is especially developed to produce aluminum cups that are utilized as caps in LED bulbs and act as heat sinks. Aluminum is a great heat-dissipation material, and Alloy AA1100’s strong conductivity makes it perfect for use in LED bulb covers.
Who are the key market players contributing to the growth of the aluminum rolled products industry?
Major companies operating in the aluminum rolled products market include 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
Which regions are leading the growth of the aluminum rolled products market globally?
Asia-Pacific was the largest region in the aluminum rolled products market in 2024. The regions covered in the aluminum rolled products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Can Companies Use The Aluminum Rolled Products Market Report to Drive Business Results?
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• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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