Aluminum Rolled Products Market Global Forecast to 2028

 

Aluminum Rolled Products Market

The Aluminum Rolled Products Market is expected to expand at a remarkable CAGR during the forecast period (2021-2028).

The factors driving the growth of Aluminum Rolled Products Market includes increasing application of aluminum rolled products in the end-use industries such as transportation, aerospace and food and beverage and strict regulations in the automotive industry for reducing the vehicular emissions. According to the report published by Bloomberg, the Global Aluminum Foil Packaging Market is predicted to reach US 31.5 billion by the end of 2025, exhibiting a CAGR of 5% over the forecast period (2020-2025), which is expected to boost the market growth in the approaching years. Moreover, the increasing investment on research and development related activities by the leading players, rise in the number of recycled aluminum products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the aluminum rolled rings are lightweight, extremely durable and requires low maintenance, are some of the key features pushing the demand for aluminum rolled products across the world.

However, the growth of Aluminum Rolled Products Market is hindered due to high capital investment and fluctuations in the prices of raw materials.

The major players operating in the market are Aluminum Corporation Of China, Arconic, NALCO, Elvalhalcor Hellenic Copper And Aluminum Industry S.A., Hindalco Industries Limited, Alcoa Corporation, Constellium, Novelis Inc., UACJ Corporation and Norsk Hydro ASA among others.

Grade Type – Segment Analysis

According to the Aluminum Rolled Products Market Research Report, the 1xxx Series segment is anticipated to expand at a significant CAGR over the forecast period attributed to its increasing application in manufacturing heat sinks.

End-Use Industry – Segment Analysis

Based on end-use industry, the automotive & transportation segments is projected to grow at a robust CAGR during the forecast period due its increasing application in the public transportation systems such as metros, busses, and bullet trains.

Regional – Segment Analysis

As per the Aluminum Rolled Products Market Global Forecast, the Asia-Pacific region is predicted to capture a sizeable market share over the forecast period. The strong demand for aluminum-based products in the countries such as India, Japan and South Korea, increase in Government’s expenditure on improving public transportation systems and rising disposable incomes, are some of the important factors influencing the market growth in Asia-Pacific.

Market Segmentation

Global Aluminum Rolled Products Market by Grade Type

  • 1xxx Series
  • 3xxx Series
  • 5xxx Series
  • 6xxx Series

Global Aluminum Rolled Products Market by End-Use Industry

  • Automotive & Transportation
  • Automotive
  • Aerospace
  • Train
  • Ship building
  • Building and Infrastructure
  • Building Facades
  • Doors & Windows
  • Packaging
  • Consumer Durables
  • Others

Global Aluminum Rolled Products Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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