PUBLISHER: 360iResearch | PRODUCT CODE: 1470582
PUBLISHER: 360iResearch | PRODUCT CODE: 1470582
[190 Pages Report] The Aluminum Rolled Products Market size was estimated at USD 55.62 billion in 2023 and expected to reach USD 59.48 billion in 2024, at a CAGR 7.34% to reach USD 91.37 billion by 2030.
The aluminum rolled products market encompasses a wide range of valuable products that use high-quality, versatile aluminum as their primary raw material. The aluminum rolled products are made from aluminum that has undergone a process known as 'cold rolling', enabling manufacturers to create sheets, plates, and foils with a broad range of thicknesses to suit specific applications. The increase in demand for aluminum-rolled products from the packaging industry has surged the demand for products in the market. The growth in commercial and residential building infrastructure activities creates an increasing need for aluminum rolled products. The growing emphasis on adopting lightweight and durable materials from the aerospace and automotive industries is driving the demand for aluminum rolled sheets & plates. However, high volatility in raw materials prices may limit the adoption of aluminum rolled products. The environmental concerns associated with aluminum production is also a concerning factor for the market. Moreover, the evolution of recycled and low-carbon rolled aluminum products is creating growth potential in the market. The rapid expansion of aluminum rolled product manufacturing facilities is also expected to attract significant opportunities for market growth.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 55.62 billion |
Estimated Year [2024] | USD 59.48 billion |
Forecast Year [2030] | USD 91.37 billion |
CAGR (%) | 7.34% |
Product: Increasing utilization of aluminum rolled shate in industrial applications.
Aluminum foil is characterized by its extreme thinness, flexibility, and exceptional barrier properties. Aluminum foil is preferred for resistance to moisture, grease and UV light, it makes a great packaging material for food, pharmaceuticals, and even technical applications. The aluminum plate, typically available in thicknesses of 0.250 inches and above, is utilized for its durability, versatility, and machinability. The aluminum plate is widely applied in construction, transportation, and aerospace industries for manufacturing load-bearing structures due to its peak strength-to-weight ratio and corrosion resistance properties . Aluminum shate, or flat-rolled aluminum, is essentially the 'middle-ground' product falling between sheets and plates in terms of thickness and preferred in industrial applications. Aluminum sheets are commonly used in the automotive, construction, and electrical appliance manufacturing sectors due to their excellent corrosion resistance, high thermal and electronic conductivity, and recyclability.
Grade: Enhancements in performance based on aluminum grade
The 1xxx series represents the purest form of the aluminum and has a minimum aluminum composition of 99%. 1xxx series aluminum preferred for its exceptional corrosion resistance, electrical conductivity, and thermal conductivity. The 3xxx series is alloyed with manganese, increasing the strength of these alloys compared to the 1xxx series. The 3xxx series also retains an excellent workable finish, which makes it suitable for general fabrication and principal component manufacture in the building, transport, and food industries among others. 5xxx series aluminum provides superior toughness, high-temperature strength and high corrosion resistance making them ideal for structural applications and construction. 5xxx series aluminum commonly used in the manufacturing of tankers, marine and transport applications, armor plating, and traffic signs due to their ductility, resistance to saltwater, and high fatigue strength. The 6xxx series is primarily alloyed with magnesium and silicon, which gives this grade a strong resistance to corrosion, high machinability, and strength comparable to that of mild steel.
End-Use: Diverse applications of aluminum rolled products in packaging industries.
Aluminum rolled products are extensively used in the aerospace industry, owing to their superior properties such as lightweight and high resistance to corrosion. The automotive industry heavily relies on aluminum rolled products in the manufacturing of various components such as vehicle frames, engine blocks, and body panels due to their excellent strength-to-weight ratio, reducing vehicle weight, thus enhancing fuel efficiency and performance. In the building and infrastructure sector, aluminum rolled products find extensive use due to their formability, beauty, and resistance to weather conditions. Aluminum rolled products are used in the construction of curtains walls, window frames, doors, roofing, and architectural accents. In consumer electronics, aluminum rolled products are used to produce mobile phones, laptops, and televisions due to their excellent conductivity, heat dissipation characteristics, and lightweight nature. Aluminum rolled products are preferred in packaging industry as foils and cans made of aluminum offer an impermeable barrier that extends freshness, maintains taste, and allows a longer shelf life.
Regional Insights
In the Americas, particularly in the U.S. and Canada, the aluminum industry plays a significant role with a multitude of established companies. Many industries in the region, such as automotive, packaging, and construction, are increasing their use of lightweight, corrosion-resistant rolled aluminum. In terms of production, the Americas contribute significantly to global aluminum output, with the U.S.A. being one of the top aluminum producers worldwide, creating immense manufacturing opportunities for aluminum rolled products. Asia, especially China, stands as a major player in the global aluminum rolled products market, which is contributed by the presence of large-scale companies. Explosive demand growth is driven by rapid industrialization, urbanization, and the green energy sector. China and India, reigning as some of the largest aluminum producers, host the largest consumption market for aluminum rolled products. In Europe, major producers are Germany, France, and Norway, with well-established companies. The use of aluminum-rolled products is extensive in the aerospace, automotive, and packaging industries in the region, replacing heavier materials to reduce carbon emissions. Strict environmental regulations and energy costs have enabled the region to monitor the production process of aluminum products and make them more sustainable. The Middle East's aluminum sector is mainly centered in the United Arab Emirates and Bahrain, and they mostly cater to the global market, with exports driving demand, mainly targeting the auto and construction sectors.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Aluminum Rolled Products Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Aluminum Rolled Products Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Aluminum Rolled Products Market, highlighting leading vendors and their innovative profiles. These include Akao Aluminium Co,. Ltd, Aluminium Bahrain B.S.C., AMAG Austria Metall AG, Arconic Corporation, Century Aluminum Company, CHAL Aluminium Corporation, Chalco Aluminum Group, Constellium Group, Gabrian International (H.K.) Ltd., Granges AB, Gulf Aluminium Rolling Mill B.S.C., Hindalco Industries Limited, Hulamin Limited, Jindal Aluminium Limited, JW Aluminum, Kaiser Aluminum Corporation, Kobe Steel, Ltd., Laminazione Sottile S.p.A., MA Aluminum Corporation, National Aluminium Company Limited, Nippon Light Metal Company, Ltd., Norsk Hydro ASA, Rio Tinto Group, Speira GmbH, Sumitomo Corporation, Ta Chen Stainless Pipe Co., Ltd., UACJ Corporation, United Aluminum, Vedanta Limited, Viohalco S.A., Wuxi Zhongcai Group Co.,Ltd ., and Wuxi Zhongyuantong Steel Co.,Ltd.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Aluminum Rolled Products Market?
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3. What are the technology trends and regulatory frameworks in the Aluminum Rolled Products Market?
4. What is the market share of the leading vendors in the Aluminum Rolled Products Market?
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