PUBLISHER: QYResearch | PRODUCT CODE: 1151749
PUBLISHER: QYResearch | PRODUCT CODE: 1151749
The recovery in the global economy has spread in this year as economic activity normalizes with the progress made by COVID-19 countermeasures taken in various countries and the easing of restrictions, among other factors. However, raw material prices are skyrocketing, production is declining due to a shortage of parts, particularly semiconductors, distribution has stalled, and in addition, Russia's military action in Ukraine in February has made conditions tense, causing confusion again. In the aluminum industry, the prices of aluminum metal and other materials that are key raw materials continued to rise.
The global Aluminum Rolled Plate market was valued at US$ 98,823.65 million in 2021 and will reach US$ 119,868.09 million by the end of 2028, growing at a CAGR of 1.76% during 2022-2028.
In the industry, the key players in the global Aluminum Rolled Plate market are like Novelis, Arconic, UACJ, Constellium, Chinalco, Mtalco, Kobelco, Nanshan, Nippon Light Metal, Ma'aden, KUMZ, ALNAN, AMAG, Commonwealth, Granges, Luoyang Wanji, Zhongfu Industrial, Jiangsu Dingsheng, Kaiser, GLEICH, etc. Novelis shipments most in 2021 and recent years, while Arconic and UACJ ranked 2 and 3.The gap of market share is keep on enlarged due to different strategy. The market concentration ratio in the past three years. The top five manufacturers held 38.64% of the market, in terms of Aluminum Rolled Plate revenue in 2021.
Asia has the largest global export quantity and manufacturers in Aluminum Rolled Plate market, global leading companies all have production bases in China.
The early months of 2021 were negatively impacted by a short-term reduction in demand for aluminum rolled products as a result of the COVID-19 pandemic and restrictions put in place to combat the virus. Some industries such as automotive, aerospace, and some specialty markets, including heat exchangers and transportation, experienced a sharper demand decline than the more resilient beverage can segment. However, demand strengthened considerably in the second quarter across most end markets and remained favorable through the remainder of the year.
On the basis of alloy type, the Aluminum Rolled Plate market has been segmented into 1xxx Series, 2xxx Series, 3xxx Series, 5xxx Series, 6xxx Series, 7xxx Series and 8xxx Series. 6xxx Series is the largest type, 6xxx Series accounts for about 29.37% of the total sales in 2021, with a sales volume of 9,118.82 kilo metric tons. The 7xxx Series, 8xxx Series and 5xxx Series segment of Aluminum Rolled Plate is projected to register the highest CAGR during the forecast period.
Foilstock is estimated to be the largest application of Aluminum Rolled Plate. Aerospace are expected to show the fastest growth rates in the Aluminum Rolled Plate market in the coming years.
Affected by the COVID-19, the operating rate of small manufacturer has declined, and the market share of large manufacturer has increased rapidly. It is expected that major manufacturer will continue to expand production capacity in the next five years.
The market growth rate (by volume) is expected to exceed 5.86% in 2022.
On the basis of region, the Aluminum Rolled Plate market has been segmented into Asia, Europe, North America, Middle East, Eurasia, Central and South America, Africa and Oceania. Asiais projected to be the largest market during the forecast period. The demand for Aluminum Rolled Plate is high in developing economies such as China and India. High growth and innovation, along with industry consolidations, are expected to drive the market in the region.
In terms of production side, this report researches the Aluminum Rolled Plate capacity, production, growth rate, market share by manufacturers and regional level and country level, from 2017 to 2022, and forecast to 2028.
The production capacity in this report is mainly based on the nameplate capacity, and the manufacturer's capacity data includes the part of the joint venture.
It should be pointed out that the revenue market size described in this report refers to the output value calculated according to the market price of Aluminum Rolled Plate. Most Aluminum Rolled Plate production enterprises have downstream derivatives manufacturing business, and the Aluminum Rolled Plate traded between enterprises are usually quoted based on the market price, plus processing fees.
In this report, MT refers to Metric Tones.
In terms of sales side, this report focuses on the sales of Aluminum Rolled Plate by regions (countries), company, by Progress and by Application. from 2017 to 2022 and forecast to 2028.
The global Aluminum Rolled Plate market is thoroughly, accurately, and comprehensively assessed in the report with a large focus on market dynamics, market competition, regional growth, segmental analysis, and key growth strategies. Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Progress segment of the global Aluminum Rolled Plate market. These figures have been provided in terms of both revenue and volume for the period 2017-2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.