What is Aluminum Rolled Products Market?
Consumption of rolled products has been increasing over the years due to increased use in the packaging sector. Aluminium rolled products such as sheet, plate and foil have formed a large volume of aluminium products shipped annually all over the world along with castings, extrusions, wire, rod and bar, forgings and impacts, and powders and paste. Production of aluminum rolled products is a cost-effective process as which requires low labor demands and allowing large volume production for most products with higher efficiency that boosting the growth of the market.
Highlights from Aluminum Rolled Products Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Norsk Hydro ASA (Norway), Aleris Corporation (United States), Hulamin (South Africa), Constellium (The Netherlands), Hindalco Industries Limited (India), Amag Rolling GmbH (Austria), Alcoa Corporation (United States), Gulf Aluminium Rolling Mill Company (Bahrain), Impol Aluminum Corp. (United States), JW Aluminum (United States), Kaiser Aluminum (United States), NALCO (India) and China Hongqiao Group (China) |
Strategic mergers and acquisitions, aggressive investment in research and development of new technologies and materials to be used in the manufacturing of aluminum rolled products. The companies are exploring the market by adopting expansions and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Aluminum Rolled Products market throughout the forecasted period.
Norsk Hydro ASA (Norway), Aleris Corporation (United States), Hulamin (South Africa), Constellium (The Netherlands), Hindalco Industries Limited (India), Amag Rolling GmbH (Austria), Alcoa Corporation (United States), Gulf Aluminium Rolling Mill Company (Bahrain), Impol Aluminum Corp. (United States), JW Aluminum (United States), Kaiser Aluminum (United States), NALCO (India) and China Hongqiao Group (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Bharat Aluminium Company Ltd. (India), Laminazione Sottile S.p.A. (Italy) and Jindal Aluminium Limited (India). Aluminum Rolled Products Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Automotive & Transportation, Aerospace, Train, Shipbuilding, Building & Infrastructure, Building Facades, Doors & Windows, Packaging, Consumer Durables and Others |
Grade | 1xxx Series (1050 |
On the basis of geography, the market of Aluminum Rolled Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Aluminum Manufacturing Technologies and Processing Equipment
Market Growth Drivers:
High Utilization of Aluminum in Various Industries such as Building and Construction and Foil and Packaging and Growth in Automotive and Transportation Field
Challenges:
Rise in the Concerns Regarding Greenhouse Gas Emissions
Restraints:
High Capital Investment and Fluctuating Raw Material Prices
Opportunities:
Growth in Demand for Recycled and Value-added Aluminum Products and Demand for Aluminum in Emerging Economies
Key Target Audience
Aluminum Rolled Products Manufacturers, Suppliers, and Distributers, New Entrants/Investors, Raw Material Suppliers, International and National Governmental Regulatory Bodies, Research and Consultancy Firms, Venture Funds and Private Equity Firms and Others
Market Leaders & Development Strategies
In April 2020, Novelis Inc. announced the completion of its acquisition of Aleris Corporation. Novelis is now even better positioned to meet increasing customer demand for aluminum by expanding its innovative product portfolio.