The global aluminium rolled products market accounted for a value of USD 41.9 billion in 2019. Aluminium rolled products market projected to register growth at a CAGR of 5.9% during forecast period.
COVID-19 has impacted aluminium rolled products market. The manufacturing plant has to shut or halt its production activities. The supply chain of raw material and finished products in disrupted due to travel restriction. The demand for aluminium rolled products has declined from end-users. This pandemic has negatively impacted growth of aluminium rolled products market.
For more details, visit: Global Aluminium Rolled Products Market By Grade (1xxx series, 3xxx series, 5xxx series, Others), By End-Users (Automotive & Transportation, Building & Construction, Aerospace, Others) By Region, Forecast & Opportunities to 2026
The aluminium rolled products are used in different end-user industries. The demand for aluminium rolled products is increasing across all end-user industries around the globe. It is used in construction segment for bridges, airports, highways, stadiums construction as they have high strength and yield. This drives growth in aluminium rolled products market during forecast period.
On the basis of grade, the aluminium rolled products market is segmented into 1xxx series, 3xxx series, 5xxx series and 6xxx series. The 6xxx series grade segment is estimated to lead the market during forecast period. This grade has properties such as ultra-high tensile strength and lightweight which made it more preferred in various industries such as transportation and automotive. This drives growth in 6xxx market during forecast period.
On the basis of end-user, the aluminium rolled products market is segmented into automotive & transportation, building & construction, aerospace, ship building, railways, building facades, doors & windows, packaging, consumer durables and others. The automotive and transportation segment is estimated to hold largest market share during forecast period. Automotive and transport industries are looking for light weight products with high tensile strength for manufacturing various components which helps in reducing overall weight of the vehicle. The automotive and transportation segment is gaining traction in various countries such as India and China. This drives growth in automotive and transportation segment during forecast period.
Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. various large manufacturer are present in this region and many are establishing their foots in this region. The building & construction and automotive & transmission segment is growing immensely in this region which consumes aluminium rolled products at large scale. The urbanization is increasing which involves use of developed products and this drives growth in aluminium rolled products during forecast period.
The key market players in aluminium rolled products industry are Novelis, Arconic Rolled Products Corp, Constellium SE, UACJ Corporation, Norsk Hydro ASA, Granges AB, Aluminium Corporation of China, China Hongqiao, Shandong XINFA Huaxin Aluminium and Hai Phong Aluminium.
- What are the expected industry trends over the next three to five years?
- Which of the aluminium rolled products grade is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?