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Global Aluminium Flat Rolled Products Market Insight February 14, 2022 Comments

The Aluminium Flat Rolled Products market is expected to continue to grow in the next few years. According to the WK-chem Research “Global Aluminium Flat Rolled Products Professional Survey Report 2022, Forecast to 2027”, The notable growth factor for the global Aluminum Flat Rolled Products Market is the growing demand for these products in packaging and automotive applications. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 6.8% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“The application of aluminum sheet rolling in the automotive industry will be one of the important directions for future development. Manufacturers will continue to update product styles to meet market demand. More attention to government guidelines to promote lightweight materials for automobiles may increase the popularity of aluminum sheet products. market value,” said Judy, senior analyst at WK-chem Research.
Market insight:
The Aluminum flat-rolled products are designed by rolling thick aluminum slabs within the steel rolls that decrease the thickness and lengthen it through hot and cold rolling methods to achieve the desired final thickness. Considering the production process of Aluminum flat-rolled products they are chiefly categorized into two types cold rolling type and hot rolling type. Each one of them has some unique features and benefits and is welcomed by a specified industry. The exceptional advantage of Aluminum flat products are lightweight, high strength, their durability is largely used in industries such as building & construction, electrical, transportation, packaging, machine & equipment. The booming consumption of aluminum flat-rolled products in the packaging industry owing to the expanding use of flexible foil-based packaging in the food & beverage business is the leading factor anticipated to drive the global market growth. Despite the fact that the COVID-19 pandemic is still transforming the growth of various industries, the outbreak’s immediate impact is varied. While some industries are expected to experience a drop in demand, many others will remain unaffected and show promising growth prospects. The lockdown has affected majorly on the supply chain management of the aluminum market.
Competition Landscape:
Several vendors in the market are concentrating on the development of advanced alloys for specific end-use applications. Increased production capacity and small-business acquisitions are also likely to remain a key focus area for aluminum flat product vendors. Hindalco, UACJ, Arconic, Hydro, Constellium, Aleris, Aluminum Corporation of China (Chalco) are among the leading players in the global aluminum flat-rolled products market.
Segmentation of Aluminium Flat Rolled Products Market:
Based on Type, the market is bifurcated into Plate form, Sheet form, Foil form, Others. The foil form segment holds the largest market share during the forecast period. The factors that can be attributed to the high demand for aluminum foils in the packaging applications are driving the demand for this segment. The growing use of flexible foil-based packaging in the food & beverage industry is expected to drive the global market growth of aluminum flat-rolled products in the packaging sector. Based on Application, the market is bifurcated into Automotive & Transportation, Industrial, Building & Construction, Consumer Goods and Packaging, Electrical & Electronics, Others. The automotive & transportation industry segment holds the largest market share during the forecast period. The factors that can be attributed to the growth in developing countries such as China, India are fueling the demand for this segment. The increasing demand for these goods in the automotive industry is one of the fastest-growing aluminum flat-rolled products market development factors. So as to keep the automobile light, rising demand for public transportation such as metro trains, bullet trains, buses, and other industrial vehicles leads to increased use of these items. These factors are expected to help boost the aluminum flat-rolled products market growth. Likewise, the high growth in demand for recycled and value-added aluminum products and rise in the demand for aluminum in emerging economies will create ample opportunities for the market to grow.
Aluminium Flat Rolled Products Market: Regional Analysis
On the basis of Geography, the Global Aluminum Flat Rolled Products Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific holds the largest market share. Asia-Pacific dominates the aluminum flat-rolled products market and will continue to flourish its dominance during the forecast period due to rapid urbanization, rising construction activities, and growing demand of Aluminum Flat-Rolled Products from various end-user industries such as aerospace and defence sectors. However, Europe and North America will continue to project the highest CAGR for this period because of the high demand for aluminum flat-rolled products and increased production capacities of leading companies.
Cagr: 6.8%

Largest share area:Asia Pacific
Largest share country:China
Product Type:Plate form, Sheet form, Foil form, Others
Application:Automotive & Transportation, Industrial, Building & Construction, Consumer Goods and Packaging, Electrical & Electronics, Others
Leading Company:Hindalco, UACJ, Arconic, Hydro, Constellium, Aleris