Aluminium Flat Products - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Aluminium Flat Products Market is accounted for $54.60 billion in 2019 and is expected to reach $93.81 billion by 2027 growing at a CAGR of 7.0% during the forecast period. Increasing demand in the construction industry, government guidelines to promote lightweight materials in the automotive industry, and increasing penetration of aluminium in vehicles on account of its lightweight properties are some of the factors propelling the growth of the market. However, volatility in raw material prices is hampering the growth of the market.
Aluminium and its various alloy products are lightweight in nature and also have characteristics such as corrosion resistance, ductility, and high strength. Aluminium flat products are produced from flat rolling processing method which turns an aluminium ingot known as slab into the thinner product or a plate. These aluminium flat products also show excellent flexibility and rigidity with a reduction in temperature.
Based on the end-user, the automotive & transportation segment is anticipated to hold considerable market share during the forecast period owing to the increasing use of these products in aircraft and vehicles on account of its lightweight properties and replacement of old models with modern and fuel-efficient models by many air transportation companies. By geography, Europe is expected to grow at a significant market share during the forecast period due to the growing penetration of electric vehicles to reduce greenhouse gas emission and contributing towards climate change and expansion of manufacturing units by the key players.
Some of the key players profiled in the Aluminium Flat Products Market include National Aluminum Company Limited (NALCO), Alcoa Corporation, UACJ Corporation Maharashtra Metal, Rusal, Novelis, Aleris Corporation, Logan Aluminum, Kaiser Aluminum, JW Aluminum, Hindalco Industries Limited, Granges Innovative Aluminum Engineering, Elvalhalcor Hellenic Copper and Aluminum Industry S.A., Constellium, Arconic, and Norsk Hydro.
• Foil Stock
• Fin Stock
• Flat Bars
End Users Covered:
• Building & Infrastructure
• Equipment & Machinery
• Consumer Goods
• Automotive & Transportation
• Electrical & Electronics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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