Global Aluminum Rolled Plate Market Growth 2024-2030
Aluminium Rolled Plate, valued at US$ 96.67 billion in 2023, are forecasted to reach US$ 109.73 billion by 2030, with a 1.8% CAGR due to rising demand in downstream sectors.
According to Publisher’s latest study, the global Aluminium Rolled Plate market size was valued at US$ 96670 million in 2023. With the growing demand in the downstream market, the Aluminium Rolled Plate is forecast to a readjusted size of US$ 109730 million by 2030 with a CAGR of 1.8% during the review period.
Market Overview
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The research report highlights the growth potential of the global Aluminium Rolled Plate market. Aluminium Rolled plates are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimisation remain crucial for the widespread adoption of Aluminium Rolled Plates. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalise on the immense opportunities presented by the Aluminium Rolled Plate market.
The term “Aluminium rolled products” is synonymous with the terms “flat rolled products” and “FRP” commonly used by manufacturers and third-party analysts in this industry. Aluminium rolled products are semi-finished Aluminium products that constitute the raw material for the manufacture of finished goods ranging from automotive body panels to household foil. There are two major types of manufacturing processes for Aluminium rolled products differing mainly in the process used to achieve the initial stage of processing: “hot mills” that require sheet ingot, a rectangular slab of Aluminium, as starter material; and “continuous casting mills” that can convert molten metal directly into semi-finished sheet. Both processes require subsequent rolling, which is referred to as cold rolling, and finishing steps such as annealing, coating, levelling, or slitting to achieve the desired thickness, width, and metal properties. Most customers receive shipments in the form of aluminium coil, a large roll of metal, which can be utilized in their fabrication processes.
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Manmayi Raval
Research Consultant
The report on the Aluminium Rolled Plate market reflects various aspects and provides valuable insights into the industry.
Market Size and Growth: The research report provides an overview of the current size and growth of the Aluminium Rolled Plate market. It may include historical data, market segmentation by Type (e.g., 1xxx Series, 2xxx Series), and regional breakdowns.
Market Drivers and Challenges: Demand from the Aerospace and Automotive Industries: Driven by the requirement for lightweight materials to increase fuel efficiency and lower emissions, these two industries are significant users of aluminium rolled plates. The need for high-performance aluminium rolled plates keeps growing as aircraft manufacturers use more and more aluminium alloys in structural parts and aircraft assemblies.
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Building and Infrastructure Development: The demand for aluminium rolled plates is also significantly influenced by the construction industry, especially in the areas of structural components, roofing, and building facades. Aluminium is a great material for architectural purposes due to its lightweight and resistance to corrosion, which helps with sustainable building design and construction.
Packaging and Consumer Goods: Food and beverage packaging, pharmaceutical packaging, and consumer goods packaging are just a few of the packaging uses for aluminium rolled plates. Aluminium is a popular material for packaging due to its adaptability, barrier qualities, and recyclability, which is increasing demand from producers looking for environmentally responsible and sustainable packaging solutions.
Challenges- Raw Material Price Volatility: Market participants in the aluminium rolled plate sector face difficulties because of fluctuations in aluminium pricing, which are influenced by macroeconomic variables, supply-demand dynamics, and trade tensions. Price fluctuation can affect investment decisions, production costs, and profit margins, requiring supply chain optimization and risk management techniques.
The market for aluminium rolled plates is challenged by fierce rivalry from substitute materials like steel, composites, and plastics. For market companies to stay ahead of the competition and gain market share in important industries, they must differentiate their products through innovation, quality control, and value-added services.
Environmental rules: Manufacturers of aluminium rolled plates face compliance issues due to strict environmental rules governing emissions, waste management, and resource exploitation. Investing in energy-efficient technologies, recycling programs, and sustainable practices is crucial for strengthening environmental stewardship and complying with regulations.
Technological Developments: The research report can delve into the latest technological developments in the Aluminium Rolled Plate industry. This includes advancements in Aluminium Rolled Plate technology, Aluminium Rolled Plate new entrants, Aluminium Rolled Plate new investments, and other innovations that are shaping the future of Aluminium Rolled Plate.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Aluminium Rolled Plate market. It includes factors influencing customers' purchasing decisions, and preferences for Aluminium Rolled Plate products.
Government Policies and Incentives: The research report analyses the impact of government policies and incentives on the Aluminium Rolled Plate market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting the Aluminium Rolled Plate market. The report also evaluates the effectiveness of these policies in driving market growth.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provides market forecasts and outlook for the Aluminium Rolled Plate industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: One promising direction in the worldwide market for aluminium rolled plates is the search for cutting-edge alloys and production techniques. Manufacturers can create new aluminium alloys with exceptional features like improved strength, corrosion resistance, and formability by putting a high priority on research and development. In addition to meeting the changing needs of the industry for strong, long-lasting, and environmentally friendly materials, these developments put businesses at the forefront of technical development. Furthermore, investigating state-of-the-art manufacturing methods such as sophisticated forming processes and additive manufacturing offers prospects for geometric complexity, cost-effective production, and product customisation. The market reach is further increased by proactive involvement in developing industries like electric vehicles and infrastructure for renewable energy. These potentials are enhanced by collaborative collaborations throughout the value chain, which promote innovation, information sharing, and quicker market acceptance.
Recent developments- Using "green aluminium," which is made with fewer carbon emissions during the manufacturing process by utilizing renewable energy sources, is becoming more and more popular. This is consistent with the industry's general drive toward sustainability. Custom-designed rolled plates with distinctive qualities are becoming possible thanks to the development of additive manufacturing processes like 3D printing, which may lead to the opening of new markets for aluminium.
Market Segmentation:
The Aluminium Rolled Plate market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
1. Segmentation by type
• 1xxx Series
• 2xxx Series
• 3xxx Series
• 5xxx Series
• 6xxx Series
• 7xxx Series
• 8xxx Series
2. Segmentation by application
• Packaging
• Automotive, Trucks, & Ships
• Building & Construction
• Industrial
• Aerospace
• Tooling & Mold Blocks
• Consumer Durables
• Foilstock
Regional Insights: Geographically, the global market for aluminium rolled plates is heterogeneous, with major centres of production and consumption found in America, Europe, Asia-Pacific, and MEA. The aerospace, automotive, and construction sectors' demand is driving the market's leadership in developed economies with robust industrial bases and cutting-edge infrastructure. Conversely, emerging economies provide substantial prospects for growth, propelled by initiatives related to infrastructure development, urbanization, and industrialization. China is the largest producer of Aluminium Rolled plates and has a share of over 40%, followed by Europe and the United States.
3. Americas
• United States
• Canada
• Mexico
• Brazil
4. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
5. Europe
• Germany
• France
• UK
• Italy
• Russia
6. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape: The research report provides an analysis of the competitive landscape within the Aluminium Rolled Plate market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market. Global top three manufacturers of Aluminium Rolled plates occupied a share of nearly 30 per cent, key players are Novelis, Arconic UACJ, etc. The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
• Novelis
• Arconic
• UACJ
• Constellium
• Chinalco
• Mtalco
• Kobelco
• Nanshan
• Nippon Light Metal
• Ma’aden
• KUMZ
• ALAN
• AMAG
• Commonwealth
• Granges
• Luoyang Wanji
• Zhongfu Industrial
• Jiangsu Dingsheng
• Kaiser
• GLEICH
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Aluminum Rolled Plate Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Aluminum Rolled Plate by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Aluminum Rolled Plate by Country/Region, 2019, 2023 & 2030
2.2 Aluminum Rolled Plate Segment by Type
2.2.1 1xxx Series
2.2.2 2xxx Series
2.2.3 3xxx Series
2.2.4 5xxx Series
2.2.5 6xxx Series
2.2.6 7xxx Series
2.2.7 8xxx Series
2.3 Aluminum Rolled Plate Sales by Type
2.3.1 Global Aluminum Rolled Plate Sales Market Share by Type (2019-2024)
2.3.2 Global Aluminum Rolled Plate Revenue and Market Share by Type (2019-2024)
2.3.3 Global Aluminum Rolled Plate Sale Price by Type (2019-2024)
2.4 Aluminum Rolled Plate Segment by Application
2.4.1 Packaging
2.4.2 Automotive, Trucks, & Ships
2.4.3 Building & Construction
2.4.4 Industrial
2.4.5 Aerospace
2.4.6 Tooling & Mold Blocks
2.4.7 Consumer Durables
2.4.8 Foilstock
2.5 Aluminum Rolled Plate Sales by Application
2.5.1 Global Aluminum Rolled Plate Sale Market Share by Application (2019-2024)
2.5.2 Global Aluminum Rolled Plate Revenue and Market Share by Application (2019-2024)
2.5.3 Global Aluminum Rolled Plate Sale Price by Application (2019-2024)
3 Global Aluminum Rolled Plate by Company
3.1 Global Aluminum Rolled Plate Breakdown Data by Company
3.1.1 Global Aluminum Rolled Plate Annual Sales by Company (2019-2024)
3.1.2 Global Aluminum Rolled Plate Sales Market Share by Company (2019-2024)
3.2 Global Aluminum Rolled Plate Annual Revenue by Company (2019-2024)
3.2.1 Global Aluminum Rolled Plate Revenue by Company (2019-2024)
3.2.2 Global Aluminum Rolled Plate Revenue Market Share by Company (2019-2024)
3.3 Global Aluminum Rolled Plate Sale Price by Company
3.4 Key Manufacturers Aluminum Rolled Plate Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Aluminum Rolled Plate Product Location Distribution
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