Aluminum Rolled Products Market by Product Type (Plates, Sheets, Standard GEQ, Circles, Foil Stock, Can Stock, and Fin Stock), by Grade (1xxx Series, 3xxx Series, 5xxx Series, and 6xxx Series), and by End-Use Industry (Building & Construction, Automotive & Transportation, Consumer Goods, Electrical & Electronics, Industrial, and Packaging) – Global Opportunity Analysis and Industry Forecast, 2022–2030

Aluminum Rolled Products Market

Industry:  Materials & Chemicals | Publish Date: Dec 2022 | No of Pages:  N/A | No. Tables:  N/A | No. Figures:  N/A

Market Definition:

The Aluminum Rolled Products Market size was valued at USD 48.47 billion in 2021, and is predicted to reach USD 83.28 billion by 2030, with a CAGR of 6.2% from 2022 to 2030.

Aluminum refers to an electronegative metal that has a strong affinity toward oxygen. Aluminum rolled is a metal process that transforms the slab of cast aluminum into a usable form by decreasing its length and thickness. Various significant features of aluminum rolled products include lightweight nature, durability, and high strength. Products such as sheets, coils, and plates are flat-rolled using hot and cold rolling processes, and they account for about half of the total aluminum alloys utilized all over the world. They are used in a wide range of industries and applications such as aircraft, aerospace, railways, roadways, engineering, electrical, food, packaging, and printing.

Market Dynamics and Trends:

The demand for aluminum rolled products is rising due to increasing use of aluminum in fitness and sports equipment such as exercise machines, soccer goal posts, and archery equipment for its minimal weight and durability. Also, factors such as consistent demand for automobiles that incorporate aluminum sheets and coils and rising demand for aluminum foils in the packaging industry for medicine packaging are propelling the market growth.

Moreover, large volume of production of aluminum products that include household appliances, automobile parts, cooking utensils, and wires with high efficiency and low labor-costs are expected to propel the growth of the market during the forecast period.

In addition, increase in demand for aluminum from various industries such as food and beverage industry to produce semi-rigid cans and aluminum cans and the architecture industry to make siding panels and anti-skid flooring is propelling the market growth.

However, high capital investment in manufacturing of aluminum rolled products coupled with fluctuation in prices of raw materials are expected to restrain the growth of the market during the forecast period. On the other hand, surge in demand for recycled and value-added aluminum products such as beverage cans, foils, and extrusions that are used to make aircraft, automobiles, and boats is expected to create lucrative opportunities for the aluminum rolled products market players in the future.

Market Segmentations and Scope of the Study:

The global aluminum rolled products market is segmented based on product type, grade, end-use industry, and geography. Based on product type, the market is subsegmented into plates, sheets, standard GEQ, circles, foil stock, can stock, and fin stock. Based on grade, the market is classified into 1xxx series, 3xxx series, 5xxx series, and 6xxx series. Based on end-use industry, the market is divided into building & construction, automotive & transportation, consumer goods, electrical & electronics, industrial, and packaging. The geographical breakdown and analysis of each of the aforesaid segments include regions such as North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

Asia-Pacific region holds the lion’s share of the aluminum rolled products market currently, and is expected to continue to dominate the market during the forecast period. This is attributed to factors such as rising spending of individuals on luxury items such as expensive cars and consumer electronics that include aluminum for weight reduction and high durability. Also, the expansion of building & construction industry in China, India, Japan, and various Southeast Asian countries that deploy aluminum for wall panels and roofing solutions is further driving the market growth in this region. Moreover, the availability of labor and raw materials at low cost in the region presents advantages for various manufacturing companies such as China Hongqiao Group Ltd. and UACJ Corporation. This, in turn, drives the growth in this region.

North America is expected to show a steady rise in the aluminum rolled products market due to adoption of lightweight materials in the automotive industry to lower carbon emissions from vehicles. Also, stringent regulations by various governments such as the U.S., Canada, and others to reduce the emissions from vehicles are expected to boost the aluminum rolled products market in this region. For instance, in April 2021, the Nationally Determined Contributions (NDCs) of the U.S. planned to achieve an economy-wide target of reducing its net greenhouse gas emissions by 50–52% below 2005 levels by 2030. This initiative is expected to increase the use of aluminum rolled products in manufacturing vehicles.

Competitive Landscape:

Various market players operating in the aluminum rolled products market include Indalco Industries Limited, Alcoa Corporation, Constellium, Norsk Hydro ASA, Aluminum Corporation of China, Arconic, NALCO, JW Aluminum, Novelis, Inc., and China Hongqiao Group Ltd.

These manufacturers are actively indulging in industrial collaborations and acquisitions to enhance their product offerings and increase their growth and geographical reach.

For instance, in January 2022, Alcoa Corporation announced the collaboration with China Power Investment Corporation. The aim of the partnership is to work on energy and aluminum projects that will have an investment of approx USD 7.5 billion and develop high-end aluminum industrial parks.

Also, in April 2020, Novelis, Inc. announced the acquisition of Aleris Corporation, which is a global supplier of aluminum rolled products. The acquisition is intended to strengthen the position of Novelis in the market by integrating complementary assets consisting of aluminum rolling, recycling, casting, and finishing capabilities.

KEY BENEFITS:

  • The aluminum rolled products market report provides the quantitative analysis of the current market and estimations from 2022 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises of a detailed analysis of the aluminum rolled products market trends including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints, and opportunities and their impact on the aluminum rolled products market is provided in the report.

  • The competitive analysis of the market players along with their market share in the aluminum rolled products market is mentioned.

  • The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

  • The value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Product Type

  • Plates

  • Sheets

  • Standard GEQ

  • Circles

  • Foil Stock

  • Can Stock

  • Fin Stock

By Grade

  • 1xxx Series

  • 3xxx Series

  • 5xxx Series

  • 6xxx Series

By End-Use Industry

  • Building & Construction

  • Automotive & Transportation

  • Consumer Goods

  • Electrical & Electronics

  • Industrial

  • Packaging

By Geography

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Sweden

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Indonesia

    • Singapore

    • Rest of Asia-Pacific

  • RoW

    • UAE

    • Saudi Arabia

    • South Africa

    • Brazil

    • Israel

    • Turkey

    • Remaining Countries

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2021–2030

Base Year Considered

2021

Forecast Period

2022–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Product Type (Plates, Sheets, Standard GEQ, Circles, Foil Stock, Can Stock, and Fin Stock), by Grade (1xxx Series, 3xxx Series, 5xxx Series, and 6xxx Series), and by End-Use Industry (Building & Construction, Automotive & Transportation, Consumer Goods, Electrical & Electronics, Industrial, and Packaging)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (U.K., Germany, France, Italy, Spain, Russia, Sweden, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Israel, Turkey, Remaining Countries)

Companies Profiled

Indalco Industries Limited, Alcoa Corporation, Constellium, Norsk Hydro ASA, Aluminum Corporation of China, Arconic, NALCO, JW Aluminum, Novelis, Inc., and China Hongqiao Group Ltd.

column chart pie chart

KEY BENEFITS:

  • The aluminum rolled products market report provides the quantitative analysis of the current market and estimations from 2022 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises of a detailed analysis of the aluminum rolled products market trends including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints, and opportunities and their impact on the aluminum rolled products market is provided in the report.

  • The competitive analysis of the market players along with their market share in the aluminum rolled products market is mentioned.

  • The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

  • The value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Product Type

  • Plates

  • Sheets

  • Standard GEQ

  • Circles

  • Foil Stock

  • Can Stock

  • Fin Stock

By Grade

  • 1xxx Series

  • 3xxx Series

  • 5xxx Series

  • 6xxx Series

By End-Use Industry

  • Building & Construction

  • Automotive & Transportation

  • Consumer Goods

  • Electrical & Electronics

  • Industrial

  • Packaging

By Geography

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Sweden

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Indonesia

    • Singapore

    • Rest of Asia-Pacific

  • RoW

    • UAE

    • Saudi Arabia

    • South Africa

    • Brazil

    • Israel

    • Turkey

    • Remaining Countries

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2021–2030

Base Year Considered

2021

Forecast Period

2022–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Product Type (Plates, Sheets, Standard GEQ, Circles, Foil Stock, Can Stock, and Fin Stock), by Grade (1xxx Series, 3xxx Series, 5xxx Series, and 6xxx Series), and by End-Use Industry (Building & Construction, Automotive & Transportation, Consumer Goods, Electrical & Electronics, Industrial, and Packaging)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (U.K., Germany, France, Italy, Spain, Russia, Sweden, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Israel, Turkey, Remaining Countries)

Companies Profiled

Indalco Industries Limited, Alcoa Corporation, Constellium, Norsk Hydro ASA, Aluminum Corporation of China, Arconic, NALCO, JW Aluminum, Novelis, Inc., and China Hongqiao Group Ltd.

KEY PLAYERS

  • Indalco Industries Limited
  • Alcoa Corporation
  • Constellium
  • Norsk Hydro ASA
  • Aluminum Corporation of China
  • Arconic
  • NALCO
  • JW Aluminum
  • Novelis, Inc.
  • China Hongqiao Group, Ltd.

Frequently Asked Questions
What will be the worth of global Aluminum Rolled Products market by the end of 2030?

According to the report published by Next Move Strategy Consulting, the Aluminum Rolled Products market business is expected to hit at $83.28 billion (USD) by 2030.

Which region is expected to hold the highest market share in the Aluminum Rolled Products Market?

Asia-Pacific is expected to hold the highest market share in the global market. The region is expected to witness remarkable growth as it houses the major key players in the market.

Which are the top companies in the Aluminum Rolled Products industry?

Indalco Industries Limited, Alcoa Corporation, Constellium, Norsk Hydro ASA, Aluminum Corporation of China, Arconic, NALCO, JW Aluminum, Novelis, Inc., and China Hongqiao Group Ltd.

What are the market segmentations and scope of the study?

The global Travel Retail market share analysis is based on product type, grade, end-use industry, and geography.

How big is the Travel Retail market?

Currently (in 2021), the market value stands at USD 48.47 billion and it is anticipated to reach USD 83.28 billion by 2030.