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    Aluminum Flat Products Market | Covid-19 Impact Analysis

    Aluminum Flat Products Market | Covid-19 Impact Analysis

    Aluminum Flat Products Market | Covid-19 Impact Analysis
    Report code - SRAM477 Delivery - 2 Weeks
    Aluminum Flat Products Market Size, Share, Trend, Forecast, & Industry Analysis &ndash See more...
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    Impact of COVID-19 on Aluminum Flat Products Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aluminum Flat Products Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Aluminum Flat Products Market Insights

    Aluminum Flat Products Market is likely to witness an impressive CAGR of 5.0% during the forecast period. Major factors such as increasing trends towards lightweight electric vehicles for performance advantages and decreasing greenhouse emission, growing demand in construction due to its maintenance free and corrosion resistive features, and many initiatives taken by the government, such as plastic recycling, imposing rules and regulations to cause deficiency of plastic waste generation attributed to the rising awareness regarding plastic pollution and its adverse effects on the environment are expected to fuel the growth of the market during the forecast period.

    Aluminum Flat Products Market - Snapshot

    Growth

    5.0% for the next five years

    Major Product Type

    Foil Stock

    Dominant End-Use Type

    Automotive & Transportation

    Region with the highest demand

    Europe

    Key Players

    Alcoa Corporation, Aleris Corporation, Arconic, Constellium, Hindalco Industries Limited, JW Aluminum, Maharashtra Metal, Norsk Hydro, Novelis, and UACJ Corporation.

     

    Market Share Analysis

    Aluminum-Flat-Products-Market-Dominant-Segments

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    Aluminum Flat Products Market Share: By Product Type

    Based on the product type, the market is segmented as flat bars, foil stock, fin stock, sheets, plates, circles, and others. Foil stock is estimated to witness significant growth rate in the market during the forecast period, attributed to the growing consumer preference toward convenient & lightweight packaging, safe packaging of products accompanied by increasing shelf life. These foil stocks are also used in the pharmaceutical industry because of their insulation properties as they provide resistance to light, oxygen, and moisture, protecting the drugs from any kind of contamination and deterioration, offering higher security to patients which is eventually fueling the aluminum flat products market.

    Aluminum Flat Products Market Share: By End-Use Type

    Based on the end-use type, the market is segmented as building & infrastructure, automotive & transportation, consumer goods, equipment & machinery, electrical & electronics, packaging, and others. Aluminum flat products are lightweight in nature which provides better fuel efficiency as less energy is required for moving the vehicle owing to which, its usage in the automotive & transportation industry is estimated to increase in the coming years. Factors such as growing demand for public transport such as metro trains, buses, bullet trains, and other industrial transportation vehicles using these products so as to increase its efficiency, and the utilization of aluminum sheets in fuel tanks which prevents corrosion and chemical reaction with external materials are expected to accelerate the growth of the aluminum flat products market during the forecast period.

    Aluminum Flat Products Market Share: By Region

    In terms of regions, Europe is estimated to register a high growth rate during the forecast period, attributed to the growing penetration of electric vehicles so as to decrease the emission of greenhouse gas and to contribute towards climate change in the regional market. The lightweight nature of aluminum gives advantage of reducing both of the manufacturing and operational cost of electric vehicles as lighter the car, lesser the need for batteries and power for traveling the same distance. This factor is one of the reasons for shifting of automobile manufacturers from steel to aluminum flat products for battery enclosures, fueling the growth of the market in the upcoming years. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Aluminum-Flat-Products-Market-By-Region

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    Some of the key players in the aluminum flat products market are-

    • Alcoa Corporation
    • Aleris Corporation
    • Arconic
    • Constellium
    • Hindalco Industries Limited
    • JW Aluminum
    • Maharashtra Metal
    • Norsk Hydro
    • Novelis
    • UACJ Corporation

     

    Market Scope & Segmentation

    Aluminum flat products are basically made from flat rolling processing technique which converts an aluminum slab into a thin product or plate. These products are highly utilized for various purposes such as manufacturing of cans, automobile bodies, and equipment & machinery driving the growth of the aluminum flat products market.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Aluminum Flat Products Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The aluminum flat products market is segmented into the following categories. 

    Aluminum Flat Products Market Size, Share, & Forecast, by Product Type:

    • Flat Bars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Foil Stock (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fin Stock (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Sheets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Plates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Circles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aluminum Flat Products Market Size, Share, & Forecast, by End-Use Type:

    • Building & Infrastructure
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-Use Type Analysis: Commercial, Transport Network, Residential, and Utilities)
    • Automotive & Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Equipment & Machinery (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aluminum Flat Products Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Aluminum-Flat-Products-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-use type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Aluminum Flat Products Market in the foreseeable future?

    The aluminum flat products market is expected to witness an impressive growth of 5.0% CAGR in the foreseeable future.

    Who are the key players in the Aluminum Flat Products Market?

    Alcoa Corporation, Aleris Corporation, Arconic, Constellium, Hindalco Industries Limited, JW Aluminum, Maharashtra Metal, Norsk Hydro, Novelis, and UACJ Corporation are among the key players in the aluminum flat products market.

    Which country/region is expected to register a higher growth rate in the Aluminum Flat Products Market?

    Europe is expected to register a higher growth rate in the aluminum flat products market during the next five years.

    Which product type is expected to witness significant growth rate in the Aluminum Flat Products Market?

    Foil Stock is expected to witness significant growth rate in the aluminum flat products market in the coming years.

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