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Aluminum Flat Products Market Report
Aluminum Flat Products Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-2025
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.
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Aluminum Flat Products Market - Snapshot |
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Growth |
5.0% for the next five years |
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Major Product Type |
Foil Stock |
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Dominant End-Use Type |
Automotive & Transportation |
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Region with the highest demand |
Europe |
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Key Players |
Alcoa Corporation, Aleris Corporation, Arconic, Constellium, Hindalco Industries Limited, JW Aluminum, Maharashtra Metal, Norsk Hydro, Novelis, and UACJ Corporation. |
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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.
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.
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.
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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.
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Aluminum Flat Products Market Research Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The aluminum flat products market is segmented into the following categories.
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Some of the key players in the aluminum flat products market are-
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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 sales@stratviewresearch.com
The aluminum flat products market is expected to witness an impressive growth of 5.0% CAGR in the foreseeable future.
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.
Europe is expected to register a higher growth rate in the aluminum flat products market during the next five years.
Foil Stock is expected to witness significant growth rate in the aluminum flat products market in the coming years.
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 are the factors driving the growth of aluminum flat products market.
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