Transparency Market Research
Aluminum is a highly conductive, lightweight, non-toxic, and reflective metal that can be easily machined. It is used in a variety of products including foils, cans, window frames, kitchen utensils, aeroplane parts, and beer kegs because of its favorable properties. Aluminum is durable, and non-toxic and offers low density and excellent corrosion resistance. It provides high thermal conductivity and can be easily machined, cast, and formed. It is also non-sparking and non-magnetic. It is the sixth most ductile and second most malleable metal. Aluminum is a good electrical conductor and is often used in electrical transmission lines. Flat-rolled aluminum products can be categorized into three types: sheet, plate, and foil. Aluminum sheets are a versatile material because of their suitability for a wide range of joining, fabrication, and finishing processes. Aluminum plates can serve as a ‘blank’ from which complex large area parts, such as the ribbed wing plates of advanced aircraft, can be machined. Aluminum can also be formed directly into strong shapes with constant thickness. It can be welded into large, strong, durable structures. Aluminum foil is familiar to most people in the popular form of soft, very thin household kitchen foil. It is easy to fold, impenetrable by water and vapor, fire resistant, both heat-reflective and heat-conductive, and inhospitable to molds.
The flat-rolled aluminum products market is expected to expand at a significant rate in the coming years. Rapid industrialization, increase in usage of aluminum in various industries such as foil & packaging and construction & building, development in the transport industry, and technological advancements in aluminum manufacturing technologies and processing equipment are the key trends propelling the market. The environmentally friendly nature of flat-rolled aluminum products in terms of more recyclability and low waste generation is a driving factor for the adoption of flat-rolled aluminum products. Demand for manufactured industrial products with high precision finish in end-use industries is likely to boost sales of flat-rolled aluminum products. Moreover, robust expansion in the construction sector worldwide is expected to fuel the market. In addition, continuous advancements in ongoing R&D activities to develop effective, innovative, and cheaper aluminum products is expected to propel the market. However, fluctuations in prices of raw materials such as alumina and increase in competition from substitutes are some of the factors that are anticipated to limit the expansion of the market. Asia Pacific is expected to be a prominent region of the flat-rolled aluminum products market due to rise in income of people living in urban areas, rapid urbanization, and significant rise in industrial applications in the last few years. Moreover, the flat-rolled aluminum products market in North America and Europe is expanding rapidly.
The flat-rolled aluminum products market can be segmented based on type, thickness, application, and region. Based on type, the market can be classified into sheets, plates, foils, and others. In terms of thickness, the market can be categorized into 0.002 mm–0.09 mm, 0.091 mm–0.20 mm, 0.21 mm0.40 mm, 0.41 mm6.0 mm, and above 6.0 mm. Based on application, the market can be segmented into automotive & transport, building & construction, defense, electrical & electronics, pharmaceuticals & packaging, white goods, and other industrial applications. In terms of region, the flat-rolled aluminum products market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Some of the key operating players in the flat-rolled aluminum products market are Aleris Corporation, Alcoa Corporation, Metenere Limited, AMD, JW Aluminum, Constellium, Hulamin, ElvalHalcor, Novelis, Gulf Aluminium Rolling Mill Co., Aditya Birla Management Corporation Pvt. Ltd, Norsk Hydro ASA, RUSAL, Kaiser Aluminum, and Chalco. Key players in the market focus on mergers & acquisitions and business alliances. Manufacturers also focus on advancements in technology. Furthermore, companies adopt innovative marketing strategies to attract customers.
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