Aluminum Rolled Products Market

Market Definition:

The global 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 rolling 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 the increasing use of aluminum in fitness and sports equipment such as exercise machines, soccer goalposts, 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, a 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 aluminum rolled products market during the forecast period.

In addition, the increase in demand for aluminum from various industries such as the 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 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, the 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 sub-segmented 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 the 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 the 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 the 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 industry 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 its collaboration with China Power Investment Corporation. The partnership aims to work on energy and aluminum projects that will have an investment of approximately 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 a quantitative analysis of the market estimations from 2022 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.

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

• 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 industry, 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.

Aluminum Rolled Products Market Key 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

  • The 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

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.

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.