Aluminum flat

NEW YORK, May 15, 2023 /PRNewswire/ -- The global aluminum flat-rolled products (FRP) market size is estimated to grow by USD 17.84 billion from 2022 to 2027, according to Technavio. However, the market growth is decelerating at a CAGR of 5.14% during the forecast period. APAC will account for 65% of the market growth over the forecast period. Factor such as, the presence of strong production and consumption base of FRP in the region will increase the market growth. Additionally, the high demand for beverage cans and films in the pharmaceutical and packaging industry is growing rapidly, fueled by rising disposable incomes. Fast-growing end-user segments in the Indian aluminum FRP market include architectural applications (curtain walls and composite panels), automotive applications (automotive fins and brazing sheets), and industrial applications (litho panels). Due to the increasing demand for aluminum foil in end-use industries, market vendors have set up facilities to quantify aluminum production and easy exports. Such factors will increase the market growth in this region during the forecast period. For more insights on the market size (2023 to 2027) - Request a sample report

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Global Aluminum flat-rolled products (FRP) market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on product type (plates and sheets and foils), end-user (Automotive and transportation, Building and construction, Industrial, Electrical and electronics appliances, and Others) and Geography (APAC, Europe, North America, South America, and Middle East and Africa).

The market growth in the plates and sheets segment will be significant over the forecast period. This segment is used in the manufacturing of lithographic plates as they can be anodized easily and provide an ideal surface for printing. Another important factor driving the aluminum plates and sheets market is the increased demand for aluminum armor plates (military grade) in countries such as the US. Therefore, plates and sheets will play a significant role in increasing the demand for aluminum FRP during the forecast period.

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Global Aluminum flat-rolled products (FRP) market – Market Dynamics

Key factor driving market growth

One of the key factors driving the aluminum FRP market growth is the increased adoption of green initiatives. The use of aluminum FRP in buildings and constructions helps buildings to achieve green status. Further, the trend of constructing green buildings has boosted the consumption of aluminum FRP led by the support of different governments and associations globally. Further, green committees, green conferences, and green journals are set up in almost all professional and building trade organizations to support the adoption of green buildings, which, in turn, will fuel the growth of the global aluminum FRP market during the forecast period.

Leading trends influencing the market

Growing mass transportation is the primary trend in the aluminum flat products market. Factor such as, due to various advantages like efficiency, lightweight, ease of maintenance, and reduced fuel consumption and greenhouse gas emission, the use of aluminum is increasing in these mass transportation vehicles. Moreover, the popular products used aluminum embossed and chequered sheets, which are utilized for flooring and paneling application across the transportation industry. The demand for mass transportation is rising, particularly in thickly populated countries like India and China, leveraging the growth of the aluminum flat products market in focus to procure new vehicles during the forecast period.

Major challenges hindering the market growth

Increasing applications of composite materials in the aerospace industry is the major challenge impeding market growth. To reduce the overall weight of the aircraft, the aerospace industry is looking to increase the composite content in aircraft to more than 50%. The implementation of new-generation jets could triple the consumption of composites over a period of about two decades. Despite being more expensive than aluminum FRP, the use of composite materials in the manufacturing of aircraft is increasing due to factors such as lightweight, high strength, and high corrosion resistance, are increasing. To add to the bargain, composite materials, with their structural flexibility, facilitate the designing of aircraft structures that are more efficient than aluminum FRP-based counterparts. Therefore, the global aluminum FRP market will have to compete with the increasing demand for advanced composite materials during the forecast period.

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What are the key data covered in this aluminum flat-rolled products (FRP) market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the aluminum flat-rolled products (FRP) market between 2023 and 2027

Precise estimation of the size of the aluminum flat-rolled products (FRP) market and its contribution to the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the aluminum flat-rolled products (FRP) market across North America, Europe, APAC, South America, and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of aluminum flat-rolled products (FRP) market vendors

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Aluminum Flat-Rolled Products (FRP) Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Decelerate at a CAGR of 5.14%

Market growth 2023-2027

USD 17.84 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.45

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 65%

Key countries

US, China, Japan, India, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aditya Birla Management Corp. Pvt. Ltd., Alcoa Corp., Aluminum Corp. of China Ltd., Aluminum Federation of South Africa, Arconic Corp., Constellium SE, Gulf Aluminium Rolling Mill BSC, Hulamin Ltd., Jindal Aluminium Ltd., JW Aluminum, Kaiser Aluminum Corp., Kobe Steel Ltd., Laminazione Sottile S.p.A, MET TRADE INDIA Ltd., National Aluminium Co. Ltd., Norsk Hydro ASA, SMS group GmbH, UACJ Corp., Vedanta Ltd., and Viohalco SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of contents:

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Aluminum manufacturing market in Turkey 2017 - 2021

4.2 Product Segment Analysis 2017 - 2021

4.3 End-user Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Product

6.1 Market segments

6.2 Comparison by Product

6.3 Extrusion products - Market size and forecast 2022-2027

6.4 Rolled products - Market size and forecast 2022-2027

6.5 Wires - Market size and forecast 2022-2027

6.6 Others - Market size and forecast 2022-2027

6.7 Market opportunity by Product

7 Market Segmentation by End-user

7.1 Market segments

7.2 Comparison by End-user

7.3 Automotive and transportation - Market size and forecast 2022-2027

7.4 Building and construction - Market size and forecast 2022-2027

7.5 Packaging - Market size and forecast 2022-2027

7.6 Machinery and equipment - Market size and forecast 2022-2027

7.7 Others - Market size and forecast 2022-2027

7.8 Market opportunity by End-user

8 Customer Landscape

8.1 Customer landscape overview

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

10.3 Landscape disruption

10.4 Industry risks

11 Vendor Analysis

11.1 Vendors covered

11.2 Market positioning of vendors

11.3 AKPA ALUMINYUM TIC AS

11.4 Almesan Aluminyum Sanayi ve Ticaret AS

11.5 Altim Aluminyum San Ve Tic Ltd Sti

11.6 Arslan Aluminyum AS

11.7 Assan Aluminum industry and trade Inc.

11.8 Bor Aluminyum

11.9 BURAK ALUMINYUM SANAYI VE TICARET AS

11.10 Caliskan Aluminum Accessories

11.11 Eti Aluminyum

11.12 Hisar Celik Dokum Sanayi ve Ticaret AS

11.13 KOLAS ALUMINYUM AS

11.14 Ozeren Aluminum

11.15 Ozgenc Makina

11.16 Teknik Aluminum

11.17 Tuna Aluminum

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

12.3 Currency conversion rates for US$

12.4 Research methodology

12.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/

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