Press release
Global Aluminum Foil Market Become Dominant At CAGR Of 5.22% By 2021
Aluminum foils are part of flat-rolled products (FRP) used across various end-user segments such as pharma, consumer packaging and industrial. Aluminum foils are manufactured using cold rolling process and considered to be one of the finest value addition in the Aluminum value chain. The global aluminum foil market is likely to grow at a fast pace due to the rapid demand from the pharmaceutical and food and beverage industries. Aluminum foils are resistant to microorganisms and can be easily sterilized. They make it easier to print and label the products. They are used in many technical applications, such as improving the insulation performance for firewalls and fire doors, due to their reflective surface, incombustibility, durability, and corrosion resistance. They also have good welding and adhesive properties.
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Technavios analysts forecast the global aluminum foil market to grow at a CAGR of 5.22% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global aluminum foil market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio’s report, Global Aluminum Foil Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Alcoa
Ess Dee Aluminum
Gulf Aluminium Rolling Mill
Hindalco Novelis
Norsk Hydro
RUSAL
Other prominent vendors
Assan Alminyum Sanayi ve Ticaret
Laminazione Sottile
Iberfoil
Symetal
CHINALCO HENAN LUOYANG ALUMINUM FOIL
Market driver
Disadvantages of plastic packaging
For a full, detailed list, view our report
Market challenge
Increasing closures of aluminum smelting units
For a full, detailed list, view our report
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Market trend
Increasing product innovations
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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