Press release
Aluminum Sheet Market Forecast By End-use Industry 2018 to 2028
Aluminum Sheet is the most widely used form of aluminum which undergoes the process of transformation of the metal into flat pieces or thin sheets of aluminum metal. Aluminum sheets are produced by rolling ingots under specific pressure according to the desired thickness. Thickness of aluminum sheet is less than 6mm, also called as leaf or foil. Aluminum is one of the most widely used material for making sheets due to its cost effectiveness, ductility, and robustness. Aluminum can be easily moulded into various shapes, grades or in number of forms which has led to increased usage of aluminum sheets in different industrial application. Aluminum sheets are popularly used for industrial applications including aerospace (panel of planes), transportation-(auto panel body), packaging (can bodies) and construction (buildings). Aluminum sheets exhibit excellent anti-corrosion property and hence are widely being used for marine applications. Aluminum sheets are excellent option for industrial as well as structural application due to its high strength and flexible nature. The global aluminum sheet market is anticipated to grow at a moderate CAGR over the forecast period.
Global Aluminum sheet Market Dynamics
Increasing need of aluminum sheet withstanding extreme working condition such as extreme hot or cold is a driving factor for aluminum sheets. Aluminum sheets can withstand in extreme condition due to its properties - corrosion resistant, high strength, ductility, weldability. Aluminum material possesses unique property. It gains strength in cold weather becoming tougher. Thus, aluminum sheets are preferably used in extremely cold climatic conditions for storage tank.
Aluminum sheets finds its use across a number of end use industries such as packaging, transportation, building and construction amongst others.
With the growing stringent regulations pertaining to reduction in vehicle weight which will consequently cause reduction in the carbon emissions, is expected to boost the demand for aluminum sheets in the transportation industry, majorly automotive. This is attributed to the light weight and high strength provided due to the use of aluminum sheets. Due to high weldability property of aluminum, it can be formed into any shape and is thus highly used in the automobile industry as panel of vehicles like cars, tractor etc., and plays a vital parameter for increasing fuel efficiency in automobile sector. Use of aluminum in automobile reduces CO2 emission by 20%.
Click here to subscribe Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=1441
Another major factor driving the demand for aluminum sheet is the rise in demand for packaged food. The changing lifestyle has resulted in change in eating habits which has led to significant growth of the packaged food industry. Aluminum sheet is widely being used for the production of tins, cans and other packaged food items. It is also being used to manufacture a number of consumer products such as utensils, foil etc.
Difficulty in recycling of laminated aluminum can turn out to be a restraining factor for global aluminum sheet market as components in laminated aluminum takes lengthy procedure to separate. Whereas metals like laminated steel or copper can be easily recycled as compared to aluminum. Fluctuating price of aluminum sheet can be another restraint for global aluminum sheet market.
Another major factor restraining the global demand for aluminum sheets is the use of alternative materials such as polymers and fibers for automotive components and body parts manufacturing. The increasing use of composite material is also projected to impede the global aluminum sheets market growth.
Global Aluminum Sheet Market Segmentation
Aluminum sheet market can be segmented based on end use industry and region
On the basis of end use industry, Aluminum sheet market can be segmented as:
Automotive
Building and construction
Aerospace and defense
Packaging
Medical
Consumer products
On the basis of application, the global aluminum sheet market can be segmented as:
Flat rolled products
Casting and forging
Foil
Extrusion
Others
On the basis of process, the aluminum sheet market can be segmented as:
Cold rolling
Hot rolling
Global Aluminum Sheet Market Regional Outlook
In terms of regional perspective, the global aluminum sheet market is anticipated to be dominated by Asia Pacific region. This is attributed to the large base for automotive production in the region. China and India are projected to hold relatively larger share in the global aluminum sheets market. North America and Europe are also projected to hold significant share in the global aluminum sheets market, this is attributed to the stringent regulations regarding emission and fuel efficiency in the automotive and aerospace sector which has caused rise in demand for lightweight aluminum made parts. Moreover, aluminum has also exhibited superior strength and corrosion resistance which has also caused a rise in demand. Latin America and Middle East and Africa are projected to witness relatively higher growth rates owing to the increasing investments in the automotive sector in the regions. Japan is projected to expand at a moderate growth rate over the forecast period.
Request/View TOC@ https://www.factmr.com/connectus/sample?flag=T&rep_id=1441
Global Aluminum Sheet Market Participants
Some of the market participants identified across the value chain of the global Aluminum sheet market are:
Alcoa Inc.
UACJ Co.,Ltd.
Norsk Hydro ASA
Constellium
Zhejiang Hanlv Aluminum Industry Co. Ltd.
Hangzhou Yonghong Nonferrous Metal Materials Co. Ltd.
Shandong Sino Steel (Aluminum) Co. Ltd
Novelis Inc.
Richard Austin Alloys
Cision Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
The report covers exhaust analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Analysis@ https://www.factmr.com/report/1441/aluminum-sheet-market
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Follow us in Linkedin: https://www.linkedin.com/company/factmr/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aluminum Sheet Market Forecast By End-use Industry 2018 to 2028 here
News-ID: 1348720 • Views: …
More Releases from Fact.MR
Agricultural Film Market is forecasted to reach US$ 21 billion with 5.9% CAGR by …
Fact.MR, a market research and competitive intelligence service, states that historically, the use of Agricultural Films grew at a 3.5% CAGR from 2016 to 2020, with the United States, China, India, and Japan holding a sizable portion of the global market. by 2021, the greenhouse film industry is expected to have grown to a valuation of over US$ 10 billion, largely due to price increases in agricultural films.
For More Insights…
Medical Equipment Rental Market is projected to expand at a CAGR of 5.5% to reac …
The latest industry analysis from Fact.MR, a company that offers competitive intelligence and market research, projects that the global Medical Equipment Rental Market will grow at a 5.5% CAGR and reach US$ 98 billion in size by the end of 2033.
The industry that deals with the short-term rental or lease of medical equipment to healthcare facilities, organizations, and individuals is known as the "medical equipment rental market." The goal of…
Craft Beer Market is forecasted to reach a value of US$ 174.68 Billion by 2032
The worldwide craft beer market was expected to be worth $76.3 billion in 2020 and $81.64 billion in 2021. The market will grow at a steady CAGR of 6.9% between 2022 and 2032. By the end of 2032, this market is predicted to have a global valuation of US$174.68 billion.
The surge in demand for more beer styles coupled with increase in per capita income among the target customers has triggered…
Window Blinds Market Forecasted to Achieve US$ 4.69 Billion by 2034
The global window blinds market is expected to reach $2.99 billion in 2024, growing at a 5.8% CAGR to $4.69 billion by the end of 2034.
Window blinds are adjustable window coverings made of slats or vanes, allowing for versatile control over light and privacy. They come in various materials, including wood, metal, or plastic, and can be easily adjusted to regulate sunlight and maintain privacy. Unlike heavy curtains, blinds are…
More Releases for Aluminum
Yocon Aluminum Supplies Aluminum Foil Coils for Major Appliances
Yocon Aluminum, a leading manufacturer and supplier of aluminum foil coils, has announced that they are now supplying major appliance manufacturers with their high-quality aluminum foil coils. With over forty years of experience in the industry, Yocon Aluminum is known for their dedication to quality and customer satisfaction. Their products are used in a variety of applications, including air conditioners, refrigerators, and freezers. When it comes to choosing a supplier…
Aluminum Market 2022 Update by key industry players: Alcoa Corp., Aluminum Corp. …
According to Precision Business Insights (PBI) latest report the global aluminum market is expected to be worth USD 124.8 Bn in 2022, growing at a 9.3% CAGR from 2022 to 2028. Global Aluminum Market by Processing Type (Castings, Extrusions, Forgings, Rods and Bars, Sheets and Plates, Others) By End-user (Automotive, Aerospace, and Defense, Building and Construction, Electrical and Electronics, Packaging, Industrial, Others), and Geography (North America, Europe, Asia-Pacific, and Rest…
Global Ferro Aluminum Market, Global Ferro Aluminum Industry, Covid-19 Impact Gl …
Ferro aluminium is an alloy that belongs to the grouping of ferroalloys. Ferro aluminium is formed by compounding iron with aluminium. The manufacturing procedure of Ferro aluminium is extremely energy intensive in nature. Ferro aluminium demands large amount of electricity throughout its manufacturing procedure. Ferro aluminium manufacturing process comprises production of aluminium from synthetic cryolite or bauxite. The administered aluminium is then further transformed into aluminium oxide by utilizing the…
Aluminum Frp Market Size, Status and Global Outlook 2021-Shandong Nanshan Alumin …
The MarketInsightsReports has published the obtainability of a new statistical data to its repository titled as, Aluminum Frp market. The comprehensive report provides useful insights into Market growth, revenue, and market trends, in order to enable readers to gauge market scope more proficiently. Furthermore, the report also sheds light on recent developments and platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.…
Aluminum Market Forecasts 2027| JW Aluminum, Logan Aluminum, Aleris Rolled Produ …
Aluminum Market 2021 : The Report Titled on “Aluminum Market” provides in-depth review of the Growth, Drivers, Potential Challenges, Unique Trends and Opportunities for market participants equip readers to fully comprehend the overall landscape of the Aluminum industry.
“Global Aluminum Market” report offers a complete analysis of the market. It will thus via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured within the report are derived persecution…
Aluminum in the Automotive Market Report 2018: Segmentation by Type (Cast Alumin …
Global Aluminum in the Automotive market research report provides company profile for Aleris International, Aluminumoration of China, Vimetco N.V., Alcoa, Novelis, Norsk Hydro ASA, Constellium N.V., Kaiser Aluminum and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018…
