Aluminum Flat Products Market | Global Trends, Growth and Key Companies Analysis - Hindalco Industries Limited, Aleris Corporation, UACJ Corporation, Norsk Hydro, Constellium, Arconic, JW Aluminum, National Aluminum Company Limited
Aluminum flat products market is projected to record a substantial growth rate over the coming years owing to the ongoing technological advancements and increasing usage in several industries like building & infrastructure, packaging, consumer goods, and automotive & transportation.
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From a regional frame of reference, the LATAM aluminum flat products market held a share of over 3.5% in the overall industry and is likely to show appreaciative growth.
The aluminum flat products market is bifurcated in terms of product, end-use, and regional landscape.
With respect to product, the market is classified into foil stock, sheets, circles, flat bars, plates, fin stock, and others. The others segment includes litho sheets and aluminum strips. The segment held a share of around 3% in 2018 and is expected to register continuous growth during the analysis timeframe.
Aluminum strip is a strip that is obtained by embossing the aluminum ingot. These strips are used for many purposes like aluminum strip for cable, transformer, blinds, heater, composite pipe and optical cable.
Presently it is a global trend where aluminum strips are substituting copper strips across several industries, primarily because aluminum can compete with copper in conductivity and comes at a much lower price. Aluminum is the best material for lithographic sheet since its recyclable and is lightweight as well. An electrochemical process gives these aluminum sheets the surface roughness suitable for lithographic sheet. These sheets are thus mostly used as supports for lithographic or litho sheets.
Based on end-use, the market is bifurcated into building & infrastructure, consumer goods, packaging, equipment & machinery, automotive & transportation, electrical & electronics, and others. Among these, the others include defense tanks and printed circuit boards and held a share of over 2.0%.
Aluminum printed circuit boards are a distinctive metal-based copper covered laminate with exceptional thermal conductivity and electrical insulation. Aluminum based printed circuit boards have several features like high durability, environmentally friendly, heat dissipation, as well as lightweight.
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The well-known companies profiled in the report include Hindalco Industries Limited, Aleris Corporation, UACJ Corporation, Norsk Hydro, Constellium, Arconic, JW Aluminum, National Aluminum Company Limited (NALCO), Elvalhalcor Hellenic Copper and Aluminum Industry S.A, Alcoa Corporation, Novelis.
Increasing expansion of industrial sector in the Middle East & Africa region is expected to foster product demand for the MEA aluminum flat products market. The region will witness around 3.0% CAGR.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Aluminum Flat Products Market Industry Insights
Chapter 4 Aluminum Flat products Market, By Product
Chapter 5 Aluminum Flat Products Market, By End-Use
Chapter 6 Aluminum Flat Products Market, By Region
Chapter 7. Company Profiles
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