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Aluminum Slug Market Outlook, Industry Analysis, Size, Share, Trends, Growth, Forecast Report By 2023-2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Aluminum Slug Market Size, Growth Rate, And Forecast
The global aluminum slug market size is expected to grow from $3.69 billion in 2022 to $3.94 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aluminum slug market size is expected to reach $4.95 billion in 2027 at a CAGR of 5.9%.
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Aluminum Slug Market Drivers
The growing demand for personal care products is expected to boost the growth of the aluminum slug market going forward. Personal care products refer to consumer goods that are used for personal hygiene, personal grooming, and personal beautifying. Aluminum slugs are used to create items such as flexible tubes, aerosol cans, collapsible tubes, aluminum bottles, and aluminum covers that are frequently used for the packaging of personal care products, as a result, the growing demand for personal care products increases the demand for aluminum slug market. For instance, in August 2022, according to Zippia Inc., a US-based career expert that provides job opportunities, the beauty and personal care market in the United States is worth approximately $84 billion.
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Aluminum Slug Market Segments
1) By Type: Round Type, Square And Rectangular Type, Perforated Type, Other Types
2) By Material: PCR (Post-Consumer Recycled Aluminum), PIR (Post-Industrial Recycled Aluminum), Green Virgin Aluminum, Other Materials
3) By Application: Tubes, Aerosols, Technical Parts, Other Applications
4) By End-Users: Automotive, Food And Beverages, Personal Care, Pharmaceutical, Paint And Coating, Electrical, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacifc was the largest region in the Aluminum Slug market.
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Aluminum Slug Market Key Players
Major competitors in the Aluminum Slug market include Ball Corporation, Fuchuan Metal Technologies Co. Ltd., Aluminium Rheinfelden Semis GmbH, Talum, Aluman S.A
The Table Of Content For The Aluminum Slug Market Include:
1. Executive Summary
2. Aluminum Slug Market Characteristics
3. Aluminum Slug Market Trends And Strategies
4. Aluminum Slug Market - Macro Economic Scenario
5. Aluminum Slug Market Size And Growth
……
27. Aluminum Slug Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aluminum Slug Market
29. Aluminum Slug Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Aluminum Slug Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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