Press release
Sustainable Trends and Robust Growth Drive the Global Aluminum Casting Market: Comprehensive Forecast 2025-2029
Global Aluminum Casting Market
Aluminum Rolled Products Poised for Strong Growth, Targeting $63.21 Bn by 2025 and $89.86 Bn by 2029 with Robust CAGR of 6.9% and 9.2% Respectively
What Is The Projected Market Size Of The Global Aluminum Rolled Products Market And Its Growth Rate?
Notable growth in the Aluminum Rolled Products Market is witnessed in recent years thanks to an increased demand across multiple sectors.
• The market is expected to grow from $59.14 billion in 2024 to $63.21 billion in 2025.
• The Compound Annual Growth Rate during this period is projected at 6.9%.
• Looking ahead, the market is expected to further grow to $89.86 billion in 2029, with a CAGR of 9.2%.
What Is Driving The Growth In The Aluminum Rolled Products Market?
The Aluminum Rolled Products Market is primarily driven by increased demand from the automotive industry. Various components of a vehicle like the frame, body, wheels, electrical wiring, paint, lamps, transmission, air conditioner condenser, and pipes rely heavily on aluminum rolled products. Rising production and sales in the automotive sector are thus expected to drive this industry. For example, as per the European Automobile Manufacturers Association, global production of motor vehicles in 2022 reached 85.4 million units, reinforcing an increase of 5.7% over 2021. Further, figures from the UK-based brand valuation company, Brand Finance plc, show automobile sector sales in 2022 touching 78 million units, a healthy 10% year-on-year increase.
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Who Are the Key Players Driving Aluminum Rolled Products Market Growth?
Major players operating in the aluminum rolled products market include:
• Novelis Inc.
• Constellium SE
• Arconic Rolled Products Corporation
• Aleris Corp.
• Hulett Aluminium (Pty) Limited
• Hindalco Industries Ltd.
• AMAG rolling GmbH
• Alcoa Inc.
• Kaiser Aluminum Corp.
• JW Aluminum Continuous Cast Company
• Viohalco SA
• Granges AB
• Impol Aluminum Corp.
• Bharat Aluminium Company Ltd.
• Laminazione Sottile SpA
• Jindal Aluminium Limited
• Century Aluminum Co.
• Tri-Arrows Aluminum Inc.
• Logan Aluminum Inc.
• Norsk Hydro ASA
• Hydro Extrusion North America LLC
• United Aluminum Corporation
What Are The Key Trends In The Aluminum Rolled Products Market?
Key emerging trends in the aluminum rolled products market include:
• Focus on circular economy
• Lightweighting in transportation
• Architectural innovation
• Customization and formability
• Digitalization in manufacturing
What Are The Segments Of The Global Aluminum Rolled Products Market?
The global aluminum rolled products market is divided based on:
• Product: Foil, Plate, Sheet
• Grade: 1xx*x Series, 3xx*x Series, 5xx*x Series, 6xx*x Series
• End User: Automotive and Transportation, Building and Infrastructure, Packaging, Consumer Durables, and Other End-Users
Which Region Leads The Aluminum Rolled Products Market?
The Asia-Pacific region held the largest share in the aluminum rolled products market in 2024, followed by Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aluminum Rolled Products Market Global Market Report?
• Market Size Analysis: Analyze the Aluminum Rolled Products Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Aluminum Rolled Products Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Aluminum Rolled Products Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Aluminum Rolled Products Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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