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Surging Automotive Industry Demand Fuels Growth In Aluminum Rolled Products Market: A Key Factor Shaping the Future of the Aluminum Rolled Products Market in 2025

02-21-2025 07:41 AM CET | Chemicals & Materials

Press release from: The Business research company

Aluminum Rolled Products Market

Aluminum Rolled Products Market

"What industry-specific factors are fueling the growth of the aluminum rolled products market?
The aluminum rolled products market's expansion is anticipated to be fueled by escalating demand from the automotive sector. Vehicle frames and bodies, wheels, electrical wiring, paint, lights, transmission systems, air conditioning condensers, and pipes in the automotive industry all utilize aluminum rolled products. As a result, the growing demand for automobiles will stimulate the growth of the aluminum rolled product sector. For example, the European Automobile Manufacturers Association reported in May 23 that global motor vehicle production soared to 85.4 million units in 22, an impressive 5.7% increase from 21. Additionally, in February 22, Brand Finance plc, a UK-based brand valuation firm, noted that the automobile sector reached an estimated 78 million unit sales in 22, a significant 10% increase. Hence, the increased demand from the automotive industry contributes to the development of the aluminum rolled products market.

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What Is the projected market size and growth rate for the aluminum rolled products market?
The market size for aluminum rolled products has seen a robust increase in the past few years. The value of the market is predicted to escalate from $59.14 billion in 24 to $63.21 billion in 25, at a compound annual growth rate (CAGR) of 6.9%. The historic growth has been influenced by increased demand in sectors like packaging, automotive, aerospace, shipbuilding, printing, and electronics. Other factors have been evolving consumer needs, governmental policies and regulations, multi-year contracts for supplying advanced aluminum rolled products, and heightened urbanization.

The aluminum rolled products market is projected to experience substantial growth in the upcoming years, eventually reaching a value of $89.86 billion in 29 at a CAGR of 9.2%. Several factors are contributing to this expected growth in the forecast period, including strategic moves by key market players, an increase in demand for aluminum rolled products, a flourishing automotive and transportation sector, an expanding electrical and electronics sector, as well as a rising demand for sustainable, recycled-scra*p aluminum. Notable market trends during the forecast period include a heightened focus on the circular economy, promoting lighter materials in transportation, innovative architectural designs, customization, formability, and a transition towards digitalization in manufacturing.

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What new trends are reshaping the aluminum rolled products market and its opportunities?
Product advancement is becoming an increasingly popular trend in the aluminum rolled product industry. This progression is characterized by the development or unveiling of a new item, or an improved iteration of a prior item. To illustrate this trend, in December 22, the India-based National Aluminium Company Limited (NALCO), a Navratna CPSE producer of aluminum and alumina, introduced an Aluminium LED Cap stock in Alloy AA1100 with temper H12, marketed in coil form. The design of this product was primarily intended for the production of aluminum-made caps for use in LED bulbs, acting as a heat sink. Given aluminum's superior capacity for heat dissipation, and the commendable conductivity of Alloy AA1100, it is ideally suited for usage in LED bulb caps.

What major market segments define the scope and growth of the aluminum rolled products market?
The aluminum rolled products market covered in this report is segmented -

1) By Product: Foil, Plate, Sheet
2) By Grade: 1xx Series, 3xx Series, 5xx Series, 6xx Series
3) By End User: Automotive and Transportation, Building and Infrastructure, Packaging, Consumer Durables, Other End-Users

Subsegments:
1) By Foil: Household Foil, Food Packaging Foil, Pharmaceutical Foil
2) By Plate: Thick Aluminum Plate, Thin Aluminum Plate, Specialty Plates
3) By Sheet: Standard Aluminum Sheet, Anodized Aluminum Sheet, Coated Aluminum Sheet

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Which region dominates the aluminum rolled products market?
Asia-Pacific was the largest region in the aluminum rolled products market in 24. The regions covered in the aluminum rolled products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the aluminum rolled products industry growth?
Major companies 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, Aluminum Corporation of China Limited, China Hongqiao Group Limited, China Zhongwang Holdings Limited, United Company RUSAL Plc, Emirates Global Aluminium, Gulf Aluminium Rolling Mill Company, Bahrain-based Gulf Aluminium Rolling Mill Company, Aluminium Bahrain BSC

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What Is Covered In The Aluminum Rolled Products Global Market Report?

•Market Size Forecast: Examine the aluminum rolled products market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the aluminum rolled products market for a structured understanding.
•Key Players Overview: Analyze major players in the aluminum rolled products market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aluminum rolled products market.
•Segment Contributions: Evaluate how different segments drive overall growth in the aluminum rolled products market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aluminum rolled products market.
•Industry Challenges: Identify potential risks and obstacles affecting the aluminum rolled products market.
•Competitive Landscape: Review strategic developments in the aluminum rolled products market, including expansions, agreements, and new product launches.

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