Aluminum Rolled Products Market by Product (Foil, Plate, Shate), Grade (1xxx Series, 3xxx Series, 5xxx Series), End-Use - Global Forecast 2024-2030

Aluminum Rolled Products Market by Product (Foil, Plate, Shate), Grade (1xxx Series, 3xxx Series, 5xxx Series), End-Use - Global Forecast 2024-2030

The Aluminum Rolled Products Market size was estimated at USD 55.62 billion in 2023 and expected to reach USD 59.48 billion in 2024, at a CAGR 7.34% to reach USD 91.37 billion by 2030.

The aluminum rolled products market encompasses a wide range of valuable products that use high-quality, versatile aluminum as their primary raw material. The aluminum rolled products are made from aluminum that has undergone a process known as 'cold rolling', enabling manufacturers to create sheets, plates, and foils with a broad range of thicknesses to suit specific applications. The increase in demand for aluminum-rolled products from the packaging industry has surged the demand for products in the market. The growth in commercial and residential building infrastructure activities creates an increasing need for aluminum rolled products. The growing emphasis on adopting lightweight and durable materials from the aerospace and automotive industries is driving the demand for aluminum rolled sheets & plates. However, high volatility in raw materials prices may limit the adoption of aluminum rolled products. The environmental concerns associated with aluminum production is also a concerning factor for the market. Moreover, the evolution of recycled and low-carbon rolled aluminum products is creating growth potential in the market. The rapid expansion of aluminum rolled product manufacturing facilities is also expected to attract significant opportunities for market growth.

Regional Insights

In the Americas, particularly in the U.S. and Canada, the aluminum industry plays a significant role with a multitude of established companies. Many industries in the region, such as automotive, packaging, and construction, are increasing their use of lightweight, corrosion-resistant rolled aluminum. In terms of production, the Americas contribute significantly to global aluminum output, with the U.S.A. being one of the top aluminum producers worldwide, creating immense manufacturing opportunities for aluminum rolled products. Asia, especially China, stands as a major player in the global aluminum rolled products market, which is contributed by the presence of large-scale companies. Explosive demand growth is driven by rapid industrialization, urbanization, and the green energy sector. China and India, reigning as some of the largest aluminum producers, host the largest consumption market for aluminum rolled products. In Europe, major producers are Germany, France, and Norway, with well-established companies. The use of aluminum-rolled products is extensive in the aerospace, automotive, and packaging industries in the region, replacing heavier materials to reduce carbon emissions. Strict environmental regulations and energy costs have enabled the region to monitor the production process of aluminum products and make them more sustainable. The Middle East's aluminum sector is mainly centered in the United Arab Emirates and Bahrain, and they mostly cater to the global market, with exports driving demand, mainly targeting the auto and construction sectors.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Aluminum Rolled Products Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increase in demand for aluminum rolled products from packaging industry
• Growth in commercial and residential building infrastructure activities
• Significant emphasis on adopting lightweight and durable materials from automotive and aerospace industry

Market Restraints

• High volatility in prices of raw materials

Market Opportunities

• Evolution of recycled and low carbon rolled aluminum products
• Rapid expansion of aluminum rolled product manufacturing facilities

Market Challenges

• Environmental concerns associated with aluminum production

Market Segmentation Analysis

• Product: Increasing utilization of aluminum rolled shate in industrial applications.
• Grade: Enhancements in performance based on aluminum grade
• End-Use: Diverse applications of aluminum rolled products in packaging industries.

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Aluminum Rolled Products Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Aluminum Rolled Products Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Shyam Metalics to make aluminum foils for lithium-ion batteries, stock gains

Shyam Metalics has announced its expansion into the energy storage segment by launching battery-grade aluminum foils tailored to manufacturing lithium-ion batteries. This initiative aligns with India's move to establish expansive lithium-ion cell factories and represents a significant step towards self-reliance in energy storage solutions. Shyam Metalics aims to play a pivotal role in the domestic supply chain for aluminum foil.

Hindalco subsidiary signs deal with US-based Ball Corporation to supply aluminium beverage can sheet

Hindalco Industries' subsidiary, Novelis, signed an agreement with Ball Corporation to be the provider of aluminum can sheets to the latter's manufacturing facilities in North America. The deal emphasizes the successful allocation of the entire production capacity of Novelis' new facility in Bay Minette, Alabama, which highlights the robust market demand for its high-recycled-content aluminum sheet.

ACG acquires Technical Aluminium Foil Company

ACG Group has announced the acquisition of Technical Aluminium Foil Company (TAFC), marking an expansion of ACG's footprint in the Middle Eastern and African markets. The integration of TAFC, a UAE-based aluminum foil packaging firm, notably enhances ACG's range of premium packaging options.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Aluminum Rolled Products Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Aluminum Rolled Products Market, highlighting leading vendors and their innovative profiles. These include Akao Aluminium Co,. Ltd, Aluminium Bahrain B.S.C., AMAG Austria Metall AG, Arconic Corporation, Century Aluminum Company, CHAL Aluminium Corporation, Chalco Aluminum Group, Constellium Group, Gabrian International (H.K.) Ltd., Gränges AB, Gulf Aluminium Rolling Mill B.S.C., Hindalco Industries Limited, Hulamin Limited, Jindal Aluminium Limited, JW Aluminum, Kaiser Aluminum Corporation, Kobe Steel, Ltd., Laminazione Sottile S.p.A., MA Aluminum Corporation, National Aluminium Company Limited, Nippon Light Metal Company, Ltd., Norsk Hydro ASA, Rio Tinto Group, Speira GmbH, Sumitomo Corporation, Ta Chen Stainless Pipe Co., Ltd., UACJ Corporation, United Aluminum, Vedanta Limited, Viohalco S.A., Wuxi Zhongcai Group Co.,Ltd ., and Wuxi Zhongyuantong Steel Co.,Ltd.

Market Segmentation & Coverage

This research report categorizes the Aluminum Rolled Products Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Product
• Foil
• Plate
• Shate
• Sheet
• Grade
• 1xxx Series
• 3xxx Series
• 5xxx Series
• 6xxx Series
• End-Use
• Aerospace
• Automotive & Transportation
• Building & Infrastructure
• Industrial
• Consumer Electronics
• Electrical Cables
• Thermal Insulation
• Packaging
• Chemicals
• Cosmetics
• Food

Region

Americas

Argentina

Brazil

Canada

Mexico

United States

California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific

Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam

Europe, Middle East & Africa

Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year