Aluminum rolled products market is anticipated to grow at a CAGR of 6.4% during the forecast period. The global aluminum rolled products market growth is driven by major factors such as the rising adoption of aluminum rolled products in the end-user sectors owing to its high degree of conductivity, strength, extreme resistance to corrosion, and others. In addition, the rising adoption of aluminum rolled products in foil and packaging, food and beverages, and building and construction industries is further projected to increase its scope on a wider level in upcoming years. Apart from these factors, increasing R&D activities to produce innovative and cheaper aluminum products, and rapid urbanization will boost the market growth. Rising demand from the automotive industry is expected to propel the growth of aluminum-rolled products. Aluminum rolled products are being used in the manufacturing of vehicle frames and body parts. The increased vehicle production is one of the prominent factors that has propelled product demand. For instance, according to Association des Constructeurs Européens d’Automobiles, in 2021, 79.1 million motor vehicles were produced globally, an increase of 1.3% compared to 2020.
Moreover, the presence of prominent market players and strategies adopted by them also assist in market expansion. For instance, in April 2020, Hindalco Industries Limited acquired Aleris Corp for $2.8 billion. Through this acquisition, Hindalco and Novelis aim at diversifying their metals downstream portfolio into the aerospace market. Furthermore, strict laws of government for carbon emission will boost the growth of the aluminum rolled products market.
Segmental Outlook
The global aluminum rolled products market is segmented based on grade and end-user industry. Based on grade, the market is sub-segmented into 1xxx series, 3xxx series, 5xxx series, 6xxx series, and others. Similarly, based on the end-user industry, the market is subdivided into automotive and transportation, aerospace and defense, building & infrastructure, packaging, consumer durables, and others. Among these, the aerospace and defense segment is anticipated to hold a significant market share in the market during the forecast period. The segment growth is attributed to the growing demand from aircraft manufacturers due to its lightweight and strong. It also allows an aircraft to carry more weight and or become more fuel efficient. This is the major reason the demand for aluminum rolled products in the aerospace industry is growing.
Regional Outlook
Geographically, the global aluminum rolled products market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Among these, the North American region dominated the market and accounted for the highest market share in 2021. The regional growth is attributed to the increasing automotive industry, improving demand for fuel-efficient and lightweight automobiles, and stringent government regulations on carbon emissions.
Global Aluminum Rolled Products Market Growth By Region, 2022-2028
Asia-Pacific Region is Expected to Witness Fastest Growth in Aluminum Rolled Products Market
Geographically, the Asia-Pacific region is expected to be the fastest growing aluminum rolled products market. The changing lifestyle of the population and expansion of the building and construction industry that has boosted the aluminum rolled products demand are the key factors driving the market growth. The availability of various large manufacturers and availability of labor and raw materials at low cost in the region is further driving the market growth. Apart from these, the rapidly increasing population and urbanization are other factors expected to fuel the growth of the market during the forecast period.
Market Players Outlook
The major market players in the global aluminum rolled products market include Hindalco Industries, Ltd., Norsk Hydro ASA, Arconic Corp., Constellium SE, Alcoa Inc., AMAG Austria Metall AG, Hulamin, UACJ Corp. and others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in February 2019, Arconic Rolled Products Corp invested $100 million into the expansion of its hot mill capabilities and the addition of downstream equipment capabilities for the manufacture of industrial and automotive aluminum products.
The Report Covers
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Hindalco Industries, Ltd.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Norsk Hydro ASA
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Arconic Corp.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Constellium SE
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Aluminum Rolled Products Market by Grade
4.1.1. 1xxx Series
4.1.2. 3xxx Series
4.1.3. 5xxx Series
4.1.4. 6xxx Series
4.1.5. Others
4.2. Global Aluminum Rolled Products Market by End-User Industry
4.2.1. Automotive and Transportation
4.2.2. Aerospace and Defense
4.2.3. Building & Infrastructure
4.2.4. Packaging
4.2.5. Consumer Durables
4.2.6. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Alcoa Inc.
6.2. AMAG Austria Metall AG
6.3. Bharat Aluminium Co., Ltd.
6.4. China Hongqiao Group Co., Ltd.
6.5. Gulf Aluminium Rolling Mill B.S.C (c) (GARMCO)
6.6. Hubei HYD Aluminum Co., Ltd.
6.7. Hulamin
6.8. Impol Aluminum Corp.
6.9. Jindal Aluminum, Ltd.
6.10. JW Aluminum
6.11. Kaiser Aluminum Corp.
6.12. Laminazione Sottile S.p.A.
6.13. NALCO India
6.14. Toyo ALUMINUM Ekco Products Co., Ltd.
6.15. UACJ Corp.
1. GLOBAL ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
2. GLOBAL 1XXX SERIES ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL 3XXX SERIES ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL 5XXX SERIES ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL 6XXX SERIES ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL OTHERS ALUMINUM ROLLED PRODUCTS GRADE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
8. GLOBAL ALUMINUM ROLLED PRODUCTS FOR AUTOMOTIVE AND TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL ALUMINUM ROLLED PRODUCTS FOR AEROSPACE AND DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL ALUMINUM ROLLED PRODUCTS FOR BUILDING & INFRASTRUCTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL ALUMINUM ROLLED PRODUCTS FOR PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL ALUMINUM ROLLED PRODUCTS FOR CONSUMER DURABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL ALUMINUM ROLLED PRODUCTS FOR OTHER END-USER INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
17. NORTH AMERICAN ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
18. EUROPEAN ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. EUROPEAN ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
20. EUROPEAN ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
24. REST OF THE WORLD ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
25. REST OF THE WORLD ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD ALUMINUM ROLLED PRODUCTS MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
1. GLOBAL ALUMINUM ROLLED PRODUCTS MARKET SHARE BY GRADE, 2021 VS 2028 (%)
2. GLOBAL ALUMINUM ROLLED PRODUCTS MARKET SHARE BY END-USER INDUSTRY, 2021 VS 2028 (%)
3. GLOBAL ALUMINUM ROLLED PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL 1XXX SERIES ALUMINUM ROLLED PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
5. GLOBAL 3XXX SERIES ALUMINUM ROLLED PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL 5XXX SERIES ALUMINUM ROLLED PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL 6XXX SERIES ALUMINUM ROLLED PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL OTHERS ALUMINUM ROLLED PRODUCTS GRADE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL ALUMINUM ROLLED PRODUCTS FOR AUTOMOTIVE AND TRANSPORTATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL ALUMINUM ROLLED PRODUCTS FOR AEROSPACE AND DEFENSE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL ALUMINUM ROLLED PRODUCTS FOR BUILDING & INFRASTRUCTURE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL ALUMINUM ROLLED PRODUCTS FOR PACKAGING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL ALUMINUM ROLLED PRODUCTS FOR CONSUMER DURABLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL ALUMINUM ROLLED PRODUCTS FOR OTHER END-USER INDUSTRIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. US ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
17. UK ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD ALUMINUM ROLLED PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)