Report Code: A15852 | Pages: NA | Jul 2023 | 1337 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Aluminium Rolled Products Market
Request Now !The term "aluminium rolled products" refers to things made from rolling aluminium and aluminium alloy. Aluminium is an electronegative metal with a high affinity for oxygen. It is the world's sixth most ductile and second most malleable metal. Aluminium has a high degree of conductivity and, when alloyed, it also has a high degree of strength. Aluminium rolled products, such as sheets, coils, and plates, are flat-rolled using cold and hot rolling processes.
The market concentration of aluminium rolled products is low due to the low technological barrier of aluminium rolled products. Aluminium rolled goods account for about half of all aluminium alloys utilized. Aluminium rolled goods are utilized in a variety of industries such as automobiles and transportation, aircraft, construction and infrastructure, consumer durables and packaging, and others.
 COVID-19 Impact Analysis
Top Impacting Factors
In many industries such as foil and packaging, building and construction the processing and utilization of aluminium equipment is increasing which will drive the growth of aluminium rolled products market. Due to the flexible-foil-based property, the usage of aluminium rolled products in the packaging sector is increasing. The usage of aluminium foil packaging sector of food and beverages and also in medical packing increase the demand of aluminium rolled products. Manufacturing fuel-efficient lightweight automobiles is done by using aluminium rolled products. And the increase in the automobile industry will drive the growth of aluminium rolled products market. Expansion of the building and construction industry, increasing R&D activities to produce innovative and cheaper aluminium products, and rapid urbanization will boost the market growth. An increase in value-added and recycled aluminium products and the need for aluminium in many emerging economies will create an opportunity for aluminium rolled products market. The greenhouse gas emissions is the another challenge for the market.
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