A12110 | Pages: NA | Jul 2022 | 925 Views | ||
Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
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Flat rolling processing transforms an aluminum ingot known as a slab into a thinner product or a plate, resulting in aluminum flat products. Aluminum flat products are widely used in the production of cans, foil, automobile bodies, and equipment and machinery, which may boost demand for aluminum flat products. The global aluminum flat products market is expected to be driven by rising demand for lightweight components in the automotive industry. Household utensils, packages, closures, building interiors and exteriors, roofs, and home electric appliances are just a few of the applications for aluminum flat products. Aluminum cans, for example, have a higher recycling rate than other packaging materials. They are light, stackable, and durable, allowing brands to package and transport more beverages with less material.
Market Scope and Structure Analysis
Report Metric | Details |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered |  Product Type, End-Use Industry, and Region |
 Regions Covered |  North America, Europe, Asia-Pacific, and LAMEA |
 Companies Covered | Hindalco Industries Limited (India), Alcoa Corporation (US), Constellium (The Netherlands), Norsk Hydro ASA (Norway), Aluminum Corporation of China (Chalco) (China), Arconic (US), NALCO (India), UACJ Corporation (Japan), Elvalhalcor Hellenic Copper and Aluminum Industry S.A. (Greece), and JW Aluminum (US) |
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COVID-19 Impact analysis
Despite the fact that the COVID-19 pandemic is still transforming the growth of various industries, the outbreak's immediate impact is varied. While some industries are expected to experience a drop in demand, many others will remain unaffected and show promising growth prospects. The lockdown has affected majorly on the supply chain management of the aluminum market.
Top Impacting Factors
Market growth has been fueled by the increased use of aluminum flat products to reduce vehicle and aircraft weight. To meet regulatory requirements and meet the targets set for reducing greenhouse gas emissions, vehicles are being manufactured with high fuel efficiency. The use of aluminum instead of steel and iron is expected to drive the market growth during the forecast period. Because of their lightweight and good formability, the use of sheets and plates in automotive manufacturing is increasing. In the automotive industry, the car's aesthetics and crashworthiness are critical considerations. Aluminum flat products market growth could be boosted by rising demand in construction due to its maintenance-free and corrosion-resistant properties. Aluminum bars are used owing to their unique combination of strength and lightness, allowing for neat and unobtrusive frames, sashes, and fittings.
Market Trends
Key Segments Covered
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Key Benefits of the Report
Questions Answered in the Aluminum Flat Products Report
Key Market Segments
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