Report Code: A07549 | Pages: NA | Mar 2023 | 1381 Views | ||
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Request Now !Aluminum flat-rolled products is a process, which involves the conversion of the cast aluminum slab from the smelters and wrought into usable products such as plates, foil, and strips occurs. The preheating of the aluminum slab rolled down to customized thickness, tolerances, and gauge. The plants of aluminum rolled products are equipped with rolling mills and finishing equipment. Depending on the manufacturing process, the aluminum flat-rolled products market is divided into the cold rolling type and hot roiling type. Aluminum flat-rolled products are light in weight, have high strength, and prolonged durability, which make it a versatile material for use in different industries.
Surge in demand for aluminum due to the expansion of the automotive and aerospace industries is the major driving force of the global aluminum flat-rolled products market. High strength ratio of aluminum makes it a suitable material to be used in manufacturing purposes of transport and another industrial process, which significantly contributes toward the growth of the market. Moreover, aluminum exhibits superior advantages as it can be recycled repeatedly, thus providing sustainability to the products. Furthermore, rise in construction activities is a major driver of the aluminum flat-rolled products market. However, aluminum is more expensive than steel, and it requires a special welding process, which restrains the growth of the market.
Market players have been taking the necessary steps to improve the accuracy of products and overall functionality. The major manufacturers of aluminum flat-rolled products are attempting to make new aluminum products, which are more visually attractive with the help of recent technologies. The market players further focus on providing quality and service, and ensure to meet customer needs and expectations.Â
Most of aluminum used in automotive and other industrial applications, including transportation and constructions are further recycled. In addition, lightweight of aluminum compared to conventional steel makes it suitable for automotive applications. For instance, compared conventional steel vehicles, aluminum saves up to 108 million barrels of crude oil. Moreover, high impact resistance of aluminum (twice of mild steel) will further propel the growth of the automotive sector.
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Aluminum Flat-rolled Products Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights
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Key Market Players | Aleris, Alcoa, Mentenre, Hulamin, Garmco, Kaiser Aluminium, ELval, Constellium |
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