What is Global Aluminum Coils Market?
The Global Aluminum Coils Market is a vast and dynamic sector that deals with the production, distribution, and use of aluminum coils. These coils are made from a series of aluminum alloys, which are known for their lightweight, corrosion resistance, and excellent conductivity. The market is spread across the globe, with various key players contributing to its growth and development. The value of this market was estimated to be around US$ 74280 million in 2022. It is projected to grow at a steady pace, reaching an estimated value of US$ 98570 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period of 2023-2029. The market is dominated by four major manufacturers, who collectively hold a market share of approximately 38%. The largest producer in this market is China, contributing to 40% of the global production.
1xxx Series, 2xxx Series, 3xxx Series, 5xxx Series, 6xxx Series, 7xxx Series, 8xxx Series in the Global Aluminum Coils Market:
The Global Aluminum Coils Market is segmented into various series such as 1xxx, 2xxx, 3xxx, 5xxx, 6xxx, 7xxx, and 8xxx. Each series represents a different alloy composition and has unique properties that make it suitable for specific applications. The 1xxx series is known for its excellent corrosion resistance and high thermal and electrical conductivity. The 2xxx series is characterized by its high strength and is often used in aerospace applications. The 3xxx series is known for its excellent workability and is commonly used in the manufacture of cooking utensils. The 5xxx series is recognized for its superior corrosion resistance and is often used in marine applications. The 6xxx series is known for its good formability and corrosion resistance and is commonly used in architectural applications. The 7xxx series is characterized by its high strength and is often used in the manufacture of aircraft structures. Lastly, the 8xxx series is known for its excellent heat resistance and is commonly used in the manufacture of heat exchangers.
Packaging, Transportation, Construction, Industrial, Consumer Durables, Foil Stock, Other in the Global Aluminum Coils Market:
The Global Aluminum Coils Market finds its application in various sectors such as Packaging, Transportation, Construction, Industrial, Consumer Durables, Foil Stock, and Others. In the Packaging sector, aluminum coils are used in the manufacture of cans, foils, and other packaging materials due to their lightweight and excellent corrosion resistance. In the Transportation sector, they are used in the manufacture of vehicles due to their high strength-to-weight ratio. In the Construction sector, they are used in the manufacture of building materials due to their excellent workability and corrosion resistance. In the Industrial sector, they are used in the manufacture of machinery and equipment due to their high thermal and electrical conductivity. In the Consumer Durables sector, they are used in the manufacture of appliances and electronics due to their excellent heat resistance. In the Foil Stock sector, they are used in the manufacture of foils due to their excellent formability. Lastly, in the Other sector, they find their application in various other industries due to their versatile properties.
Global Aluminum Coils Market Outlook:
The Global Aluminum Coils Market was valued at US$ 74280 million in 2022 and is expected to reach a value of US$ 98570 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period of 2023-2029. The market is dominated by four major manufacturers, who collectively hold a market share of approximately 38%. China is the largest producer in this market, contributing to 40% of the global production. This data provides a snapshot of the current state of the market and its potential growth in the coming years.
| Report Metric | Details |
| Report Name | Aluminum Coils Market |
| Accounted market size in 2023 | US$ 79720 million |
| Forecasted market size in 2029 | US$ 98570 million |
| CAGR | 3.6 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Sales by Region |
|
| By Company | Novelis, Arconic, UACJ, Constellium, Chinalco, Mtalco, Nanshan, Ma’aden, Commonwealth, Granges, Luoyang Wanji, Zhongfu Industrial, Jiangsu Dingsheng, Kaiser, AMAG, Elval, Hulamin, ALVANCE, CBA, Liuzhou Yinhai |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
