What is Global Aluminum Rolled Plate Market?
The Global Aluminum Rolled Plate Market is a comprehensive study of the global market trends and growth prospects for aluminum rolled plates. This market is a segment of the broader aluminum industry, focusing specifically on rolled plates, which are flat, rectangular plates of aluminum that have been rolled into a specific thickness. These plates are used in a variety of industries, including automotive, aerospace, construction, and packaging, due to their lightweight, corrosion-resistant properties. The market for these plates is influenced by a variety of factors, including global economic conditions, the demand for aluminum in various industries, and the availability of raw materials. In 2022, the global market value for aluminum rolled plates was US$ 98820 million, and it is projected to reach US$ 119840 million by 2029. This represents a compound annual growth rate (CAGR) of 1.8% during the forecast period of 2023-2029.
1xxx Series, 2xxx Series, 3xxx Series, 5xxx Series, 6xxx Series, 7xxx Series, 8xxx Series in the Global Aluminum Rolled Plate Market:
The Global Aluminum Rolled Plate Market is segmented into several series based on their alloy composition. The 1xxx series is the purest form of aluminum with a minimum of 99% aluminum content. It is known for its excellent corrosion resistance, high thermal and electrical conductivity, and good workability. The 2xxx series is alloyed with copper and is known for its high strength and hardness. However, it has poor corrosion resistance compared to other series. The 3xxx series is alloyed with manganese and has medium strength, good formability, and high corrosion resistance. The 5xxx series is alloyed with magnesium and offers high strength, good weldability, and excellent corrosion resistance, especially in marine environments. The 6xxx series is alloyed with magnesium and silicon, which makes it heat-treatable. It has medium to high strength, good corrosion resistance, and good formability. The 7xxx series is alloyed with zinc and is the strongest aluminum alloy. It has excellent fatigue strength and high corrosion resistance. The 8xxx series is alloyed with other elements and is used for specific applications. Each series has its unique properties and applications, contributing to the diversity and versatility of the aluminum rolled plate market.
Packaging, Automotive, Trucks, & Ships, Building & Construction, Industrial, Aerospace, Tooling & Mold Blocks, Consumer Durables, Foilstock in the Global Aluminum Rolled Plate Market:
The Global Aluminum Rolled Plate Market finds its application in various sectors. In the packaging industry, aluminum rolled plates are used for making cans, foils, and other packaging materials due to their lightweight and corrosion-resistant properties. In the automotive industry, these plates are used in the manufacturing of car bodies, engine parts, and other components to reduce the vehicle's weight and improve fuel efficiency. In the construction industry, aluminum rolled plates are used for roofing, siding, and other structural applications due to their durability and resistance to weather conditions. In the aerospace industry, these plates are used in the manufacturing of aircraft bodies and other components due to their high strength-to-weight ratio and resistance to corrosion. In the industrial sector, these plates are used in various machinery and equipment for their strength and durability. In the consumer durables sector, these plates are used in the manufacturing of appliances, electronics, and other goods for their lightweight and aesthetic appeal. Each of these sectors contributes to the demand and growth of the global aluminum rolled plate market.
Global Aluminum Rolled Plate Market Outlook:
The global Aluminum Rolled Plate market outlook highlights the market's growth and key players. In 2022, the market was valued at US$ 98820 million and is expected to reach US$ 119840 million by 2029, growing at a CAGR of 1.8% during the forecast period 2023-2029. The top three manufacturers of Aluminum Rolled Plate, Novelis, Arconic, and UACJ, hold nearly 30% of the market share. China is the largest producer of Aluminum Rolled Plate, contributing over 40% of the global production, followed by Europe and the United States. This data provides a snapshot of the market's current state and its potential growth in the coming years.
| Report Metric | Details |
| Report Name | Aluminum Rolled Plate Market |
| Accounted market size in 2023 | US$ 107930 million |
| Forecasted market size in 2029 | US$ 119840 million |
| CAGR | 1.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Novelis, Arconic, UACJ, Constellium, Chinalco, Mtalco, Kobelco, Nanshan, Nippon Light Metal, Ma’aden, KUMZ, ALNAN, AMAG, Commonwealth, Granges, Luoyang Wanji, Zhongfu Industrial, Jiangsu Dingsheng, Kaiser, GLEICH |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
