The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising demand for personal care products is likely to spur innovation in aluminium slug manufacturing, propelling the market during the forecast period.

The global aluminum slug market is expected to grow from $3.69 billion in 2022 to $3.94 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The global aluminum slug market size is expected to reach $4.95 billion in 2027 at a CAGR of 5.9%.

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Global Aluminum Slug Market Segments Include:

• By Type: Round Type, Square And Rectangular Type, Perforated Type, Other Types
• By Material: PCR (Post-Consumer Recycled Aluminum), PIR (Post-Industrial Recycled Aluminum), Green Virgin Aluminum, Other Materials
• By Application: Tubes, Aerosols, Technical Parts, Other Applications
• By End-Users: Automotive, Food And Beverages, Personal Care, Pharmaceutical, Paint And Coating, Electrical, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global aluminum slug market in 2021.

Major Market Players in the aluminum slug market include Ball Corporation, Fuchuan Metal Technologies Co. Ltd., Aluminium Rheinfelden Semis GmbH, Talum, Aluman S.A., Haomei Aluminum, Alucon, Aluminium-Werke Wutoschingen.

Product innovation is a significant trend that is gaining traction in the aluminium slug market. Major players in the aluminium slug market are focusing on the development of innovative products. Novelis Inc., a US-based maker of flat-rolled aluminium products, for example, will debut laminated aluminium surfaces for beverage cans in September 2022. This innovation improves the efficiency of production processes while lowering CO2 emissions for European beverage firms and can makers. This aluminium sheet includes a black lamination film that is free of Bisphenol A (BPA) and per- and polyfluoroalkyl substances (PFAS), and black-colored beverage cans are very popular for new and imaginative beverage products and energy drinks.

The Aluminum Slug Global Market Report 2023  provides a aluminum slug market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aluminum slug market forecast analyzes aluminum slug market size, aluminum slug market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The aluminium slug is a sort of metal blank that comes in a variety of thicknesses and forms and is constructed of an aluminium alloy with a silver colour. These are employed in a variety of industries because they are sustainable, eco-friendly, and recyclable.

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