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How has the aluminum rolled products market grown in recent years?

The market size for aluminum rolled products has seen a significant increase in the past few years. It is expected to grow from $59.14 billion in 2024 to $63.21 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. The historical expansion was fuelled by increased demand in sectors such as packaging, automobile, aerospace, ship, building, printing, and electronics. Other factors contributing to the growth include evolving consumer needs, governmental policies and regulations, long-term contracts for the provision of advanced aluminum rolled products, and a surge in urbanization.

How is the aluminum rolled products market size expected to evolve during the forecast period?

The market for aluminum rolled products is predicted to significantly expand in the upcoming years. It is projected to reach $89.86 billion by 2029 with a compound annual growth rate (CAGR) of 9.2%. This projected growth within the forecast period can be linked to increased strategy adoption from major industry players, rising demand for these products, expansion of the automotive and transportation sectors, growth in the electrical and electronic industries, and increased demand for eco-friendly aluminum through scrap recycling. Key trends for this period will focus on developing a circular economy, lightweight transportation, architectural advancements, customization and formability, along with an increase in digital manufacturing.

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Which key drivers are propelling the aluminum rolled products market’s growth?

The aluminum rolled products market is predicted to experience a growth surge, largely due to an increasing demand from the automobile industry. This industry utilizes aluminum rolled products for various applications, including car bodies and frames, wiring, wheels, lamps, paint, transmission, air conditioning condensers, and piping. The escalating demand for vehicles is, therefore, directly impacting the expansion of the aluminum rolled products sector. For example, the European Automobile Manufacturers Association, based in Belgium, reported in May 2023 that global motor vehicle production had risen to 85.4 million units in 2022. This marked a significant 5.7% increase in comparison to the previous year. Furthermore, a 2022 report from Brand Finance plc, a UK-based firm specializing in brand evaluation, revealed that automobile sector sales had reached nearly 78 million units in that year, signifying a robust 10% rise. Consequently, the growing demand in the automotive sector is spurring growth in the aluminum rolled products market.

What are the market segments in the aluminum rolled products industry?

The aluminum rolled products market covered in this report is segmented – _x000D_

_x000D_

1) By Product: Foil, Plate, Sheet_x000D_

2) By Grade: 1xxx Series, 3xxx Series, 5xxx Series, 6xxx Series_x000D_

3) By End User: Automotive and Transportation, Building and Infrastructure, Packaging, Consumer Durables, Other End-Users_x000D_

_x000D_

Subsegments:_x000D_

1) By Foil: Household Foil, Food Packaging Foil, Pharmaceutical Foil _x000D_

2) By Plate: Thick Aluminum Plate, Thin Aluminum Plate, Specialty Plates _x000D_

3) By Sheet: Standard Aluminum Sheet, Anodized Aluminum Sheet, Coated Aluminum Sheet

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Which leading companies are shaping the growth of the aluminum rolled products market?

Major companies operating in the aluminum rolled products market include Novelis Inc., Constellium SE, Arconic Rolled Products Corporation, Aleris Corp., Hulett Aluminium (Pty) Limited, Hindalco Industries Ltd., AMAG rolling GmbH, Alcoa Inc., Kaiser Aluminum Corp., JW Aluminum Continuous Cast Company, Viohalco SA, Granges AB, Impol Aluminum Corp., Bharat Aluminium Company Ltd., Laminazione Sottile SpA, Jindal Aluminium Limited, Century Aluminum Co., Tri-Arrows Aluminum Inc., Logan Aluminum Inc., Norsk Hydro ASA, Hydro Extrusion North America LLC, United Aluminum Corporation, Aluminum Corporation of China Limited, China Hongqiao Group Limited, China Zhongwang Holdings Limited, United Company RUSAL Plc, Emirates Global Aluminium, Gulf Aluminium Rolling Mill Company, Bahrain-based Gulf Aluminium Rolling Mill Company, Aluminium Bahrain BSC

What key trends are currently impacting the aluminum rolled products market’s development?

Product innovation is becoming a leading trend in the aluminum rolled product market. This trend involves either creating something entirely new or upgrading an existing product. For example, in December 2022, the National Aluminium Company Limited (NALCO), a renowned producer of aluminum and alumina in India, introduced an Aluminium LED Cap stock in Alloy AA1100 with temper H12. This product, available in coil form, was specifically designed to manufacture aluminum caps used in LED bulbs and serve as heat sinks. The high heat-dissipating property of aluminum and the strong conductivity of Alloy AA1100 make them ideal for LED bulb cap applications.

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Which geographic areas are influencing the growth of the aluminum rolled products market?

Asia-Pacific was the largest region in the aluminum rolled products market in 2024. The regions covered in the aluminum rolled products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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