Aluminum Rolled Products Market worth $62.5 billion by 2025, at a CAGR of 6.7%
October 2, 2020
“Browse 82 market data Tables and 33 Figures spread through 142 Pages and in-depth TOC on “Aluminum Rolled Products Market””
Aluminum Rolled Products Market by Grade (1xxx, 3xxx, 5xxx and 6xxx), End-Use Industry (Automotive & Transportation, Building & Construction, Packaging, Consumer Durables, Others) and Region (NA, Europe, APAC, MEA, SA)
The aluminum rolled products market size is estimated to be USD 45.2 billion in 2020 and projected to reach USD 62.5 billion by 2025, at a CAGR of 6.7% from 2020 to 2025. Growth in automotive & transportation, building & construction and other industries has fuel the growth of aluminium rolled products market. China, India, Japan, US, and Germany are the major countries leading in the market. However, the recent outbreak of Covid-19 is expected to impact the aluminum rolled products market severely.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=42516267
The 6xxx series grade is projected to lead the aluminum rolled products market
In 2019, the 6xxx series grade accounted for a larger share of the market and is also expected to grow at a highest CAGR during the forecastg period. This growth is attributed towards its properties such as Ultra-high tensile strength, coupled with the light weight of the 6xxx Series which enhances its usage in automotive & transportation industry.
The automotive & transportation industry is projected to be the major consumer of aluminum rolled products
Based on end-use industry, the global aluminum rolled products market is segregated into Automotive and Transportation (Automotive, Aerospace, Train and Ship building), Building and Infrastructure (Building Facades, Doors and Windows), Packaging, Consumer Durables, and Others. Other industries include machinery equipment, electricals & electronics, military equipment, tools & mould, and energy (windmills, et.c). Growth in automotive & transportation industry especially in developing countries such as China, India and others is expected to drive the growth of aluminum rolle products market. Automotive & transportation industry is also expected to register highest CAGR during the forecast period.
Based on region, the aluminum rolled products market is segregated into Asia Pacific, the Middle East & Africa, North America, Europe, and South America. Among these, the Asia Pacific accounted for the largest share in 2019 and is also expected to register highest CAGR during the forecast period. Availability of various large manufacturers such as UACJ Corporatation, coupled with growth in building & construction industry is expected to drive the growth of aluminum rolled products market in Asia Pacific.
Key players in the aluminum rolled products market, namely, Novelis Inc. (US), Constellium SE (France), Arconic Rolled Products Corporation (US), UACJ Corporation (Japan), and Norsk Hydro ASA (Norway) are considered for the study.
Request For Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=42516267
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact Company Name: MarketsandMarkets Contact Person: Mr. Aashish Mehra Email: Send Email Phone: 18886006441 Address:630 Dundee Road Suite 430 City: Northbrook State: IL 60062 Country: United States Website: https://www.marketsandmarkets.com/Market-Reports/aluminum-rolled-products-market-42516267.html
Press Release Distributed by ABNewswire.com
To view the original version on ABNewswire visit: Aluminum Rolled Products Market worth $62.5 billion by 2025, at a CAGR of 6.7%