Global Aluminium Flat Rolled Products Market is projected to exhibit a CAGR of 6.53% between 2017 and 2024

Author: QYResearch  |   Published Date: 2018-08-18   |   Views: 238


Global Aluminium Flat Rolled Products Market: Market Driver and Restraint

Aluminium’s low density, excellent formability, and strength-to-weight ratio make it the material of choice for lightweighting mobility solutions. Lighter components translate directly into lower fuel consumption and emissions over the use phase of a vehicle’s lifetime. But aluminium offers more than just light weight. It is also easy to develop into state-of-the-art composite materials with exceptional characteristics. Integrating aluminium into existing processes is also much simpler than utilising non-metallic materials. Demand from transportation industry will provide sufficient support for the industry.

As for restraint, substitute, such as aluminium casting and extrusions, impact its market deeply. Besides, the price fluctuations of aluminium metal plays key role on the market.

Global Aluminium Flat Rolled Products Market: Key Takeaways

·           The key raw materials of aluminium flat rolled products are aluminium. Price changes of aluminium will influence the rolled products deeply.

·           In terms of form, the demand for sheet is the highest, followed by plate.

·       The substitutes of aluminium flat rolled products include aluminum extrusions and castings. Customers have diverse requirements and rolled aluminium should keep keen on those issues, or their market share will replace by substitutes.

Global Aluminium Flat Rolled Products Market: Forecast by Nature

Aluminium flat rolled products include sheet, plate and foil. Aluminium flat rolled products are usually made by rolling thick aluminium between rolls that reduce the thickness and lengthen it through hot and cold rolling processes. Due to distinctive advantages, aluminium flat rolled products have been widely used in many industries.

Global Aluminium Flat Rolled Products Market: Forecast by Application

Applications include transportation, packaging, building & construction, machine & equipment, electrical and so on. The packaging sector is one of the largest markets for aluminium and is also one of the few markets where only flat rolled products - foil and low gauge sheet - are used. Aluminium packaging solutions deliver freshness, convenience, and security for food, beverages, pharmaceuticals and other products. Aluminium flat rolled products can be used to produce structures, appliances, tools and so on.  Among various applications, demand from packaging industry accounts for the largest consumption share with 35.29% in 2017 globally.

Global Aluminium Flat Rolled Products Market: Forecast by Form

According to the product form, aluminium flat rolled products can be mainly divided into plate, sheet and foil. When considering its manufacturing process, aluminium flat rolled products are classified as cold rolling type and hot rolling type. In cold rolling process, typically it's a process in which the metal sheet or strip stock is placed between rollers and then compressed and squeezed. The amount of strain generated determines the hardness of the finished product. There can be numerous types of cold rolling mill, which can produce different types of rolled product, with thicknesses as low as 0.05mm. Hot rolling is a metalworking process in which metal is heated above the recrystallization temperature to plastically deform it in the working or rolling operation. This process is used to create shapes with the desired geometrical dimensions and material properties while maintaining the same volume of metal. The hot metal is passed between two rolls to flatten it, lengthen it, reduce the cross-sectional area and obtain a uniform thickness.

Global Aluminium Flat Rolled Products Market: Forecast by Region

North America, South America, Europe, China and Other Asia are the five regions that are included in this report. China is the largest base of aluminium flat rolled products globally with the share of 57.22% in 2017. When refers to the consumption, China is also the largest one and contributed 34.98% share in the consumption market in 2017. North America is the follower with consumption volume of 5544 K MT.

Global Aluminium Flat Rolled Products Market: Key Players

Hindalco, UACJ, Arconic, Hydro, Constellium, Aleris, Gulf Aluminium Rolling Mill, AMAG Rolling, Chinalco Group, JW Aluminium, Mingtai Aluminium, Yieh Group, RUSAL, Xiashun Holdings, SNTO, Nanshan Aluminium, KOBELCO, Lotte,  are the key vendors included in this report.

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