Aluminum laminated film is an aluminum foil or resin film composite material, which offers higher flexibility in molding, better heat dissipation, and it is lightweight compared to metallic cans. This aluminum laminated film is widely used as packaging material for lithium-ion batteries, which finds application in consumer electronics, e-bikes & e-scooters, power tools, and electric vehicle batteries.
Market Dynamics
The global aluminum laminated film market growth is expected to be driven by increasing demand for energy storage systems from the power generation sector. The energy storage system uses a group of batteries such as lithium-ion batteries to store electrical energy. Players operating in energy storage systems are focusing on new product launches, which are expected to drive demand for aluminum laminated film. For instance, in July 2019, Tesla, Inc., launched its new utility-scale energy storage system “Megapack”, an alternative to natural gas power plants. Prominent players operating in aluminum laminated film are focused on adopting strategies such as product development to strengthen their position in the global market.
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