Global Aluminum Plates and Sheet Coils Market 2016-2020
About Aluminum Plates and Sheet Coils
Aluminum plates and sheet coils are flat-rolled products (FRPs) and are used in many consumer packaging, pharmaceutical packaging, and industrial applications. This is attributable to their flexibility, durability, and sustainability.
Technavio’s analysts forecast the global aluminum plates and sheet coils market to grow at a CAGR of 3.52% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global aluminum plates and sheet coils market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of aluminum plates and sheet coils for food and beverage, building and construction, automotive and transportation, aerospace and defense, industrial and general engineering, and other end users to calculate the market size by considering 2015 as the base year.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aluminum Plates and Sheet Coils 2016-2020
Technavio recognizes the following companies as the key players in the global aluminum plates and sheet coils market: Alcoa, Aleris, Hindalco Industries, Constellium, and Norsk Hydro
Other Prominent Vendors in the market are: Tajik Aluminum (TALCO), Hulamin, Chinalco, Guangzhou Xinghe, Kaidi Industrial, Logan Aluminum, Shandong Xintong Aluminum, and China Hongqiao Group
Commenting on the report, an analyst from Technavio’s team said: “Aluminum composite panels are not only durable but also require less maintenance. These panels are also flexible enough to meet the requirements of interior decorators. The rise in building and construction activities will foster the demand for aluminum composite panels for decorative purposes during the forecast period. Aluwell offers polyester aluminum composite panels for interior decorative purposes due to their excellent sound insulation and flexibility. The company also offers mirror finish and brush finish aluminum composite panels for decorative purposes.”
According to the report, many automotive components that were usually manufactured using ferrous materials (iron or steel) are being replaced by non-ferrous materials such as aluminum and magnesium. This is attributable to properties such as the light weight, resistance to corrosion, and high conductivity of aluminum.
Further, the report states that the government of China is also providing tax rebates for the export of semi-fabricated and value-added products, which consequently reduces their costs. Due to this, regions such as the EU, are facing intense competition from semi-finished products from the country. In addition, the importers of primary aluminum from China have to absorb the hike in prices. This hike in the price of primary aluminum is also transferred to the downstream products, including aluminum plates and sheet coils, thereby hindering the market growth.
Alcoa, Aleris, Hindalco Industries, Constellium, Norsk Hydro, Tajik Aluminum (TALCO), Hulamin, Chinalco, Guangzhou Xinghe, Kaidi Industrial, Logan Aluminum, Shandong Xintong Aluminum, China Hongqiao Group.
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