Aluminum Rolled Products Global Market Predicted to Augment and Reach over $81.9 Billion at a CAGR of 8.1% By 2028 | Novelis Inc., Constellium SE, Aleris Corp., Alcoa Inc., Granges AB

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Overview and Scope
Aluminum rolled products refer to the products that are manufactured through a process in which cast aluminum slabs are put through metal procedures to make them useful for further processing to form plates or sheets that can be further lengthened through cold and hot rolling processes that offer durable, high strength, and lightweight characteristics.

Sizing and Forecast
The aluminum rolled products market size has grown strongly in recent years. It will grow from $55.86 billion in 2023 to $59.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to growing demand for packaging, automobile, aerospace, ship, building, printing, and electronics industries, changing consumer demands, government policies and regulations, multi-year agreements for the supply of advanced aluminum rolled products, increased urbanization.

The aluminum rolled products market size is expected to see strong growth in the next few years. It will grow to $81.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to rising adoption of strategies by key players, increasing demand for aluminum rolled products, growing automotive and transportation industry, growth in the electricals and electronics industry, increasing demand for sustainable aluminum by recycling scrap. Major trends in the forecast period include focus on circular economy, lightweighting in transportation, architectural innovation, customization and formability, digitalization in manufacturing.

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Segmentation & Regional Insights
The aluminum rolled products market covered in this report is segmented –
1) By Product: Foil, Plate, Sheet
2) By Grade: 1xxx Series, 3xxx Series, 5xxx Series, 6xxx Series
3) By End User: Automotive and Transportation, Building and Infrastructure, Packaging, Consumer Durables, Other End-Users

Asia-Pacific was the largest region in the aluminium rolled products market in 2023. 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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Major Driver Impacting Market Growth
Rising demand from the automotive industry is expected to propel the growth of aluminum rolled products market. The automotive industry uses aluminum rolled products for the vehicle frame and body, wheels, electrical wiring, paint, lamps, transmission, air conditioner condenser, and pipes. As there is an increase in the demand for automotive it will drive the aluminum rolled products industry. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7% compared to 2021. Furthermore, in February 2022, according to Brand Finance plc, a UK-based brand valuation company, in 2022, the automobile sector achieved approximately 78 million-unit sales, marking a substantial 10% increase. Therefore, the rising demand from the automotive segment drives the growth of the aluminum rolled products market .

Key Industry Players
Major companies operating in the aluminum rolled products market report are 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, Hindustan Zinc Limited, Vedanta Limited

The aluminum rolled products market report table of contents includes:
1. Executive Summary