The Aluminum Slug Global Market Report 2023, provides comprehensive information on the aluminum slug market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Aluminum Slug Global Market Report 2023, the global aluminum slug market size is expected to grow from $3.69 billion in 2022 to $3.94 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aluminum slug market size is expected to reach $4.95 billion in 2027 at a CAGR of 5.9%.
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Product innovation is the key trend gaining popularity in the aluminum slug market. Major companies operating in the aluminum slug market are focusing on developing new products. For instance, in September 2022, Novelis Inc., a US-based producer of flat-rolled aluminum products, launched laminated aluminum surfaces for beverage cans. This innovation boosts production process effectiveness and reduces CO2 emissions for European beverage companies and can manufacturers. This aluminum sheet comes with a black laminating film that is free of Bisphenol A (BPA) and per- and poly-fluoroalkyl substances (PFAS) and black-colored beverage cans are extremely popular for fresh and inventive beverage items and energy drinks.
The aluminum slug market is segmented:
1) By Type: Round Type, Square And Rectangular Type, Perforated Type, Other Types
2) By Material: PCR (Post-Consumer Recycled Aluminum), PIR (Post-Industrial Recycled Aluminum), Green Virgin Aluminum, Other Materials
3) By Application: Tubes, Aerosols, Technical Parts, Other Applications
4) By End-Users: Automotive, Food And Beverages, Personal Care, Pharmaceutical, Paint And Coating, Electrical, Other End-Users
Asia-Pacific was the largest region in the aluminum slug market in 2022.
The table of contents in TBRC’s aluminum slug market report includes:
- Executive Summary
- Aluminum Slug Market Characteristics
- Aluminum Slug Market Trends And Strategies
- Aluminum Slug Market – Macro Economic Scenario
- Aluminum Slug Market Size And Growth
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- Africa Aluminum Slug Market
- Aluminum Slug Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Aluminum Slug Market
- Aluminum Slug Market Future Outlook and Potential Analysis
- Appendix
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