Aluminum Coils Market Summary
According to the new market research report “Global Aluminum Coils Market Report 2023-2029”, published by QYResearch, the global Aluminum Coils market size is projected to reach USD 121,550 million by 2029, at a CAGR of 1.7% during the forecast period.
The Aluminium coils market represents the supply of and demand for Aluminium sheet, plate and foil produced either from sheet ingot or continuously cast roll-stock in rolling mills operated by independent Aluminium coils products producers and integrated Aluminium companies alike.
Figure. Global Aluminum Coils Market Size (US$ Million), 2018-2029
Above data is based on report from QYResearch: Global Aluminum Coils Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.
Figure. Global Aluminum Coils Top 14 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Above data is based on report from QYResearch: Global Aluminum Coils Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.
The global key manufacturers of Aluminum Coils include Novelis, Arconic, UACJ, Constellium, Chinalco, Mtalco, Nanshan, Ma’aden, Commonwealth, Granges, etc. In 2022, the global top five players had a share approximately 39.0% in terms of revenue.
Figure. Aluminum Coils, Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Aluminum Coils Market Report 2023-2029.
Figure. Aluminum Coils, Global Market Size, Split by Application Segment
Based on or includes research from QYResearch: Global Aluminum Coils Market Report 2023-2029.
Market Drivers:
D1: Economic Growth. We believe that economic growth is a significant driver of aluminum rolled products demand. In mature markets, growth in demand has typically correlated closely with industrial production growth. In many emerging markets, growth in demand typically exceeds industrial production growth largely because of expanding infrastructures, capital investments and rising incomes that often accompany economic growth in these markets.
D2: Substitution Trends. Manufacturers’ willingness to substitute other materials for aluminum in their products and competition from substitution materials suppliers also affect demand. There has been a strong substitution trend toward aluminum in the use of vehicles as automobile manufacturers look for ways to meet fuel efficiency regulations, improve performance and reduce carbon emissions in a cost-efficient manner. As a result of aluminum’s durability, strength and light weight, automobile manufacturers are substituting heavier alternatives, such as steel and iron, with aluminum. Carbon fiber and plastics are other lightweight material options, but their relatively high cost and limited end-of-life recyclability reduce their competitiveness as widespread material substitutes today. Consequently, demand for flat-rolled aluminum products has increased.
Restraint:
Russia's invasion of Ukraine is expected to have a significant impact on global aluminum supply and prices, Aluminium prices have remained at elevated levels in recent weeks on supply concerns after European primary aluminum smelters were forced to cut their output due to energy crisis as they entered 2022. Meanwhile, the most-active aluminum contract for April delivery on the SHFE extended its stay above the crucial level of Yuan 22,000/mt, closing at Yuan 22,950/mt Feb. 24, up 0.6% from the previous close, SHFE data showed. EU's output curbs may widen as the invasion has added uncertainty to Europe's natural gas supply, sources said, raising concerns around tight global supply and elevated prices. However, some industry sources said the US may not impose sanctions on Russia's aluminium exports due to the trade flow issues faced by the global markets four years back. Russia-based Rusal is one of the largest aluminium producers across the world and plays a vital role in global supplies.
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