Aluminum Plates Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Constellium, Kaiser Aluminum, Alcoa, Aleris

Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of  5.2% during the review period (2022 to 2027)

Aluminum Plates Market Overview

Aluminum plate is made of aluminum, a ductile silver-white metal generally found in earth’s crust. It is layered with a variation of surface finishing, welding and forming as per the industry application. Aluminum plates are broadly accepted in the different sector attributed to its properties such as, lightweight, durability and recyclable nature that is gaining traction across the earth.Aluminum plate is broadly used for heavy-duty applications including, food & beverage industry for packaging and preserving, transportation, military, aerospace, automotive product manufacturing, etc. The aluminum plates are machined to shape and forms the spacecraft fuel tanks and outer body of jets. It is also used for storage tanks across businesses. The reason being, the aluminum alloy gain strength at extremely cold temperatures.Aluminum plate is mostly used for heavy-duty applications comprising, food and beverage industry for packaging and preserving, transportation, military, aerospace, automotive product manufacturing, etc. The aluminum plates are machined to shape and forms the spacecraft fuel tanks and outer body of jets. It is also used for storage tanks across industries.The purpose being, the aluminum alloy gain strength at enormously cold temperatures.

Favorable properties such as light weight, non-corrosive, high thermal conductivity have propelled the use of aluminum plates and sheet coils in the automotive sector, replacing steel and other metals. The automotive sector has witnessed a shift in its preference toward lightweight vehicles, and this shift is a main factor which has led to an increase in demand for aluminum plates and sheet coils. Also, aluminum plates and sheet coils are extensively employed in the building and construction industry since they offer high conductivity and energy efficiency in constructing sustainable buildings. Aluminum plates are further utilized in the food and beverage industry for packaging and preserving. So, increase in consumption of ready-to-eat food and improved lifestyle are anticipated to fuel the expansion of the aluminum plates and sheet coils market.Though, aluminum plates and sheet coils have high friction and hence, generate large amount of heat. So, their usage in the automotive sector can be harmful, since friction in the gear of a vehicle is likely to produce large amount of heat, which is estimated to heat up the engine. This, in turn, can lead to malfunctioning of the vehicle. Aluminum plates and sheet coils are also bad absorbers of vibration shock and hence, their usage in buildings might be of a disadvantage during earthquakes. These few unfavorable qualities of aluminum plates and sheet coils are projected to create mild hindrances in the expansion of the market.

Recent Development 

June 23, 2020 :Constellium SE (NYSE: CSTM) announced the expansion of its portfolio of advanced aluminium solutions with the launch of Aheadd®, a new offer for high performance aluminium powders that exceed industry standards for additive manufacturing productivity and component properties.

Constellium introduced ‘AlplanTM Beyond Precision product line’ to provide high performing aluminium plates with nearly 15 times better flatness as compared to industry standards.

What are the major Applications, Types, and Regions for Aluminum Plates Market?

Aluminum Plates Market is segmented based on the type, applications, companies, and regions.

By Type, Aluminum Plates Market has been segmented into 

• 2XXX


• 5XXX


• 6XXX


• 7XXX


• Others

By Application, Aluminum Plates Market has been segmented into, 

• Aerospace & Automotive


• Railway & Transportation


• Ship building & Ocean Engineering


• Others (Consumer Goods, Electronics)

Regional Analysis Of Aluminum Plates

The Asia Pacific is leading the worldwide market owing to, its production and consumption capacity. Countries including, China, India, Japan are amongst the leading contributors to the market in terms of high demand for aluminum plates across industries including, aircraft & automotive, construction, consumer packaging such as, beverage cans, etc. Moreover, key automotive manufacturers have established their manufacturing plants across the region that in turn, is fuelling the demand for aluminum plates. Furthermore, rising disposable income, together with the increasing population, is expected to augment the demand for aluminum plate.

Following the Asia Pacific, North America is experiencing lucrative progress attributed to the rising demand for aluminum plates by electric vehicle (EV) manufacturers to reduce vehicle weight. Moreover, the presence of leading manufacturers is also boosting the market growth.

In Europe, aspects such as, the accelerated demand from the solar panel and automotive sectors and upsurge in construction activities are enhancing the market progress.

The Middle East & Africa and Latin America are probable to witness moderate growth attributed to growing infrastructure advancement activities and increasing demand for aluminum plates across the consumer durables sector.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


•       Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Aluminum Plates Market report scope?

Key Takeaways from this Aluminum Plates Report

• Evaluate Aluminum Plates market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end use applications, and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges, and hidden opportunities.


• Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Aluminum Plates market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than top 20 countries globally for the market.

All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Frequently Asked Question -

What is the study period of this market?

The Aluminum Plates Market is studied from 2022-2027.

Who are the Prime players in the Aluminum Plates Market?

Constellium, Kaiser Aluminum, Alcoa, Aleris, Hulamin, Kobelco, Vimetco, Furukawa-Sky, AMAG, KUMZ

Which region held the largest share in the Aluminum Plates Market?

United States, Europe, China, Japan, Southeast Asia, India and Rest of World

What are the significant types of Aluminium Plates Market?

2XXX, 5XXX, 6XXX, 7XXX, Others

What are the major end-use applications of Aluminum Plates Market?

Aerospace & Automotive, Railway & Transportation, Ship building & Ocean Engineering, Others