The global Aluminium Sheet market stood at approximately 1.8 million tonnes in 2023 and is anticipated to grow at a CAGR of 4.45% during the forecast period until 2034.
Aluminium sheets find extensive industrial applications owing to their lightweight, corrosion-resistant, and malleable properties. In the aerospace industry, aluminium sheets are utilized for aircraft components such as fuselage panels, wing skins, and structural parts due to their high strength-to-weight ratio and durability. Moreover, in the automotive sector, aluminium sheets are employed in body panels and structural parts to reduce vehicle weight, improve fuel efficiency, and enhance performance. Additionally, in the construction industry, aluminium sheets are used for roofing, siding, facades, and interior fittings due to their corrosion resistance, aesthetic appeal, and ease of installation. Aluminium sheets are used extensively in aircraft structures due to the need for lightweight materials for optimal flight performance. Furthermore, in the renewable energy sector, aluminium sheets are used for solar panels, wind turbine components, and heat exchangers due to their lightweight nature and corrosion resistance.
The global aluminium sheet market is experiencing emerging trends driven by several factors. Firstly, there is a growing demand for lightweight materials in industries such as automotive, aerospace, and transportation, leading to increased adoption of aluminium sheets due to their high strength-to-weight ratio and corrosion resistance. Additionally, the shift towards sustainable and environmentally friendly materials is driving the demand for aluminium sheets in construction, packaging, and consumer goods industries, as aluminium is highly recyclable and energy-efficient to produce. Moreover, technological advancements in aluminium manufacturing processes, such as continuous casting and rolling, are leading to the production of high-quality aluminium sheets with improved mechanical properties and surface finishes. Furthermore, the rising popularity of electric vehicles and renewable energy sources is driving demand for aluminium sheets in battery enclosures, solar panels, and wind turbines, as aluminium offers excellent conductivity and durability. Additionally, changing consumer preferences and evolving design trends are influencing the demand for aluminium sheets in architectural applications, where they are used for roofing, cladding, and façade systems. The Aluminium Sheet market is expected to be fuelled by its diverse applications and reach approximately 2.9 million tonnes in 2034.
In the forecast period, the Asia Pacific region is poised to register the fastest market growth in the aluminium sheet market. Several factors contribute to this trend. Firstly, rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations are driving significant demand for aluminium sheets in construction, automotive, and manufacturing sectors. Additionally, the region's expanding aerospace and transportation industries are fuelling demand for lightweight materials like aluminium sheets. Moreover, supportive government policies, infrastructure investments, and rising disposable incomes are further propelling market growth in the region. Furthermore, the increasing adoption of aluminium sheets in renewable energy projects, such as solar panel installations and wind turbines, contributes to the region's growth trajectory. Additionally, advancements in aluminium production technologies and expanding manufacturing capacities in the Asia Pacific region are enhancing supply chain efficiencies and driving market expansion. Overall, the Asia Pacific region's dynamic economic landscape, coupled with growing industrialization and infrastructure development, positions it as a key driver of growth in the global aluminium sheet market in the forecast period.
Based on the end-user industry, the global Aluminium Sheet market is divided into Building & Construction, Automotive, Aerospace, Renewable Energy, Packaging, and Others. Among these, Automotive is the dominating industry and held roughly 28% of the global Aluminium Sheet market in 2023. Aerospace is the second largest industry. Aluminium is essential in aircraft construction due to its remarkable resistance to corrosion, favourable weight-to-strength ratio, and cost-effectiveness. However, its outstanding resistance to UV damage stands out as the paramount quality, making aluminium the optimal metal choice for aircraft manufacturing.
Major players in the Global Aluminium Sheet market are Aluminium Corporation of China, UACJ, Alcoa, Rusal, China Power Investment, China Hongqiao Group, Constellium, Shandong Xinfa Aluminium & Power Hindalco Industries, Rio Tinto Alcan, Shandong Weiqiao, Norsk Hydro, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Aluminium Sheet which covers production, demand and supply of Aluminium Sheet market in the globe.
• To analyse and forecast the market size of Aluminium Sheet
• To classify and forecast Global Aluminium Sheet market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Aluminium Sheet market in the globe.
To extract data for Global Aluminium Sheet market, primary research surveys were conducted with Aluminium Sheet manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Aluminium Sheet market over the coming years.
ChemAnalyst calculated Aluminium Sheet demand across the globe by analyzing the volume of Aluminium Sheet consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Aluminium Sheet manufacturers and other stakeholders
• Organizations, forums and alliances related to Aluminium Sheet distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Aluminium Sheet manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Aluminium Sheet market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
1.8 million tonnes
Market size Volume in 2034
2.9 million tonnes
Growth Rate
CAGR of 4.45% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in million tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Foreign Trade.
Segments covered
By End-Use: (Building & Construction, Automotive, Aerospace, Renewable Energy, Packaging, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Aluminium Sheet in terms of volume in 2023?
Ans:
The global market size of Aluminium Sheet had reached approximately 1.8 million tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Aluminium Sheet?
Ans:
Automotive industry is the leading end-user industry of Aluminium Sheet globally.
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