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Aluminum Flat-rolled Products (FRP) Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR43100
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The aluminum flat-rolled products (FRP) market share is expected to increase by 4764.02 thousand MT from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.22%.

This aluminum flat-rolled products (FRP) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aluminum flat-rolled products (FRP) market segmentations by type (plates and sheets and foils) and geographic (APAC, Europe, North America, and South America). The aluminum flat-rolled products (FRP) market report also offers information on several market vendors, including Alcoa Corp., Aleris Corp., Aluminum Corp. of China Ltd., AMAG Austria Metall AG, Constellium SE, Hulamin Ltd., Kaiser Aluminum Corp., Kobe Steel Ltd., Norsk Hydro ASA, and Viohalco SA among others.

What will the Aluminum Flat-Rolled Products (FRP) Market Size be During the Forecast Period?

Aluminum Flat-rolled Products (FRP) Market Size

Download the Free Report Sample to Unlock the Aluminum Flat-Rolled Products (FRP) Market Size for the Forecast Period and Other Important Statistics

 

Aluminum Flat-Rolled Products (FRP) Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increased adoption of green initiatives is notably driving the aluminum flat-rolled products (FRP) market growth, although factors such as competition from china may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aluminum flat-rolled products (FRP) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aluminum Flat-Rolled Products (FRP) Market Driver

One of the key factors driving the aluminum flat-rolled products (FRP) market growth is the increased adoption of green initiatives. To reduce pollutants, governments in various countries are encouraging the use of aluminum instead of other metals. For instance, the green car incentive policy introduced by the Japanese government provided incentives to promote the purchase of new eco-friendly vehicles and scrapping old less-efficient vehicles to reduce greenhouse gas emissions. The use of aluminum FRPs in buildings and constructions helps buildings to achieve green status. Further, the trend of constructing green buildings has boosted the consumption of aluminum FRPs led by the support of different governments and associations globally. For instance, the Aluminum Association develops a series of recommendations for the building and construction industry. The association assists aluminum stakeholders, including aluminum manufacturers, architects, end-users, engineers, and designers, in properly understanding the environmental effects associated with the production of aluminum products and formulating declarations.

Key Aluminum Flat-Rolled Products (FRP) Market Trend

Growing mass transportation are the major trend influencing the aluminum flat-rolled products (FRP) market growth. With the increasing population, the demand for public transport is increasing. High-speed trains are gaining popularity due to convenience and time. The use of aluminum is increasing in these mass transportation vehicles due to various advantages like efficiency, lightweight, ease of maintenance, and reduced fuel consumption and greenhouse gas emission. The popular products used include aluminum embossed and chequered sheets, which are utilized for flooring and paneling application across the transportation industry. The demand for mass transportation is rising, particularly in thickly populated countries like India and China. The Indian passenger vehicle industry grew by 6.8% during 2016, owing to the high demand for transportation. The increase in sales is also due to the launch of new models by new entrants in the global passenger vehicle industry. The segment for passenger cars grew by 7.6% during the same year and constituted about 71% of the market share for passenger vehicles, followed by a 6.1% growth in the utility vehicles segment.

Key Aluminum Flat-Rolled Products (FRP) Market Challenge

Competition from China is one of the key challenges hindering the aluminum flat-rolled products (FRP) market growth. China is the largest producer of aluminum FRP. The country is focusing on balancing the internal market by discouraging the export of primary aluminum by imposing high duties. Further, China offers value-added tax rebates for the exporters of semi-fabricated products, thereby encouraging the export of products of high value. Due to this, regions like the European Union is facing high competition in semi-finished products. Aluminum foil in rolls weighing more than 10 kg, 650 mm in width, and 0.008 mm-0.018 mm in thickness from China are imposed with anti-dumping duties by the European Union. Further, the global aluminum FRP market has witnessed the problem of dumping of aluminum FRPs by China into the other regions of the world, particularly Europe. About half of the global production of aluminum takes place in China, and this has led to the overcapacity of aluminum in the country. Therefore, China exports its aluminum products to the world economy, leading to dumping.

This aluminum flat-rolled products (FRP) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global aluminum flat-rolled products (FRP) market as a part of the global aluminum market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aluminum flat-rolled products (FRP) market during the forecast period.

Who are the Major Aluminum Flat-Rolled Products (FRP) Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Alcoa Corp.
  • Aleris Corp.
  • Aluminum Corp. of China Ltd.
  • AMAG Austria Metall AG
  • Constellium SE
  • Hulamin Ltd.
  • Kaiser Aluminum Corp.
  • Kobe Steel Ltd.
  • Norsk Hydro ASA
  • Viohalco SA

 

This statistical study of the aluminum flat-rolled products (FRP) market encompasses successful business strategies deployed by the key vendors. The aluminum flat-rolled products (FRP) market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

  • Alcoa Corp.- The company offers Flat rolled aluminum for beverage and food cans, including body, tab, and end stock.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The aluminum flat-rolled products (FRP) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Aluminum Flat-Rolled Products (FRP) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the aluminum flat-rolled products (FRP) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Aluminum Flat-Rolled Products (FRP) Market?

Aluminum Flat-rolled Products (FRP) Market Market segmentation by region

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66% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for aluminum flat-rolled products (FRP) in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The aluminum FRP market is expected to grow at a significant pace in the APAC during the forecast period, owing to the presence of strong production and consumption base of FRPs in the region. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In March 2020, many end-user industries such as automotive, aerospace, and others announced the temporary shutting down of their operations. However, the demand for aluminum FRP is expected to rise following the gradual resuming of operations by end-user industries and new strategies adopted by them to recover from the COVID-19 predicament. Also, some vendors have already started recruitment campaigns for 2021. For instance, in June 2020, Alcoa launched the 2021 apprentice recruitment campaign for Western Australia alumina refineries. In addition, some countries are focusing on increasing their aluminum production capacity. Hence, these are some of the factors that are driving the demand for aluminum FRPs in the region during the forecast period.

What are the Revenue-generating Type Segments in the Aluminum Flat-Rolled Products (FRP) Market?

Aluminum Flat-rolled Products (FRP) Market Segmentation

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The aluminum flat-rolled products (FRP) market share growth by the plates and sheets will be significant during the forecast period. The global plates and sheets market is anticipated to grow at a rapid rate owing to the demand from the building and construction, food and beverage, and automobile and transportation industries.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the aluminum flat-rolled products (FRP) market size and actionable market insights on post COVID-19 impact on each segment.

 

Aluminum Flat-Rolled Products (FRP) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.22%

Market growth 2021-2025

4764.02 th MT

Market structure

Fragmented

YoY growth (%)

3.04

Regional analysis

APAC, Europe, North America, and South America

Performing market contribution

APAC at 66%

Key consumer countries

China, US, Japan, Germany, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alcoa Corp., Aleris Corp., Aluminum Corp. of China Ltd., AMAG Austria Metall AG, Constellium SE, Hulamin Ltd., Kaiser Aluminum Corp., Kobe Steel Ltd., Norsk Hydro ASA, and Viohalco SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Aluminum Flat-Rolled Products (FRP) Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive aluminum flat-rolled products (FRP) market growth during the next five years
  • Precise estimation of the aluminum flat-rolled products (FRP) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aluminum flat-rolled products (FRP) industry across APAC, Europe, North America, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aluminum flat-rolled products (FRP) market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis - Aluminum

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 (thousand MT)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces analysis
      • 4.2 Bargaining power of buyers
        • Exhibit 08:Bargaining power of buyers
      • 4.3 Bargaining power of suppliers
        • Exhibit 09:Bargaining power of suppliers
      • 4.4 Threat of new entrants
        • Exhibit 10:Threat of new entrants
      • 4.5 Threat of substitutes
        • Exhibit 11:Threat of substitutes
      • 4.6 Threat of rivalry
        • Exhibit 12:Threat of rivalry
      • 4.7 Market condition
        • Exhibit 13:Market condition - Five forces 2020

      5 Market Segmentation by Type

      • 5.1 Market segments
        • Exhibit 14:Type - Market share 2020-2025 (%)
      • 5.2 Comparison by Type
        • Exhibit 15:Comparison by Type
      • 5.3 Plates and sheets - Market size and forecast 2020-2025
        • Exhibit 16:Plates and sheets - Market size and forecast 2020-2025 (thousand MT)
        • Exhibit 17:Plates and sheets - Year-over-year growth 2020-2025 (%)
      • 5.4 Foils - Market size and forecast 2020-2025
        • Exhibit 18:Foils - Market size and forecast 2020-2025 (thousand MT)
        • Exhibit 19:Foils - Year-over-year growth 2020-2025 (%)
      • 5.5 Market opportunity by Type
        • Exhibit 20:Market opportunity by Type

      6 Customer landscape

      • 6.1 Customer landscape
        • Exhibit 21:Customer landscape

      7 Geographic Landscape

      • 7.1 Geographic segmentation
        • Exhibit 22:Market share by geography 2020-2025 (%)
      • 7.2 Geographic comparison
        • Exhibit 23:Geographic comparison
      • 7.3 APAC - Market size and forecast 2020-2025
        • Exhibit 24:APAC - Market size and forecast 2020-2025 (thousand MT)
        • Exhibit 25:APAC - Year-over-year growth 2020-2025 (%)
      • 7.4 Europe - Market size and forecast 2020-2025
        • Exhibit 26:Europe - Market size and forecast 2020-2025 (thousand MT)
        • Exhibit 27:Europe - Year-over-year growth 2020-2025 (%)
      • 7.5 North America - Market size and forecast 2020-2025
        • Exhibit 28:North America - Market size and forecast 2020-2025 (thousand MT)
        • Exhibit 29:North America - Year-over-year growth 2020-2025 (%)
      • 7.6 South America - Market size and forecast 2020-2025
        • Exhibit 30:South America - Market size and forecast 2020-2025 (thousand MT)
        • Exhibit 31:South America - Year-over-year growth 2020-2025 (%)
      • 7.7 MEA - Market size and forecast 2020-2025
        • Exhibit 32:MEA - Market size and forecast 2020-2025 (thousand MT)
        • Exhibit 33:MEA - Year-over-year growth 2020-2025 (%)
      • 7.8 Key leading countries
        • Exhibit 34:Key leading countries
      • 7.9 Market opportunity by geography
        • Exhibit 35:Market opportunity by geography (thousand MT)

      8 Drivers, Challenges, and Trends

      • 8.1 Market drivers
        • 8.2 Market challenges
          • Exhibit 36:Impact of drivers and challenges
        • 8.3 Market trends

          9 Vendor Landscape

          • 9.1 Vendor landscape
            • Exhibit 37:Vendor landscape
          • 9.2 Landscape disruption
            • Exhibit 38:Landscape disruption
            • Exhibit 39:Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 41: Market positioning of vendors
            • 10.3 Alcoa Corp.
              • Exhibit 42: Alcoa Corp. - Overview
              • Exhibit 43: Alcoa Corp. - Business segments
              • Exhibit 44: Alcoa Corp. - Key news
              • Exhibit 45: Alcoa Corp. - Key offerings
              • Exhibit 46: Alcoa Corp. - Segment focus
            • 10.4 Aluminum Corp. of China Ltd.
              • Exhibit 47: Aluminum Corp. of China Ltd. - Overview
              • Exhibit 48: Aluminum Corp. of China Ltd. - Business segments
              • Exhibit 49: Aluminum Corp. of China Ltd. - Key offerings
              • Exhibit 50: Aluminum Corp. of China Ltd. - Segment focus
            • 10.5 AMAG Austria Metall AG
              • Exhibit 51: AMAG Austria Metall AG - Overview
              • Exhibit 52: AMAG Austria Metall AG - Business segments
              • Exhibit 53: AMAG Austria Metall AG - Key news
              • Exhibit 54: AMAG Austria Metall AG - Key offerings
              • Exhibit 55: AMAG Austria Metall AG - Segment focus
            • 10.6 Constellium SE
              • Exhibit 56: Constellium SE - Overview
              • Exhibit 57: Constellium SE - Business segments
              • Exhibit 58: Constellium SE - Key news
              • Exhibit 59: Constellium SE - Key offerings
              • Exhibit 60: Constellium SE - Segment focus
            • 10.7 Hindalco Industries Ltd.
              • Exhibit 61: Hindalco Industries Ltd. - Overview
              • Exhibit 62: Hindalco Industries Ltd. - Business segments
              • Exhibit 63: Hindalco Industries Ltd. - Key news
              • Exhibit 64: Hindalco Industries Ltd. - Key offerings
              • Exhibit 65: Hindalco Industries Ltd. - Segment focus
            • 10.8 Hulamin Ltd.
              • Exhibit 66: Hulamin Ltd. - Overview
              • Exhibit 67: Hulamin Ltd. - Business segments
              • Exhibit 68: Hulamin Ltd. - Key news
              • Exhibit 69: Hulamin Ltd. - Key offerings
              • Exhibit 70: Hulamin Ltd. - Segment focus
            • 10.9 Kaiser Aluminum Corp.
              • Exhibit 71: Kaiser Aluminum Corp. - Overview
              • Exhibit 72: Kaiser Aluminum Corp. - Product and service
              • Exhibit 73: Kaiser Aluminum Corp. - Key offerings
            • 10.10 Kobe Steel Ltd.
              • Exhibit 74: Kobe Steel Ltd. - Overview
              • Exhibit 75: Kobe Steel Ltd. - Business segments
              • Exhibit 76: Kobe Steel Ltd. - Key offerings
              • Exhibit 77: Kobe Steel Ltd. - Segment focus
            • 10.11 Norsk Hydro ASA
              • Exhibit 78: Norsk Hydro ASA - Overview
              • Exhibit 79: Norsk Hydro ASA - Business segments
              • Exhibit 80: Norsk Hydro ASA - Key news
              • Exhibit 81: Norsk Hydro ASA - Key offerings
              • Exhibit 82: Norsk Hydro ASA - Segment focus
            • 10.12 Viohalco SA
              • Exhibit 83: Viohalco SA - Overview
              • Exhibit 84: Viohalco SA - Business segments
              • Exhibit 85: Viohalco SA - Key news
              • Exhibit 86: Viohalco SA - Key offerings
              • Exhibit 87: Viohalco SA - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 88: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 89: Research Methodology
                • Exhibit 90: Validation techniques employed for market sizing
                • Exhibit 91: Information sources
              • 11.4 List of abbreviations
                • Exhibit 92: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Aluminum Flat-Rolled Products (FRP) Market market growth will increase by $4764.02 th MT during 2021-2025.
              The aluminum flat-rolled products (frp) market market is expected to grow at a CAGR of 3.22% during 2021-2025.
              Technavio has segmented the aluminum flat-rolled products (frp) market market by type (plates and sheets and foils) and geographic (APAC, Europe, North America, South America, APAC, Europe, North America, and South America).
              Alcoa Corp., Aleris Corp., Aluminum Corp. of China Ltd., AMAG Austria Metall AG, Constellium SE, Hulamin Ltd., Kaiser Aluminum Corp., Kobe Steel Ltd., Norsk Hydro ASA, Viohalco SA are a few of the key vendors in the aluminum flat-rolled products (frp) market market.
              APAC will register the highest growth rate of 66% among the other regions. Therefore, the aluminum flat-rolled products (frp) market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the aluminum flat-rolled products (frp) market market growth are:
              • Increased adoption of green initiatives
              • Growing mass transportation
              The aluminum flat-rolled products (frp) market market vendors should focus on grabbing business opportunities from the plates and sheets segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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