Global Aluminum FRP Market 2015 - 2019

Market outlook of the aluminum FRP market

Technavio’s market research analyst predicts the global aluminum flat-rolled products (FRP) market to grow at a moderate rate of around 4% during the forecast period. The rising demand from various industries such as food and beverages, and defense and aerospace is driving the growth of this market.

The demand from the automobile industry for aluminum FRP is also boosting the growth of the market. Aluminum FRP is replacing steel in automobiles and transport. As it is light weight, it aids in the reduction of fuel consumption and greenhouse gas emission. Moreover, aluminum is easily recyclable and resistant to corrosion, thus ensuring sustainability and durability of the vehicle. Global aluminum demand for transport is expected to grow at a rate of 10% during the forecast period.

Segmentation by product and analysis of the aluminum FRP market

• Plates and sheets
• Foils

The plates and sheets segment dominated the global aluminum FRP market during 2014, accounting for 82% of the market. Plates and sheets are widely used in buildings, construction and automobiles as they are light weight and corrosion resistance. Also, it is also used for can stock and other packing applications.

Geographical segmentation and analysis of the global aluminum FRP market

• Americas
• APAC
• Europe
• ROW

APAC accounted for the around 44% of the market share during 2014 and is expected to lead the global market during the forecast period. China is the largest producer of aluminum FRP globally. The report predicts India to increase its imports during the forecast period as a result of the rising demand from the packaging segment.

Competitive landscape and key vendors

The global aluminum FRP market is highly fragmented with the presence of numerous suppliers in the market. With the increasing number of new providers, the market share for key vendors is dropping and is being shared by the new players. The market is predicted to witness an increased number of mergers during the forecast period.

The key vendors in the market are –

• Aleris
• Alba
• Alcoa
• EGA
• Hindalco-Novelis
• Novo Hydro
• RUSAL
• Vedanta 

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the aluminum FRP market?
• What are the key market trends impacting the growth of the global aluminum FRP market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the aluminum FRP market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and ROW?
• What are the key outcomes of the five forces analysis of the global aluminum FRP market?

Related reports

• Global Aluminum Casting Market 2015-2019
• Automotive Aluminum Market in the APAC Region 2015-2019
• Global Aluminum Foil Packaging Market 2015-2019
• Global Aluminum Sheet and Plate Market 2015-2019
• Global Automotive Aluminum Market 2015-2019