Aluminium is a type used in variety of products including cans, kitchen utensils, window frames, ship building, automotive and airplane parts. It does not deteriorate, like a silver coating but versatile properties ensure high performance, durability and long life for its end products. Apart from being easily recyclable and air resistant, aluminum helps in enhancing the aesthetics and retain original taste of the packaged items. Aluminum plate is a plate of various thickness made up of aluminum, which is a silver-white and ductile metal, occurred in the earth’s crust and found only in combination, mainly in bauxite. The demand for energy efficient, environmental friendly, and sustainable metal by industries is set to boost the aluminum plate market.
Properties such as lightweight and recyclable nature of aluminum make it a popular choice to use in various industries. In addition, favorable properties including high thermal conductivity and non-corrosive nature have pushed to use aluminum plates or sheet in the automobiles by replacing steel and other metals. Moreover, shifting preference towards lightweight vehicles is increasing demand for aluminum plates or sheets. Furthermore, aluminum plates are extensively deployed in construction activities, because aluminum provides energy efficiency and high conductivity in constructing sustainable buildings. Also, aluminum plates are utilized in the food & beverage sector for preserving and packaging of the products. In addition, improved lifestyle and increasing consumption of ready-to-eat food are predicted to expand aluminum plates market.
Recent trend observed in the target market is manufacturers are focusing to innovate aluminum composite panels. Recently developed nano-aluminum composite panels are coated with nanomaterial films, which are resistant to adverse weather conditions, reduce the overall maintenance expenses, longer lifespan, and also resist airborne pollutants. Also, such panels enable dust and does not require specific cleaning.
China, the US, Germany, UK, and Japan represents the largest aluminum plate markets while the strongest annual growth is forecast to occur in several European countries such as France, Russia, and Italy.
$ 4,822.8 Mn
5.6%
- By Type
- By Region
- By Application
$ 8,346.4 Mn
The global aluminum plate market includes some major key players that focusing on strategic merger and acquisition activities in order to expand their customer base and market footprint. Some players operating in the target market are Kobe Steel, Ltd., Constellium, Nippon Light Metal Co., Ltd., Alcoa Corporation, Kaiser Aluminum Corporation, Aleris Corporation, Nanshan Group Co., Ltd., Henan Zhongfu industry Limited, AMAG Austria Metall AG, Henan Mingtai Aluminum Industrial Co., Ltd., Hulamin, Jingmei aluminum Industry Co., Ltd., Alnan Aluminium lnc., and GLEICH Aluminumwerk GmbH & Co. KG.
- In September 2018, Constellium signed agreement with The Boeing Company, which is the largest aerospace company globally. Thorough this contract, the company strengthens its longstanding partnership with Boeing and confirms its leadership position in the aerospace aluminum products and solutions space.
- In May 2018, AMAG Austria Metall AG renew its agreement with the Boeing Company to supply aluminum flat rolled products. The renewal of contract was focused on extension of long-term alliance with Boeing Company in order to empower AMAG’s position as a valuable supplier to the aircraft sector
