Aluminum Flat Products Market Analysis

Aluminum Flat Products Market Analysis

Global aluminum flat products market is bifurcated on the basis of product as flat bars, sheets, foil stock, plates, circles and others. Foil stock segment surpassed 7 million tons in 2018. Foil stock is produced from high-quality rolling ingots and con-cast coils with sophisticated equipment where the foil stock is free of surface and sub-surface defects.
 

Growing consumer preference toward safe packaging of products coupled with increasing shelf life may induce the usage of aluminum foil. Preference toward convenient & lightweight packaging has led merchants to come up with advanced aluminum foil packaging solutions catering to organized retail and packaged foods sectors.
 

Foil stock are also used in pharmaceutical packaging as they possess insulating properties. It acts as a barrier against light, oxygen and moisture which protects the drugs from contamination and deterioration. Usage of foil stock for pharmaceutical packaging also improves longer shelf life of products offering higher security to patients may boost the aluminum flat products market.
 

Furthermore, the ability to safeguard food and pharmaceuticals from impurity and the natural lightness of aluminum makes it a raw material of choice over other foil options. With disposable packaging trends, where plastic based packaging is posing threat to environment, aluminum foil products can help meet fundamental sustainability goals in the aluminum flat products market.
 

On the basis of end-use, the market is segmented as automotive & transportation, building & infrastructures, consumer goods, equipment & machinery, electronics and electrical, packaging and others. Aluminum flat products market demand is growing due to its increase usage in transportation owing to its strength-to-weight ratio. It is lightweight in nature, which means that less energy is needed to move the vehicle, leading to greater fuel efficiency.
 

High-speed rail structures, such as Maglev in Shanghai and Shinkansen in Japan, also use flat aluminum. The metal allows engineers to lessen the weight of trains, cutting down friction resistance.
 

Increasing demand for public transport such as buses, metro trains, bullet trains and other industrial transportation vehicles may use these products in order to keep the automobile light and increase its efficiency. Usage of aluminum sheet in fuel tank averts corrosion problem and prevent chemical reaction with external material, thereby driving aluminum flat products market growth.
 

Europe may surpass USD 17.5 billion by 2026. Growing penetration of electric vehicles in European market in order to reduce greenhouse gas emission and contributing towards climate change may drive the aluminum flat products market growth. To reduce these impacts, Europe is now moving toward a more sustainable circular economy and decarbonized transport system.
 

Producing an electric vehicle with aluminum products is much cheaper than reference electric vehicles. Aluminum sheets are used to manufacture lightweight battery packs and enclosure frame solutions for electric vehicles. These battery packs can lower costs in production and operation and in turn offer maximum design flexibility.
 

These battery packs are made of laminated sheet such as aluminum which includes a metal layer and a resin layer which in turn drive the  aluminum flat products industry.
 

Aluminum flat products are ideally suited to design electrical vehicles to meet demanding performance requirements. Light weighting through aluminium lowers both the manufacture and the operational expenses of electric vehicles as a lighter car needs less batteries and power to travel the same distance. The automobile manufacturers have switched from steel to aluminum flat products for battery enclosures which may drive the market growth.