Market Leader - Aluminum Rolled Products Market
The aluminum rolled products market size is estimated to be USD 45.2 billion in 2020 and projected to reach USD 62.5 billion by 2025, at a CAGR of 6.7% from 2020 to 2025. Growth in automotive & transportation, building & construction and other industries has fuel the growth of aluminium rolled products market. China, India, Japan, US, and Germany are the major countries leading in the market. However, the recent outbreak of Covid-19 is expected to impact the aluminum rolled products market severely.
Major companies operating in the aluminum rolled products industry include Novelis Inc. (US), Constellium SE (France), Arconic Rolled Products Corporation (US), UACJ Corporation (Japan), and Norsk Hydro ASA (Norway).
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Novelis Inc. (US) is one of the leading players in the aluminum rolled products market and has been adopting inorganic strategies to sustain its market position. In April 2020, Novelis Inc., a world leader in aluminum rolling and recycling, completed its acquisition of Aleris Corporation, a global supplier of rolled aluminum products. As a result, Novelis is now even better positioned to meet increasing customer demand for aluminum by expanding its innovative product portfolio, creating a more skilled and diverse workforce, and deepening its commitment to safety, sustainability, quality, and partnership.
Arconic Rolled Products Corporation (US) is another major company in the aluminum rolled products market. It has been adopting inorganic strategies to sustain its position in the market. In February 2019, Arconic Rolled Products Corporation announced an investment of approximately USD 100.0 million into the expansion of its hot mill capabilities and addition of downstream equipment capabilities for the manufacture of industrial and automotive aluminum products in its Tennessee Operations facility near Knoxville, Tennessee, US. This investment added the capacity needed to meet the growing demand for industrial products and automotive aluminum sheets.
Related Reports:
Aluminum Rolled Products Market by Grade (1xxx, 3xxx, 5xxx and 6xxx), End-Use Industry (Automotive & Transportation, Building & Construction, Packaging, Consumer Durables, Others) and Region (NA, Europe, APAC, MEA, SA) - Global Forecast to 2025
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