Market Overview:
The global aluminum plates market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for aluminum plates from various end-use industries, such as aerospace and defense, mechanical engineering or mold, railway & shipping industry, and others. In terms of type, the 2XXX segment is expected to lead the global aluminum plates market during the forecast period due to its high strength-to-weight ratio and corrosion resistance properties. However, in terms of volume share, the 5XXX segment is projected to lead due its low cost and easy machinability properties.
Product Definition:
An aluminum plate is a flat piece of metal that has been cut from a larger sheet of aluminum. It is often used in construction, manufacturing, and engineering projects.
2XXX:
2XXX is a series of aluminum plates, which are coated with an alloy of nickel and copper. The 2XXX series was introduced by the Aluminum Corporation in the early sixties as a high-quality standard for commercial use. It has since then been adopted by several other companies as their preferred plate type for serving food to customers or manufacturing products that would be used in restaurants and hotels among others.
5XXX:
5XXX is a new series of numbers which was allocated for Aluminum Plates market. It was introduced by the Ministry of Supply, India in August 2018 and is valid till 2022. The key drivers for this market are increasing aluminum consumption across end-use industries such as automotive, construction, electrical & electronics and packaging coupled with rising preference towards aluminum plates over steel or other metal plates due to their lightweight properties.
Application Insights:
Aerospace and defense was the largest application segment in 2017, accounting for a market share of more than 45%. The growth can be attributed to increasing demand from defense aircraft manufacturers. For example, Airbus has placed orders for over 1,400 new passenger and freighter aircraft over the past 15 years. These orders are expected to drive product demand in aerospace applications during the forecast period.
The mechanical engineering or mold application segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising product penetration in manufacturing automotive components such as engine mounts and transmission cross-car kits using aluminum plates with high strength properties. In addition, these products are widely used by other industries such as construction where it is required that equipment withstand heavy-duty operations without getting damaged or worn out soon after purchase or installation date.
Regional Analysis:
North America aluminum plates market is expected to witness significant growth over the forecast period owing to increasing defense budget and stringent regulations by the U.S. government for energy conservation, which will drive demand in this region. In addition, growing aerospace industry in North America on account of rapid technological advancements coupled with favorable government policies is anticipated to fuel demand for lightweight materials such as aluminum plates, thereby supporting market growth over the next eight years.
Asia Pacific was estimated as the largest regional market accounting for a share of more than 30% in 2017 owing to high product utilization across several end-use industries including mechanical engineering or mold and railway & shipping industry due to its light weight characteristics as comparedto other metals like steel and iron plate thus making it suitable for shipbuilding operations etc.
Growth Factors:
- Increasing demand from the automotive and transportation sector: The global aluminum plates market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand from the automotive and transportation sector. Aluminum plates are extensively used in manufacturing vehicles as they are lightweight and have high strength-to-weight ratio. This makes them ideal for use in various applications such as chassis, engine blocks, transmission cases, etc.
- Growing demand for lightweight materials: With stringent regulations being imposed on emissions by governments across the globe, there is an increased focus on using lightweight materials in vehicles. This is driving the growth of the aluminum plates market as aluminum is one of lightest metals available in nature. It has a density of 2.7 g/cm3 which is much lower than that of steel (7 g/cm3).
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum Plates Market Research Report
By Type
2XXX, 5XXX, 6XXX, 7XXX, 8XXX, Others(1XXX 3XXX)
By Application
Aerospace and Defense, Mechanical Engineering or Mold, Railway & Shipping Industry, Others
By Companies
Constellium, Kaiser Aluminum, Alcoa, Aleris, Hulamin, Kobelco, Vimetco, Furukawa-Sky, AMAG, KUMZ, Nippon Light Metal, GLEICH GmbH, Alimex, Nanshan Aluminum, Mingtai Al, Chalco, Alnan Aluminium, Jingmei Aluminium
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Aluminum Plates Market Report Segments:
The global Aluminum Plates market is segmented on the basis of:
Types
2XXX, 5XXX, 6XXX, 7XXX, 8XXX, Others(1XXX 3XXX)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace and Defense, Mechanical Engineering or Mold, Railway & Shipping Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Constellium
- Kaiser Aluminum
- Alcoa
- Aleris
- Hulamin
- Kobelco
- Vimetco
- Furukawa-Sky
- AMAG
- KUMZ
- Nippon Light Metal
- GLEICH GmbH
- Alimex
- Nanshan Aluminum
- Mingtai Al
- Chalco
- Alnan Aluminium
- Jingmei Aluminium
Highlights of The Aluminum Plates Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2XXX
- 5XXX
- 6XXX
- 7XXX
- 8XXX
- Others(1XXX 3XXX)
- By Application:
- Aerospace and Defense
- Mechanical Engineering or Mold
- Railway & Shipping Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aluminum Plates Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aluminum plates are thin sheets of metal that are used to cover food. They can be made from a variety of metals, but aluminum is the most common. Aluminum plates heat up and cook food evenly, which makes them a popular choice for cooking foods such as chicken or fish.
Some of the key players operating in the aluminum plates market are Constellium, Kaiser Aluminum, Alcoa, Aleris, Hulamin, Kobelco, Vimetco, Furukawa-Sky, AMAG, KUMZ, Nippon Light Metal, GLEICH GmbH, Alimex, Nanshan Aluminum, Mingtai Al, Chalco, Alnan Aluminium, Jingmei Aluminium.
The aluminum plates market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aluminum Plates Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aluminum Plates Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aluminum Plates Market - Supply Chain
4.5. Global Aluminum Plates Market Forecast
4.5.1. Aluminum Plates Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aluminum Plates Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aluminum Plates Market Absolute $ Opportunity
5. Global Aluminum Plates Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Aluminum Plates Market Size and Volume Forecast by Type
5.3.1. 2XXX
5.3.2. 5XXX
5.3.3. 6XXX
5.3.4. 7XXX
5.3.5. 8XXX
5.3.6. Others(1XXX 3XXX)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aluminum Plates Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Aluminum Plates Market Size and Volume Forecast by Application
6.3.1. Aerospace and Defense
6.3.2. Mechanical Engineering or Mold
6.3.3. Railway & Shipping Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Aluminum Plates Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Aluminum Plates Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Aluminum Plates Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Aluminum Plates Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Aluminum Plates Demand Share Forecast, 2019-2026
9. North America Aluminum Plates Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Aluminum Plates Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Aluminum Plates Market Size and Volume Forecast by Application
9.4.1. Aerospace and Defense
9.4.2. Mechanical Engineering or Mold
9.4.3. Railway & Shipping Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Aluminum Plates Market Size and Volume Forecast by Type
9.7.1. 2XXX
9.7.2. 5XXX
9.7.3. 6XXX
9.7.4. 7XXX
9.7.5. 8XXX
9.7.6. Others(1XXX 3XXX)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Aluminum Plates Demand Share Forecast, 2019-2026
10. Latin America Aluminum Plates Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Aluminum Plates Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Aluminum Plates Market Size and Volume Forecast by Application
10.4.1. Aerospace and Defense
10.4.2. Mechanical Engineering or Mold
10.4.3. Railway & Shipping Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Aluminum Plates Market Size and Volume Forecast by Type
10.7.1. 2XXX
10.7.2. 5XXX
10.7.3. 6XXX
10.7.4. 7XXX
10.7.5. 8XXX
10.7.6. Others(1XXX 3XXX)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Aluminum Plates Demand Share Forecast, 2019-2026
11. Europe Aluminum Plates Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Aluminum Plates Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Aluminum Plates Market Size and Volume Forecast by Application
11.4.1. Aerospace and Defense
11.4.2. Mechanical Engineering or Mold
11.4.3. Railway & Shipping Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Aluminum Plates Market Size and Volume Forecast by Type
11.7.1. 2XXX
11.7.2. 5XXX
11.7.3. 6XXX
11.7.4. 7XXX
11.7.5. 8XXX
11.7.6. Others(1XXX 3XXX)
1.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Aluminum Plates Demand Share, 2019-2026
12. Asia Pacific Aluminum Plates Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Aluminum Plates Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Aluminum Plates Market Size and Volume Forecast by Application
12.4.1. Aerospace and Defense
12.4.2. Mechanical Engineering or Mold
12.4.3. Railway & Shipping Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Aluminum Plates Market Size and Volume Forecast by Type
12.7.1. 2XXX
12.7.2. 5XXX
12.7.3. 6XXX
12.7.4. 7XXX
12.7.5. 8XXX
12.7.6. Others(1XXX 3XXX)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Aluminum Plates Demand Share, 2019-2026
13. Middle East & Africa Aluminum Plates Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Aluminum Plates Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Aluminum Plates Market Size and Volume Forecast by Application
13.4.1. Aerospace and Defense
13.4.2. Mechanical Engineering or Mold
13.4.3. Railway & Shipping Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Aluminum Plates Market Size and Volume Forecast by Type
13.7.1. 2XXX
13.7.2. 5XXX
13.7.3. 6XXX
13.7.4. 7XXX
13.7.5. 8XXX
13.7.6. Others(1XXX 3XXX)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Aluminum Plates Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Aluminum Plates Market: Market Share Analysis
14.2. Aluminum Plates Distributors and Customers
14.3. Aluminum Plates Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Constellium
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kaiser Aluminum
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Alcoa
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Aleris
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hulamin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kobelco
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Vimetco
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Furukawa-Sky
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AMAG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. KUMZ
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nippon Light Metal
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. GLEICH GmbH
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Alimex
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Nanshan Aluminum
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Mingtai Al
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Chalco
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Alnan Aluminium
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Jingmei Aluminium
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook