Market Overview:
The global aluminum FRP 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 lightweight and durable materials across various applications. Aluminum foil is expected to be the fastest-growing type segment in the global aluminum FRP market, owing to its properties such as light weight, corrosion resistance, and thermal insulation. The construction of buildings segment is projected to be the largest application segment in terms of value in 2018 and is also expected to grow at a high CAGR during the forecast period.
Product Definition:
Aluminum FRP is a material made of aluminum and fiberglass. It is used in construction, boatbuilding, and other applications where light weight and strength are important.
Aluminum Plate:
Aluminum plate is a thin, flat piece of aluminum. It can be used in various applications such as automotive, construction and consumer goods. The global aluminum plate market size was valued at USD 3.6 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024 on account of increasing demand for lightweight vehicles coupled with growing infrastructure development across the globe.
Aluminum Foil:
Aluminum foil is a thin layer of aluminum that has been printed or coated on one or both sides and is used as an ingredient in the production of lightweight FRP (Fiber-reinforced Plastics) products. It can be used for packaging, food wrapping, making decorative labels and tags, etc.
Application Insights:
The construction of buildings application segment accounted for the largest volume share in 2017. The product is widely used in residential and non-residential construction applications owing to its lightweight properties, which reduces the overall building weight, thereby reducing carbon emissions during transportation. In addition, it can be easily fabricated into structural shapes required by the architects and builders.
Aluminum composite materials are increasingly being utilized in automotive body structures as they offer high strength with lightness ratio that aids improved fuel efficiency of vehicles.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing demand for consumer goods, industrial machinery, construction materials and transport equipment.
The growing automotive industry in China, India and Japan are likely to boost product demand further over the coming years.
Growth Factors:
- Increasing demand from the automotive and transportation sector: The global aluminum FRP market is expected to grow at a CAGR of more than 5% during the forecast period. This can be attributed to the increasing demand for lightweight vehicles, which in turn is fueling the growth of the aluminum FRP market.
- Growing demand for corrosion-resistant materials: Aluminum FRP offers excellent corrosion resistance, which is driving its adoption in various end-use industries such as automotive, marine, and construction.
- Rising awareness about benefits of using aluminum FRP: The growing awareness about the benefits of using aluminum FRP is another key factor driving its growth globally. Some of these benefits include weight savings, superior mechanical properties, and enhanced aesthetics.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum FRP Market Research Report
By Type
Aluminum Plate, Aluminum Foil
By Application
Food And Beverage, Construction Of Buildings,, Cars, Transport Machine, Aerospace, Defense,, Industrial Machinery, General Machinery, Other
By Companies
Aleris, Alba, Alcoa, EGA, Hindalco Novelis, Novo Hydro, Rusal, Vedanta Aluminum, Aleris
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Aluminum FRP Market Report Segments:
The global Aluminum FRP market is segmented on the basis of:
Types
Aluminum Plate, Aluminum Foil
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
Food And Beverage, Construction Of Buildings,, Cars, Transport Machine, Aerospace, Defense,, Industrial Machinery, General Machinery, Other
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:
- Aleris
- Alba
- Alcoa
- EGA
- Hindalco Novelis
- Novo Hydro
- Rusal
- Vedanta Aluminum
- Aleris
Highlights of The Aluminum FRP 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:
- Aluminum Plate
- Aluminum Foil
- By Application:
- Food And Beverage
- Construction Of Buildings,
- Cars, Transport Machine
- Aerospace, Defense,
- Industrial Machinery, General Machinery
- Other
- 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 FRP 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 FRP is a type of fiberglass-reinforced plastic. It is made from aluminum sheets that are bonded together with resin. This material can be used to create products that are strong and lightweight.
Some of the major players in the aluminum frp market are Aleris, Alba, Alcoa, EGA, Hindalco Novelis, Novo Hydro, Rusal, Vedanta Aluminum, Aleris.
The aluminum frp market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aluminum FRP Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aluminum FRP Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aluminum FRP Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aluminum FRP Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aluminum FRP Market Size & Forecast, 2020-2028
4.5.1 Aluminum FRP Market Size and Y-o-Y Growth
4.5.2 Aluminum FRP Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Aluminum Plate
5.2.2 Aluminum Foil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food And Beverage
6.2.2 Construction Of Buildings
6.2.3
6.2.4 Cars
6.2.5 Transport Machine
6.2.6 Aerospace
6.2.7 Defense
6.2.8
6.2.9 Industrial Machinery
6.2.10 General Machinery
6.2.11 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aluminum FRP Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aluminum FRP Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Aluminum Plate
9.6.2 Aluminum Foil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food And Beverage
9.10.2 Construction Of Buildings
9.10.3
9.10.4 Cars
9.10.5 Transport Machine
9.10.6 Aerospace
9.10.7 Defense
9.10.8
9.10.9 Industrial Machinery
9.10.10 General Machinery
9.10.11 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Aluminum Plate
10.6.2 Aluminum Foil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food And Beverage
10.10.2 Construction Of Buildings
10.10.3
10.10.4 Cars
10.10.5 Transport Machine
10.10.6 Aerospace
10.10.7 Defense
10.10.8
10.10.9 Industrial Machinery
10.10.10 General Machinery
10.10.11 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Aluminum Plate
11.6.2 Aluminum Foil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food And Beverage
11.10.2 Construction Of Buildings
11.10.3
11.10.4 Cars
11.10.5 Transport Machine
11.10.6 Aerospace
11.10.7 Defense
11.10.8
11.10.9 Industrial Machinery
11.10.10 General Machinery
11.10.11 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Aluminum Plate
12.6.2 Aluminum Foil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food And Beverage
12.10.2 Construction Of Buildings
12.10.3
12.10.4 Cars
12.10.5 Transport Machine
12.10.6 Aerospace
12.10.7 Defense
12.10.8
12.10.9 Industrial Machinery
12.10.10 General Machinery
12.10.11 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Aluminum Plate
13.6.2 Aluminum Foil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food And Beverage
13.10.2 Construction Of Buildings
13.10.3
13.10.4 Cars
13.10.5 Transport Machine
13.10.6 Aerospace
13.10.7 Defense
13.10.8
13.10.9 Industrial Machinery
13.10.10 General Machinery
13.10.11 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aluminum FRP Market: Competitive Dashboard
14.2 Global Aluminum FRP Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aleris
14.3.2 Alba
14.3.3 Alcoa
14.3.4 EGA
14.3.5 Hindalco Novelis
14.3.6 Novo Hydro
14.3.7 Rusal
14.3.8 Vedanta Aluminum
14.3.9 Aleris
