Aluminum plates are one of the fundamental forms utilized in the metal working as they can be cut and bent into various shapes and sizes. While they are formed by passing aluminum between the rolls under pressure to make it longer and thinner in the direction in which it is moved. Additionally, Aluminum plate has better heat and a good conductor. The aluminum Plates are used in heavy-duty applications including the aerospace, military and transportation product manufacturing. Despite this, they form the skins of jets and spacecraft fuel tanks. Also, it is used for storage tanks in many industries as some aluminum alloys become tougher at super cold temperatures. Thus, this property is especially useful in holding cryogenic (very-low-temperature) materials. Also, the Plate is also used for manufacturing structural sections for railcars and ships, as well as armor for military vehicles. Additionally, Aluminum plates are of wide ranges such as 2024, 3003, 5052, 6061, 7075 and so on.
Aluminum Plates Market: Key Players
The research study includes profiles of leading companies operating in the global aluminum plates market. Key players profiled in the report include: Constellium, Kaiser Aluminum, Alcoa, Aleris Corporation, Kamensk Uralsky Metallurgical Works (KUMZ), Kobelco, AMAG Austria Metall AG, Vimetco, Nippon Light Metal & Others.
Constellium N.V. is expanding their plant in Singen, Germany, with an additional aluminum extrusion press to supply automotive customers in Europe. This new press will increase the capacity, but also advances the company's efficiency and capability.
Drivers for the Global Aluminum Plates Market:
The growth of the global aluminum plate market is expected to drive by development activities in the automotive sector, technological advancements in aluminum products, and rising usage of aluminum sheets in various industries including building & construction, automotive, and aerospace industry etc. While, the Aluminum plates are utilized in manufacturing of consumer goods including smartphones, tablets, TVs, modern tech gadgets, furniture, utensils, etc., due to its appearance and flexible nature, which is boosting the demand from consumers. Additionally, availability of more effective, and cheaper aluminum products are fueling the market. Thus, all these factors are responsible for the growth of the aluminum plates market.
Opportunities for the Global Aluminum Plates Market:
The manufacturers are focusing on aluminum products by raising their expenditure on R&D activities. However, high demand from developing countries such as China & India and increase in use of recycled aluminum products worldwide provides lucrative opportunities for the market expansion in the forecast period. While the availability of more effective, and cheaper aluminum products are expected to fuel growth of the target market during forecast period. Additionally, the Aluminum plates are utilized in manufacturing of consumer goods including smartphones, tablets, TVs, modern tech gadgets etc., due to its appearance and flexible nature that is anticipated to boost its demand from consumers in the forecast period.
Restrains for the Global Aluminum Plates Market:
The limited access to aluminum resources can hamper the growth of the global aluminum plate market over the forecast period. Moreover, the aluminum plates have high friction and thus, generate large amount of heat. Hence, their usage in the automotive sector can be harmful as friction in the gear of a vehicle is likely to produce large amount of heat, that is estimated to heat up the engine. This, in turn, can lead to wear & tear of the vehicle. Additionally, Aluminum plates are the bad absorbers of vibration shock and thereby, their utilization in buildings can be of the major disadvantage during the earthquakes. Thus, these unfavorable qualities of aluminum plates are creating a negative impact in the market.
Region Wise, Global Aluminum Plates Market Analysis:
Report covers the region wise analysis, global aluminum plates can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global aluminum plates followed by Middle East and Africa and North America. While the Asia-Pacific leads the global aluminum plates market share due to rising number of manufacturing industries and raising demand for aluminum plates from various end-use industries for various applications are some of the major driving factors responsible for the growth of the market in Asia Pacific region. Additionally, the rapid urbanization incorporated with raising disposable income led to the growing demand for the aluminum plate in this region.
Global Aluminum Plates Market: Product analysis
Global Aluminum Plates Market: Application analysis
- Aerospace & Defense
- Mechanical Engineering or Mold
- Railway & Shipping Industry
Global Aluminum Plates Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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