The global aluminum flat products market size was USD 60.63 Billion in 2022 and is expected to register a revenue CAGR of 4% over the forecast period, according to the latest report by Reports and Data.

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The automobile industry is a primary driver of revenue growth in the market for aluminum flat products. Demand for flat aluminum items is being driven by a growing need for lighter, more fuel-efficient cars. The construction industry also contributes considerably to market revenue growth. Additionally, increased demand for aluminum flat products used in building projects, notably in roofing and façade applications, is driving market revenue growth. Furthermore, the packaging industry is driving revenue growth in the market for flat aluminum goods.

Aluminum is in great demand for flat objects used in packaging, notably in the food and beverage industries, because to its light weight, high strength, and corrosion resistance. Furthermore, increased demand for flat aluminum products utilized in electrical and electronic applications is propelling market revenue growth. Because of its remarkable electrical and thermal conductivity, aluminum flat goods are in great demand in this sector.

Automotive, construction, electrical appliances, packaging, and aerospace are just a few of the industries that employ aluminum flat products, according to the International Aluminum Institute.

The U.S. Geological Survey estimates that 12% of the world's 2020 primary aluminum consumption will come from flat items made of aluminum.

To lessen the negative environmental effects of flat aluminum goods, the European Commission has passed a number of guidelines. They include recycling goals, energy efficiency standards, and limitations on the usage of specific compounds.

In order to lower emissions of hazardous air pollutants, the U.S. Environmental Protection Agency (EPA) has created air pollution guidelines for aluminum manufacturing facilities (HAPs).

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Some of the prominent players profiled in the global aluminum flat products market include Norsk Hydro, Novelis Inc., Aluminum Bahrain (Alba), Hindalco Industries Limited, Constellium, China Hongqiao Group Limited, Rio Tinto, Emirates Global Aluminum (EGA), UACJ Corporation, and Alcoa Corporation.

Some Key Highlights from the Report

• The plate segment is predicted to generate the most income throughout the projected period. Because of its excellent strength-to-weight ratio and corrosion resistance, the plate section is a preferred option in the aerospace and automotive sectors. Furthermore, increased demand for lightweight and fuel-efficient cars is likely to boost revenue growth in the plate category in the future years. Aluminum plates are likely to be in high demand since they are widely used in the construction sector for roofing, flooring, and cladding. Moreover, revenue growth in the plate category is predicted from the production of beverage cans, food containers, and other packaging solutions employing aluminum plates.
• The building construction segment is anticipated to contribute the biggest revenue share throughout the projected period. Due to their lightweight, corrosion-resistant, and high-strength characteristics, aluminum flat products are in high demand in the construction industry. These characteristics make them a suitable material for a variety of building applications, including roofing, facades, windows, doors, and structural systems. The growing need for environmentally friendly and energy-efficient building solutions is another factor driving the demand for aluminum flat products in the construction sector. The adoption of numerous government rules and policies for green building practices is also helping to advance the building and construction industry.
• The Asia Pacific market held the largest revenue share in 2022. The region's economic growth, urbanization, and industrialization are driving the demand for aluminum flat products. The construction and automobile sectors are the two key contributors to revenue growth in this market. The construction industry is experiencing increased demand for aluminum flat products due to infrastructure development, while the automotive industry is growing due to the rising interest in electric vehicles in the Asia Pacific market. Additionally, the packaging sector is seeing revenue growth due to the increasing popularity of e-commerce activities and the need for lightweight and durable packaging materials.
• On April 14, 2020, Novelis Inc. made an announcement regarding its acquisition of Aleris Corporation, a global producer of aluminum rolled products, for a sum of USD 2.8 billion. This acquisition was aimed at expanding Novelis' product offerings and customer base in sectors such as aerospace, automotive, and packaging.
• On 14 April 2020, Hindalco Industries Limited announced its acquisition of Aleris Corporation's plant located in Lewisport, Kentucky for USD 2.8 billion. The acquisition was intended to enhance Hindalco's presence in the North American market and improve its product offerings in the aerospace and automotive sectors.
• Norsk Hydro: On August 12, 2019, Norsk Hydro unveiled Hydro CIRCAL and Hydro REDUXA, two new lines of sustainable aluminum products. These environmentally friendly goods are created from recycled aluminum and have a reduced carbon impact. Hydro CIRCAL is appropriate for the construction and transportation industries, whereas Hydro REDUXA is appropriate for the packaging industry.
• Novelis Inc.: On August 1, 2019, Novelis Inc. introduced Advanz 6HS-s650, a new aluminum sheet for automotive applications. The sheet is intended to give great strength and durability while decreasing vehicle weight, resulting in increased fuel economy and lower emissions.

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For the purpose of this report, Reports and Data has segmented the global aluminum flat products market on the basis of Type Outlook, Application Outlook, and Regional Outlook:

Type Outlook (Revenue, USD Billion; 2022 - 2032)

• Plate
• Sheet
• Foil
• Others

Application Outlook (Revenue, USD Billion; 2022 - 2032)

• Building Construction
• Automotive Transportation
• Consumer Goods
• Packaging
• Others

Regional Outlook (Revenue, USD Billion; 2022-2032)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Sweden
• BENELUX
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of APAC
• Latin America
• Brazil
• Rest of LATAM
• Middle East Africa
• Saudi Arabia
• UAE
• South Africa
• Israel
• Rest of MEA

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