Aluminum Plate Market Research Report, Industry Outlook Forecast 2021-2028
The global aluminum plate market size is expected to reach USD 8.34 Billion in 2028 registering a CAGR of 5.5% over the forecast period, according to a latest report by Reports and Data. Major factor driving aluminum plate market revenue growth is increasing demand for aluminum plates in end use industries such as automotive and aerospace.
Aluminum metal plates are made by passing aluminum between
rolls under pressure, which causes it to become longer and thinner in the
direction of movement. Aluminum plates are one of the most common metalworking
materials because they can be cut and bent into a variety of shapes and sizes.
Aluminum plates are popular because of their versatility, affordability, and
variety of alternatives.
Aluminum plates and sheet coils have replaced steel and
other metals in the automotive industry due to favorable features such as light
weight, non-corrosiveness, and high thermal conductivity. The automobile
industry has seen a shift in preference toward lightweight vehicles for
emission reduction, which is one of the key factors driving up demand for
aluminum plates. Furthermore, aluminum plates are widely used in the
architecture and construction industry because they have high conductivity and
energy efficiency, making them ideal for creating environmentally friendly
structures. Aluminum plates are also used for packaging and preservation in the
food and beverage industries. As a result, the market for aluminum plates is
expected to grow due to rising demand for ready-to-eat foods and improved
lifestyles.
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Aluminum plates, on the other hand, have a high friction
coefficient and hence generate a lot of heat. As a result, their use in the
automobile industry may be hazardous, because friction in a vehicle's gear is
likely to produce a huge quantity of heat, which is thought to heat up the
engine. This, in turn, can cause the car to malfunction. Aluminum plates and
sheet coils are likewise poor vibration shock absorbers, hence their use in
structures may be detrimental during earthquakes. Aluminum plate market
expansion is expected to be hampered by such undesirable characteristics of
aluminum plates.
Some Key Highlights in the Report:
- Aluminum
plates have gained demand in the automotive sector, replacing steel and
other metals as the industry shifts its preference toward lightweight
vehicles due to properties such as non-corrosive, lightweight, and high thermal
conductivity.
- In
the food and beverage business, aluminum plates are used for packaging and
preservation. The market for aluminum plates is likely to be fueled by a
rise in the consumption of ready-to-eat food as a result of fast-paced
lives.
- Automotive
and aerospace are two applications categories in the global aluminum plate
market. Due to an increase in the production of lightweight cars and, as a
result, an increase in the use of these plates, the automobile industry is
expected to account for largest market revenue share over the forecast
period.
- Asia
Pacific region is expected to lead the global aluminum plate market, which
may be due to the region's substantial base of automobile manufacturing
and consumption.
Some of the prominent
companies in the market include:
Binder, CSZ, Memmert, Angelantoni, TPS, CTS, CME, Envsin,
Weiss Technik, Russells Technical Products, Climats, Scientic Climate Systems,
Fentron Klimasimulation, Caron, Hastest Solutions, Komeg, EQUILAM, and Patriot
Plant.
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Segments covered in the report:
For the purpose of this report, Reports and Data has
segmented the global aluminum market on the basis of type, application, and
region:
Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Temperature
& Humidity Chamber
- Benchtop
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Automotive
- Aerospace
Regional Outlook (Revenue, USD Billion; 2018 – 2028)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest
of Europe
- Asia
Pacific
- China
- India
- Japan
- South
Korea
- Rest
of Asia Pacific
- Latin
America
- Brazil
- Rest
of Latin America
- Middle
East and Africa
- Saudi
Arabia
- U.A.E.
- South
Africa
- Rest
of Middle East & Africa
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Table of Contents
1 Market Overview
1.1 Aluminum Plate Introduction
1.2 Market Analysis by Type
1.2.1 2XXX
1.2.2 5XXX
1.2.3 6XXX
1.2.4 7XXX
1.2.5 Others
1.3 Market Analysis by Applications
1.3.1 Aerospace Industry
1.3.2 Railway Industry
1.3.3 Ship Building and Ocean Engineering
1.3.4 Others
1.4 Market Analysis by Regions
1.4.1 North America (USA, Canada and Mexico)
1.4.1.1 USA Market States and Outlook (2012-2022)
1.4.1.2 Canada Market States and Outlook (2012-2022)
1.4.1.3 Mexico Market States and Outlook (2012-2022)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2012-2022)
1.4.2.2 France Market States and Outlook (2012-2022)
1.4.2.3 UK Market States and Outlook (2012-2022)
1.4.2.4 Russia Market States and Outlook (2012-2022)
1.4.2.5 Italy Market States and Outlook (2012-2022)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast
Asia)
1.4.3.1 China Market States and Outlook (2012-2022)
1.4.3.2 Japan Market States and Outlook (2012-2022)
1.4.3.3 Korea Market States and Outlook (2012-2022)
1.4.3.4 India Market States and Outlook (2012-2022)
1.4.3.5 Southeast Asia Market States and Outlook (2012-2022)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2012-2022)
1.4.4.2 Egypt Market States and Outlook (2012-2022)
1.4.4.3 Saudi Arabia Market States and Outlook (2012-2022)
1.4.4.4 South Africa Market States and Outlook (2012-2022)
1.4.4.5 Nigeria Market States and Outlook (2012-2022)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
Continued….
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