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.
Market Overview
Increasing investments in automation across industries, including heavy manufacturing, healthcare, automotive, and others, coupled with growth in infrastructural development activities across the globe are driving Aluminum Plate market. The construction industry has begun to transition toward prefabrication and other manufacturing techniques to build faster, with fewer materials, more cost effectively, and circumventing labor shortages. Proliferation of technologies like generative design, and virtual reality, robotics, 3D printing, and reality capture are transform the engineering, architecture, and construction industries, enabling for much faster and safer building construction, along with significant cost savings. As cloud computing technologies continue to expand into industrial operational areas, it is expected to boost global Aluminum Plate market growth during the forecast period.
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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