Home Advanced Materials Aluminum Flat Products Market New Research Analysis and Forecast by 2033

Aluminum Flat Products Market Size, Share & Trends Analysis Report By Product (Plates, Sheets), By Application (Building & Construction, Automotive & Transportation, Consumer Goods, Electrical & Energy, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2025-2033

Report Code: SRAM2940DR
Last Updated : Nov 07, 2024
Author : Straits Research
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Aluminum Flat Products Market Size

The global Aluminum Flat Products Market Size was valued at USD 56.24 billion in 2024 and is projected to reach from USD 58.38 billion in 2025 to USD 78.68 billion by 2033, growing at a CAGR of 3.8% during the forecast period (2025-2033).

The production of cans, vehicle bodies, foils, and machinery and equipment rely heavily on flat aluminium products, which are often manufactured using flat rolling processing techniques. The global market for aluminium flat products is predicted to be driven by the increasing preference for lightweight components in the automotive industry, which drives the need for flat aluminium products. Aluminium flat goods are created by the flat rolling method, which transforms a slab of aluminium ingot into a thinner product or a plate. Aluminium flat goods are widely utilised in producing cans, foil, vehicle bodies, and equipment & machinery, which may fuel market demand. As the metals are moulded into unique cross-section profiles with little effort, fabricating these rolled items is a cost-effective procedure, allowing for a greater output of most products.

Aluminium flat goods have many applications, including kitchenware, packaging, closures, building interiors and exteriors, roofs, and home electrical appliances. Other types of packaging have a lower recycling rate than flat metal items, such as aluminium cans. They are lightweight, stackable, and durable, enabling marketers to package and carry more beverages with fewer resources. Increasing demand in construction due to its maintenance-free and corrosion-resistant features may stimulate the expansion of the market for flat aluminium products. The unusual combination of aluminium's strength and lightness enables frames, sashes, and fittings to be compact and discreet. In addition, the bars do not need to be painted, and their dimensional strength guarantees years of trouble-free operation. The usage of aluminium in the construction industry has no detrimental effects on indoor air, soil, or water quality.


Aluminum Flat Products Market Growth Factors

Increasing use of aluminium in vehicle construction

The increasing use of aluminium in vehicle construction due to the material's ability to be fabricated into lightweight components is anticipated to be a primary driver of market expansion. Aluminium and the numerous alloy products that are derived from it are not only lightweight, but they also possess properties such as resistance to corrosion, flexibility, and high strength. When the temperature drops, these flat items made of aluminium display exceptional flexibility and rigidity despite their metal's softness. The lightweight properties of flat aluminium products are likely to assist in reducing carbon footprints, reducing costs, and the development of products that are more robust and resistant to corrosion in end-use industries such as the automotive, aerospace, and construction industries.

Reduce vehicle and aircraft weight

The rising use of aluminium flat products to reduce the weight of vehicles and aircraft has been driving market expansion. Fuel-efficient vehicles are being built to meet regulatory standards and accomplish reduction goals for greenhouse gas emissions. The substitution of aluminium for steel and iron is predicted to drive market expansion over the forecast period. Increasing demand for these goods in the packaging and automotive industries is the primary growth driver for the worldwide aluminium flat-rolled products market. The increased usage of aluminium flat-rolled products in the packaging sector due to the expanding use of flexible foil-based packaging in the food & beverage industry is predicted to be the leading driver propelling the growth of the global market. In addition, the growing demand for aluminium foils in medical packaging is anticipated to contribute to the expansion of the global market in the coming years. Similarly, the rising demand for aluminium flat-rolled products in the automotive industry for the production of lightweight, fuel-efficient vehicles is anticipated to contribute to the global market expansion.

Aluminum Flat Products Market Restraining Factors

Significant or scarce competition

When providing a forecast analysis of country data, some of the factors that are taken into consideration include the presence and availability of global brands, as well as the challenges those brands face as a result of extensive or scarce competition from local and domestic brands, as well as the impact of domestic tariffs and trade routes. In addition, some of these factors include the presence and availability of global brands. Foreign trade routes are another element that is taken into account in this analysis.

Aluminum Flat Products Market Opportunities

The building & construction industry

Aluminium flat-rolled product producers anticipate that the building and construction industry will be a lucrative market for their products in the following years. Products made of flat-rolled aluminium are used extensively in the construction of commercial buildings. This is because these products enable the construction of complex shapes on long continuous pieces of material and can be utilised for various other construction materials. These items include various mechanical features that work together to guarantee that the facade can withstand the pressure applied to it by the wind, the weight of the other components, and the capacity to accommodate any structural movements that may occur.

Study Period 2021-2033 CAGR 3.8%
Historical Period 2021-2023 Forecast Period 2025-2033
Base Year 2024 Base Year Market Size USD 56.24 Billion
Forecast Year 2033 Forecast Year Market Size USD 78.68 Billion
Largest Market Asia-Pacific Fastest Growing Market North America
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Regional Insights

North America: Dominant region with 72.8% market share

Asia Pacific held the most significant market share in revenue in 2021, with 72.8% of the market. It is anticipated that Asia Pacific will experience a revenue-based CAGR of 5 % from 2022 to 2030. The market in the area is being pushed by several significant reasons, the most important of which are the growing demand for luxury automobiles, the expanding production of motor vehicles, and the technological developments in vehicle manufacturing. It is anticipated that demand for flat items made of aluminium will increase in the next few years. This is due to the point that consumers place a high priority on safety and convenience.

Europe: Fastest growing region with the 7.9% CAGR

North America had a market share of 7.9% in 2021. Aluminium consumption in the automotive industry in the region is likely to increase over the next few years due to consumer preferences for high-quality and more fuel-efficient motor vehicles and stringent CAFÉ regulations to improve the fuel economy of vehicles. Both factors are intended to improve the vehicles' overall fuel economy. It is projected that leading market participants will expand their manufacturing units, increasing the demand for flat items made of aluminium in Europe. For instance, Constellium N.V. invested USD 202 million so that its factory in Neuf-Brisach, located in France, could implement a new method for producing aluminium smelting. The move was made to satisfy the ever-increasing demand for flat items made of aluminium for applications involving body sheets.

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Aluminum Flat Products Market Growth Factors

Increasing use of aluminium in vehicle construction

The increasing use of aluminium in vehicle construction due to the material's ability to be fabricated into lightweight components is anticipated to be a primary driver of market expansion. Aluminium and the numerous alloy products that are derived from it are not only lightweight, but they also possess properties such as resistance to corrosion, flexibility, and high strength. When the temperature drops, these flat items made of aluminium display exceptional flexibility and rigidity despite their metal's softness. The lightweight properties of flat aluminium products are likely to assist in reducing carbon footprints, reducing costs, and the development of products that are more robust and resistant to corrosion in end-use industries such as the automotive, aerospace, and construction industries.

Reduce vehicle and aircraft weight

The rising use of aluminium flat products to reduce the weight of vehicles and aircraft has been driving market expansion. Fuel-efficient vehicles are being built to meet regulatory standards and accomplish reduction goals for greenhouse gas emissions. The substitution of aluminium for steel and iron is predicted to drive market expansion over the forecast period. Increasing demand for these goods in the packaging and automotive industries is the primary growth driver for the worldwide aluminium flat-rolled products market. The increased usage of aluminium flat-rolled products in the packaging sector due to the expanding use of flexible foil-based packaging in the food & beverage industry is predicted to be the leading driver propelling the growth of the global market. In addition, the growing demand for aluminium foils in medical packaging is anticipated to contribute to the expansion of the global market in the coming years. Similarly, the rising demand for aluminium flat-rolled products in the automotive industry for the production of lightweight, fuel-efficient vehicles is anticipated to contribute to the global market expansion.

Aluminum Flat Products Market Restraining Factors

Significant or scarce competition

When providing a forecast analysis of country data, some of the factors that are taken into consideration include the presence and availability of global brands, as well as the challenges those brands face as a result of extensive or scarce competition from local and domestic brands, as well as the impact of domestic tariffs and trade routes. In addition, some of these factors include the presence and availability of global brands. Foreign trade routes are another element that is taken into account in this analysis.

Aluminum Flat Products Market Opportunities

The building & construction industry

Aluminium flat-rolled product producers anticipate that the building and construction industry will be a lucrative market for their products in the following years. Products made of flat-rolled aluminium are used extensively in the construction of commercial buildings. This is because these products enable the construction of complex shapes on long continuous pieces of material and can be utilised for various other construction materials. These items include various mechanical features that work together to guarantee that the facade can withstand the pressure applied to it by the wind, the weight of the other components, and the capacity to accommodate any structural movements that may occur.

Market Size By Product

Market Size By Product
  • Plates
  • Sheets

  • List of key players in Aluminum Flat Products Market

    1. Norsk Hydro
    2. Hindalco
    3. Aleris Corporation
    4. UAJC Corporation
    5. Novelis
    6. Arconic
    7. Evonik Industries AG
    8. Alnor Oil Co Inc
    9. KRATON CORPORATION
    10. BASF SE
    11. Cargill
    12. Incorporated
    13. Eastman Chemical Company
    14. Procter & Gamble
    15. Evonik Industries
    16. Godrej
    17. PPG Industries Inc.
    18. Emery Oleochemicals
    19. PTT Global Chemical Public Company Limited
    20. Jet-Hot Inc.
    21. ICD High Performance Coatings
    22. SPI Performance Coatings
    23. EverCoat Industries Sdn Bhd

    Aluminum Flat Products Market Share of Key Players

    Aluminum Flat Products Market Share of Key Players

    • July 2022- Hydro is extending the subscription period for proposed acquisition of Alumetal S.A.
    • July 2022- Hydro’s aluminium recycling plant in Rackwitz to serve automotive customers with more post-consumer aluminum.
    • May 2022- Novelis' First Green Bond Report Highlights $140 Million Allocated to Increase Recycling Capacity, Reduce Usage of Primary Aluminum.
    • July 2022- Evonik introduces TEGO Dispers 658 sustainable dispersing additive.

    Aluminum Flat Products Market Segmentations

    By Product (2021-2033)

    • Plates
    • Sheets

    By Application (2021-2033)

    • Building & Construction
    • Automotive & Transportation
    • Consumer Goods
    • Electrical & Energy
    • Others

    Frequently Asked Questions (FAQs)

    What is the estimated growth rate (CAGR) of the Aluminum Flat Products Market?
    Aluminum Flat Products Market size will grow at approx. CAGR of 3.8% during the forecast period.
    Some of the top prominent players in Aluminum Flat Products Market are, Norsk Hydro, Hindalco, Aleris Corporation, UAJC Corporation, Novelis, Arconic, Evonik Industries AG, Alnor Oil Co Inc, KRATON CORPORATION, BASF SE, Cargill, Incorporated, Eastman Chemical Company, Procter & Gamble, Evonik Industries, Godrej, PPG Industries Inc., Emery Oleochemicals, PTT Global Chemical Public Company Limited, Jet-Hot Inc., ICD High Performance Coatings, SPI Performance Coatings, EverCoat Industries Sdn Bhd, etc.
    Asia-Pacific has held a dominant position in the Aluminum Flat Products Market, with the largest market share.
    The North America region is projected to exhibit the highest rate of growth in the Aluminum Flat Products Market.
    The global Aluminum Flat Products Market report is segmented as follows: By Product, By Application


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