How Has The Aluminum Rolled Products Market Size Evolved In Recent Years?
The Aluminum Rolled Products Market has exhibited robust growth in recent years, driven by its intensive application in various industries.
• In 2024, the market size was $59.14 billion, and it expanded to $63.21 billion in 2025, reflecting a CAGR of 6.9%.
The key growth drivers in this period include the growing demand from packaging, automobile, aerospace, shipbuilding, printing, and electronics industries, changing consumer demands, government policies, multi-year agreements for supply of advanced aluminum rolled products, and increased urbanization.
What Is The Expected Size And Growth Rate Of The Aluminum Rolled Products Market In The Coming Years?
The aluminum rolled products market is projected to experience robust growth in the forthcoming years.
• The market size is forecasted to rise to $89.86 billion by 2029, growing at a CAGR of 9.2%.
The factors driving this anticipated growth are the rising adoption of strategies by key players, increasing demand for aluminum rolled products, growing automotive and transportation industry, growth in the electricals and electronics industry, and rising demand for sustainable aluminum recycling scrap. Major trends driving this sector include a focus on the circular economy, lightweighting in transportation, architectural innovation, customization and formability, and digitalization in manufacturing.
What Are The Key Drivers Propelling The Growth Of The Aluminum Rolled Products Market?
The swelling demand from the automotive industry is slated to fuel the growth of the aluminum rolled products market. Aluminum rolled products are used in various parts of a vehicle, such as the frame, and body, wheels, electrical wiring, paint, lamps, transmission, air conditioner condenser, and pipes. A surge in the demand for automotive is subsequently driving the growth of the Aluminum Rolled Products industry. For example, in 2022, the global production of motor vehicles hit 85.4 million units, reflecting a notable growth of 5.7% compared to 2021.
What Segmentation Is Seen In The Aluminum Rolled Products Market?
The report on the aluminum rolled products market segments the market as
1) By Product: Foil, Plate, Sheet
2) By Grade: 1xxx Series, 3xxx Series, 5xxx Series, 6xxx Series
3) By End User: Automotive and Transportation, Building and Infrastructure, Packaging, Consumer Durables, Other End-Users
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What Trends Are Shaping the Future of the Aluminum Rolled Products Market?
Product innovations are becoming a leading trend in the aluminum rolled products market. For instance, National Aluminium Company Limited (NALCO), an India-based Navratna CPSE producer of aluminum and alumina, launched Aluminium LED Cap stock in Alloy AA1100 with temper H12 in December 2022. This product is specifically developed to produce aluminum cups utilized as caps in LED bulbs and function as heat sinks.
Who Are The Major Players In The Aluminum Rolled Products Market?
Major players driving growth in the aluminum rolled products market include:
• Novelis Inc.
• Constellium SE
• Arconic Rolled Products Corporation
• Aleris Corp.
• Hulett Aluminium (Pty) Ltd
• Hindalco Industries Ltd.
• AMAG rolling GmbH
• Alcoa Inc.
• Kaiser Aluminum Corp.
• JW Aluminum Continuous Cast Company
What Are The Key Regional Insights Of The Aluminum Rolled Products Market?
Asia-Pacific was the largest region in the aluminum rolled products market in 2024. The regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
