Global Aluminum Slug Market Segments 2024, Forecast To 2033
5 Mar, 2024
The aluminum slug market has experienced robust growth, rising from $3.95 billion in 2023 to $4.2 billion in 2024, achieving a CAGR of 6.5%. Historical drivers include packaging industry growth and sustainable packaging trends. Future projections anticipate reaching $5.36 billion in 2028, featuring a CAGR of 6.3%, emphasizing advancements in manufacturing processes and increased demand in the packaging industry.
Global Aluminum Slug Market Key Driver
The increasing demand for personal care products is a driving force for the aluminum slug market. Personal care items, encompassing hygiene, grooming, and beautifying products, rely on aluminum slugs for packaging. The US beauty and personal care market alone is valued at around $84 billion, and the cosmetic industry is projected to reach approximately $463.5 billion by 2027. The heightened interest in personal care and grooming amplifies the demand for aluminum slugs, affirming their pivotal role in the market's growth.
Get A Free Sample Of The Global Aluminum Slug Market ReportGlobal Aluminum Slug Market Segments
The aluminum slug market covered in this report is segmented –
1) By Type: Round Type, Square And Rectangular Type, Perforated Type, Other Types
2) By Material: PCR (Post-Consumer Recycled Aluminum), PIR (Post-Industrial Recycled Aluminum), Green Virgin Aluminum, Other Materials
3) By Application: Tubes, Aerosols, Technical Parts, Other Applications
4) By End-Users: Automotive, Food And Beverages, Personal Care, Pharmaceutical, Paint And Coating, Electrical, Other End-Users
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the aluminum slug market in 2023. The regions covered in the aluminum slug market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Aluminum Slug Industry Players
Ball Corporation; Fuchuan Metal Technologies Co. Ltd.; Aluminium Rheinfelden Semis GmbH; Talum; Aluman S.A.; Haomei Aluminum; Alucon Limited; Aluminium-Werke Wutöschingen AG & Co. KG; Envases Group; Impol Aluminum Corporation; Fried. v. Neuman GmbH; Signi Aluminum; Shanghai Metal Corporation; Novelis Inc.; Western Metal Industries Private Limited; RONDAL d. o. o.; Balex Metal Sp. z o.o.; Alu-Stock S.A.; Norsk Hydro ASA; Constellium SE; UACJ Corporation; Alcoa Corporation; Tri-Arrows Aluminum Inc.; Aluminum Bahrain B.S.C.; Gränges; Kaiser Aluminum Corporation; Hydro Extrusion North America LLC; Arconic Inc.; Aleris Corporation; Hindalco Industries Limited
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AIOps Aluminum Slug Market Overview
The aluminum slug refers to a type of metal blank available in a variety of thicknesses and forms that is made of an alloy of aluminum with a silver color. These are used in various industries as they are sustainable, eco-friendly, and recyclable.
Aluminum Slug Global Market Report 2023 provides data on the global aluminum slug market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aluminum slug market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.