A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Aluminum
Plates and Sheet Coils
Market. The
study, titled “Aluminum
Plates and Sheet Coils Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Aluminum
plates and sheet coils are formed by passing aluminum between rolls
under pressure to make it longer and thinner in the direction in
which it is moved. Aluminum plates are one of the fundamental forms
employed in metal working since they can be cut and bent into various
shapes and sizes. Aluminum plates are popular due to their high
flexibility, cost effectiveness, and wide range of options. Aluminum
plates are commonly available in grades of 1100-H14, 5052-H32,
3003-H14, and 6061-T6. Grade 3003-H14 aluminum plates are stronger
and utilized in mail boxes, fan blades, tanks, and cabinets. Grade
5052-H32 is the strongest and employed in pressure vessels, and the
manufacturing of automotive chassis systems. Similarly, grade 6061-T6
is corrosion resistant, easily weld able and strong, but it loses
some of its strength while welding. This grade of aluminum plate is
utilized in modern aircraft structures.
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Aluminum
plate is available for a wide range of alloys, 7075 being the most
commonly used alloy. This alloy is commonly employed in aerospace and
marine industries. Aluminum sheet coils are utilized for a wide range
of applications. It is employed in truck bodies in the automotive
sector while in the construction and building industry it is used for
insulation. Aluminum sheet coils are available in a wide variety of
alloys are available. . The width of aluminum sheet coils are
generally 1000mm, 1250mm, and 1500mm. Aluminum plates and sheet coils
are highly non-corrosive, resistant towards heat, and have high
thermal conductivity for which they are extensively used in the
automotive sector, construction industry, aerospace industry, and in
power generation industry.
Favorable
properties such as light weight, non-corrosive, high thermal
conductivity have propelled the utilization of aluminum plates and
sheet coils in the automotive sector, replacing steel and other
metals. The automotive sector has witnessed a shift in its preference
toward lightweight vehicles, and this shift is a major factor which
has led to an increase in demand for aluminum plates and sheet coils.
Furthermore, aluminum plates and sheet coils are extensively employed
in the building and construction industry since they provide high
conductivity and energy efficiency in constructing sustainable
buildings. Aluminum plates are further utilized in the food and
beverage industry for packaging and preserving. Therefore, increase
in consumption of ready-to-eat food and improved lifestyle are
anticipated to fuel the expansion of the aluminum plates and sheet
coils market.
However,
aluminum plates and sheet coils have high friction and hence,
generate large amount of heat. Therefore, their usage in the
automotive sector can be harmful, since friction in the gear of a
vehicle is likely to produce large amount of heat, which is estimated
to heat up the engine. This, in turn, can lead to malfunctioning of
the vehicle. Aluminum plates and sheet coils are also bad absorbers
of vibration shock and hence, their usage in buildings can be of a
disadvantage during earthquakes. These few unfavorable qualities of
aluminum plates and sheet coils are projected to create mild
hindrances in the expansion of the market.
The
global aluminum plate and sheet coils market can be segmented into
end-users and geography. In terms of end-users, the market can be
segmented into building and construction, automobiles, aerospace,
defense, and power generation industries. The automobiles sector is
estimated to dominate the market due to an increase in production of
lightweight vehicles and therefore, increase in usage of aluminum
plates and sheet coils. However, the food & beverage industry
segment of the market is likely to expand rapidly.
In
terms of geography, the market can be segmented into North America,
Europe, Asia Pacific, Middle East & Africa (MEA), and Latin
America. Asia Pacific is expected to hold significant share of the
market during the forecast period due to the expanding automobiles
sector. Improved lifestyle coupled with increase in disposable
income, has further increased the consumption of packaged food and
beverages, which is anticipated to increase the need for aluminum
plate and sheet coils in the region.
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to view Sample Report:
Key
aluminum plate and sheet coils vendors and manufacturing companies
operating in this market include Hindalco Industries (India), Alcoa
(France), Aleris (Canada), Constellium (U.K.), and Norsk Hydro
(Belgium).
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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