Aluminum flat-rolled products (FRP) market size to grow by USD 17.84 billion from 2022 to 2027; APAC to account for 65% of the market growth - Technavio

NEW YORK, May 15, 2023 /PRNewswire/ -- The global aluminum flat-rolled products (FRP) market size is estimated to grow by USD 17.84 billion from 2022 to 2027, according to Technavio. However, the market growth is decelerating at a CAGR of 5.14% during the forecast period. APAC will account for 65% of the market growth over the forecast period. Factor such as, the presence of strong production and consumption base of FRP in the region will increase the market growth. Additionally, the high demand for beverage cans and films in the pharmaceutical and packaging industry is growing rapidly, fueled by rising disposable incomes. Fast-growing end-user segments in the Indian aluminum FRP market include architectural applications (curtain walls and composite panels), automotive applications (automotive fins and brazing sheets), and industrial applications (litho panels). Due to the increasing demand for aluminum foil in end-use industries, market vendors have set up facilities to quantify aluminum production and easy exports. Such factors will increase the market growth in this region during the forecast period. For more insights on the market size (2023 to 2027) - Request a sample report

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Global Aluminum flat-rolled products (FRP) market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on product type (plates and sheets and foils), end-user (Automotive and transportation, Building and construction, Industrial, Electrical and electronics appliances, and Others) and Geography (APAC, Europe, North America, South America, and Middle East and Africa).

• The market growth in the plates and sheets segment will be significant over the forecast period. This segment is used in the manufacturing of lithographic plates as they can be anodized easily and provide an ideal surface for printing. Another important factor driving the aluminum plates and sheets market is the increased demand for aluminum armor plates (military grade) in countries such as the US. Therefore, plates and sheets will play a significant role in increasing the demand for aluminum FRP during the forecast period.

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Global Aluminum flat-rolled products (FRP) market – Market Dynamics

Key factor driving market growth

One of the key factors driving the aluminum FRP market growth is the increased adoption of green initiatives. The use of aluminum FRP in buildings and constructions helps buildings to achieve green status. Further, the trend of constructing green buildings has boosted the consumption of aluminum FRP led by the support of different governments and associations globally. Further, green committees, green conferences, and green journals are set up in almost all professional and building trade organizations to support the adoption of green buildings, which, in turn, will fuel the growth of the global aluminum FRP market during the forecast period.

Leading trends influencing the market 

Growing mass transportation is the primary trend in the aluminum flat products market. Factor such as, due to various advantages like efficiency, lightweight, ease of maintenance, and reduced fuel consumption and greenhouse gas emission, the use of aluminum is increasing in these mass transportation vehicles. Moreover, the popular products used aluminum embossed and chequered sheets, which are utilized for flooring and paneling application across the transportation industry. The demand for mass transportation is rising, particularly in thickly populated countries like India and China, leveraging the growth of the aluminum flat products market in focus to procure new vehicles during the forecast period.

Major challenges hindering the market growth

Increasing applications of composite materials in the aerospace industry is the major challenge impeding market growth. To reduce the overall weight of the aircraft, the aerospace industry is looking to increase the composite content in aircraft to more than 50%. The implementation of new-generation jets could triple the consumption of composites over a period of about two decades. Despite being more expensive than aluminum FRP, the use of composite materials in the manufacturing of aircraft is increasing due to factors such as lightweight, high strength, and high corrosion resistance, are increasing. To add to the bargain, composite materials, with their structural flexibility, facilitate the designing of aircraft structures that are more efficient than aluminum FRP-based counterparts. Therefore, the global aluminum FRP market will have to compete with the increasing demand for advanced composite materials during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this aluminum flat-rolled products (FRP) market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the aluminum flat-rolled products (FRP) market between 2023 and 2027
• Precise estimation of the size of the aluminum flat-rolled products (FRP) market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the aluminum flat-rolled products (FRP) market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of aluminum flat-rolled products (FRP) market vendors

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Related Reports:

• The steel flat-rolled products market is estimated to grow at a CAGR of 5.55% between 2022 and 2027. The size of the market is forecast to increase by 309.07 million t. The market is segmented by product (sheet and strips, and plates), end-user (infrastructure and construction, automobiles and transportation, consumer goods, machinery, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America).
• The aluminum manufacturing market in Turkey is estimated to grow at a CAGR of 5.9% between 2022 and 2027. The market size is forecast to increase by USD 2,269.92 million. The market is segmented by product (extrusion products, rolled products, wires, and others) and end-user (automotive and transportation, building and construction, packaging, machinery and equipment, and others).

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Table of contents:

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 11: Chart on Turkey - Market size and forecast 2022-2027 ($ million)
• Exhibit 12: Data Table on Turkey - Market size and forecast 2022-2027 ($ million)
• Exhibit 13: Chart on Turkey: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on Turkey: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Aluminum manufacturing market in Turkey 2017 - 2021
• Exhibit 15: Historic Market Size – Data Table on Aluminum manufacturing market in Turkey 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021
• Exhibit 16: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 17: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 25: Chart on Product - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 27: Chart on Comparison by Product
• Exhibit 28: Data Table on Comparison by Product

• 6.3 Extrusion products - Market size and forecast 2022-2027 
• Exhibit 29: Chart on Extrusion products - Market size and forecast 2022-2027 ($ million)
• Exhibit 30: Data Table on Extrusion products - Market size and forecast 2022-2027 ($ million)
• Exhibit 31: Chart on Extrusion products - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Extrusion products - Year-over-year growth 2022-2027 (%)

• 6.4 Rolled products - Market size and forecast 2022-2027
• Exhibit 33: Chart on Rolled products - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Rolled products - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Rolled products - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Rolled products - Year-over-year growth 2022-2027 (%)

• 6.5 Wires - Market size and forecast 2022-2027
• Exhibit 37: Chart on Wires - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Data Table on Wires - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Chart on Wires - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Wires - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027
• Exhibit 41: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 42: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Product 
• Exhibit 45: Market opportunity by Product ($ million)
• Exhibit 46: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 49: Chart on Comparison by End-user
• Exhibit 50: Data Table on Comparison by End-user

• 7.3 Automotive and transportation - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Automotive and transportation - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Automotive and transportation - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Automotive and transportation - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Automotive and transportation - Year-over-year growth 2022-2027 (%)

• 7.4 Building and construction - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Building and construction - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Building and construction - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Building and construction - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Building and construction - Year-over-year growth 2022-2027 (%)

• 7.5 Packaging - Market size and forecast 2022-2027
• Exhibit 59: Chart on Packaging - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Packaging - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Packaging - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Packaging - Year-over-year growth 2022-2027 (%)

• 7.6 Machinery and equipment - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Machinery and equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Machinery and equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Machinery and equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Machinery and equipment - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 71: Market opportunity by End-user ($ million)
• Exhibit 72: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 73: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers 

• 9.2 Market challenges 

• 9.3 Impact of drivers and challenges 
• Exhibit 74: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends 

10 Vendor Landscape

• 10.1 Overview 

• 10.2 Vendor landscape 
• Exhibit 75: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 76: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 77: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 78: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 79: Matrix on vendor position and classification

• 11.3 AKPA ALUMINYUM TIC AS 
• Exhibit 80: AKPA ALUMINYUM TIC AS - Overview
• Exhibit 81: AKPA ALUMINYUM TIC AS - Product / Service
• Exhibit 82: AKPA ALUMINYUM TIC AS - Key offerings

• 11.4 Almesan Aluminyum Sanayi ve Ticaret AS
• Exhibit 83: Almesan Aluminyum Sanayi ve Ticaret AS - Overview
• Exhibit 84: Almesan Aluminyum Sanayi ve Ticaret AS - Product / Service
• Exhibit 85: Almesan Aluminyum Sanayi ve Ticaret AS - Key offerings

• 11.5 Altim Aluminyum San Ve Tic Ltd Sti
• Exhibit 86: Altim Aluminyum San Ve Tic Ltd Sti - Overview
• Exhibit 87: Altim Aluminyum San Ve Tic Ltd Sti - Product / Service
• Exhibit 88: Altim Aluminyum San Ve Tic Ltd Sti - Key offerings

• 11.6 Arslan Aluminyum AS 
• Exhibit 89: Arslan Aluminyum AS - Overview
• Exhibit 90: Arslan Aluminyum AS - Product / Service
• Exhibit 91: Arslan Aluminyum AS - Key offerings

• 11.7 Assan Aluminum industry and trade Inc.
• Exhibit 92: Assan Aluminum industry and trade Inc. - Overview
• Exhibit 93: Assan Aluminum industry and trade Inc. - Product / Service
• Exhibit 94: Assan Aluminum industry and trade Inc. - Key offerings

• 11.8 Bor Aluminyum 
• Exhibit 95: Bor Aluminyum - Overview
• Exhibit 96: Bor Aluminyum - Product / Service
• Exhibit 97: Bor Aluminyum - Key offerings

• 11.9 BURAK ALUMINYUM SANAYI VE TICARET AS
• Exhibit 98: BURAK ALUMINYUM SANAYI VE TICARET AS - Overview
• Exhibit 99: BURAK ALUMINYUM SANAYI VE TICARET AS - Product / Service
• Exhibit 100: BURAK ALUMINYUM SANAYI VE TICARET AS - Key offerings

• 11.10 Caliskan Aluminum Accessories 
• Exhibit 101: Caliskan Aluminum Accessories - Overview
• Exhibit 102: Caliskan Aluminum Accessories - Product / Service
• Exhibit 103: Caliskan Aluminum Accessories - Key offerings

• 11.11 Eti Aluminyum 
• Exhibit 104: Eti Aluminyum - Overview
• Exhibit 105: Eti Aluminyum - Product / Service
• Exhibit 106: Eti Aluminyum - Key offerings

• 11.12 Hisar Celik Dokum Sanayi ve Ticaret AS
• Exhibit 107: Hisar Celik Dokum Sanayi ve Ticaret AS - Overview
• Exhibit 108: Hisar Celik Dokum Sanayi ve Ticaret AS - Product / Service
• Exhibit 109: Hisar Celik Dokum Sanayi ve Ticaret AS - Key offerings

• 11.13 KOLAS ALUMINYUM AS 
• Exhibit 110: KOLAS ALUMINYUM AS - Overview
• Exhibit 111: KOLAS ALUMINYUM AS - Product / Service
• Exhibit 112: KOLAS ALUMINYUM AS - Key offerings

• 11.14 Ozeren Aluminum 
• Exhibit 113: Ozeren Aluminum - Overview
• Exhibit 114: Ozeren Aluminum - Product / Service
• Exhibit 115: Ozeren Aluminum - Key offerings

• 11.15 Ozgenc Makina 
• Exhibit 116: Ozgenc Makina - Overview
• Exhibit 117: Ozgenc Makina - Product / Service
• Exhibit 118: Ozgenc Makina - Key offerings

• 11.16 Teknik Aluminum 
• Exhibit 119: Teknik Aluminum - Overview
• Exhibit 120: Teknik Aluminum - Product / Service
• Exhibit 121: Teknik Aluminum - Key offerings

• 11.17 Tuna Aluminum 
• Exhibit 122: Tuna Aluminum - Overview
• Exhibit 123: Tuna Aluminum - Product / Service
• Exhibit 124: Tuna Aluminum - Key offerings

12 Appendix

• 12.1 Scope of the report 

• 12.2 Inclusions and exclusions checklist
• Exhibit 125: Inclusions checklist
• Exhibit 126: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 127: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 128: Research methodology
• Exhibit 129: Validation techniques employed for market sizing
• Exhibit 130: Information sources

• 12.5 List of abbreviations 
• Exhibit 131: List of abbreviations

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