Vendors to leverage changing consumer preferences to keep pace with the competitive market scenario
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global aluminum plates and sheet coils market in their latest research report. This report also lists eight other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated through the sales of aluminum plates and sheet coils for food and beverage, building and construction, automotive and transportation, aerospace and defense, industrial and general engineering, and other end users to calculate the market size by considering 2015 as the base year.
This Technavio report, under the metals and minerals vertical, is based on the synthesis, analysis, and interpretation of information about the global aluminum plates and sheet coils market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global market for aluminum plates and sheet coils is dominated by the a few well-established vendors in the market space. Factors such as intense competition, rapid technological advancements, and frequent changes in consumer preferences are the key focus areas for vendors in the market pace who are looking to gain market shares. However, there are significant regional differences that can be attributed mostly to the rate of growth and development of the aluminum plates and sheet coils market in different regions. APAC accounts for a high degree of the customer base, with key vendors in this region accounting for a major share of the market. In contrast to APAC, other regions such as Europe and North America have moderate customer bases.
“The rise in population, especially that of young individuals, is expected to propel the demand for consumer electronics in the global market during the forecast period. Aluminum makes for an ideal metal for such electronics owing to its characteristics such as light weight, durability, and corrosion resistance. The rise in demand for electronics is, in turn, expected to fuel the demand for aluminum plates and sheet coils, which are widely used in the manufacture of electronic gadgets and appliances,” says Ajay Adikhari, a lead analyst at Technavio for metals and minerals.
Top five vendors in the aluminum plates and sheet coils market space
Alcoa
Alcoa engineers and provides innovative lightweight metals such as aluminum, titanium, and nickel. The companies products are used by industry segments including automobiles, aircraft, packaging, building and construction, commercial transportation, oil and gas, defense, consumer electronics, and industrial sectors. Alcoa operates through five key business segments which include global rolled products, primary metal, engineered products and solutions, alumina, and transportation and construction solutions.
Key products: BF 800 diagnostic scale, BF 710 BodyShape turquois diagnostic scale.
Aleris
Aleris engages in the manufacture and sales of aluminum rolled products in the global market. The company operates 13 production facilities located in North America, Europe, and China. Avic, KAI, AMS, ThyssenKrupp, Hengtai, Behr, Dana, HallaVisteon, Denso, Modine Chart, BMW, Daimler, Renault, Volvo, Amari Group, Amco, ThyssenKrupp Materials, Euramax, and Henco are some the company’s noteworthy customers.
Key products: Building and construction (roofing) material, Transportation equipment (truck trailers and bodies), Consumer durables and sheet (cookware, ventilation, fuel tanks, cooling, and lamp bases), Aircraft plate and sheet, Automotive body sheet, and Aircraft plate.
Hindalco Industries
Hindalco Industries is an integrated aluminum manufacturer, operates bauxite mines and is involved in the refining of alumina. The company operates through the copper and aluminum segments. It also engages in the smelting of alumina into aluminum, and in the production of semi-fabricated rolled and extruded products. Its product offerings include aluminum ingots, rolled flat steel, and steel rod products. Hindalco Industries operates as part of the Aditya Birla Group. In FY2015, the company recorded a revenue of around $17 billion.
Key products: Building sheets, Hot rolled plates, Pattern sheets, Flooring sheets, and Cold rolled sheets.
Constellium
Constellium offers a broad range of aluminum products and solutions for the aerospace, automotive, and packaging markets. The company’s key business segments include packaging and automotive rolled products, aerospace and transportation, and automotive structures and industries. In FY2015, the company operated 22 production facilities, nine administrative and commercial sites, and one R&D center. It has one technology center in Voreppe, France, which provides advanced aluminum solutions.
Key products: DIAMAL pre-painted coil, EALIUM marine alloys, AIRWARE technology, Heat-treated and non-heated plate alloys, and Large-dimension treated plates.
Norsk Hydro
Norsk Hydro is an integrated aluminum company that offers alumina and aluminum products. It provides aluminum products to the building, automotive, packaging, lithographic, and transportation industries. The company operates its production facilities in Australia, Brazil, Europe, Canada, and Qatar. The company generates revenue primarily through its rolled products business segment.
Key products: Strip and sheet for automotive, Painted strip and sheet, Strip and sheet for industrial applications, Strip and sheet for marine applications, Strip and sheet for renewable energy, Strip and sheet for distributors, and Strip and sheet for heat exchangers.
Other prominent vendors in this market include Bremed, EmsiG, iHealth, Jawon, KERN, Marsden, Mediagate, Medisana, Microlife, Qardio, and Withings.
A more detailed analysis is available in the Technavio report, Global Aluminum Plates and Sheet Coils Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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