The Aluminium FRP Market growth outlook with industry review and forecasts

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Aluminium FRP Market Price, Trends, Industry
Outlook Forecast 2017-2024
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Global Market Scenario of Aluminium FRP Market
Industry

• Aluminium FRP Market size will witness
  substantial growth during forecast period with
  its application in construction, automobile,
  packaging and defence industry. Automobile
  industry has grown at a CAGR of above 4.5 in
  last five years.
• These are preferred over steel owing to higher
  malleability and corrosion resistance as compared
  to steel. Light material for construction of
  automobile components and aerospace industry are
  major factor driving the industry.
• Recent strengthening of oil price has increased
  investment in engineering and construction
  industry. It is widely used in LNG tanks owing to
  light weight and resistance to brittleness at low
  temperature.
• In packaging material, it reduces the wastage and
  light in weight. Packaging industry is expected
  to a CAGR above 5 in next seven years and will
  drive aluminium FRP market.

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Continue

• Flat rolled aluminium is sheets of required
  thickness, size and surface finish. Superior
  properties Including light weight, ductility,
  malleability, heat and electrical conductivity,
  nontoxic and non-combustible will enhance the
  industry growth.
• Reasons to Buy This Report
• 1. Aluminium FRP Market size share
  forecast by product application, 2017-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Key Aluminium FRP Market growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• Major restriction for aluminium FRP market is
  high capital cost and low strength as compared to
  steel. Their storage requires more care as their
  surface finish gets tempered easily and may
  corrode due to electrolysis. But their
  manufacturing plants produce less toxic waste and
  it is easier to abide by strict government
  regulations for air pollution and waste disposal
  that overcomes its disadvantages.
• It is obtained in wide range of finishing namely
  patterned, plated, polished, painted, etched and
  laminated. These can easily be laminated over
  other materials to obtain anti corrosive
  characteristics.

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Research Methodology
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Regional Insights

• Asia Pacific has substantial market share in
  global aluminium FRP market with presence of
  China as largest producer. In this region,
  beverage packing has grown at a CAGR of over 7
  in last ten years and anticipated to enhance its
  consumption.
• Europe led by Germany has moderate share owing to
  well established and flourishing automobile
  industry along with big players including Audi
  and Volkswagen.
• North America led by the U.S. has significant
  share in aluminium FRP market with prevailing
  defence industry aimed at strengthening military
  and will grow by around 3.2 in next five years.
• Latin America and MEA has nascent share but will
  show healthy growth with increasing construction
  spending and food packaging industry due to
  foreign tourism.

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Competitive Insights

• Aluminium FRM market is highly fragmented with
  presence of substantial number of local and
  regional players. Prominent players include
• Aleris, Alba, EGS, Alcoa, Hindalco, Novo Hydro,
  RUSAL, Vedanta and UACJ to name a few. Companies
  are employing merger and acquisition strategy to
  enhance their market share. Hindalco acquired
  Novelis to spur its overall production.

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