Aluminium sheets market
According to the latest Global Market Insights Inc. report, aluminium sheets market and more generally the global aluminum market was estimated at $150 billion in 2020 and is slated to surpass $210 billion by 2027, registering a CAGR of 5% from 2021 to 2027. Aluminum continues to be perceived as a cost-effective material compared to others with similar characteristics, especially in certain sectors such as aerospace, aeronautics and military. But in particular, according to the report, it will be the automotive sector, driven by an ever growing need to improve the performance vehicle performance, that will influence the sale of aluminum sheets.
Aluminium sheets: differences between countries
According to studies published by Global Market Insights Inc., the aluminum market will grow differently in Europe and in the Asia Pacific region. In the Old Continent the demand for aluminum foils and sheets will grow mainly thanks to the automotive and packaging sectors; on the other hand, in the Asia Pacific region the market will be mainly influenced by the construction sector. There are different reasons behind this: population increase in emerging countries, the consequent growth of residential poles, the need to update infrastructures that are now perceived as old and the large investment that these countries will make in the field of renewable energy.
Laminazione Sottile is a company that has been operating in the aluminum market for more than hundred years. Thanks to the expertise and experience accumulated, it is able to work in many sectors looking for new solutions to satisfy the customer. To have more information about the Group and its world, subscribe to our Newsletter.