Aluminium FRP Market Statistics 2019 | Trend & Growth Forecast To 2025

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.

Delaware, united state – June 11, 2019 /MarketersMedia/ —

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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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. 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.

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.

The Aluminium FRP Market reports basic table of content consists of,

1. Methodology and Scope
2. Executive Summary
3. Aluminium FRP Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 – 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2018
3.11. PESTEL analysis
3.14. Regional price trends
4. Aluminium FRP Product Insights
5. Aluminium FRP Application Insights
6. Aluminium FRP Regional Insights
7. Competitor Profiles

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Based on product, aluminium FRP market is segmented into plates & sheets and foils. Plates and sheets has largest market share with its application in construction and automobile industry. Rise is disposable income and urbanization will be led to healthy growth in construction and automobile industry.

On the basis of application, aluminium FRP market is classified as construction, automobile, packaging and defence industry. Automobile has significant growth with its application in automobile body panels, engine hoods, doors and trunk lids. These are used in automobile radiators and air conditioning fins owing to high heat transfer rate. Construction industry including residential and commercial buildings along with rise of demand in doors and windows will create positive outlook for the product scope in the forecast period.

Reasons to Buy This Report:
1. Aluminium FRP Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Aluminium FRP Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

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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.

Contact Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights
Website: https://www.gminsights.com/industry-analysis/aluminium-frp-market

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Release ID: 522695