Published on : Nov 04, 2019
A report titled “Global Color Coated Aluminium Market Insights, Forecast to 2019-2025” is recently added to the ever-growing repository of ResearchMoz.us. The report will help readers with the key insights into the latest trend and developments in the global color coated aluminium market. In addition to this, it will also offer an in-depth analysis of recent development, competitor analysis and segmentations present in the hard alloys market.
UACJ Co.,Ltd., Norsk Hydro ASA, Constellium, Zhejiang Hanlv, Aluminium Industry Co. Ltd., and Alcoa Inc. are some of the prominent players operating in the color coated aluminium market. These players are increasingly focused to use natural colors for aluminium coating. Further, they are also focusing the imbibe advanced technology in their production units to strength their market holds.
Color coated aluminium are extensively used in several end-user industries in the form of sheets and coils. This has a better aesthetic appeal as compared to plain aluminium. Rapid advancement in industrialization, urban extension, and technological advancement for processing of colored aluminium are some of the prominent factors expected to drive the global color coated aluminium market during the forecast period.
Apart from aesthetics, colored coated aluminium sheet and coil have several other advantages such good anti-corrosion performance, high mechanical strength, and toughness. Due to this, they are increasingly replacing conventional aluminium. The growing adoption of colored coated aluminium sheet and coils are some of the prominent factor expected to drive the global color coated aluminium market.
Flourishing Packing and Automotive Industry to Offer Lucrative Opportunities
Some of the key application of color coated aluminium are building decoration, packaging, domestic appliance, and automobiles etc. Booming packaging and automotive industry is a prominent factor expected to boost the colored coated aluminium market.
Despite several drivers growth in the color coated aluminium market is primarily hampered due to the easy availability of cheaper substitutes. Polymers and fibers sheet are the key counterparts of aluminium used in automotive components and body parts manufacturing. They are cheaper than aluminium and has several other desirable properties such as lightweight and simple design modification. Due to this, automotive players are replacing aluminium with the fibre sheets.
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Along with this, stringent government regulation regarding the use of VOC are forcing players to opt for natural and eco-friendly colors. This is increasing the end price of the aluminium sheet and foils are hence are expected to go against market growth.
Nevertheless, high tensile strength of color coated aluminium and robust supply chain are some other factors that are expected to boost the prospects of color coated aluminium market during the fourth coming years.
North America to Hold Maximum Share in the Market
On the basis of regional perspective, the global aluminium sheet market is projected to witness robust growth in Asia Pacific region. This is mainly due to the presence of large consumer base for automotive production in China and India.
Further, North America and Europe hold significant share in the global aluminium sheets market during the forecast period. This is mainly attributed to the stringent governmental regulations regarding vehicle emission in automotive and aerospace sector. This is an enhanced scope of aluminium in the respective industries owing to its lightweight.