• Sat. Aug 13th, 2022

Increase in Production of Aluminum Expected to Drive Global Cold Rolled Aluminum Coil Market: Ken Research

Global Cold Rolled Aluminum Coil Market-f03ab717

Cold Rolled Aluminum Coils are cold rolled steel coils, produced by processing the aluminum metal through the cold rolling process. The process is primarily carried out to obtain strips & aluminum sheets of the required final gauge and improved physical properties such as weldability, corrosion resistance, and medium strength. These coils are mainly used to make oil pipes, transportation vehicles, airplane oil tanks, ships and Food & Packaging industry. Cold “rolled” aluminum coil is often used to illustrate a range of finishing processes, though technically “cold rolled” applies only to sheets which undergo compression between rollers. Steel forms that are pulled, for instance bars or tubes, are “drawn,” not rolled. Other cold finishing processes include grinding, turning, and polishing—each of which is used to modify accessible hot rolled stock into more refined products.

Cold rolled steel can often be identified by some following characteristics: smooth surfaces that are often oily to the touch, bars are true and square, better & more finished surfaces with closer tolerances, and often have well-defined edges or corners and tubes have better concentric uniformity & straightness. The considerable growth in these end-use industries drives the market for Cold Rolled Aluminum coils over the forecast period.

According to study, “Global Cold Rolled Aluminum Coil Market to reach USD XXX million by 2026” the key companies operating in the global cold rolled aluminum coil market are China Baowu Steel Group, JFE Steel Corporation, Nippon Steel and Sumitomo Metal, POSCO, United States Steel Corporation, ArcelorMittal, China Steel Corporation, Shougang, Steel Authority of India Limited, Hyundai Steel, Maanshan Steel, Ansteel Group, Hesteel Group, Benxi Steel Group, NLMK Group, Nucor Corporation, ThyssenKrupp, Shagang Group, JSW Steel Ltd., Tata Steel and Valin Steel Group. The companies are started competing by mergers & acquisitions among themselves to attain the competitive advantage over the market. The key strategies adopted by players have led to increase the market share is development of the innovative products.

Based on type, cold rolled aluminum coil market is segmented as 1000 series coil, 2000 series coil, 3000 series coil, 4000 series coil, 5000 series coil, 6000 series coil and 7000 series coil. Based on product type, market is segmented as cold rolled aluminum coil (thickness less than 3mm) and cold rolled aluminum coil (thickness greater than 3 mm) .In addition, based on application, market is segmented as consumer goods, transport, electrical engineering, building & construction, machinery & equipment, foil & packaging, and others.

The cold rolled aluminum coil market is driven by increase in production of aluminum, followed by rise in production of aluminum from different sources including Primary and secondary. However, Volatility of raw material prices may impact the market.

Based on geography, the Asian-Pacific region dominates the global cold rolled aluminum coil market owing to largest production of aluminum in the region. Whereas, the North-American and European regions are estimated to witness higher growth rate due to growth in industrialization along with the rise in use of these aluminum coils in multiple end-user industries over the forecast period.

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Global Cold Rolled Aluminum Coil Market

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Ankur Gupta, Head Marketing & Communications



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