Global Aluminum FRP Market 2015 – 2019.pdf

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Global Aluminum FRP Market 2015-2019
Global Aluminum FRP Market 2015-2019 is the latest addition to industry research
reports collection. The plates and sheets segment is predicted to cross over 22.05 million metric tons by
Read this 120 Pages Report on Global Aluminum FRP Market 2015-2019. The report provides 67
The market is likely to reach a CAGR of approximately 3.64% until 2019. The demand for aluminium FRP
from the automobiles industry is driving the market. This is because aluminium FRP is replacing steel in
automobiles and transport. It is preferred over other metals due to its light weight leading to reduced
fuel consumption and reduced greenhouse gas emission.
This market research report emphasizes on the involvement of industries such as food and beverages,
automobile and construction, and defence and aerospace. It is easily recyclable and resistant to
corrosion, thus reducing maintenance and increasing the life of the product .With an increase in the
aluminium production especially in China, the aluminium FRP industry is expected to gain significant
traction during the forecast period.
Market segmentation of aluminium FRP industry by type
Plates and sheets
Plates and sheet accounted for more than three-fourth of the market in 2014, and the study predicts a
decline in its market share by 2019. However, it is considered as an important FRP material due to its
usage in the food and beverages and automobiles industries. The demand for light weight material will
emerge as a key growth driver for this segment during the forecast period.
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Market segmentation of aluminium FRP market by application
Plates and sheets
o Food and beverages
o Building and construction
o Automobiles and transport
o Aerospace and defence
o Industrial and general engineering
o Others
o Consumer packaging
o Pharmaceutical packaging
o Industrial (non-packaging)
The high demand for packed food and beverages calls for an increase in consumer packaging. Aluminium
foil packaging protects food against light, oxygen, moisture, and other contaminants, thus providing
food quality preservation benefits.
The use of foil in pharmaceutical packaging is likely to witness the strongest growth in the next four
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Geographical segmentation of aluminium FRP market
APAC dominates the market with many developing countries contributing to its growth. China was the
largest producer of aluminium FRP in 2014, followed by Japan and Taiwan. China is focusing on
balancing internal market by discouraging export of primary aluminum by imposing high duties. At the
same time, it is giving VAT rebates for export of semi-fabricated and value-added products, thus,
encouraging the export of high value products.
Vendor landscape aluminium FRP industry
Constellium is planning to build a second body-in-white aluminum finishing line with a capacity of
100,000 tons in North America. Similarly, other international players are also expected to expand their
production capacity. The competitive environment of this market is expected to intensify with an
increase production capacity in the coming years. The market is also likely to witness a growing trend of
local acquisitions by the leading players. The key players in the market are expected to diversify their
geographical presence with a focus on APAC during the forecast period.
The report recognizes the following companies as the key players : Aleris, Alba, Alcoa, EGA, Hindalco-
Novelis, Novo Hydro, RUSAL and Vedanta
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Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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