Aluminum Billets Market Report

The global aluminum billets market is projected to grow at a moderate CAGR during the forecast period 2019-2025. Aluminum billets are widely consumed in different industries such as electronics, general engineering, and heating, ventilation, air conditioning, and refrigeration (HVACR). Aluminum forging and extrusion companies using remelt technology are expected to create demand for high-quality, homogenized aluminum billets series 6000.

Manufacturers of aluminum billets are anticipated to adopt effective strategies to increase their production. In June 2019, Rusal, a Russian aluminum company, announced the implementation of a BigData aluminum production management project at many of its smelters in Siberia. The project includes a new potroom control system that is expected to help improve the company’s aluminum production efficiency twofold.

Strong Requirement for Extrusion Aluminum Products Likely to Strengthen Demand

Aluminum billets are extensively used in various industry verticals for a range of high-strength applications, which include engineered products, consumer durables, transportation, and building and construction. Ability to meet critical specifications related to physical and mechanical properties, exceptional surface finish, consistency in properties, and high extrudability are some of the main advantages of aluminum billets that make them suitable for use in different applications. High demand for extrusion aluminum products in commercial applications is predicted to increase the requirement for aluminum billets.

Broad distribution of aluminum consumption compared to other metals is anticipated to put a positive impact on the growth of the global aluminum billets market. Besides construction, transportation and equipment are expected to become significant consumers of aluminum billets among other end-use industries.

Players Anticipated to Focus on Increasing Production and Enhancing Production Efficiency

Some of the leading manufacturers of aluminum billets are Rusal, Henan Haihuang, Rio Tinto, Aluar, Alcoa, KUMZ, EGA, Wanji, Yinhai Aluminum, Jiangyin Tianyang Metal, Xinfa Group, Matalco, Norsk Hydro, Glencore, Alba, Noranda Aluminum, CHALCO, and SNTO. In October 2019, Alcoa, a US aluminum producer, announced its third quarter 2019 results. According to Alcoa CEO Roy Harvey, the company achieved continued stability and strong operational performance across its aluminum value chain in the third quarter. Manufacturers of aluminum billets are expected to focus on sustainability and production of responsibly-sourced materials in future.

Market Segments

By Product Type

●  Aluminum Billets Series 1000

●  Aluminum Billets Series 3000

●  Aluminum Billets Series 6000

●  Others

By Application

●  Transportation Industry

●  Packaging Industry

●  Construction Industry

●  Electronics Industry

●  Others

Based on product type, the global aluminum billets market is segmented into aluminum billets series 6000, aluminum billets series 3000, aluminum billets series 1000, and others. Manufacturers also offer specialty aluminum billets that can be used in cylinders, heat exchangers, and other niche applications. The report also sheds light on the market growth of key applications of aluminum billets such as electronics, construction, packaging, transportation, and others. Among these, construction is predicted to become a highly important downstream market for aluminum billets in the coming years.

By Region        

According to market analysts, China is a larger producer of aluminum billets in the world. It is expected to maintain its lead in the global aluminum billets market in terms of production for the next few years. The report offers deep insights into key regional aluminum billets markets such as North America, South America, the MEA, and Europe. All of the regions included the report are thoroughly analyzed on the basis of market share, recent developments, future growth potential, and other crucial factors. Readers can use the regional analysis provided in the report to gain sound understanding of the demand growth in different parts of the world. Furthermore, they will be able to compare the market growth of the regions on the basis of key parameters.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.