With Rising consumption of Aluminium, the Rise is Aluminium foil market Forecasted

Electronic Vehicles and Air Conditioner A Promising Opportunities in the field of Aluminium Foil Market
Aluminium foil plays an important role in the working of an air conditioner, protecting it from leakages and focusing on the reduction of energy loss. The foil used in air conditioners is called air conditioner aluminium foil. Due to rising temperatures, the demand for air conditioners rose, and the prices increased by 3 to 5%. According to the Japan Refrigeration and Air Conditioning Industry Association, the demand for air conditioners is expected to grow by 102% worldwide. This will consequentially increase the demand for air conditioner aluminium foil globally.
Recent Trends in the Aluminium Foil Industry
- Increase in demand for child-resistant packaging to prevent the risk of poisoning to children.
- Utilization of recyclable aluminum foil to reduce greenhouse gas emissions.
- Innovation of bags & pouches segment to protect food in better ways.
- To print product information and dosage guidelines on aluminum foil New high-resolution printing methods are used.
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High Viscosity and Recyclability Acts as a Restraining Factor for Aluminium Foil Industry
Innovative Invention and Collaborations in Aluminium Foil Market is Gaining Friction
In May 2021 RUSAL and Gränges AB signed an agreement to cooperate on the development of aluminium alloys for automotive applications. As part of the agreement, RUSAL developed new aluminium alloys, slab casting, and heat treatment processes, alongside Gränges which developed a process for the rolling and fabrication of Flat Rolled Products for automotive customers. Gränges AB. RUSAL produced a large range of alloys, including the aluminium-scandium lead alloys under the ScAlution brand. Due to their high technological, physical, and mechanical properties, ScAlution alloys contributed to lighter vehicles, thus lowering fuel consumption and air emissions. In December 2021 Hindalco Industries Limited, Aditya Birla Group’s metals flagship and the world’s largest aluminium rolling and recycling company, signed a definitive agreement to acquire Hydro’s aluminium extrusions business in India for an enterprise value of US$ 29 Million. This acquisition from Hydro, the Norway-headquartered aluminium and energy company, brought into the Hindalco fold, an integrated facility located in Kuppam, Andhra Pradesh, an experienced team of employees, and the ability to serve a robust portfolio of reputed customers.
List of companies operating in the Aluminium Foil Market include Amcor Plc., Henan Huawei Aluminum Co., Ltd., Hindalco Industries Ltd, Constantia Flexibles, Penny Plate, LLC, Neelam Global Pvt Ltd, UACJ Foil Corporation, SNTO Holdings Group, Toyo Aluminum Ecko Products, Eurofoil Luxemberg
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Aluminium Foil Market is Primarily Dominated by North America and Gaining Market Expansion
The potential market for aluminium foil is Germany, where the imports were around $1.22 billion. Speaking about the overall Europe region, the market for the same is diminishing according to the report of the International Aluminium Journal. The demand in the European region has remained below the levels of 2022 throughout 2023. According to the figures released by the European Aluminium Foil Association, there is a double-digit fall in the final quarter of 2023. The total shipments fell by 14.6%, and exports were down by 22%. The major dominator in the aluminium foil market is Asia Pacific, which includes China as a prominent player due to its rapid growth in the food and beverage and pharmaceutical industries. In the year 2022, China was ranked number one in the list of exported aluminium foil markets. The total amount of aluminium foil exported summed up to $6.56 billion, amounting to a total of 34.8% of the total export share; whereas Japan was standing in fourth place in the list of exports, which summed up the 4.26% of the total export share, the total traded value of exportation was $806 million.
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Thailand, Vietnam, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Algeria, Israel, Iran, Iraq, Kenya, Ethiopia, Rest of MEA |
Aluminium Foil Market Research Report Covers In-depth Analysis on:
- Aluminium foil market detailed segments and segment-wise market breakdown
- Aluminium foil market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in aluminium foil industry)
- Current, historical and forthcoming 10 years market valuation in terms of aluminium foil market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Aluminium foil market demand analysis
- Aluminium foil market pricing analysis over the forecast period (by key segment and by region)
- Aluminium foil market regional insights with the region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in aluminium foil market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in aluminium foil market
- Aluminium foil market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on aluminium foil market forecast by countries
- Mergers and acquisitions in the aluminium foil market
- Essential information to enhance market position
- Robust research methodology