The transportation industry will account for the majority of the growth in flat rolled and extruded aluminum products, which is expected to grow at a compound annual growth rate (CAGR) of 5-6% between 2016 and 2020. According to recent market research and projections, the major aluminum fabricators have expressed a general belief that the market will continue to expand. Due to the fact that major economies are attempting to stabilize their financial sectors, demand from the construction industry will remain weak during this period, resulting in stagnant overall GDP growth during the period under consideration.
aluminium plate manufacturer is expected that extrusions and flat rolled products (FRPs) in particular will grow at the fastest rate, with China accounting for the lion's share of the increase in demand in this sector. When it comes to economic development, India, Brazil, and other developing countries will be right behind the United States in terms of progress. As a result of the report's findings, only automotive sheet is expected to grow at the fastest rates among the materials in North America (at up to a 25-30% compound annual growth rate), Europe, and East Asia (10-12% compound annual growth rate). The demand for automotive sheet alone is expected to more than double over the next five years, rising from approximately 1.2 million tonnes in 2015 to approximately 2.4 million tonnes in 2020, representing an average global growth rate of 15% compound annual growth rate over the period under consideration.
In accordance with the most recent available data, global demand for semi-finished products is currently estimated to be around 80 million tonnes per year, with China accounting for approximately 36 million tonnes of that demand and the rest of the world accounting for 44 million tonnes of that demand. The global demand for fiber reinforced plastics (FRPs) is approximately 24 million tonnes (approximately 50% of which comes from East Asia (including China)), and the global demand for extruded products is approximately 26 million tonnes (72% of which comes from East Asia and China). Fiber reinforced plastics (FRPs) are used in a variety of applications, including aerospace, automotive, and construction. Fiber reinforced plastics (FRPs) are used in a wide range of industries, including aerospace, automotive, and construction, to reinforce structures. In a variety of industries, including aerospace, automotive, and construction, fiber reinforced plastics (FRPs) are used as structural reinforcement to strengthen and reinforce structures. Fiber reinforced plastics (FRPs) are used as structural reinforcement in a variety of industries, including aerospace, automotive, and construction. FRPs are used to strengthen and reinforce structures in a variety of industries. Demand for semi-finished products is dominated by the transportation industry, with the construction industry accounting for the remaining one-quarter of total demand for semi-finished products. In semi-finished products, both of these segments account for the vast majority of the total demand for aluminum, aluminium pipe which, in turn, accounts for the vast majority of the total demand for aluminum in finished products. China is the most important driver of global demand in this sector, accounting for approximately 45% of total demand. In terms of total demand, Asia (excluding China) accounts for 18% of total demand, followed by Europe and North America, which each account for approximately 15% of total demand. As a result of the fact that there is no reliable statistical data available, only estimates from some of the most respected market research firms, each of which has produced a unique set of results, the figures presented here are approximate (though reasonably accurate). Recent years have seen a significant increase in the demand for fiber reinforced plastics across a wide range of industries, including the transportation (particularly light vehicles) and packaging industries, as well as the manufacturing of pipe and tube.
Demand for castings in automobiles is expected to decline during the same time period, while demand for flat-rolled products is expected to continue to grow during the same time period, according to analysts. According to recent CRU research for the automotive industry, the demand for castings in North American automobile production could increase by 50% between 2012 and 2025, according to the study. Meanwhile, according to industry forecasts, the proportion of cast parts in automobiles will decline in the coming years, while the proportion of flat rolled products will increase in the coming years.
China's exports of semi-finished aluminum products have increased significantly in recent years, with exports reaching 4.2 million tonnes in 2015, nearly three times the 1.5 million tonnes exported the year before. Based on the most recent available data, it is not expected that these exports will differ significantly from those of the previous year in 2016. The Chinese rolling mill industry, which currently numbers approximately 160 and is growing, has recently made efforts to raise the technological standards of its mills in order to compete with the most technologically advanced Western mills and, as a result, drawn aluminium tube remain competitive. As a result, the vast majority of manufacturers, in contrast to Novelis and Alcoa, Aleris and other leading manufacturers, continue to lack the technological know-how necessary to manufacture the high-value-added products that they as well as other leading manufacturers manufacture. According to Michael Peter Steffen, a spokesman for Hydro Aluminium in Germany, "the exchange of best practices and integrated work with other Hydro Aluminium plants'' are important factors in the success of the Malaysian premium foil mill, which was recently inaugurated."For Michael Peter Steffen, a key factor in the company's overall success is the exchange of best practices as well as "integrated work with other plants within our organization."
Since 2008, the major producers of fiberglass reinforced plastics (FRPs) have all invested significant capital (a total of several billion dollars) in upgrading and expanding their manufacturing facilities, resulting in an aggregate investment of several billion dollars. This increase in demand has been driven primarily by the automobile and transportation industries as well as other markets. It is expected that Chinese investment will continue to attract the largest share of investment in the future, despite the completion of recent research into potential future capacity expansions. However, the nature of that investment is expected to change as time progresses. According to industry experts, a qualitative and quantitative shift in new capacity toward higher-value-added fiber reinforced plastics (FRPs) such as canstock, auto body sheet, and heat-treated sheet and plate is reasonable to anticipate in the foreseeable future in China.