Pre-painted Aluminum Sheets Market Size, Trends, Report 2023-2032
The global pre-painted aluminum sheets market size was estimated at around USD 6.05 billion in 2022 and it is projected to hit around USD 9.7 billion by 2032, growing at a CAGR of 4.83% from 2023 to 2032. The pre-painted aluminum sheets market in the United States was accounted for USD 916.8 billion in 2022.
Key Pointers
Report Scope of the Pre-painted Aluminum Sheets Market
| Report Coverage | Details |
| Revenue Share of Asia Pacific in 2022 | 51.05% |
| CAGR of Middle East and Africa from 2023 to 2032 | 4.16% |
| Revenue Forecast by 2032 | USD 9.7 billion |
| Growth Rate from 2023 to 2032 | CAGR of 4.83% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Companies Covered | Alucosuper New Materials Co., Ltd.; Arconic, Cascadia Metals; Ertegan BV; ITALCOAT S.r.l.; Novelis; Richard Austin Alloys.; Stek Color Aluminium |
The market is projected to be driven by the growing investments in developing the construction sector, hotels & restaurants, along with rising requirements to support the dead wall and enhancement of building aesthetics.
Rising preference for an improved infrastructure with aluminum composite panels (ACPs), and façades have gained importance in recent years. Pre-painted aluminum sheets are widely used owing to their cost effectiveness, high-quality, mechanical properties, and broad applicability. Moreover, with the growing emphasis on decreasing carbon emissions and increasing anti-corrosion properties, strength, and aesthetics, consumption is set to increase in the coming years.
Based on thickness, the market is segmented into below 2.5 mm, 2.5 to 3.0 mm, and above 3.0 mm segments. The pre-painted aluminum sheets with under 2.5mm thickness have a low share and are used for producing ACPs in the construction and industrial sectors. Aluminum has excellent resistance against weather conditions and can withstand extreme hot and cold conditions, which is driving the segment’s growth.
The market growth witnesses restrictions due to certain reasons. One of the factors is geopolitical conflicts like the Russia-Ukraine war. The war has impacted aluminum production and has caused global inflation on account of supply disruptions. This further caused the energy prices to surge. These factors have impacted the construction activities and raw material prices and affected the demand for pre-painted aluminum sheets.
The growth is however expected to be in line in the coming years, which is compelling companies to adopt strategies to expand their presence and capacity. The key players are focusing on R&D to strengthen innovations, technologies, and brand recognition to meet the new demand. For instance, in March 2023, Gulf Aluminium Rolling Mill (GARMCO), announced its plans to invest USD 24.5 million to expand its business into the new aluminum coil line. The company aims to build a technically advanced production line with reduced carbon footprints and increased productivity.
Thickness Insights
Based on thickness, the 2.5mm - 3.0mm segment held the largest revenue share of more than 79.07% in 2022. The thickness of sheets between 2.5 mm to 3.0 mm makes it an excellent option for bending and surface coating purposes. The high corrosion resistance and strength help drive the demand for 2.5 mm-3.0 mm thick pre-painted aluminum sheets.
In the construction industry, the product is mainly used for exterior and interior wall paneling with ACPs and façades. The rising demand for ACPs has compelled key players to take strategic initiatives to manufacture eco-friendly aluminum sheets and provide a sustainable option in a competitive market.
The under 2.5mm thickness segment is anticipated to register a growth rate of 4.13%, in terms of revenue, across the forecast period. The demand is attributed to the rising demand for thinly coated aluminum sheets and coils that find application in the construction & automotive industries where properties such as high strength, corrosion resistance, and ductility are required with lightweight.
Application Insights
Based on application, the aluminum composite panels accounted for a revenue share of over 58.06% in 2022. ACPs are frequently used for façades, signs, and architectural cladding. They are also employed in interior design projects that involve decorative signage, ceiling panels, and wall partitions. Compared to its counterparts, such as timber and tiles, the ACP offers more features. The demand for its applications surged owing to its low cost, high quality, and lightweight properties.
Façade is another vital application of the market, that is expected to grow at a CAGR of 4.94%, in terms of revenue, over the forecast period. Pre-painted aluminum sheets are used for interior and exterior cladding façades. These are used in the development of structures where the performance, decoration, and safety parameters are of the highest priority. One of the most important advantages of aluminum is its high strength-to-weight ratio. Hence, aluminum sheet façades are used in skyscrapers as they can bear the weight of heavy glass spans.
Durability is another key advantage offered by these façades over others. These are renowned for their high corrosion resistance. They are also resistant to weathering and hold up well in both humid and dry regions. In addition, these remain brittle-free in cold temperatures.Thus, their usage in construction applications results in significant cost savings.
Regional Insights
Asia Pacific dominated and accounted for over 51.05% share of global revenue in 2022. Increasing manufacturing activities and surging foreign investments are the key drivers fueling the growth of the market in Asia Pacific. The flourishing end-use industries such as automotive, aerospace, and building & construction in the region are also anticipated to contribute to the increased consumption of pre-painted aluminum sheets in the Asia Pacific from 2023 to 2032.
Growing investments in public infrastructures and construction projects are anticipated to drive the demand for the market in North America. For instance, in April 2022, the Government of Canada allocated USD 4 billion in its 2022 budget to launch the “Housing Accelerator Fund” for building 100,000 affordable homes over the next five years. Pre-painted Aluminum sheets are extensively used in various construction-related applications such as façades, doors, partitions, and windows.
Middle East and Africa are expected to register a growth rate of 4.16%, in terms of revenue, over the forecast period. Countries in the region are developing at a fast pace owing to the ongoing rapid industrialization and urbanization in the region. For instance, in March 2021, the UAE invested USD 81.68 billion for the expansion of its manufacturing industry as a part of its economic diversification plan into non-oil sectors. These factors are accelerating investment in resorts, hotels, artificial islands, and luxury residential projects, thereby leading to the growth of the market.
Pre-painted Aluminum Sheets Market Segmentations:
By Thickness
By Application
By Regional
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Pre-painted Aluminum Sheets Market
5.1. COVID-19 Landscape: Pre-painted Aluminum Sheets Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Pre-painted Aluminum Sheets Market, By Thickness
8.1. Pre-painted Aluminum Sheets Market, by Thickness, 2023-2032
8.1.1. Under 2.5mm
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. 2.5mm - 3.0mm
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Pre-painted Aluminum Sheets Market, By Application
9.1. Pre-painted Aluminum Sheets Market, by Application, 2023-2032
9.1.1. Aluminum Composite Panels
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Signages & Boards
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Facades
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Vehicle Parts
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Pre-painted Aluminum Sheets Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.1.2. Market Revenue and Forecast, by Application (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.1.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.2.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.2.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.3.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.4.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.5.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Thickness (2020-2032)
10.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
Chapter 11. Company Profiles
11.1. Alucosuper New Materials Co., Ltd.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Arconic, Cascadia Metals
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Ertegan BV
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. ITALCOAT S.r.l.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. Novelis
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Richard Austin Alloys.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Stek Color Aluminium
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers