Market Overview

Aluminum flat-rolled products are typically manufactured by rolling thick aluminum between rolls that reduce thickness and lengthen it through hot and cold rolling processes. Plate, sheet, and foil are examples of flat-rolled aluminum products.

Because of their distinct characteristics, aluminum flat-rolled products are widely used in various industries, including transportation, packaging, building and construction, and electrical and electronics. Mexico’s aluminum flat-rolled products market was valued at USD 628.77 million in 2020 and is expected to register a CAGR of 4.95% to reach USD 890.43 million by the end of 2028.

Aluminum rolling is one of the prime methods of converting cast aluminum slabs from the smelters and wrought re-melts into a usable industrial form such as plates, sheets, strips, or foils. The flat-rolled products are produced by reducing a preheated aluminum slab via successive passes between paired, flat-surfaced steel rolls to attain the desired final thickness.

The lightweight, strength, and durability of aluminum make rolled aluminum one of the most versatile materials available for major industries such as packaging, transportation, and building and construction. Hot rolling and cold rolling are the methods used in the manufacturing of flat-rolled aluminum products.

The Mexico aluminum flat-rolled products market is expected to register a CAGR of 4.95% during the review period. The prominent factor driving the market’s growth is the growing demand for aluminum flat-rolled products in the automotive and packaging industry. Mexico is the seventh-largest automotive producer globally, and its production exceeded 3.1 million in 2020.

The established presence of major automotive producers and free-trade agreements with major countries will likely boost the Mexico aluminum flat-rolled products market. Aluminum is one of the major materials used in the automotive body owing to its lightweight and bio-degradable characteristics.

Mexico has also reported the growth in secondary aluminum production from the past few years, fueling the Mexico aluminum flat-rolled products market.

Market Overview

The Mexico aluminum flat-rolled products market has been segmented by product type and end-use industry. Based on product type, the market has been segmented into plates, sheets, standard GEQ, circles, foil stock, can stock, fin stock, and others.

Based on the end-use industry, the market has been segmented into building & construction, automotive & transportation, consumer goods, electrical & electronics, industrial, packaging, and others. Among these, the automotive & transportation segment accounted for the largest share of 40.18% in the Mexico aluminum flat-rolled products market and is anticipated to grow at a rate of 5.56% throughout the forecast period.

The key factor driving the growth of the Mexico aluminum flat-rolled products market is the growing demand from key end-users such as the automotive and packaging industry. The established presence of major automotive producers and free-trade agreements with major countries is likely to boost the Mexico aluminum flat-rolled products market.

The automotive industry exhibits a high consumption of aluminum due to its lightweight and bio-degradable characteristics. Further, growth in Mexico’s secondary aluminum production is fueling the Mexico aluminum flat-rolled products market.

Major Players

ALMEXA, Constellium SE, UACJ Corporation, NORSK Hydro ASA, Novelis, AMAG Austria Metall AG, Kaiser Aluminum, Granges, Olympic Steel, and FRACSA.

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