Aluminum Slugs Market Trend, Share, Growth, Size and Forecast 2030

Industry Prospective:

According to the most recent research study, the global Aluminum Slugs Market size & share in terms of revenue was worth USD 1,392.57 Million in 2022. By 2030, it is expected to be worth more than USD 2,146.87 Million, growing at a compound annual growth rate (CAGR) of about 5.56 percent from 2023 to 2030.

Aluminum Slugs Market: Overview

The aluminum slugs are very important in the packaging industry as they are faster, efficient, easier, safer, and effective for the slug extrusion. When compared with other metal slugs, the aluminum slugs are recyclable and eco-friendly. The aluminum slugs are available in a variety of shapes and sizes.

Request Free Sample

Aluminum Slugs Market: Growth Factors

The market for the aluminum slugs will experience a strong growth owing to the increasing demand for the convenient and smaller slugs for the process of extrusion. The market for the aluminum slugs is majorly concentrated in the beauty and personal care products. The beneficial properties of the aluminum slugs make their demand increasing in the global market which includes longer shelf life. Factors such as rise in the disposable income in the emerging economies and the shift in the focus for the convenient packaging support the growth of the market. Increase in the industrialization especially in the sectors such as food and beverages, paint, and others have increased their investments in the items that are made using the aluminum slugs. The increasing cost of the slugs due to the increase in the power rates and the volatile prices of the aluminum are the factors that are restraining the growth of the market.

Aluminum Slugs Market: Facts

The Ball Co. manufactures the aluminum slugs by using processes that do not have an effect on the environment. For instance, they make use of the aluminum that is recycled from the beverage cans in order to produce the slugs. Their product ReAl™ slugs reduce the amount of the metal in the packaging.

Request Free Sample

Aluminum Slugs Market: Segmentation

The global market for the aluminum slugs is fragmented into its shape, alloy type, application, and end-user industry.

Based on the shape, the global market is segregated into rectangular, flat, and round. Based on the application, the market is categorized into aluminum collapsible tubes, technical parts, aerosol cans, automotive cans, and others.

Based on Alloy Type, Pure aluminium (series 1000), aluminum-magnesium alloys (series 5000), and other specialised alloys (series 6000, 7000, etc.) are the three categories into which aluminium slugs can be divided according to the type of alloy that was used to produce them.

Based on the end-user industry, the market is divided into pharmaceutical, automotive, food & beverage, cosmetic & personal care, and electrical & electronics.

Based on applications, It is possible to categorize aluminium slugs according to the specific purposes they are used for. Some examples of these applications include beverage cans, automotive components, aerosol cans, collapsible tubes, capacitor housings, and other types of metal packaging.

Report Scope:

Aluminum Slugs Market: Regional Analysis

The region that contributes the major revenue share in the aluminum slugs market is North America. The region that follows North America is Asia Pacific region. It is expected that the developing regions such as the China and India will have a substantial revenue growth in the aluminum slugs market owing to the large technological advancements that are made and the rapidly growing aluminum industry. Another factor that supports the growth of the market in Asia Pacific region is the increasing spending power of the consumers. The market will grow at a moderate rate in the Western European region. In Latin America region, the countries such as Mexico and Brazil are showing a good rate of market growth.

Aluminum Slugs Market: Competitive Players

The key market players that are involved in the aluminum slugs market include

• Neuman Aluminium Austria GmbH.
• Aluminium-Werke Wutöschingen AG & Co. KG
• Haomei Aluminum Co. Ltd.
• Alucon PCL
• Aluman Sa.
• Ball Corp.
• Impol
• Jindal Aluminium Limited
• Nansen Industry Co. Ltd.
• and Rheinfelden Semis GmbH. & Co. Kg.

The global wristwatch packaging market is segmented as follows:

By shape,

• Rectangular
• Flat
• Round

By Alloy Type

• Pure aluminium (series 1000)
• Aluminum-magnesium alloys (series 5000)
• Other specialised alloys (series 6000, 7000, etc.)

By applications,

• Aluminum collapsible tubes
• Technical parts
• Aerosol cans
• Automotive cans, and others.

By end-user industry,

• Pharmaceutical
• Automotive
• Food & beverage
• Cosmetic & personal care
• and Electrical & electronics.

Based on applications,

• Beverage cans
• Automotive components
• Aerosol cans
• Collapsible tubes
• Capacitor housings
• and other types of metal packaging.

By Region

• North America

  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, ongoing, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.