In 2023, the sold production of aluminium alloy plates, sheets, and strips in Germany was approximately 3.32 billion euros. The forecast for 2024 to 2028 shows a steady increase, with values rising from 3.39 billion euros in 2024 to 3.66 billion euros by 2028. The year-on-year growth rates during these years reflect a gradual increase, averaging a Compound Annual Growth Rate (CAGR) of approximately 2% over the five-year period as the industry continues to expand.
Future trends to watch for:
- Increasing demand for lightweight materials in automotive and aerospace sectors.
- Regulatory changes impacting production costs and market competitiveness.
- Technological advancements in production efficiency and material properties.