In 2023, the market size of aluminium plates, sheets, and strips thicker than 0.2 mm in the UK stood at 2.1 billion Euros. Forecasted data indicates a steady growth from 2024 to 2028, with values increasing to 2.2747 billion Euros by 2028. Year-on-year growth shows a consistent positive trend, averaging a roughly 1.44% increase annually over this period. The compound annual growth rate (CAGR) from 2024 to 2028 reflects an upward trajectory, suggesting robust market dynamics.
Future trends to watch include:
- Potential impacts of global supply chain challenges.
- Innovations in aluminium recycling and sustainability efforts.
- Shifts in demand due to advancement in industries like automotive and aerospace.