In 2023, the UK market for aluminium plates, sheets, and strips over 0.2 mm thick stood at an estimated size of 480 million kilograms. From 2024 to 2028, a gradual decline is forecasted, with volumes dropping from 478.26 to 474.93 million kilograms, reflecting a Compound Annual Growth Rate (CAGR) of approximately -0.17%. The year-on-year decreases average around -0.19%, indicating consistent downward momentum in the market size.
Future trends to watch for include:
- Potential impacts of technological advancements on the efficiency and sustainability of production processes.
- Shifts in demand spurred by evolving applications for aluminium in various sectors such as automotive and construction.
- Environmental policies that may influence manufacturing practices and material preferences, potentially offsetting the declining trend.