1. What is Aluminum Round Bar?

An Aluminum Round Bar is a solid, cylindrical-shaped aluminum product with a uniform cross-section, made from different aluminum alloys. It exhibits characteristics like excellent corrosion resistance, lightweight properties, and high flexibility, which make it popular for use in a variety of industries.

2. Features of Aluminum Round Bar

• Excellent corrosion resistance

• Lightweight yet strong

• Machinability and formability

• Good thermal and electrical conductivity

• Suitable for various surface treatment processes

3. Applications of Aluminum Round Bar

Aluminum Round Bars have versatile applications due to their unique properties, including the following:

• Construction and architectural projects

• Aerospace and automotive components

• Machinery and industrial equipment parts

• Electric and telecommunications equipment

• Marine applications

4. Market Demand for Aluminum Round Bar

The market demand for Aluminum Round Bars is continually growing, driven by a surge in applications across various industries. The Compound Annual Growth Rate (CAGR) is projected to be around 4.5% during the 2021-2026 period.

5. Market Share of Aluminum Round Bar

The market share of Aluminum Round Bar within the broader aluminum industry is estimated at around 6%-8% globally. This share is predicted to rise, fueled by product innovation and the increasing demand for lightweight alternatives to conventional materials.

6. Price Trends of Aluminum Round Bar

The prices of Aluminum Round Bars fluctuate due to factors like raw material costs, demand-supply dynamics, and global economic changes. Recently, major manufacturers have employed strategies to stabilize the prices and ensure a consistent supply.

7. Suppliers of Aluminum Round Bar

Prominent global suppliers of Aluminum Round Bar include:

• Alcoa

• Norsk Hydro

• Novelis

• Rusal

• Kaiser Aluminum

• Constellium

• Aleris

8. Conclusion

To conclude, the Aluminum Round Bar industry is experiencing growth in market demand, market share, and applications across different sectors. Key suppliers and manufacturers are working diligently to maintain a stable and competitive supply to meet this increasing demand.