The global Aluminum laminated film market was valued at US$ 152.1 Mn in 2030, according to Global Aluminum Laminated Film Market Report, by Process Type (Thermal Process and Dry Process), by Application (Lithium-ion Battery and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights.
The global aluminum laminated film market is expected to reach US$ 152.1 Mn by 2030, exhibiting a CAGR of 16.7% during the forecast period, owing to increasing demand for aluminum laminated film from lithium-ion battery manufacturers. Aluminum laminated film is used for packaging lithium-ion batteries, which finds application in consumer electronics, e-bikes & e-scooters, power tools, and electric vehicle batteries.
The introduction of fuel efficiency regulations by various governments, promotion of sustainable transportation systems by different organizations such as IEA (International Energy Agency) and NACTO (National Association of City Transportation Officials of North America), the rising problem of traffic congestion, awareness towards climate change and air quality among the population, and increasing demand for economical modes of transportation are driving the market growth of micro-mobility electric vehicles such as electric kick scooters. The adoption of e-scooters has increased significantly, owing to its lower carbon footprint. E-scooters emit around 1 gCO2e of greenhouse gases per passenger and per km, which is significantly lower than the I.C. engine vehicles. Owing to these benefits, there is increasing demand for electric scooters across the globe, which in turn is expected to boost the expected to boost demand for lithium-ion batteries, which is further expected to drive market growth.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/aluminum-laminated-film-market-3830
Browse 55 market data tables* and 40 figures* on "Aluminum Laminated Film Market” - Global forecast to 2030.
Key Trends and Analysis of the Global Aluminum Laminated Film Market:
- Players operating in the aluminum laminated film market are focusing on adopting various growth strategies such as product development, in order to expand their market presence. For instance, in March 2020, Show Denko K.K. launched a new series of SPALF aluminum laminated films for packaging large-scale lithium-ion batteries. SPALF is a laminated composite film that consists of resins and aluminum foil, which is used as a packaging material for pouch-type lithium-ion batteries.
Key Takeaways of the Market:
- Among regions, North America is expected to be the fastest-growing region in the global aluminum laminated film market over the forecast period. This is attributed to the increasing demand for energy storage systems from the power generation sector. The energy storage system uses a group of batteries such as lithium-ion batteries to store electrical energy. This is expected to drive demand for aluminum laminated film over the forecast period. Moreover, players operating in the energy storage systems market are focusing on business expansion, in order to meet the increasing demand for electricity, which is expected to drive the market growth. For instance, on April 2, 2020, Sinexcel ( provider of battery energy storage solutions) announced the commissioning of a 72MWh (Megawatt-hour) pair of lithium iron phosphate battery energy storage projects in Illinois and West Virginia in U.S. to provide frequency regulation services to the PJM Interconnection (coordinates movement of electricity through Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and the District of Columbia) service area.
- Major players operating in the global aluminum laminated film market include Showa Denko K.K., Avocet Steel Strip Ltd., T&T Enertechno Co., Ltd., Daoming Optics and Chemical Co., Ltd., Nanografi Co. Inc., AME Energy Company, Dai Nippon Printing Co., Ltd., Selen Science & Technology Co., Ltd., Targray Technology International, and Gelon LIB Group
Global Aluminum Laminated Film Market- COVID-19 Impact
The market for aluminum film has been significantly impacted by the COVID-19 pandemic. Due to the widespread lockdowns enacted as a result of COVID-19's emergence, the supply chain for the aluminum film was impacted during the COVID-19 crisis. Revenue collection decreased as a result. Despite this, the demand for pharmaceutical products and ready-to-eat foods has increased, providing the aluminum film industry with significant room for expansion. The market for aluminum film packaging has grown significantly on a global scale thanks to the use of e-commerce platforms and online meal delivery services.
