Product Code: ETC357329 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The color coated aluminium market has experienced consistent growth over recent years due mainly to its usage across various industries including transportation & logistics; building & construction; consumer goods & retail; healthcare & medical devices; electrical equipment & appliances and others such as signage etcetera. According to 6wresearch ,the colour coated aluminum sheets/coils segment accounted for major shares among all types where it recorded revenue worth USD 123 Million during 2018 - 2025 recording a CAGR 9. 1% during that same period while uncoated aluminum sheets/coils followed closely reaching just shy off USD 119 Million mark.
The color-coated aluminum market in the Philippines is driven by various factors. The construction industry`s demand for lightweight, durable, and corrosion-resistant materials contributes significantly to this market. Color-coated aluminum is used in roofing, cladding, and decorative applications due to its aesthetic appeal and versatility. The growth of the automotive and transportation sectors also plays a role in driving demand, as color-coated aluminum is used in vehicle components. Furthermore, the increasing emphasis on sustainable materials aligns with the eco-friendly characteristics of aluminum.
The challenges in the Philippines color-coated aluminum and alloy steel markets are somewhat similar, as they both rely on industries ranging from construction and transportation to electronics and machinery. Economic volatility, changes in technology, and evolving consumer preferences for lightweight and sustainable materials can pose challenges to the growth of these markets. Moreover, the pandemic has highlighted vulnerabilities in global supply chains, affecting the availability of raw materials and components necessary for these industries.
The color-coated aluminum had impacted the market significantly during the pandemic time, with decreased real estate, commercial and residentil sectors construction had reduced the product demand. Moreover, travel restriction had also affected the raw materials supply led to slowdown in the manufacturing process.
Color-coated aluminum is used in construction, automotive, and other applications where a lightweight, durable, and aesthetically appealing material is needed. Key Players in Philippines Color Coated Aluminium Market ALUCOPHI Corporation and Yieh Phui Enterprise Co. Ltd.