Aluminum foil has many excellent characteristics. It can not only be used as packaging material, but also widely used in food, beverage, cigarette, medicine, cosmetics, cooking, household daily necessities and other fields. In addition, it can also be used as an electrolytic capacitor material in electronic power, new energy vehicles and other fields. Not only that, it is also used as a heat-dissipating or heat-insulating material in the fields of air-conditioning, heat transfer, and refrigeration. It can be said that aluminum foil can be seen everywhere in all areas of the national economy or in daily life.
According to statistics, global aluminum foil consumption increased from 3.3 million tons in 2009 to more than 5.7 million tons in 2018, of which China's consumption accounted for about 54%, Europe accounted for 15%, North America accounted for 12%, and other Asian countries accounted for 9%. Although the growth rate of global aluminum foil consumption has declined since 2015, it still increased by about 3.5% in 2018.
In recent years, the structure of China's aluminum foil industry has undergone major changes. The production capacity of key enterprises has been continuously improved, and the market share has increased. The trend of aluminium foil supplier towards integration, grouping and diversification is obvious. Shandong, Inner Mongolia, Gansu, Yunnan, Guangxi and other provinces have become new important aluminum foil production bases by the cost advantage of electrolytic aluminum, gathering a number of important aluminum foil factories and aluminum foil suppliers.
Fierce competition has led to an increase in mergers and acquisitions of aluminum foil companies. The aluminum foil companies will be more focused on subdividing the market, taking the road of professional and differentiated development.