The global aluminum extrusion market size is predicted to increase to USD XXXX Billion in the year 2016 to USD XXXX Billion by the year 2021, at a CAGR of XXX% during the forecast period of 2018-2025.
The aluminum extrusion process converts aluminum alloys into products that have a cross-sectional profile. It produces maximum amount of aluminum’s unique set of physical characteristics. The aluminum extrusion process does not produce any hazardous gases and is 100% recyclable.
The aluminum extrusion market share is growing due to the growing demand in industries like automotive, construction, aerospace and defense and the increased demand durable light-weight products. Aluminum extrusion is rapidly replacing steel in automobile industry owing to its strength and stability, especially when alloyed with other metals. Another factor influencing the growth of global aluminum extrusion market size, are its lightness of weight and low fuel consumption.
Growing government support towards use of aluminum extrusions in building integrated photovoltaic (BIPVs), is also helping the growth of aluminum extrusion market share. This is also influenced by the growth in construction industry for commercial and residential projects. Other factors influencing market growth are power generation, air conditioning units and distribution equipment’s. The changing lifestyle of people along with increased spending power is overall effecting the market growth.
Aluminum extrusion market trends 2018, indicate growing demand for green buildings will be the major reason for market growth. Aluminum extrusion is mainly used in doors and windows as they are in-line with the global standard of green buildings. Growth owing to the benefits of aluminum extrusion and its environmental benefits like controlling CO2 emissions.
However, at the same time there are lower cost-effective alternative available for aluminum extrusion, is a factor that is restricting the growth of global aluminum extrusion market size.
Segmentation of aluminum extrusion market share is done on type of product, end use and region. Segmentation on the basis of product type is powder coated, mill finished, and anodized. Among these product types the segment of mill finished product contributes almost 60% to the market share. Segmentation on the basis of end-use is electrical, construction and building, consumer durables, machinery and equipment, and transportation industry. Among the end-user segments the building and construction segment contributes the maximum market share.
Segmentation on region is done as Latin America, North America, Asia Pacific, Europe, and Middle East & Africa. The Asia-Pacific region gives a major share in the market, due to its growing economies like Japan, China and India. Asia-Pacific is closely followed by Europe, owing to the vast automobile industry that is present in the region and growing usage in industries.
Key players in global aluminum extrusion market share are operating in the competitive landscape of aluminum extrusion market include Al-Taiseer Aluminium Factory, Hulamin Extrusions, Balexco, YKK Corporation of America, Tajik Aluminum Company (TALCO), ALCOA Inc., Zahit Aluminum, Hydro Aluminum, Gulf Extrusions, Constellium, Hindalco-Novelis, and many others.
The various segments of global aluminum extrusion market share are,
By Product type:
- Powder coated
- Mill finished
- Construction and building
- Consumer Durables
- Machinery and equipment
- Transportation industry
- Latin America
- North America
- Asia Pacific
- Middle East & Africa
What to expect from the upcoming report on ‘global aluminum extrusion market share’:
- Future prospects and current trends of the global aluminum extrusion market share by the end of forecast period. (2017 – 2025).
- Information regarding technological progressions as well as innovations across the world
- Supportive initiatives by government likely to influence the market dynamics.
- In-depth analysis of different market segmentations including regional segmentations, applications and types.
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.