Aluminum Extrusion Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Aluminum extrusion is a technique used to transform aluminum alloys into objects with a definitive cross-sectional profile for a wide array of applications. The extrusion process produces most of aluminum’s unique combination of physical characteristics. Its malleability allows it to be easily machined and cast. Yet, aluminum is one-third the density and stiffness of steel. Therefore, its products offer strength and stability, particularly when alloyed with other metals. Aluminum extrusions are 100% recyclable and emit no significant hazardous gases during their processing. aluminum extrusion is increasingly replacing steel in automobiles. It is preferred over other metals due to its properties such as lightness of weight and low fuel consumption. Furthermore, aluminum is resistant to corrosion and easily recyclable. This ensures sustainability and durability of vehicles. Therefore, aluminum is widely used in the automobile industry.
Increase in governmental incentives to employ aluminum extrusions in Building Integrated Photovoltaic (BIPVs), which are used in generation of renewable energy, is driving the aluminum extrusion market. Rapid growth in the building & construction industry is one of the major factors propelling the aluminum extrusion market. Rise in demand for infrastructure development, residential, and non-residential projects and rise in manufacturing of power generation & distribution equipment, and air conditioning units are augmenting the aluminum extrusion market. Rise in per capita income and changing lifestyles of the people are also triggering the growth of the aluminum extrusion market.
On the other hand, availability of cheaper substitutes is hampering the aluminum extrusion market.
Based on product type, the aluminum extrusion market can be segmented into mill finished, powder coated, and anodized. The mill finished segment accounts for more than 60% share of the market owing to its rising usage in non-corrosive articles.
In terms of end-use industrial applications, the aluminum extrusion market can be divided into building & construction, machinery & equipment, electrical, consumer durables, and transportation industry. The building & construction segment accounts for more than 60% share of the market owing to the rapid urbanization and industrialization.
Based on geography, the aluminum extrusion market can be segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific constitutes significant share of the aluminum extrusion market owing to the expansion in building & construction industry and shift toward adoption of green buildings in emerging economies such as Japan, China, and India. Europe is following the aluminum extrusion market in Asia Pacific, led by the vast automobile industry base in the region and increase in industrial consumption of extruded aluminum.
Key players operating in the aluminum extrusion market include Aluminium Products Company (ALUPCO), Al-Taiseer Aluminium Factory, Balexco, Hulamin Extrusions, Tajik Aluminum Company (TALCO), YKK Corporation of America, Zahit Aluminum, ALCOA Inc., Constellium, Gulf Extrusions, Hindalco-Novelis, and Hydro Aluminum.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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