Aluminium-Extruded Products Market is expected to grow at a robust CAGR
Global Aluminium-Extruded
Products Market is expected to grow owing to growth in construction and
automotive industry throughout the forecast period.
According
to TechSci Research report, “Aluminium-Extruded
Products Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028”, the Global Aluminium-Extruded
Products Market is expected to register
robust growth during the forecast period. The increasing demand and
value of recyclable aluminium products are primary factors driving the growth
of the aluminium-extruded products market. The expansion of the automobile
industry and other end-user sectors further contribute to the market's upward
trajectory. Additionally, the rise in construction activities, particularly in
developing economies, presents lucrative growth opportunities for the
aluminium-extruded products market. The market's growth rate is propelled by
the appealing properties of aluminium-extruded products, including durability,
flexibility, thermal conductivity, ductility, recyclability, and malleability.
The
incorporation of digital technologies, such as CAD/CAM software, 3D printing,
and advanced simulation tools, offers prospects for process optimization and
product innovation. Organizations can leverage these technologies for swift
prototyping, design enhancement, and effective production planning. Investing
in Industry 4.0 initiatives can bolster operational efficiency and strengthen
competitiveness.
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Based on product type, Powder-Coated segment is
expected to dominate the market during the forecast period. Powder coating is a widely utilized
finishing technique for aluminum extruded products. It entails the application
of a dry powder onto the surface of the aluminum profile, followed by a curing
process through heating. This results in a resilient, protective, and visually
appealing finish that enhances the appearance and durability of the extrusions.
Powder-coated aluminum extrusions find diverse applications across industries
such as construction, automotive, industrial, and consumer goods. Notably, powder
coating is an environmentally friendly finishing process that generates minimal
volatile organic compounds (VOCs) and can be applied with high transfer
efficiency, thereby minimizing waste. In the automotive sector, powder-coated
extrusions play a crucial role in various components including trim pieces,
roof racks, and structural parts, owing to their corrosion resistance and
ability to match vehicle colors. In the ever-evolving construction industry,
architects are increasingly integrating aluminum extrusions with powder-coated
finishes into innovative building designs, presenting promising opportunities
for companies capable of delivering unique and aesthetically pleasing
solutions. Furthermore, the demand for powder-coated aluminum extrusions
remains steady as existing structures and products necessitate refurbishment or
replacement, creating a niche market for companies specializing in
refurbishment and retrofitting.
Based on end-use
industry, Building & Construction segment is projected to dominate the
market throughout the forecast period. The Building &
Construction segment encompasses a diverse range of applications where
aluminium extrusions are utilized to create structural and architectural
elements. These extrusions find application in both residential and commercial
construction projects. Aluminium extruded products in this segment include
window and door frames, curtain walls, roofing systems, façade components,
handrails, balustrades, and structural supports. Architects and designers are
increasingly integrating aluminium extrusions into innovative building designs.
Extruded products offer flexibility in terms of shapes, profiles, and finishes,
enabling the creation of unique and aesthetically pleasing architectural
features. With energy efficiency being a key consideration in building design,
aluminium extrusions are well-suited due to their thermal performance.
Manufacturers can invest in enhancing the energy efficiency of their products
and effectively communicate these benefits to architects and builders. In
summary, the Building & Construction segment in the Global
Aluminium-Extruded Products Market is driven by urbanization, sustainability
initiatives, and architectural innovation. While it faces challenges related to
cost competitiveness, regulatory compliance, and market competition,
manufacturers can leverage opportunities through customization, promotion of
sustainability, and expansion into emerging markets.
Key market players in the Global Aluminium-Extruded
Products Market are:
- Hydro Extruded
Solutions
- China Zhongwang
Holdings Limited
- Hindalco Industries
Limited
- Century Extrusions
Limited
- Gulf Extrusions Co.
LLC
- Bahrain Aluminium
Extrusion Company
- Zahit Aluminium,
- ETEM GROUP
- Sainty Industry
Co., Ltd
- Banco Aluminium Ltd
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“The
Aluminium-Extruded Products Market in Asia Pacific is poised to be the dominant
force in the industry.
The
region is currently witnessing an unprecedented level of urbanization,
resulting in a significant influx of people into cities. This surge in
population has led to a surge in demand for both residential and commercial
construction, thereby driving the utilization of aluminium extrusions in
various applications such as window and door frames, curtain walls, and
façades. Governments across the Asia-Pacific region are making substantial
investments in infrastructure development, particularly in transportation,
energy, and public facilities. Aluminium extrusions are extensively employed in
these projects, including bridges, railings, and lighting systems. Moreover,
the automotive industry in countries like China and India is experiencing rapid
growth, with aluminium extrusions being utilized in various vehicle components,
including window frames, structural parts, and roof rails, thereby contributing
to the overall expansion of the market.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Aluminium-Extruded
Products Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast Segmented By Product Type (Mill-Finished, Anodized and Powder-Coated),
By End-Use Industry (Building & Construction, Automotive &
Transportation, Electrical & Electronics and Others), By Alloy Type (1000
Series, 2000 Series, 3000 Series, 5000 Series, 6000 Series and 7000 Series), By
Shape (Composite Shapes, Rods & Bars and Pipes & Tubes), By Region, By
Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Global Aluminium-Extruded
Products Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Aluminium-Extruded
Products Market.
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