Aluminium-Extrusion Market to be dominated by Building & Construction segment through 2028
Increasing
projects in construction industry and automotive production to drive Global Aluminium-Extrusion
Market in the forecast period, 2023-2028.
According to TechSci Research report, “Global Aluminium-Extrusion Market - By Region, Competition, Forecast &
Opportunities, 2028”, Global
Aluminium-Extrusion Market is anticipated to grow at a 7.02% CAGR in the
forecast period, 2024-2028. The building and construction, automotive and
transportation, and electrical industries all together construct extensive use
of aluminum extrusions. During the forecast period, the aluminum extrusions
market is anticipated to expand in response to rising demand in various
industries for extruded products that are both lightweight and long-lasting. In
numerous industries, aluminum extrusion is a crucial and cost-effective
manufacturing process that allows for design flexibility. This method is
suitable for products with intricate designs since it enables the creation of a
wide range of intricate and detailed shapes. Additionally, extruded aluminum is
a corrosion-resistant, lightweight, robust, and long-lasting material that can
withstand harsh environments. Automotive, aerospace, construction, electrical,
and electronics are major industries and applications that can benefit from
aluminum extrusions.
Browse over XX market data Figures spread through 180 Pages and an in-depth TOC on "Global Aluminium-Extrusion Market.”
Global Aluminium-Extrusion
Market is segmented based on Product Type, End-Use Industry, Alloy Type, and
Shape. Based on Product Type, the market is fragmented into Mill-Finished,
Anodized and Powder-Coated. Based on End-Use Industry, the market is further
fragmented into Building & Construction, Automotive & Transportation,
Electrical & Electronics, Consumer Durables and Others. Based on Alloy
Type, the market is fragmented into 1000 Series, 2000 Series, 3000 Series, 5000
Series, 6000 Series and 7000 Series.
Based on Shape, the market is fragmented into Composite Shapes, Rods
& Bars, and Pipes & Tubes. Based on end-use industry, the market is
fragmented into Building & Construction, Automotive & Transportation,
Electrical & Electronics, Consumer Durables and Others. During the forecast
period, building & construction segment is expected to dominate the Global
Aluminium-Extrusion market. Construction builds extensive use of aluminum
extrusions. Windows and doors, partitions, curtain walls, building siding,
roofing, railings, storefronts, greenhouses, scaffolding, building accessories,
blinds, decks, building cladding, and other are main applications of
Aluminum-Extrusion in construction sector. Exterior design is an additional
application for aluminum extrusion. It is used in a variety of applications,
including lighting devices, deep openings, and flights of stairs. It can also
be seen in products for the interior of homes and buildings. Nearly every
aspect of building construction makes use of integrated aluminum extrusion,
including piping and structural mechanics. Due to its stiffness and light weight,
it is also ideal for making canopies because it doesn't weigh much. Most
stepping stools are produced using aluminum expulsions.
On the basis
of product type, the market is fragmented into mill-finished, anodized and
powder-coated. During the forecast period, anodized segment is expected to
dominate the Global Aluminium-Extrusion Market. Anodizing is easy to keep up,
durable, and won't chip, peel, or peel over time. The anodized aluminum profile
can be restored to its original shine by regularly cleaning it with water and
mild detergent. In contrast to painted extrusions, anodized extrusions almost
never suffer any damage during manufacturing. Other wear is minimal during
installation, transportation, and handling. It will not tarnish because of the
sealing process during anodizing. Based on Region, Asia Pacific region is
expected to dominate the market for Aluminium-Extrusion during the forecast
period. Asia Pacific dominated the global market in 2021 and accounted for the
largest revenue share of more than 69%. The region will retain its dominant
position throughout the forecast years due to the presence of major
manufacturing sectors in countries, such as China, India, Vietnam, Japan, and
South Korea. Among these countries, China is projected to play a key role in
promoting industry growth through its extensive construction sector. The plan
of the Chinese government to invest in transport and energy infrastructure is
likely to positively influence the market growth over the forecast period.
North America is projected to grow at a significant growth rate from 2022 to
2030 in terms of revenue. The resumption of industrial operations post-pandemic
is projected to provide a push to the market growth
Major companies operating in the Global Aluminium-Extrusion
market are:
- Arconic
Corporation
- Bahrain
Aluminium Extrusion Co. (BALEXCO)
- GALCO
GROUP
- Aluminium
Products Company (ALUPCO)
- CENTURY
EXTRUSIONS LIMITED
- Constellium
N. V.
- China
Zhongwang
- Kaiser
Aluminum
- JINDAL
ALUMINIUM LIMITED
- Hindalco
Industries Limited
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“Increasing
number of projects in construction sector. Growing automotive sector plays a
key role in growth of aluminium- extrusion during the forecast period. Due to
its light weight, significant strength, and use in infrastructure projects,
aluminum is widely used in the production of aircraft, automobiles, trains,
construction industry and ships. Due to these utility for aluminum in
transportation, demand rises. As a result, the most recent technologically
advanced processes boost production efficiency. The Global aluminum market is
expanding due to this advancement. By focusing on the growth of non-petroleum
industries like mining and quarrying, the nation hopes to diversify its
economy. The country benefits from a variety of government policies, including
lower rents, no corporate tax, lower loan interest rates, and straightforward
land grants.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
Aluminium-Extrusion 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, Consumer Durables 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, Competition, 2018-2028”, has evaluated the future growth
potential of global Aluminium-Extrusion 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 the global Aluminium-Extrusion market.
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