This report provides exclusive insights into the COVID-19 impact on the Aluminum Extrusion Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Aluminum Extrusion Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Aluminum Extrusion Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on aluminum
extrusion market provides an in-depth analysis of segments and sub-segments in the
global as well as regional aluminum extrusion market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional aluminum extrusion market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of global aluminum extrusion market. According to the report, the global
aluminum extrusion market is projected to grow at a CAGR of 4.39% over the
forecast period of 2019-2025.
Steel has been increasingly replaced by aluminum due to its better
physical properties such as strength and lightweight. Aluminum extrusion
products have found application in various fields including construction and
automobile. These products are easy and cheap to manufacture, which makes them
favorable to the adoption on a larger scale. The aluminum extrusion market is
highly competitive and fragmented in nature. Several local, as well as
multinational players in the market, are competing with each other for their
share of the market. The leading market players including Aluminium Products
Company (ALUPCO), Alcoa Corporation, Hindalco Industries Limited, and others
are focusing on vertically integrating by mergers and acquisition of suppliers
The rapidly growing building & construction industry is
majorly driving the growth of the aluminum extrusion market. The growing
urbanization and rise in population have increased demand for new houses and
real estate in emerging economies. Moreover, the increasing replacement of
steel in automobiles and transport industry is anticipated to boost the growth
of the aluminum extrusion market. Aluminum comes with better physical
properties as compared to steel. Aluminum is strong as well as light in weight
which makes is a better option for manufacturing automobile. Furthermore, its
high sustainability and durability are supporting the demand for aluminum
extrusion. However, the low awareness among the customers about the products is
the major restraining factor for the growth of the aluminum extrusion market.
Nevertheless, the rise in governmental incentives for Building Integrated
Photovoltaic (BIPVs) is expected to offer lucrative opportunities for the key
players in the aluminum extrusion market.
In terms of geography, Asia-Pacific held the highest market share,
dominating the global aluminum extrusion market. The dominance of the Asia-Pacific
market attributed to the increasing construction activities and automotive
production and shift toward the adoption of green buildings in emerging
economies. The European aluminum extrusion market held the second largest
market share, globally.
The report on global aluminum extrusion market covers segments
such as type and end-user. On the basis of type, the sub-markets include
mill-finished, anodized, and powder coated. On the basis of end-user, the
sub-markets include automotive, machinery & equipment, aerospace, building
& construction, and other end-users.
The report provides profiles of the companies in the market such
as Aluminium Products Company (ALUPCO), Bahrain Aluminium Extrusion Co, Alcoa
Corporation, Tajik Aluminum Company, BHP Billiton Ltd., Hindalco Industries
Limited, Guangdong Fenglu Aluminium Co. Ltd., Constellium SE, Norsk Hydro ASA,
China Zhongwang Holdings Limited, and Other Companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the growth in this
market. Moreover, The IGR-Growth Matrix analysis given in the report brings an
insight into the investment areas that existing or new market players can
consider. The report provides insights into the market using analytical tools
such as Porter's five forces analysis and DRO analysis of aluminum extrusion
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.