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 and distributors.
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.
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