Market Insights:
Market Research Future asserts
that the global aluminum extruded
products market to garner a significant 6.5% compound annual growth rate during
2017-2025 and grow to a market valuation worth USD 68.5 billion by 2025
end.
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In the process of aluminum extrusion, the
aluminum alloy is molded into objects that possess characteristic
cross-sectional profile. These products are called aluminum extruded products
which due to their strong physical properties and definitive shape are
extensively used in the construction and automobile industry. Owing to the high
flexibility, high strength, high durability, and high sustainability of
aluminum extruded products, they find numerous applications in the construction
industry, like construction of pedestrian bridge, poles, railings, and others.
Aluminum extrusion products are capable of withstanding severe conditions, like
heat, abrasion, humidity, and others. These properties of the products are
successfully replacing the use of steel in automobile industry. Aluminum
extrusion products are used in manufacturing electric vehicles, due to its
light weight and corrosion resistive nature. The products also curb down heat
flow, leading to an increase in energy efficiency, thereby reducing the manufacturing
and maintenance charge of these electric automobiles. Rising air pollution and stringent government
regulation regarding gas emission are increasing the adoption of electric
vehicles, hence triggering manufacturing of more aluminum extrusion product.
These factors are identified to augment the global aluminum extrusion market
growth.
However, there
are certain daunting challenges which can interfere the market
expansion. MRFR predicts that lack of awareness about numerous benefits of the
products, and health and environmental hazards concerning bauxite mining are
possible constraints that can impede the global aluminum extrusion market
proliferation.
Global Key Players:
Ø
Hydro
Extruded Solutions
Ø
China
Zhongwang Holdings Limited
Ø
Arconic
Ø
Constellium
Ø
Bonnell
Aluminium
Ø
Gulf
Extrusions Co. LLC
Ø
Hindalco
Industries Limited
Ø
Century
Extrusions Limited
Ø
QALEX
Ø
TALCO
Segmental Overview:
MRFR’s segmental analysis of the
global Aluminum
Extruded Products Industry provides a holistic understanding of the
market. The global aluminum extruded products market study has been segmented
into product type, alloy type, and end use.
Based on the product type, the market
has been segmented into mill-finished, anodized, and powder-coated. Owing to
the extensive use of mill-finished aluminium extruded products in the
construction and automotive industries due to its high strength, affordability,
supreme strength to sustain high temperature and pressure, the mill-finished
segment is estimated to attain the highest 5.5% CAGR in the upcoming years.
Based on the alloy type, the
market is divided into 6000 series aluminum alloys, 7000 series aluminum
alloys, 5000 series aluminum alloys, 1000 series aluminum alloys, 2000 series
aluminum alloys, and 3000 series aluminum alloys. The 6000 series aluminum
alloys are excellent corrosion resistive and possess high versatility that is
expected to impel the market registering a 6.7% CAGR in the forthcoming
years.
Based on the end use, the market
has been classified into construction, automotive, transportation &
logistics, electrical & electronics, and others. The aluminum extruded
products are widely used in windows and doors, production of aluminum glass
frames, photovoltaic panel framing, and others. Hence, the construction segment
of the market is expected to exhibit a 6.6% CAGR during the forecast period.
Regional Analysis:
The regional segmentation of the
global aluminum extruded products market provides a vivid knowledge about the
regional market status, proffering clients to prepare strategies which can
augment the market growth. The market has been segmented into Asia-Pacific,
Europe, North America, Latin America, and the Middle East & Africa.
MRFR forecast, the Asia Pacific
aluminum extruded products market to be the premier market which is expected to
proliferate with an outstanding 7% CAGR by 2025 holding the premier position.
Followed by the lead, the European market is anticipated to expand to a market
size worth USD 9,756.5 million 2025 end. The North American market is predicted
to exhibit a rapid growth.
Industry News:
In May 2019, Alexandria
Industries, a innovative contract manufacturer to invest in a new aluminum
extrusion press, that will make aluminum components to use in products people
see and use daily.
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