Market Scenario:
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.
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.
Get Free Sample Now@ https://www.marketresearchfuture.com/sample_request/3034
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.
Segmental Overview:
MRFR’s segmental analysis of the global Aluminum
Extruded Products Market Size 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.
Key players
·
Hydro Extruded Solutions
·
China Zhongwang Holdings Limited
·
Arconic
·
Constellium
·
Bonnell Aluminium
·
Gulf Extrusions Co. LLC
·
Hindalco Industries Limited
·
Century Extrusions Limited
·
QALEX
·
TALCO
Industry Newss
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.
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.
Access
Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/aluminum-extruded-products-market-3034
No comments:
Post a Comment