Key players of Aluminum Extrusion Market are Jindal Aluminium Limited, Norsk Hydro ASA, Century Aluminum, Arconic, Global Aluminium Pvt. Ltd., TALCO, QALEX, Novelis, Constellium, China Zhomgwang Holdings Limited, and Guang Ya Aluminium.
The global aluminum extrusion market size was valued at USD XX Bn in 2019 & is estimated to grow at a CAGR of 3.8% from 2019 to 2027. The market is projected to recover from the COVID-19 outbreak in a surprised manner with robust demand from the building & construction industry post COVID crisis. The profits of extruded aluminum products, like low cost, lightweight, & recyclability, make them suitable for usage in the construction of infrastructure & buildings. Therefore, fast urbanization, especially in the developing economies of Asia Pacific, is expected to be a vital factor in supporting industry development. The impact of the corona virus outbreak on the demand for extruded aluminum in China is estimated to be severe in the short term, followed by a robust recovery in 2021. A strong recover in the economic activity of China, after the relaxation of economic & social controls since April 2020, is likely to relax the impact of the pandemic for the remainder of 2020.
Aluminum extruded shapes ruled the market & accounted for a revenue share of 80.2% in 2019. Growing demand for extruded shapes from the building & construction, automotive, & consumer goods segments is a major factor powering the segment growth. The normally used shapes are angles, channels, & tubing. Common applications of these products in buildings contain windows, sliding doors, & railings. Aluminum extruded rods & bars have found usages in electrical transmission lines. Aluminum has 61 percent of the conductivity of copper while having only 30 percent of the copper weight, making it economical solution. The global electricity demand recorded a CAGR of 3.4 percent from 2000 to 2018. Increasing electricity demand, especially from developing economies, is likely to stimulate the demand for extruded rods & bars during the forecast period.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about Global Aluminum Extrusion Market. The report encompasses the market by different segments, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in Global Aluminum Extrusion Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Aluminum Extrusion Market positioning of competitors.
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