- Aluminum extrusions are gaining popularity in different end use sectors.
- Distinctive features make aluminum extrusions highly preferred by consumers.
- Asia Pacific is expected to dominate the overall global market.
Aluminum extrusions are extensively used in automotive, aircraft, toys, home & office furniture, etc. Due to its lightweight (1/3rd compared to copper), corrosion free, good electricity & heat conductivity they are increasingly used in industrial applications.
Aluminum pipe market has both organized & un-organized market players. Market is highly dominated by converters, distributors & suppliers. The recent trend in global construction & automotive industry shows that the aluminum extrusions are replacing steel products. This trend is highly contributed to aluminum extrusions lightweight, corrosion free and recyclability. Yearly approx. 60% of the aluminum extrusions are recycled in construction industry alone. The aluminum extrusions replacing steel products is highly visible in construction industry. Overall the global aluminum extrusions market is expected to grow at a lucrative compound annual growth rate (CAGR) over forecast period.
Aluminum extrusions are used in production of piston tubes, silencers, furniture, doors, panels, windows frames, ladders, and bridges in near term. Aluminum extrusions are also used in power transmission & distribution systems. Aluminum extrusions won’t emit any hazardous gases & chemicals when exposed to light, heat or any other contaminations. Due to their high flexibility & tensile strength they can be given any shape. In recent years due to its low cost of production & raw material prices, aluminum extrusions are gaining popularity in different end use sectors, the trend is highly visible in automotive sector. Country wise, Peoples Republic of China, followed by Russia, Canada, UAE and India represent highest production of aluminum extrusions.
Demand from high-end automotive, aircraft and construction sectors for lightweight and high durable solutions is driving the growth of aluminum extrusions market. People’s Republic of China produced approx. 23,300 tons of aluminum in 2014. The mega construction projects started by China in last six to seven years period is demanding increased supply of aluminum extrusions. Russia, UAE and India export large percent of their aluminum productions. Aluminum extrusions are 100% recyclable compared to other substitutes. The distinctive features make aluminum extrusions highly preferred by consumers: highly corrosion resistant, dissipates heat rapidly and evenly, only one-third the weight of copper, very strong yet lightweight, easy to fabricate, conducts equivalent loads of electric power with one-half as much material weight as copper.
The global aluminum extrusions market is segmented on the basis of product type and end-use. On the basis of product type, the global aluminum extrusions market is segmented into silencers, aluminum window profile bars, bridge & building aluminum pipes or bars, industrial heat exchanger bars, furniture aluminum bars, industrial pipes and others. On the basis of end use, the global aluminum extrusions market is segmented into automotive & mechanical parts, aerospace, building & construction, pharmaceuticals, chemicals & fertilizers & others. Building & construction and automotive sectors to dominate the overall aluminum extrusions market, this is due to their lightweight, high corrosion resistance, high ductile and tensile properties, low cost manufacturing.
Aluminum extrusions market has been segmented on the basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. Aluminum extrusions market in Asia Pacific is expected to dominate the overall global market, where China & India play a vital role in driving the region’s growth. MEA and Japan together expected to stand at second position by market dominance, which is driven by United Arab Emirates, Saudi Arabia, Qatar, South Africa aluminum Extrusions market.
Some of the players in the global Aluminum Extrusions market are Sapa Extrusion, China Zhongwang Holdings Limited, Arconic, Constellium, Hindalco-Novelis, Gulf Extrusions Co. (LLC), TALCO, Zahit, Balexco, Qatar Aluminum Extrusion Company, Bonnell Aluminum, Jindal Aluminum Limited, Banco Aluminum Ltd., Champak Industries, weseralu GmbH & Co. KG, AMCO Metall-Service GmbH, Teseo Deutschland GmbH, O’neal Steel, Zhongwang Aluminum Europe GmbH, Novelis Deutschland GmbH Ohler, Schierle Stahlrohre GmbH & CO. KG and others
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Detailed overview of parent market,Changing market dynamics in the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral perspective on market performance,Must-have information for market players to sustain and enhance their market footprint.