Global Aluminum Extrusion Market Size is estimated to expand rapidly in coming years, at a CAGR of 6.1 % from 2018 to 2025. In 2017, the global market valuation was USD 80.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Building and construction projects around the world are on the rise. In addition, it is expected in the coming years to fuel market growth. Aluminum extrusion advantages such as low-cost, structural designs and recyclability make it ideal for construction and utility buildings. The construction industry is expected to increase rapid urbanization.
Aluminum Extrusion Market Worldwide Trends By 2020
Aluminum extrusion is used for the conversion of sunlight to green power in lightweight frames and in structures in the solar energy industry. Progress to increase the demand for aluminum extrusion is anticipated in the solar energy industry. New producers were forced to enter the market by the rising demand for aluminum extrusion. Incorporating a new production plant for aluminum extrusion requires enormous capital expenditure due to high plant and machine costs.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global aluminum extrusion market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global aluminum extrusion market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
By Product Insights: On the basis of product, global aluminum extrusion market has been segmented into shapes, rods & bars, pipes & tubes. The largest segment was aluminum extruded shapes, which accounted for a share of 2018's revenues. This rise is due to the growing demand in the automotive, construction, and consumer goods sectors for aluminum extract. Channels, angles and tubing are the most widely used types. Such services are used in buildings with sliding doors, windows and bars. They are used for external purposes in vehicles.
By Application Insights: On the basis of application, global aluminum extrusion market has been segmented into building & construction, consumer goods. The segment of automotive & transport accounted for the largest volume market share of the 2018 market and is expected to grow steadily over the next few years. The growth is due to aluminum's light and efficient properties, together with rising demand for cars and electric vehicles. Aluminum extruded materials are used in automotive applications such as bumper structures, window frames and structural parts.
The aluminum extrusion market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2018, Asia Pacific was the largest aluminum extrusion regional market. Due to growing manufacturing and building industries, especially in China and India, it is expected to be the fastest growing market. Growth in the industry is due to growing population and an increasing focus on the growth of infrastructure.
The aluminum extrusion market in North America is mainly driven by the construction and energy industries. The United States dominated the region by its energy industry demand.
Global Aluminum Extrusion Market Size, Share Analysis by Region 2018
Global Aluminum Extrusion Market Study Objective
1. To forecast the market size of aluminum extrusion market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of aluminum extrusion market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of aluminum extrusion market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of aluminum extrusion market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the aluminum extrusion market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Jindal Aluminium Limited, Arconic, Century Aluminum, Global Aluminium Pvt. Ltd., Novelis, Constellium, Norsk Hydro ASA, TALCO, and QALEX are some of the key players in the market of aluminum extrusion. In order for companies to become marketplaces, they are undertaking strategic initiatives in both developed and developing countries, such as fusions and acquisitions, new product development and risk capital investments. Industries invest in technological solutions to improve distribution, front end sales and service to customers.
Global Aluminum Extrusion Market Study Report Offer You!
The global aluminum extrusion market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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