This market research report presents the segmentation of the global aluminum extrusion market by product type (mill finished, anodized, and powder coated), by end users (building and construction, transportation, machinery and equipment, consumer durables, and electrical) and by geography (China, Other Asia, Europe, North America, and Latin America). The key vendors analyzed in this market analysis report are ALCOA, Constellium, Gulf Extrusion, Hindalco-Novelis, Hydro Aluminum, and Sapa.
Technavio has released its new market research report, global aluminium extrusion market, which is expected to grow at a CAGR of around 7% between 2015 and 2019. The increased usage in green initiatives is driving the growth of the aluminum extrusion market. Aluminum extrusions are 100% recyclable and emits no significant hazardous gasses during processing. China accounts for around 62% market share of the global market, owing to increase in industrial consumption of extruded aluminum in the country.
“Owing to their slim structure, durability, and negligible maintenance cost, aluminium extrusions are being used in building profile systems. These products are used in windows, doors, facades, and sliding doors. aluminum extrusions do not have insulation limitations, and hence customized insulation value can be attained with them. Also, theses ensure faster construction as they have design flexibility, fast installation, easy fabrication, and superior performance,” says Sriram Mohan, Lead Analyst, Chemicals & Materials, Technavio Research
Aluminum is one of the most sustainable and energy-efficient recyclable construction material. The use of aluminum extrusions in buildings and other construction projects helps buildings achieve green status. Technavio’s research analysts estimate that around 85% of the aluminum content used in construction activities can be recycled.
The key vendors in the global aluminium extrusion market include ALCOA, Constellium, Gulf Extrusion, Hindalco-Novelis, Hydro Aluminum and Sapa. The market is highly fragmented due to the presence of many suppliers. The market was dominated by the leading six vendors. However, with the increasing number of new suppliers the market share for these top vendors is dropping and is being shared by new players. The market is anticipated to witness an increased number of consolidations during the forecast period.
A more detailed analysis is available in the Technavio report, Global Aluminium Extrusion Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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