Aluminum extrusions are used for their strength, flexibility, durability and sustainability in various sectors such as construction, transportation, electrical, machinery and consumer durables. They are 100% recyclable and emits no significant hazardous gasses during processing. The increased usage in green initiatives is driving the growth of the aluminum extrusion market. Technavios market research analyst estimates the global aluminum extrusion market to witness a tremendous growth at a rate of around 7% during the forecast period.
The growth of the automobile industry is anticipated to drive the growth of this market during the forecast period. Aluminum extrusion is replacing steel in automobiles and transport. It is preferred over other metals due to its light weight leading to reduced fuel consumption and reduced greenhouse gas emission. Moreover, aluminum is easily recyclable and resistant to corrosion, thus ensuring sustainability and durability of the vehicle.
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Product segmentation and analysis of
the global aluminum extrusion market
- Mill finished
- Anodized
- Powder coated
The mill finished segment accounted
for 58% of the market share during 2014 and is expected to reach around 13
million metric tons by the end of 2019. Mill finished products are mainly used
in applications that do not demand additional corrosive resistivity.
Segmentation by end user and
analysis of the global aluminum extrusion market
- Building and construction
- Transportation
- Machinery and equipment
- Consumer durables
- Electrical
Building and construction segment is
the largest market for aluminum extrusion. The growth of this segment is
anticipated to be at a rate of 7% during the forecast period. Around 65% of the
aluminum content in construction is estimated to be recycled annually. Its
usage in building and construction is expected to increase during the forecast
period, especially in doors, windows, panels, windows frames, ladders, and
bridges.
Geographical segmentation and
analysis of the global aluminum extrusion market
- China
- Other Asia
- Europe
- North America
- Latin America
China accounted for around 62% of
the global market share during 2014 and is expected to grow at a rate of 7% during
the forecast period. The increase in industrial consumption of extruded
aluminum is driving the market in China.
Competitive landscape and key
vendors
The aluminum extrusion 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
fo consolidations during the forecast period.
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The leading vendors in the market are
·
ALCOA
·
Constellium
·
Gulf Extrusion
·
Hindalco-Novelis
·
Hydro Aluminum
·
Sapa
Other prominent vendors in the
market include EGA, TALCO, Zahit, and Balexco.
Key questions answered in the report
include
·
What will the market size and the
growth rate be in 2019
·
What are the key factors driving the
aluminum extrusion market
·
What are the key market trends
impacting the growth of the aluminum extrusion market
·
What are the challenges to market
growth
·
Who are the key vendors in this
market space
·
What are the market opportunities
and threats faced by the vendors in the global aluminum extrusion market
·
Trending factors influencing the
market shares of the China, Other Asia, Europe, Latin America, and North
America
·
What are the key outcomes of the
five forces analysis of the global aluminum extrusion market
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