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Aluminum Extrusion Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Dec 2020 | 22 Views
 
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Aluminum Extrusion Market Analysis 2020-2027:

Aluminum extrusion is a procedure used to transform aluminum alloy into objects. During the extrusion process, aluminum is forced through a die with a specific cross-sectional profile, which shapes the material accordingly. It exhibits significant malleability, which makes it suitable for easy machining and casting. Aluminum extrusion offers high strength and stability, particularly when alloyed with other metals. These extrusions do not emit hazardous gases during their processing. Benefits of aluminum extrusion, such as low price, structural designs, and 100% recyclability, make it suitable for use in construction of buildings & infrastructure.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD Million) and Volume (Ton)

  Segments covered

  Type, End-use Industry, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa

  Companies covered

Jindal Aluminium Limited, Arconic, Century Aluminum, Global Aluminium Pvt. Ltd., Novelis, Constellium, Norsk Hydro ASA, TALCO, QALEX, Aluminium Products Company, Al-Taiseer Aluminium Factory, Balexco, Hulamin Extrusions, Tajik Aluminum Company, YKK Corporation of America, ZahitAluminum, ALCOA Inc., Constellium, Gulf Extrusions, Hindalco-Novelis, and Hydro Aluminum

 

COVID-19 impact analysis

  • The global market for aluminum extrusion is severely impacted by the outbreak of the COVID-19 pandemic. Countries in Asia-Pacific have been taking measures to mitigate the spread of the virus. These mitigation measures have contributed to the slowing of economic activities and livelihoods of employees.
  • Outbreak of COVID-19 has drastically impact all industries across the globe. The semiconductor & electronics industry is among the severely hit industries, owing to its dependence on the China and other Asian markets. 
  • Automotive, construction, and machinery & equipment industries have been negatively impacted, which led to decrease in demand for aluminum extrusion.
  • China is expected to be one of the major markets for automotive.  Owing to outbreak of COVID-19, China’s automotive market is facing a sharp fall, with obvious impacts for manufacturers of tires, hoses, belts, and other auto parts. Thus, auto dealers were unable to deliver vehicles during the lockdown.
  • Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The growth of the transportation industry is supported by increase in demand for aircraft, as aluminum extrusion is used in manufacturing jet or aircraft engines. In addition, rise in demand for new aircraft is likely to drive the need for new jet engines. The use of aluminum extrusion is widening in agricultural equipment, construction equipment, mining equipment, and other heavy-duty machinery, which augments the market growth.

Aluminum extrusion is increasingly replacing steel in automobiles. It is preferred over other metals, such as steel and brass, owing to its properties such as lightness of weight and low fuel consumption. Therefore, aluminum is widely used in the automobile industry.

Rapid growth in the building & construction industry is one of the major factors boosting the aluminum extrusion market. Moreover, growing application of aluminum extrusions in building-integrated photovoltaic (BIPVs) for renewable energy generation is expected to drive the growth of the aluminum extrusion market. Furthermore, surge in demand for infrastructure development, residential, and nonresidential projects and rise in manufacturing of power generation & distribution equipment and air conditioning units are boosting the market growth.

However, high prices of aluminum extrusion machinery and high investments in technological advancements in aluminum extrusion are likely to hamper market growth. Furthermore, availability of cheaper substitutes is hindering the market growth.

Surge in usage in aluminum extrusion and industrial applications

The global aluminum extrusion market, by region, is segmented into North America, Europe, Asia-Pacific, and LAMEA. Among all the regions, Asia-Pacific garnered the largest share in the market in terms of values and volumes, owing to the growth in building & construction industry; expansion of various industries such as automotive, heavy machinery, equipment manufacturing; and shift toward adoption of green buildings in the emerging economies such as Japan, China, and India.

North America is witnessing significant growth, followed by Europe and Asia-Pacific. Surge in demands for lightweight vehicles and aircraft globally is increasing the demand for aluminum extrusion. Sports vehicle is among the most lucrative segments in the lightweight vehicle sector with better fuel efficiency.

Desirable physical properties of aluminum such as lightweight, structural strength, water resistivity, and eco-friendliness have made the usage of aluminum extrusion as a prominent material in building & construction.

Key segments covered

Segment

Subsegment

  Type

  • Mill finished
  • Powder coated
  • Anodized

  End use industry

  • Building & construction
  • Automotive & transportation
  • Consumer goods
  • Electrical & energy
  • Machinery and Equipment
  • Others

 

Key benefits of the report

  • This study presents the analytical depiction of the global aluminum extrusion along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global aluminum extrusion market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global aluminum extrusion research report:

  • Which are the leading players active in the global aluminum extrusion market?
  • What are the upcoming trends in the global aluminum extrusion market?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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