Global Aluminum Extrusion Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 3.81 % through 2020 to 2027, reaching US$ XX Mn.
Global Aluminum Extrusion Market
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Global Aluminum Extrusion Market Overview:
The global aluminum extrusion market size was valued at USD XX Bn in 2019 & is estimated to grow at a CAGR of 3.8% from 2019 to 2027. The market is projected to recover from the COVID-19 outbreak in a surprised manner with robust demand from the building & construction industry post COVID crisis. The profits of extruded aluminum products, like low cost, lightweight, & recyclability, make them suitable for usage in the construction of infrastructure & buildings. Therefore, fast urbanization, especially in the developing economies of Asia Pacific, is expected to be a vital factor in supporting industry development. The impact of the corona virus outbreak on the demand for extruded aluminum in China is estimated to be severe in the short term, followed by a robust recovery in 2021. A strong recover in the economic activity of China, after the relaxation of economic & social controls since April 2020, is likely to relax the impact of the pandemic for the remainder of 2020.
Aluminum extruded shapes ruled the market & accounted for a revenue share of 80.2% in 2019. Growing demand for extruded shapes from the building & construction, automotive, & consumer goods segments is a major factor powering the segment growth. The normally used shapes are angles, channels, & tubing. Common applications of these products in buildings contain windows, sliding doors, & railings. Aluminum extruded rods & bars have found usages in electrical transmission lines. Aluminum has 61 percent of the conductivity of copper while having only 30 percent of the copper weight, making it economical solution. The global electricity demand recorded a CAGR of 3.4 percent from 2000 to 2018. Increasing electricity demand, especially from developing economies, is likely to stimulate the demand for extruded rods & bars during the forecast period.
Aluminum extruded pipes & tubes are projected to expand at the fastest CAGR of 5.5percent, from 2029 to 2027, in terms of revenue. The increasing demand for aluminum pipes from heat exchangers owing to their high thermal conductivity is projected to be a significant factor for their development. Furthermore, development in the construction industry is likely to boost the demand for tubes.
The building & construction application segment ruled the market & accounted for a revenue share of 60.7 percent in 2019. Post the COVID-19 crisis, the construction industry in Europe & North America is likely to be motivated by the renovation of existing building & infrastructure plans, while the construction industry in the Asia Pacific, & the Middle East & Africa is projected to be driven by new construction plans due to the growing population & increasing urbanization; this is estimated to benefit the segment development.
The automotive & transportation application segment is likely to take a key hit due to the COVID-19 pandemic. Global automotive production is likely to decline by at least 20 percent in the year 2020 due to supply chain disruptions & decreased demand. However, acceleration in the production & usage of electric & lightweight vehicles are likely to boost the product demand during the forecast period.
Global Aluminum Extrusion Market Competitive Landscape:
Global Aluminum Extrusion Market1
The objective of the report is to present a comprehensive analysis of the Global Aluminum Extrusion Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Aluminum Extrusion Market dynamics, structure by analyzing the market segments and project the Global Aluminum Extrusion Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Aluminum Extrusion Market make the report investor’s guide.
Scope of Global Aluminum Extrusion Market:Inquire before buying
Global Aluminum Extrusion Market, By Product
• Shapes
• Rods & Bars
• Pipes & Tubes
Global Aluminum Extrusion Market, By Application
• Building & Construction
• Automotive & Transportation
• Consumer Goods
• Electrical & Energy
• Others
Global Aluminum Extrusion Market, by Region
• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Global Aluminum Extrusion Market Key Players
• Jindal Aluminium Limited
• Norsk Hydro ASA
• Century Aluminum
• Arconic
• Global Aluminium Pvt. Ltd.
• TALCO
• QALEX
• Novelis
• Constellium
• China Zhomgwang Holdings Limited
• Guang Ya Aluminium
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