Our latest research report entitled Aluminum Extrusion Market (by type (mill-finished, anodized, and powder coated), end-user (automotive, machinery & equipment, aerospace, building & construction)) provides complete and deep insights into the market dynamics and growth of Aluminum Extrusion. The latest information on market risks, industry chain structure Aluminum Extrusion cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Aluminum Extrusion growth factors.
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Growing Building & Construction Industry is Majorly Driving the Growth
Steel has been increasingly replaced by aluminum due to its better physical properties such as strength and lightweight. Aluminum extrusion products have found applications in various fields including construction and automobile. These products are easy and cheap to manufacture, which makes them favorable to the adoption on a larger scale. The aluminum extrusion market is highly competitive and fragmented in nature. Several local, as well as multinational players in the market, are competing with each other for their share of the market. The leading market players including Aluminium Products Company (ALUPCO), Alcoa Corporation, Hindalco Industries Limited, and others are focusing on vertically integrating by mergers and acquisitions of suppliers and distributors.
The rapidly growing building & construction industry is majorly driving the growth of the aluminum extrusion market. The growing urbanization and rise in population have increased demand for new houses and real estate in emerging economies. Moreover, the increasing replacement of steel in automobiles and the transport industry is anticipated to boost the growth of the aluminum extrusion market. Aluminum comes with better physical properties as compared to steel. Aluminum is strong as well as light in weight which makes is a better option for manufacturing automobiles.
Asia-Pacific Held the Highest Market Share
In terms of geography, Asia-Pacific held the highest market share, dominating the global aluminum extrusion market. The dominance of the Asia-Pacific market attributed to the increasing construction activities and automotive production and shift toward the adoption of green buildings in emerging economies. The European aluminum extrusion market held the second largest market share, globally.
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Report on Global Aluminum Extrusion Market Covers Segments such as Type and End-User
On the basis of type, the sub-markets include mill-finished, anodized, and powder coated. On the basis of end-user, the sub-markets include automotive, machinery & equipment, aerospace, building & construction, and other end-users.
The report provides profiles of the companies in the market such as Aluminium Products Company (ALUPCO), Bahrain Aluminium Extrusion Co, Alcoa Corporation, Tajik Aluminum Company, BHP Billiton Ltd., Hindalco Industries Limited, Guangdong Fenglu Aluminium Co. Ltd., Constellium SE, Norsk Hydro ASA, China Zhongwang Holdings Limited, and Other Companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-aluminum-extrusion-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Aluminum Extrusion.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.