Global Aluminum Extrusion Market
The global Aluminum Extrusion Market will expand at a rate of 7.8% over the next seven years. The expansion in the automotive industry and the extensive usage of extruded aluminum in the production of windows and doors will compel market growth.
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Aluminum Extrusion Market Dynamics
The augmenting application of aluminum extrusion across several end-use industry verticals such as automotive, transport, electronics, and building & construction is the major reason responsible for the growth of the global aluminum extrusion market. Also, the increasing prominence of aluminum as the fastest flourishing automotive material has raised the demand for electronic vehicles. Thus, the demand for vehicles that need extrusion products which include, roof rails, engine blocks, car chassis, and transmission housing, has strengthened the market growth. For example, the IEA stated that over 10 million automotive were sold by 2020. The registration of automotive raised by 41% in 202, in spite of the pandemic situation where the international car supply reduced by 16% throughout the nation. Moreover, the increasing establishment of the building and construction industry has complemented the market growth. For example, as per the IBEF, the government of India, in march 2021, upgraded its policy to raise the involvement in the infrastructure industry, leading to the public-private partnership model. Thus, India has programmed to disburse US$ 1.4 trillion on infrastructure projects via the National Infrastructure Pipeline from 2019 to 2023 to ensure a viable development in the country.
However, the growing agitation towards the asymmetrical structure of the extrusion may obstruct the market growth. Also, the slow extrusion process has raised the amount of overall force required for the extrusion procedure.
End-User Segment Drivers
Based on the End-User, the building and construction segment is likely to boom at a significant rate over the coming years. This is because of the accelerating urban population and infrastructural projects where aluminum extrusion is used in curtain walling, roofing, and exterior cladding in buildings & construction. Moreover, the elevated strength and reduced weight make it more appropriate for large buildings. This is likely to complement the market growth.
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COVID-19 Impact Analysis on Aluminum Extrusion Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2019-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Aluminum Extrusion Market include Hindalco Industries Ltd., China Zhongwang, Aluminium Products Company, Norsk Hydro ASA, Gulf Extrusion Co.
LLC., QALEX, Arconic Corp., Bahrain Aluminium Extrusion Co., and Constellium N.V..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Aluminum Extrusion Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/aluminum-extrusion-market/download-sampleMarket SegmentationThe broad Aluminum Extrusion Market has been sub-grouped into the Product, Application and Region.
