Aluminum extrusion is a process by which aluminum alloy is forced through die with a specific cross-sectional profile. Extrusion is a process used to produce fixed cross-sectional profile in bulk quantities. Extrusion enables formation of workpiece with highly complex cross-sections with good surface finish. Aluminum extruded profiles or products are light in weight and they can withstand extreme conditions such as heat, vibrations, abrasion, and humidity. Moreover, aluminum extruded profiles or products are found in three shapes, such as hollow, semi-hollow, and solid. Therefore, aluminum extruded profiles are widely used in automotive and transport, building and construction, and electrical industries.
Competitive Landscape:
Major players active in the global extruded aluminum profiles market are Constellium, Schüco International KG, Arconic Corporation, Sainty Aluminium, Hindalco Industries Ltd., Centaury Aluminum Corporation, Bonnell Aluminum, Extal Ltd., Norsk Hydro ASA, China Hongqiao Group Limited, and China Zhongwang Holdings Ltd., among others.
Key Market Drivers:
Increasing demand for Extruded Aluminum profiles across the globe is expected to augment the growth of the extruded aluminum profiles market over the forecast period. For instance, in May 2021, Benkam Alu Extrusions launched a multi-year expansion project to double its aluminum extrusion production capabilities, with an annual production output of 100,000 tons of extruded aluminum products by 2025.
Moreover, increasing use of extruded aluminum profiles in the automotive sector and growing trend of electric vehicles (EVs) across the globe is expected to boost the growth of the extruded aluminum profiles market. For instance, according to the International Energy Agency (IEA), electric vehicles (EVs) will account for around 7% of the road vehicle fleet by 2030, which is around 25 million vehicles in 2030.
COVID-19 Impact Analysis:
Outbreak of COVID-19 (pandemic) has had a negative impact on the growth of the extruded aluminum profiles market, due to increasing number of preventive measures such as lockdown and cease in economic activities, which in turn has severely impacted various end-use sectors, such as automotive and transport, building and construction, and electrical industries. This has led to a decrease in the demand for extruded aluminum profiles.
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Key Takeaways:
- The extruded aluminum profiles market is expected to exhibit a CAGR of % during the forecast period due to the rise in adoption of aluminum extruded profiles/products from various end-use industries. For instance, in December 2021, Vedanta Aluminium Business launched High-Speed Billets, which find end-usage in automotive, building & construction, electrical, solar/renewable energy, and many other key industries.
- Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the extruded aluminum profiles market owing to the increasing use of aluminum, increase in demand for lightweight and durable extruded products, and rapid growth of the automotive and construction industry in these regions. For instance, according to the India Brand Equity Foundation (IBEF), India is expected to become the third largest construction market in the world by 2025. Moreover, India, China, and the U.S. are expected to account for almost 60 per cent of all global growth in the sector by 2025.
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Aluminum extrusions are known to have good sustainability, durability, flexibility and strength, due to which they are widely used in sectors like consumer durables, machinery, electrical, transportation, construction and others.
The extrusion process helps in making most of the physical characteristics of aluminium, giving products with good malleability that can be easily cast and machined.Global aluminum-extruded products market is expected to rise, registering a substantial CAGR of 6.7% in the forecast period of 2019-2026.
The rise in the market value can be attributed to the technological advancements in the aluminum industry and growing demand from end-use industries.
Get Sample PDF (including COVID19 Impact Analysis) of Market Report @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-aluminum-extruded-products-market Market Drivers and Restraints:Technological advancements in the aluminum industry; this factor will drive the market in the forecast periodGrowing demand of aluminum-extruded products from the end-use industries will also drive the market in near futureIncreasing demand for recycled and value-added aluminum products; this factor will also propel the marketRecyclable and corrosion-resistant nature of aluminum extrusion products will also drive the market in futureLow awareness about aluminum-extruded products; this factor will hamper the market to grow in near futureIncreased use of magnesium alloy over aluminum alloys, will act as a restraint for the market growthRequirement of high initial capital investments will also restrain the market in near futureThe major players covered in the Aluminum-Extruded Products Market Few of the major competitors currently working in the aluminum-extruded products market are RUSAL, Alcoa Corporation, Aluminum Corporation of China Limited, RIO Tinto PLC, BHP, Norsk Hydro ASA, Century Aluminum Company, China Hongqiao Group Limited, Aluminum Bahrain, Hindalco Industries Limited (a subsidiary of Aditya Birla Management Corporation Pvt.
MAJOR TOC OF THE REPORT Chapter One: Aluminum-Extruded Products Market Overview Chapter Two: Manufacturers Profiles Chapter Three: Global aluminum-extruded products Competition, by Players Chapter Four: Global aluminum-extruded products Size by Regions Chapter Five: North America aluminum-extruded products Revenue by Countries Chapter Six: Europe aluminum-extruded products Revenue by Countries Chapter Seven: Asia-Pacific aluminum-extruded products Revenue by Countries Chapter Eight: South America Aluminum-Extruded Products Market Revenue by Countries Get Detail TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=global-aluminum-extruded-products-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global aluminum-extruded productsAnalysis of market effect factors and their impact on the forecast and outlook of the aluminum-extruded products MarketThe detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the aluminum-extruded products MarketA roadmap of growth opportunities available in the global aluminum-extruded products Market with the identification of key factorsThe exhaustive analysis of various trends of the global aluminum-extruded products Market to help identify market developments Key Questions Answered in Report:What is the key to the aluminum-extruded products Market ?What will the aluminum-extruded products Demand and what will be Growth?What are the latest opportunities for aluminum-extruded products in the future?What are the strengths of the key players?Access Full Report @https://www.databridgemarketresearch.com/reports/global-aluminum-extruded-products-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the marketContact:Data Bridge Market ResearchTel: +1-888-387-2818Email: [email protected] Related Reports@Matting Agents MarketMedicinal Chemistry for Drug Discovery MarketMelamine Formaldehyde Market
American Rubber Corp (ARC) is a leader in providing rubber extrusion products like strips, channels, tubing, hoses, gaskets, and seals for various industries and applications.We offer a wide range of custom rubber extruded profiles and gaskets such as U channels, D Seals, P Seals, Lip Seals, Tubing, Solid and Hollow Cords, Autoclave Seals, Windows & Door Seals, Bulb Seals as well as a variety of complex and challenging extruded profiles.
Our products are ubiquitous in aerospace, Oil & Gas, Renewable Energy, Constructions, Chemicals, Food and Dairy, and Transportation Industry to just name a few.Read more: Rubber Products Extrusion Process in The USA
Aluminum extrusion is a manufacturing process to achieve cross-sectional profiles which often offers more corrosion resistance and comes with high strength and light-weighting properties.
The global Aluminium Extruded Products Market are expecting to gain benefit from market tailwinds and achieve 6.5% CAGR during the forecast period to reach a valuation of USD 68.5 billion.
Market Research Future (MRFR) in their analysis reveals various possibilities that the market can explore for further growth.The construction industry is one important segment that can inspire the growth of the global aluminum extruded product market.
Its various application spaces such as skylights, rain screens, windows & doors, sunrooms, water collection systems, and others are going to help in the expansion of the market.
The segment is gaining precedence due to product features such as high strength and cost-effectiveness of the mill-finished product.
It has 42% of the global market dominance (as of 2017) and was valued at USD 17,010 million.
