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Global Aluminum-Extruded Products Market to witness steady growth at CAGR of 6.7% during the forecast by 2026

Global Aluminum-Extruded Products Market

Definition:

Aluminum extrusion is a technique used to transform aluminum alloy into objects with a definitive cross-sectional profile for a wide range of uses. The extrusion process makes the most of aluminum’s unique combination of physical characteristics. Its malleability allows it to be easily machined and cast, and yet aluminum is one third the density and stiffness of steel so the resulting products offer strength and stability, particularly when alloyed with other metals.

 

Analysis of Global Aluminum-Extruded Products Market report:

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.

 

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Market Drivers:

  • Technological advancements in the aluminum industry; this factor will drive the market in the forecast period
  • Growing demand of aluminum-extruded products from the end-use industries will also drive the market in near future
  • Increasing demand for recycled and value-added aluminum products; this factor will also propel the market
  • Recyclable and corrosion-resistant nature of aluminum extrusion products will also drive the market in future

 

Market Restraints:

  • Low awareness about aluminum-extruded products; this factor will hamper the market to grow in near future
  • Increased use of magnesium alloy over aluminum alloys, will act as a restraint for the market growth
  • Requirement of high initial capital investments will also restrain the market in near future

 

Leading Key players profiled in this report are:

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. Ltd.) and others.

 

Global Aluminum-Extruded Products Market Segmentation:

By Product Type

  • Mill-Finished
  • Anodized
  • Powder-Coated

By Alloy Type

  • 1000 Series Aluminum Alloys
  • 2000 Series Aluminum Alloys
  • 3000 Series Aluminum Alloys
  • 5000 Series Aluminum Alloys
  • 6000 Series Aluminum Alloys
  • 7000 Series Aluminum Alloys

By End-User

  • Transportation & Logistics
  • Construction
  • Automotive
  • Electrical & Electronics
  • Others

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific

 

Competitive Analysis:

Global aluminum-extruded products market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aluminum-extruded products for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

 

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The Global Aluminum-Extruded Products Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Aluminum-Extruded Products Market. The industry changing factors for the market segments are explored in this report.  This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

 

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