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ALUMINUM EXTRUSION MARKET ANALYSIS AluminumExtrusion Market, By Product Type (Shapes, Rods & Bars, and Pipes & Tubes), by Product Finishing (Mill Finish, Powder Coated, and Anodized), by End-use Industry (Automotive, Machinery & Equipment, Building & Construction, Electrical & Energy, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Market Dynamics:- Demand for aluminum is rapidly increasing in end-use industries such as automotive, building & construction, and electrical & electronics, owing to superior performance offered by aluminum over steel, and other metals. Furthermore, aluminum extrusion offers advantages such as light weight, recyclability, and corrosion resistant are expected to drive demand for aluminum extrusion in various end-industries. These factors are expected to drive growth of the aluminum extrusion market over the forecast period.
Market Outlook:- Among product type, mill finished segment is expected to account for over 50.0% market share in the global aluminum extrusion market over the forecast period. This is attributed to growth in end-use industries in emerging economies such as India, Thailand, and China. For instance, vehicle production in Thailand and India is increasing at a faster pace coupled with increasing consumption of aluminum extrusion per motor vehicle, leading to growth of the aluminum extrusion market in Asia Pacific.
Key Players:- Major players operating in the global aluminum extrusion market include Hindalco Industries, Jindal Aluminum Limited, China Zhongwang Holdings Limited, Constellium N.V., Hydro Extrusions, Arconic Inc., Gulf Extrusions Co. (LLC), TALCO Aluminium Company, Bahrain Aluminium Extrusion Co. (Balexco), Zahit Aluminium and Qatar Aluminium Extrusion Company, and others
Market Taxonomy:- • On the basis of product type, the global aluminum extrusion market is segmented into: • On the basis of product finishing, the global aluminum extrusion market is segmented into • On the basis of region, the global aluminum extrusion market is segmented into:
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