Future Market Insights
Aluminium Extrusions Market: Introduction
Aluminium extrusions are extensively used in automotive, aircraft, toys, home & office furniture, etc. Due to its lightweight (1/3rd compared to copper), corrosion free, good electricity & heat conductivity they are increasingly used in industrial applications. Aluminium pipe market has both organized & un-organized market players. Market is highly dominated by converters, distributors & suppliers. The recent trend in global construction & automotive industry shows that the aluminium extrusions are replacing steel products. This trend is highly contributed to aluminium extrusions lightweight, corrosion free and recyclability. Yearly approx. 60% of the aluminium extrusions are recycled in construction industry alone. The aluminium extrusions replacing steel products is highly visible in construction industry. Overall the global aluminium extrusions market is expected to grow at a lucrative compound annual growth rate (CAGR) over forecast period.
Aluminium Extrusions: Market Dynamics
Aluminium extrusions are used in production of piston tubes, silencers, furniture, doors, panels, windows frames, ladders, and bridges in near term. Aluminium extrusions are also used in power transmission & distribution systems. Aluminium extrusions won’t emit any hazardous gases & chemicals when exposed to light, heat or any other contaminations. Due to their high flexibility & tensile strength they can be given any shape. In recent years due to its low cost of production & raw material prices, aluminium extrusions are gaining popularity in different end use sectors, the trend is highly visible in automotive sector. Country wise, Peoples Republic of China, followed by Russia, Canada, UAE and India represent highest production of aluminium extrusions. Demand from high-end automotive, aircraft and construction sectors for lightweight and high durable solutions is driving the growth of aluminium extrusions market. People’s Republic of China produced approx. 23,300 tons of aluminium in 2014. The mega construction projects started by China in last six to seven years period is demanding increased supply of aluminium extrusions. Russia, UAE and India export large percent of their aluminium productions. Aluminium extrusions are 100% recyclable compared to other substitutes. The distinctive features make aluminium extrusions highly preferred by consumers: highly corrosion resistant, dissipates heat rapidly and evenly, only one-third the weight of copper, very strong yet lightweight, easy to fabricate, conducts equivalent loads of electric power with one-half as much material weight as copper.
Aluminium Extrusions: Market Segmentation
The global aluminium extrusions market is segmented on the basis of product type and end-use. On the basis of product type, the global aluminium extrusions market is segmented into silencers, aluminium window profile bars, bridge & building aluminium pipes or bars, industrial heat exchanger bars, furniture aluminium bars, industrial pipes and others. On the basis of end use, the global aluminium extrusions market is segmented into automotive & mechanical parts, aerospace, building & construction, pharmaceuticals, chemicals & fertilizers & others. Building & construction and automotive sectors to dominate the overall aluminium extrusions market, this is due to their lightweight, high corrosion resistance, high ductile and tensile properties, low cost manufacturing.
Aluminium Extrusions Market: Regional outlook
Aluminium extrusions market has been segmented on the basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. Aluminium extrusions market in Asia Pacific is expected to dominate the overall global market, where China & India play a vital role in driving the region’s growth. MEA and Japan together expected to stand at second position by market dominance, which is driven by United Arab Emirates, Saudi Arabia, Qatar, South Africa aluminium Extrusions market.
Aluminium Extrusions Market: Key players
Some of the players in the global Aluminium Extrusions market are Sapa Extrusion, China Zhongwang Holdings Limited, Arconic, Constellium, Hindalco-Novelis, Gulf Extrusions Co. (LLC), TALCO, Zahit, Balexco, Qatar Aluminium Extrusion Company, Bonnell Aluminium, Jindal Aluminium Limited, Banco Aluminium Ltd., Champak Industries, weseralu GmbH & Co. KG, AMCO Metall-Service GmbH, Teseo Deutschland GmbH, O'neal Steel, Zhongwang Aluminium Europe GmbH, Novelis Deutschland GmbH Ohler, Schierle Stahlrohre GmbH & CO. KG and others
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