Published Date : Jun 20, 2016
ALBANY, NY, June 20, 2016: MarketResearchReports.biz has announced the inclusion of a new market research report, titled “Global Aluminum Extrusion Market 2016-2020,” to its vast repository of research studies. The report offers a detailed reports of the global aluminum extrusion market, including its product portfolio, key growth drivers, restraints, major geographical segments, and competitive landscape. The major opportunities and challenges have also been discussed in the scope of the research report. As per the study, the global market for aluminum extrusion is anticipated to register a 6.71% CAGR between 2016 and 2020.
The flourishing construction and automotive industries across the globe are expected to bolster the growth of the global aluminum extrusion market in the forecast period. Aluminum extrusion products are completely recyclable and they do not release hazardous gases in the process. As a result, the governments of numerous countries are encouraging the use of aluminum in diverse segments, considering the rising pollution levels. Aluminum is light in terms of weight and helps in increasing the fuel efficiency of the vehicles, which has forced several automotive manufacturers to make more use of aluminum instead of steel. The green car incentive policy in Japan offers incentives to consumers in order to promote the purchasing of eco-friendly vehicles and reduce greenhouse gas emissions.
The rising use of aluminum extrusion in the crash management systems and in building-integrated photovoltaics (BIVP) are some of the key trends that are projected to amplify the growth of the overall market in the coming years. In addition, the growing use of aluminum in building profile systems is anticipated to drive the market in the near future. However, fluctuating LME prices, power outages, and changing trading policies in China are estimated to curtail the growth of the global aluminum extrusion market throughout the forecast period.
By product, the global aluminum extrusion market has been categorized into anodized, mill-finished, and power-coated. In 2015, the mill-finished segment accounted for a 57% share in the overall aluminum extrusion market and is expected to remain in the leading position throughout the forecast period. Numerous end-users in the building and construction segment prefer mill-finished products over other value-added products owing to the former’s comparatively fewer premium properties.
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By geography, the global aluminum extrusion market has been divided into Europe, North America, Central and South America, China, and Rest of Asia. At present, China is the dominant region and is projected to hold a 59% share in the global aluminum extrusion market by the end of 2020. The rapid growth of this region can be attributed to the growing demand for aluminum from the industrial sector, due to increased production of power generation and distribution equipment, automobiles, air conditioning, and emission control equipment.
The global aluminum extrusion market is highly competitive in nature and is dominated by the prominent players operating in the market. These players are focusing on mergers and acquisitions to expand their product portfolio and strengthen the position in the market. As per the study, the competition is expected to increase in the next few years and the strong position of the prominent players will restrict the entry of new entrants in the global market. The leading players in the market include Constellium, Gulf Extrusions, Hindalco, Sapa, and Alcoa. Some of the other players mentioned in the research study are Tajik Aluminum (TALCO), Balexco, Zahit Aluminyum, Hulamin Extrusions, YKK Corporation of America, Al-Taiseer Aluminium Factory, and Aluminium Products (ALUPCO).
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