Aluminum Extrusion Market To Grow At A CAGR Of 7% By 2019: Radiant Insights, Inc.

RadiantInsights.com includes new market research report on “Global Aluminum Extrusion Market Size, Share And Trends Report Up To 2019: Radiant Insights To 2020” to its huge collection of research reports.

Outlook of the aluminum extrusion market

Aluminum extrusions are used for their strength, flexibility, durability and sustainability in various sectors such as construction, transportation, electrical, machinery and consumer durables. They are 100% recyclable and emits no significant hazardous gasses during processing. The increased usage in green initiatives is driving the growth of the aluminum extrusion market. Technavios market research analyst estimates the global aluminum extrusion market to witness a tremendous growth at a rate of around 7% during the forecast period.

The growth of the automobile industry is anticipated to drive the growth of this market during the forecast period. Aluminum extrusion is replacing steel in automobiles and transport. It is preferred over other metals due to its light weight leading to reduced fuel consumption and reduced greenhouse gas emission. Moreover, aluminum is easily recyclable and resistant to corrosion, thus ensuring sustainability and durability of the vehicle.

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Product segmentation and analysis of the global aluminum extrusion market

• Mill finished
• Anodized
• Powder coated

The mill finished segment accounted for 58% of the market share during 2014 and is expected to reach around 13 million metric tons by the end of 2019. Mill finished products are mainly used in applications that do not demand additional corrosive resistivity.

Segmentation by end user and analysis of the global aluminum extrusion market

• Building and construction
• Transportation
• Machinery and equipment
• Consumer durables
• Electrical

Building and construction segment is the largest market for aluminum extrusion. The growth of this segment is anticipated to be at a rate of 7% during the forecast period. Around 65% of the aluminum content in construction is estimated to be recycled annually. Its usage in building and construction is expected to increase during the forecast period, especially in doors, windows, panels, windows frames, ladders, and bridges.

Geographical segmentation and analysis of the global aluminum extrusion market:

• China
• Other Asia
• Europe
• North America
• Latin America

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China accounted for around 62% of the global market share during 2014 and is expected to grow at a rate of 7% during the forecast period. The increase in industrial consumption of extruded aluminum is driving the market in China.

Competitive landscape and key vendors

The aluminum extrusion market is highly fragmented due to the presence of many suppliers. The market was dominated by the leading six vendors. However, with the increasing number of new suppliers the market share for these top vendors is dropping and is being shared by new players. The market is anticipated to witness an increased number of consolidations during the forecast period.

The leading vendors in the market are:

• ALCOA
• Constellium
• Gulf Extrusion
• Hindalco-Novelis
• Hydro Aluminum
• Sapa

Other prominent vendors in the market include EGA, TALCO, Zahit, and Balexco.

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About Radiant Insights

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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