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Aluminum-Extruded Products Market Size Worth USD 68.5 Billion by 2025 at 6.5% CAGR | Growing Construction, Automotive Industries Propelling Aluminum-Extruded Products Industry

Aluminum Extruded Products Market Report Insights and Industry Analysis by Product Type (Mill-Finished, Anodized, and Powder-Coated), Alloy Type (6000 Series Aluminum Alloys, 7000 Series Aluminum Alloys), End-Use (Construction, Automotive), and Region, Competitive Market Size, Share, Trends, and Forecast, 2018- 2025

Pune, India, April 18, 2019 (GLOBE NEWSWIRE) -- Global Aluminum-Extruded Products Market is expected to exhibit a robust 6.5% CAGR over the forecast period from 2018 to 2025 to reach an overall valuation of USD 68.5 billion.

Boom in Construction to Induce Demand from the Aluminum-Extruded Products Market

The global Aluminum-Extruded Products Market is mainly driven by the growing demand for aluminum extruded products in the construction industry. The automotive industry is also likely to play a key role in the growth of the global market over the forecast period, as aluminum is accounting for an increasingly voluble share in the global automotive industry’s production endeavors.

Growing Construction Industry Drives Aluminum-Extruded Products Market

The growing construction industry in Asia Pacific and other developing regions such as the Middle East is likely to be a major driver for the global market over the forecast period. The construction industry uses aluminum extruded products on a large scale due to the easy malleability of aluminum, which lends itself to widespread use in the construction industry. Aluminum offers the construction industry a compromise with the structural strength of steel added to the light weight comparable to plastics. This has made aluminum extruded products widely popular in the construction industry, which is likely to remain a major end user in the global market over the forecast period. Growing construction efforts in developed as well as developing countries are likely to be a major driver for the global Aluminum-Extruded Products Market over the forecast period.

Competitive Analysis:

Leading players in the global Aluminum-Extruded Products Market include Hydro Extruded Solutions, Arconic, Constellium, QALEX, Gulf Extrusions Co. LLC, TALCO, Bonnell Aluminum, Century Extrusions Limited, Hindalco Industries Limited, and China Zhongwang Holdings Limited.  

Industry Updates:

In September 2018, Hydro Extruded Solutions expanded its manufacturing capacity by building a 96,000-square-foot facility adjacent to its existing plant in Cressona, US.

In September 2018, Hindalco invested USD 559.3 million to set up India’s largest aluminum extrusion and recycling plant in Gujarat.

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Segmentation:

The global Aluminum-Extruded Products Market is segmented on the basis of product type, alloy type, end use, and region.

By product type, the global market is segmented into mill-finished, anodized, and powder-coated. The mill-finished segment is expected to hold on to the largest share of almost 40% over the forecast period, rising at the highest CAGR of 5.5% over the forecast period.

By alloy type, the 6000 series aluminum alloys segment dominates the 7000 series and was valued at more than USD 17 billion in 2017.

By end use, construction accounts for the largest share, followed by automotive, transportation and logistics, electrical and electronics, and others. Construction is likely to remain the most profitable end use for the global market over the forecast period, with the segment expected to exhibit a 6.63% CAGR over the forecast period.

Increasing Roadbuilding Activities Drive Demand from Aluminum-Extruded Products Market

The increasing focus on highway construction in emerging regions such as China and India is likely to be a major driver for the global Aluminum-Extruded Products Market over the forecast period, as aluminum is widely used in the manufacturing of road signs and other roadside infrastructure such as traffic lights, railings, and light poles. Highway construction has taken on an important role in emerging regions such as China and India, due to the economic benefits provided by the roadbuilding activity. This is likely to be a major driver for the global market over the forecast period, as roadbuilding efforts are likely to continue over the forecast period, especially in rapidly developing regions such as Southeast Asia.

Browse the market data and information spread across 201 pages with data tables and figures of the report Aluminum-Extruded Products Market Report - Forecast 2018-2025” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/aluminum-extruded-products-market-3034

Growing Automotive Industry to Drive Aluminum-Extruded Products Market

The growing automotive industry is also likely to play a key role in the growth of the global market over the forecast period. The global automotive industry has taken on new importance for the global market in recent years due to the increasing use of aluminum in electric and electric hybrid vehicles in order to reduce the overall weight of the cars. Keeping the cars light is the surest way of increasing the mileage of electric cars, leading to numerous carmakers employing aluminum to make the most of its dual benefits and keep the overall weight of the car low. This is likely to be a major driver for the global aluminum extruded products over the forecast period, as several governments are likely to extend their support to the production of electric vehicles in the coming years, giving strong impetus to the global Aluminum-Extruded Products Market.

Regional Analysis:

Asia Pacific accounts for the largest share in the global market and is likely to remain the most dominant regional market over the forecast period due to the rapid growth of the construction industry in the region. Asia Pacific accounted for 63% of the global Aluminum-Extruded Products Market in 2017 and is likely to retain similar dominance over the forecast period. The growing construction industry in growing Southeast Asian economies such as China, India, Indonesia, Taiwan, South Korea, Australia, and Malaysia is likely to be a major driver for the Aluminum-Extruded Products Market in Asia Pacific over the forecast period.

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