Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Aluminum extrusion is a basic technique used to transform the aluminum alloy to form the object with definitive cross sectional profile for wide range of uses. The demand for the market is due to its cost effectiveness, resistance to corrosion, high strength to weight ratio, varieties of sizes and shape, thermal adaptability, electrical and thermal conductivity. Also, the aluminum extrusion offer an essential application for the manufacturer to transform or upgrade assembly lines quickly and affordably. The market is expected to accelerating demand in upcoming years owing to increasing population and rising industrialization.
The market is driven by growth in demand from end-use industries. The growing population globally has led the demand of construction activities for residential building, and housing. The market is witnessing growing demand from the construction industry due to its advantage, cost, design and recyclability make it highly acceptable for the end use industries use. Besides, technological advancements in the aluminum industry for high production with advanced features and properties of products has led the demand for aluminum extrusion market. This key features is expected to fuel the demand of the aluminum extrusion market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the aluminum extrusion market. In addition, complete analysis of changes on the aluminum extrusion market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The aluminum extrusion market is segmented based on product type, product finishing, alloy type, end use industry and geography.
The aluminum extrusion is available in market according to product type including shapes, rods & bars, pipes & tubes. The shape products is expected to lead in the market owing to its easy production process and excellent malleability. Also, these aluminum extrusion shape have excellent corrosion resistance. Furthermore, these shape are enhanced by anodizing and finishing processes.
The aluminum extrusion is accessible in market by various product finishing like mill finished, anodized, powder coated. The mill finished is anticipated to dominate in the global aluminum extrusion market. The growth is attributed to its features like shiny in appearance. In addition, its high durability and cost effectiveness drive the growth of segment. In addition, it finds extensive application in the automotive and construction industries.
The aluminum extrusion market is present in different alloy type including 1000 series aluminum alloy, 2000 series aluminum alloy, 3000 series aluminum alloy, 5000 series aluminum alloy, 6000 series aluminum alloy, 7000 series aluminum alloy. 1000 series aluminum alloy is widely used owing to composition like excellent corrosion resistance, high thermal and electrical conductivity, low mechanical properties and excellent workability. This key feature of the segment is likely to contribute the growth of aluminum extrusion market.
The aluminum extrusion market has major end use in different industry like building and construction, transportation, machinery and equipment, consumer durables, electrical, solar. The building and construction accounted for the largest market in the global aluminum extrusion market. The increasing investment in the construction of housing and residential building had the led demand for aluminum extrusion as it provides range of configurations and aesthetic options, combined with structural properties, durability and minimal maintenance making it ideal option for in construction applications. Whereas, Automotive & transportation sector is expected to account the significant growth during the forecast period. In automotive application, aluminum extrusion have wide use in cross rails, fuel distribution pipes, radiator beams and engine mount. The market of this segment will boost growth of global aluminum extrusion market.
Geographically aluminum extrusion market is studied for the following region North America, Europe, Asia Pacific and RoW. Asia Pacific is expected to dominate in the global aluminum extrusion market owing to growing demand for manufacturing in construction industry. Besides presence of key countries like China, India, and Japan has boosted the growth of the market. China is further projected to be the leading country for the industrial growth of construction activities. Whereas North America is anticipated to witness the growth at the highest pace during the forecast period. Also, the government initiatives for development of economy has fuel the demand of the market.
The key players in aluminum extrusion market are Galco Group, Banco Aluminium Ltd, Norsk Hydro Asa, Arconic, Constellium, Gulf Extrusions, Barrak Al-Fares, Capital Aluminium Extrusions Limited, Hindalco-Novelis, Aluminium Products Company and Extruded Aluminum Corporation Co. among others.
The report analyses the global aluminum extrusion market based on product type, product design, end user, application and geography. The aluminum extrusion is available in market according to product type including shapes, rods & bars, pipes & tubes. The aluminum extrusion is accessible in market by various product finishing like mill finished, anodized, powder coated. The aluminum extrusion market is present in different alloy type including 1000 series aluminum alloy, 2000 series aluminum alloy, 3000 series aluminum alloy, 5000 series aluminum alloy, 6000 series aluminum alloy, 7000 series aluminum alloy. The aluminum extrusion market has major end use in different industry like building and construction, transportation, machinery and equipment, consumer durables, electrical, solar. Geographically microcatheters market is studied for the following region North America, Europe, Asia Pacific and RoW.
The key players in aluminum extrusion market are Galco Group, Banco Aluminium Ltd, Norsk Hydro Asa, Arconic, Constellium, Gulf Extrusions, Barrak Al-Fares, Capital Aluminium Extrusions Limited, Hindalco-Novelis, Aluminium Products Company and Extruded Aluminum Corporation Co. among others.
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