North American Aluminum Extrusion Market Trends, Research Report, Growth, Opportunities, Forecast 2021-2027
The North American aluminum extrusion
market is anticipated to grow significantly CAGR of 3.5% during the forecast
period (2021-2027). The market is growing due to the improved fuel economy,
enhance performance, due to these characteristics, aluminum extrusion is used
in autos, buses, trucks, trailers, or rail. Each pound of aluminum that
substitutes two pounds of steel or iron in a car can save 3.1 gallons of crude
oil, and 20 pounds of CO2 emissions. According to Aluminum Extruders Council
(AEC), the 2006 automotive aluminum model vehicles was saved 14.5 billion
gallons of gasoline or approximately 350 million barrels of crude oil. It is
estimated that the US commercial vehicle fuel standards announced in 2011 will
cut crude oil consumption by above 500 million barrels, and ease greenhouse gas
emissions by above 300 million tons per year. Additionally, aluminum extrusions
provide automotive manufacturers a corrosion-free material with the design
suppleness to combine various functions in one part and enhance the
application.
A full report of North American Aluminum
Extrusion Market is available at: https://www.omrglobal.com/industry-reports/north-american-aluminum-extrusion-market
For instance, in January 2021, Nissan,
SUV is the company’s first model across the globe which is built by using a
closed-loop recycling system for aluminum parts. The system supports reduce CO2
emissions as compared with using parts made with primary alloys from raw
materials. It also encourages the usage of materials that don’t rely on newly
mined resources.
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Market
Coverage
·
Market number available for – 2020-2027
·
Base year- 2020
·
Forecast period- 2021-2027
·
Segment Covered- By Product and By Application
·
Country Covered- The US Competitive Landscape-
Bonnell AluminumInc., Custom Aluminum Products, Inc., Samuel, Son & Co., Astro
Shapes, LLC, Crystal Finishing Systems Inc, Taber Extrusions, Universal Molding
Extrusion Company.
Key
questions addressed by the report
·
What is the market growth rate?
·
Which segment/region dominates the market in
base year?
·
Which segment/region will project fastest growth
in the market?
·
How COVID-19 impacted the market?
o
Recovery Timeline
o
Deviation from pre-COVID-19 forecast
o
Most affected region/segment
·
Who is the leader in the market?
·
How players are addressing challenges to sustain
growth?
·
Where is the investment opportunity?
North
American Aluminum Extrusion Market – Segmentation
By
Product
·
Shapes
·
Rods & Bars
·
Pipes & Tubes
By
Application
·
Building & Construction
·
Automotive & Transportation
·
Consumer Goods
·
Machinery and equipment
·
Others
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data, request for report customization @ https://www.omrglobal.com/report-customization/north-american-aluminum-extrusion-market
Company Profiles
·
Aluminum Extruded
Shapes
·
Aluminum Shapes,
LLC
·
Astro Shapes, LLC
·
Benada Aluminum
Products, LLC.
·
Bonnell Aluminum,
Inc.
·
Can Art Aluminum
Extrusion L.P.
·
Crystal Finishing
Systems Inc
·
Custom Aluminum
Products, Inc.
·
General Extrusions
Inc.
·
Gupta Permold Corp.
·
Jordan Aluminum
Company LLC
·
Kaiser Aluminum
Corp.
·
Matech Industry
ltd.
·
Mid-States
Aluminium Corp.
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