Aluminum Extrusion Market Trends, Research Report, Growth, Opportunities, Forecast 2022-2028
The global aluminum extrusion market is anticipated to grow significantly at a CAGR of 3.6% during the forecast period. As the automotive manufacturer has to maintain their impetus for improved fuel economy, and reduced emissions, aluminum extrusion make a significant contribution. Aluminum is a material choice for the automotive manufacturer due to its environmental benefits, according to a report, around 90% of vehicle's aluminum scaps are recovered, and recycled. Aluminum’s use in automobiles and commercial vehicles is speeding up as it provides a cost-effective way to raise performance and it also is recyclable so reducing environmental effect. Additionally, the aluminum extrusions reduce emissions and increase fuel economy while maintaining stability, and safety.
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The players are collaborating with emerging
companies in order to develop new technologies. For instance, in January 2021,
Oslo-based energy and aluminum producer Norsk Hydro ASA announced that the
company is working on the new technology of aluminum, with a startup company
named Nuvosil, the trial project can lead to a process that eases processing
costs considerably and energy consumption around 90%.
Market
Coverage
·
Market number available for – 2020-2027
·
Base year- 2020
·
Forecast period- 2021-2027
·
Segment Covered- By Product and By Application
·
Regions Covered- North America, Europe,
Asia-Pacific, Rest of the World
·
Competitive Landscape- Hindalco Industries Ltd.,
Arconic Corp., Norsk Hydro ASA, Constellium, Qatar Aluminium Extrusion Co.
(QALEX), Balexco Bahrain Aluminium Extrusion Co.
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?
Global
Aluminum Extrusion Market – Segmentation
By
Product
·
Shapes
·
Rods & Bars
·
Pipes & Tubes
By
Application
·
Building & Construction
·
Automotive & Transportation
·
Consumer Goods
·
Machinery and equipment
·
Others
A full report of Aluminum Extrusion Market is
available at: https://www.omrglobal.com/industry-reports/aluminum-extrusion-market
Aluminum Extrusion Market– Segment by Region
North America
·
United States
·
Canada
Europe
·
Germany
·
United Kingdom
·
France
·
Spain
·
Italy
·
Rest of Europe
Asia-Pacific
·
China
·
Japan
·
India
·
Rest of
Asia-Pacific
Rest of the World
·
Middle East &
Africa
·
Latin America
Company Profiles
·
Alcoa Corp.
·
Arconic Corp.
·
Bahrain Aluminium
Extrusion Co. (BALEXCO) B.S.C
·
Bonnell Aluminum,
Inc.
·
Century Aluminum
Co.
·
China Hongqiao
Group, Ltd.
·
China Zhongwang
Holdings, Ltd.
·
Constellium
·
Extruded Aluminum
Corp. Co.
·
Global Aluminium
Pvt., Ltd.
·
Guangdong Fenglu
Aluminium Co., Ltd.
·
Hindalco
Industries, Ltd.
·
Kaiser Aluminum
Corp.
·
Mid-States Aluminum
Corp.
·
Norsk Hydro ASA
·
Qatar Aluminium
Extrusion Co.
·
RusAL
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