Research Nester published a report titled “Aluminum Extruded Products Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global aluminum extruded products market in terms of market segmentation by product type, end-user, alloy type, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global aluminum extruded products marketis estimated to garner a CAGR of ~4% over the forecast period, i.e., 2022 – 2031. The market is segmented by end-user into transportation & logistics, building & construction, automotive, electrical & electronics, and consumer durables. Out of these, the building & construction segment is estimated to grow significantly during the forecast period, on the back of rising urbanization, demand for houses, commercial areas, and public areas is increasing.
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The global aluminum extruded products market is expected to grow during the forecast period on the back of the rising construction sector. Additionally, aluminum extruded products are used in making air conditioning, solar panels, and defense products. On account of the various uses of aluminum extruded products, the global aluminum extruded products market is expected to grow significantly over the forecast period. Also, governments across the globe are paying attention on reducing carbon emissions, and harnessing solar energy by making solar panels. On the back of the rising demand for such panels, the global aluminum extruded products market is expected to grow over the forecast period.
Regionally, the global aluminum extruded products market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness significant growth over the forecast period, owing to rapid industrialization in the region. Furthermore, the global aluminum extruded products market is expected to thrive in the North America region on the back of flexible government guidelines.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Rising Construction Sector to Boost the Growth of the Global Aluminum Extruded Products Market
The global aluminum extruded products market is expected to grow significantly over the forecast period, on the back of the rising construction sector. It is estimated that the construction industry would reach up to USD 15 trillion by 2030. Furthermore, governments are focusing on developing the infrastructure and allotting humongous budgets for construction and infrastructural development. On the back of this, the global aluminum extruded products market is estimated to grow over the forecast period.
However, lack of awareness is expected to operate as a key restraint to the growth of the global aluminum extruded products market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global aluminum extruded products market which includes company profiling of Norsk Hydro ASA, China Zhongwang Holdings Limted, Arconic Corporation., Constellium (NYSE), Century Extrusions Limited., Bonnell Aluminum, Gulf Extrusions Co. LLC., Talco Aluminium Company, Kaiser Aluminum Corporation, and Qatar Aluminum Extrusion Company. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global aluminum extruded products market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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