Aluminum-Extruded Products Market is predicted to grow at approximately 6% by 2023

Aluminum-Extruded Products Market
Global Aluminum-Extruded Products Market Information Report By Product Type (Powder-Coated, Anodized, Mill-Finished), By End-Use (Construction, Automotive, Electric, Others) And By Region – Global Forecast To 2023

The growth of the Aluminum-Extruded Products Market is driven by the increasing use of the Aluminum Extruded Products by various end use industries such as construction, automotive and aerospace among others. The increasing use of lightweight materials by these end-use industries is also leading to the increased adoption of Aluminum Extruded Products. The market is also expected to be driven by factors such as rise in industrialization and the increasing concern for emission of greenhouse gases. However, the growth of this market is expected to be restrained by the huge capital investment required as the initial investment for setting up the manufacturing of the aluminum extruded products.

The market has been analyzed based on the product type, end-use and regions. Amongst all product types, the mill finished products are expected to grow the highest. The mill finished   Aluminum-Extruded Products are mostly preferred in the automotive, construction, machinery & equipment industrial manufacturing sites. They are preferred not only because of their high strength and cost effectiveness but also because they perform well in extreme temperatures.

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Based on end-users, the automotive sector is expected to grow rapidly with the boom in the automotive industry and the increase in the use of Aluminum Extruded products by the automotive manufacturers. The increasing concern of the automobile users for greenhouse gas emissions is also contributing to the growth of the market.  The growth of automotive sector in the Aluminum Extruded Products is also expected to be due to factors such as increasing emphasis on the lightweight cars and the introduction of various government initiatives for encouragement of foreign direct investments.

Market Highlights:
Aluminum is promoted by the governments of various countries owing to the rise in the level of pollution. Aluminum is widely used in the automobile industry as the light weight of Aluminum helps in increasing the fuel-efficiency of the vehicles. Various policies, such as green car incentive policy in Japan is undertaken to promote eco-friendly vehicles, which would help in the reduction of greenhouse gas emissions. These policies along with various government initiatives, is driving the growth of the market. However, the growth of the market is expected to be hampered by the high cost required for the manufacturing of the Aluminum Extruded Products.      

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Market Research Analysis:
The Asia-Pacific region is expected to grow the highest in the Aluminum-Extruded Products Market owing to the availability of low cost labor in the region. The rapid advancements in the industrial sector of the region is leading to an increased use of Aluminum Extruded Products across various industries such as aerospace, mass transportation, automotive and construction among others. The large scope of FDI in the emerging economies of the region such as India and China, is also contributing to the growth of the Aluminum Extruded Products in the region.

Scope of the Report:
This study provides an overview of the Global Aluminum-Extruded Products Market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global ALUMINUM-Extruded Products Market by its product type, end-use and region.

By Product Type

  • Powder-coated
  • Anodized
  • Mill-finished
  • By End-Use
  • Construction
  • Automotive
  • Electric
  • Others

 

By Region

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

 

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