Aluminum Extrusion Market Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027

                                                                           
Aluminum extrusion is the process of forming an aluminium alloy billet by forcing it through a die.

                  Aluminum Extrusion Market


Aluminum extrusion is the process of forming an aluminium alloy billet by forcing it through a die. A ram pushes the aluminium product through the die shape during the extrusion process, and it comes out with the same shape as the die. Multi-void hollows, complex and customised designs are some of the shapes for aluminium extruded products. Aluminum extrusions are widely used in the building and construction industries, as well as the automotive and transportation and electrical industries. The surface area of the aluminium is adequately protected by a transparent oxide layer.

With it's superior physical properties, aluminium extrusion products are replacing steel products. Aluminum extruded products are being used to make lightweight products in a variety of industries, including automotive and construction. Significant factors such as recyclable property, lightweight, and improved conductivity are expected to drive the growth of the aluminium extrusion market in the coming years. The non-uniform structure of the extruded material, on the other hand, is expected to limit market growth.

Due to the overall growth of the construction industry and the push toward green building adoption in developing economies such as Japan, China, and India, the Asia Pacific region accounts for a sizable portion of the aluminium extrusion market. Europe is also a significant region in the aluminium extrusion market, owing to the region's large automotive industry base and the increasing industrial use of extruded aluminium.The mill finished product type dominates the aluminium extrusion market, while the 6000 series alloy dominates the alloy type segment. The building and construction segment is leading the end-use segment, buoyed by rising construction activity globally.

Increasing per capita expenditure and changing consumer lifestyles are expected to aid in the growth of the aluminium extrusion market during the forecast period. According to the International Organization of Motor Vehicle Manufacturers, India produced 4.48 million cars and commercial vehicles in 2016 and 5.17 million in 2018. However, aluminium price volatility is expected to stifle growth in the aluminium extrusion market over the forecast period, owing to fluctuations in raw material prices affecting the margins of aluminium extrusion manufacturers and the cost at which consumers or end-users obtain finished product.

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