Aluminium and Aluminium Downstream Projects, Aluminum Extrusion Profiles & Sections , Metal, Aluminum Products, Cans, Sheet, Extruded Products, Profiles, Doors, Windows, Aluminium Alloys, Tubes and Bars, Round Bars, Channels, Angles, Coils, Bars, Extruded Rods, Sheets, Foil
Aluminium-based projects are done by using various techniques. The main goal is to transform the alloy of aluminium (in most cases, bauxite) into extruded products used in other industries. The extruded products come in many shapes. The colour of the texture is adjusted during the extrusion process.
The demand for extruded products of aluminium is very high because of the longevity of these products, which is higher than other materials like steel, plastic, etc. In many businesses, aluminium’s extruded products are used because of their corrosion-resistant, lightweight, and heavy-duty properties.
Usage of Aluminium in Various Industries and Its Demand
As mentioned earlier, the construction and automobile industries are two of the industries that use aluminium-based products. The next two sectors that mostly used aluminium extruded products are Transportation and logistics, Electronic goods.
The aluminium-based products can be segmented into different parts, and if the alloy type is considered, there are six types of aluminium extruded products. These are – 1000 series aluminium alloys, 2000 series aluminium alloys, 3000 series aluminium alloys, 5000 series aluminium alloys, 6000 series aluminium alloys, and 7000 series aluminium alloys. Among all these variants, 6000 series aluminium alloys are on the top of the global market demand chain with a 42% market size as of 2017. The value of the market for this alloy is 17010 million USD.
Market Size of Aluminium Products Industry
The Asia- Pacific region has dominated the market in the last decade and held the largest share at the end of 2017, 63%. As estimated by the end of 2025, the industry will grow at a CAGR rate of 7%. In the second place, the European market held a 15 percent market share in 2017, and studies show that in 2025 the industry will grow at a CAGR rate of 5.5%.
Expected Growth in the Aluminium Extrusion Products Industry Based On Industrial Analysis
The aluminium industry is mostly based on the aluminium extrusion industry. This part of the industry has seen growth over the past decade as the demand increased exponentially in the transport and construction sectors.
Based on industry analysis, it can be said that 62 percent of the products gain from the extrusion of aluminium are being used in the building construction sector. Among the rest 38 percent, transport sector contributes 14 percent. It is predicted that by 2025 the industry will reach a total worth of 68.5 billion USD on a global scale at a CAGR of 6.5%.
Why Invest In The Aluminium Product Industry?
In the Asia-Pacific region, the demand for aluminium extruded products is about to increase more by 2025. The products are mostly used to make road signs, bridge boundaries, and bridges for pedestrians, and also in the making of several parts of vehicles. Bars, tubes, round bars, coils are used to make these structures. It is already an established sector, and it is expected that it will grow further by the end of 2025.
As the demand for vehicles run on vehicles increases with every passing year, the cells of these cars are now being made using aluminium, which is mostly used in the enclosing process of the battery. In the future, it is expected that the demand for aluminium extruded products will increase exponentially in the upcoming years. It is better to invest now to get benefitted in the future.
Aluminium extruded products are also being used to make products used in making windows and doors and the channels used in them. The use of aluminium products in this part is limited, but it is expected to grow in the future. More market research is needed in this case, but it is guaranteed that it is a highly beneficial area to invest in.
The aluminium extruded products market is projected for growth at a 6.5% CAGR rate in the period of 2019-2025, and by the end of 2025, it will reach a worth of 68.5 billion USD. The mill finished segments are in the highest demand, and the other areas of this industry are mentioned in the article. Invest in this industry now and get benefits shortly.
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