“Global Aluminum Extrusion Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global aluminum extrusion market. Extrusion is a process involving enforcing the molten polymer through a die to produce components of a fixed cross-sectional area, such as rods and tubes. The procedure applies massive pressure on the aluminum to acquire the required sections using directional deformation from an extrusion device. Extruded aluminum has a fine and smooth surface finish that can be buffed, painted, polished, or powder-coated, depending on the area of use. It offers umpteen benefits, such as low maintenance, corrosion resistance, and multiple recyclability without losing integrity. Aluminum extrusion is also characterized by exceptional thermal and electrical conductivity and ductility, which is why it is largely used to manufacture boats, subways, railway coaches, aircraft, cars, and trucks. When compared to conventional aluminum products, the extrudes are highly cost-efficient, lightweight, and have paramagnetic properties. As a result, aluminum extrusion is witnessing a significant surge in application across the transportation, electrical, automotive, and construction industries.
The global aluminum extrusion market is primarily accelerated by the rising demand for lightweight, corrosion-resistant, and durable products. This is further supported by the surging environmental awareness and increasing popularity of green construction across the globe. Additionally, governments of various nations are undertaking several initiatives to encourage the use of eco-friendly vehicles, which is bolstering the market growth. Moreover, the increasing product application in the automotive industry to fabricate umpteen aluminum-made parts in automobiles is providing a considerable boost to the market growth. In line with this, key market players are offering flexible and customized designs for extruded aluminum products to increase their consumer base, which is creating a positive outlook for the market. Besides this, the surging product application in the aerospace and defense industries, burgeoning investments in research and development (R&D) activities by key players, and the inflating consumer per capita income are positively contributing to the market growth.
Beginning with a global overview, the report explores the dynamics that have a strong influence on the aluminum extrusion market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenarios from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the aluminum extrusion market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each of these regions, the report studies the aluminum extrusion market in detail for the latest trends, outlooks,s, and opportunities.
The report analyses the competitive structure of the aluminum extrusion industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the aluminum extrusion industry along with the parameters of Porter’s Five Forces model. This model examines the degree of competition in the aluminum extrusion industry by analyzing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the aluminum extrusion industry. Furthermore, the value chain analysis of the aluminum extrusion industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
Key Segments and Highlights of the Global Aluminum Extrusion Market
The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the aluminum extrusion industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.
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