Aluminum Extrusion Market Growing at 7% CAGR to 2019 - Mill Finished Segment to Reach 13 Million Metric Tons
PUNE, India, December 2, 2015 /PRNewswire/ --
Global Aluminum Extrusion Market report says increased usage in green initiatives is driving great growth as aluminum extrusions are 100% recyclable and emit no significant hazardous gasses during processing.
Complete report on aluminum extrusion market spread across 84 pages and profiling 6 major companies is now available at http://www.rnrmarketresearch.com/global-aluminum-extrusion-market-2015-2019-market-report.html .
The growth of the automobile industry is anticipated to drive the growth of this market during the forecast period. Aluminum extrusion is replacing steel in automobiles and transport. It is preferred over other metals due to its light weight leading to reduced fuel consumption and reduced greenhouse gas emission. Moreover, aluminum is easily recyclable and resistant to corrosion, thus ensuring sustainability and durability of the vehicle.
Segmentation of aluminum extrusion market is done in this research based on Mill finished, Anodized and Powder coated. The mill finished segment accounted for 58% of the market share during 2014 and is expected to reach around 13 million metric tons by the end of 2019. Mill finished products are mainly used in applications that do not demand additional corrosive resistivity. By end user, the market is segmented into Building and construction, Transportation, Machinery and equipment, Consumer durables and Electrical. Building and construction segment is the largest market for aluminum extrusion. The growth of this segment is anticipated to be at a rate of 7% during the forecast period. Around 65% of the aluminum content in construction is estimated to be recycled annually. Its usage in building and construction is expected to increase during the forecast period, especially in doors, windows, panels, windows frames, ladders, and bridges.
Geographical segmentation of aluminum extrusion market is done into China, Other Asia, Europe, North America and Latin America. China accounted for around 62% of the global market share during 2014 and is expected to grow at a rate of 7% during the forecast period. The increase in industrial consumption of extruded aluminum is driving the market in China.
The aluminum extrusion market is highly fragmented due to the presence of many suppliers. The market was dominated by the leading six vendors including ALCOA, Constellium, Gulf Extrusion, Hindalco-Novelis, Hydro Aluminum and Sapa. However, with the increasing number of new suppliers the market share for these top vendors is dropping and is being shared by new players. The market is anticipated to witness an increased number of consolidations during the forecast period. Other prominent vendors in the market include EGA, TALCO, Zahit, and Balexco. Order a copy of this research at http://www.rnrmarketresearch.com/contacts/purchase?rname=439943 .
RnRMarketResearch.com has multiple other newly published and relevant research offerings for Aluminum market that might interest industry stakeholders and decision makers.
Aluminum Powders, Pastes, and Flakes Market 2015-2019: Spread across 60 pages, analysts in this research forecast the global aluminum powder, flakes, and paste market to grow at a CAGR of 4.8% over the period 2014-2019. Market segmentation is done by type, application and geography. The report talks about the various leading vendors of aluminum powder, flakes, and paste. It also highlights the vendor landscape and a corresponding detailed analysis of the top six vendors in the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market. Alcoa, AMG Alpoco, Ecka Granules, MEPCO, RUSAL, Toyal Group, Ampal, Bahrain Atomizer, Ekart, Silberline and Valimet are the companies mentioned in this report available at http://www.rnrmarketresearch.com/aluminum-powders-pastes-and-flakes-market-2015-2019-market-report.html .
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