The Global Aluminum Extrusion Market to grow from USD 66,085.16 Million in 2019 to USD 84,830.61 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 4.24%.
Market Segmentation & Coverage:
The research report categorizes the Aluminum Extrusion Market to forecast the revenues and analyze the trends in each of the following segments:
"The Powder Coated is projected to witness the highest growth during the forecast period"
Based on Type, the Aluminum Extrusion Market studied across Anodized, Mill-finished, and Powder Coated. The Anodized commanded the largest size in the Aluminum Extrusion Market in 2019, followed by the Mill-finished. On the other hand, the Powder Coated expected to grow at the fastest CAGR during the forecast period, followed by the Anodized.
"The Automotive is projected to witness the highest growth during the forecast period"
Based on End-User, the Aluminum Extrusion Market studied across Aerospace, Automotive, Building & Construction, and Machinery & Equipment. The Building & Construction commanded the largest size in the Aluminum Extrusion Market in 2019, followed by the Machinery & Equipment. On the other hand, the Automotive expected to grow at the fastest CAGR during the forecast period, followed by the Machinery & Equipment.
"The Asia-Pacific is projected to witness the highest growth during the forecast period"
Based on Geography, the Aluminum Extrusion Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded the largest size in the Aluminum Extrusion Market in 2019, followed by the Europe, Middle East & Africa. On the other hand, the Asia-Pacific expected to grow at the fastest CAGR during the forecast period, followed by the Europe, Middle East & Africa.
The factors attributing to the growth of the market are growing demand for lightweight and high-performance materials, applications in manufacturing consumer and industrial goods, and growing use in construction and energy industry due to associated functional benefits. However, some factors such as non-uniform product structure performance may hinder the market growth. The Aluminum Extrusion Market expected to showcase the opportunities such as growing demand of pre-engineered building by all the industries and potential demand from emerging economies for the infrastructure development. Soon market may face the possible challenges in the growth due to high initial capital investments owing to plant and machinery costs. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Aluminum Extrusion Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Aluminum Extrusion Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Aluminum Extrusion Market, including Alcoa Corporation, Aluminium Products Company (ALUPCO), Balexco Bahrain Aluminium Extrusion Company, Ball Corporation, China Zhongwang Holdings Limited, Constellium SE, Guangdong Fenglu Aluminium Co. Ltd., Hindalco Industries Limited, Norsk Hydro ASA, and Tajik Aluminum Company.