Ltd. , (PEPL) with over 4 decades of experience, with focus on customer need and commitment to quality, perfection and innovation, has become one of the leading nationwide providers of aluminium, made from Hindalco / Nalco billets.
The global Aluminium Extrusion Market is expected to reach USD 91.67 billion, by 2027, according to Million Insights, registering CAGR of 3.8 % over the forecast period, from 2020 to 2027.
Increasing demand from the energy and electrical sector is a major factor driving the market growth.
In 2020, the market growth is expected to hamper due to the COVID-19 pandemic.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/global-aluminium-extrusion-market/request-sample Market Synopsis of Aluminium Extrusion Market: Extruded aluminium is majorly used for building high voltage transmission towers in the electrical industry due to its beneficial properties like weldability, high corrosion resistance, and lightweight.
The International Energy Agency (IEA) reported that the International Energy Agency (IEA), electricity production is expected to increase globally, especially in Middle East and Africa, and Asia Pacific.
Thus, increasing production of solar panels is projected to drive the growth of aluminum extrusion market.
Market OverviewThe Global Aluminium Extrusion Market is expected to grow at a high CAGR during the forecasting period (2020-2027).Aluminum extrusion is the process of changing the aluminum alloy into objects with a definitive cross-sectional profile for the production of aluminum’s unique combination of physical characteristics.
Aluminum is extruded into intricate and complex shapes with limitless design possibilities.
Moreover, aluminum has become one of the most preferred metal due to increased regulations and strong consumer demand.
Growing per capita GDP and changing lifestyles have created the demand for world-class infrastructure in the country.There is an increase in demand for aluminum extrusion for producing automobiles with light vehicle weight, additional safety, convenience, and entertainment content.
Among these segments, building & construction contributes to the highest market share owing to rapid urbanization and industrialization.
Aluminum extrusion helps in converting the sunlight to green power with strong and light-weight state-of-the-art frames and structures for solar energy.