Rapid increase in infrastructure activities and usage of aluminium-extruded products in construction & building sector to drive the demand for Europe & CIS Aluminium-Extruded Products Market through 2026.
According to TechSci Research report, “Europe & CIS Aluminium-Extruded Products Market By Product Type (Mill-Finished, Anodized and Powder-Coated), By End-Use Industry (Building & Construction, Automotive & Transportation, Electrical & Electronics, Consumer Durables and Others), By Alloy Type (1000 Series, 2000 Series, 3000 Series, 5000 Series, 6000 Series and 7000 Series), By Product Shape (Composite Product Shapes, Rods & Bars and Pipes & Tubes), By Country, Forecast & Opportunities, 2016-2026” Europe & CIS Aluminium-Extruded Products Market stood at USD14649.24 million in 2020 and is projected to grow at a CAGR of 6.53% to reach USD21885.05 million by 2026. Aluminium Extruded products perform efficiently under extreme conditions like humidity, heat and therefore, find application in numerous end use industries such as electronics, automotive, mass transit, bridge decking, telecommunications, and solar/renewable energy industries among others.
Browse 92 market data Figures spread through 168 Pages and an in-depth TOC on " Europe & CIS Aluminium-Extruded Products Market”
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Based on End-Use Industry the market is segmented into Building & Construction, Automotive & Transportation, Electrical & Electronics, Consumer Durables and Others. Building & Construction is the leading End-Use Industry in the Aluminium-Extruded Products Market with a share of 49.72% in 2020. This is due to their wide applications in window frames, panels, domed roofs and other wide-span infrastructure. Also, countries like Germany, France, United Kingdom, Italy, Spain, Netherlands and Kazakhstan have invested in major construction projects such as high-speed rail construction project, rising funds in defence sector, ports and airport construction, construction for oil-field development which is expected to increase the demand for aluminium-extruded products in the Europe & CIS region.
Based on Alloy Type the market is segmented into (1000 Series, 2000 Series, 3000 Series, 5000 Series, 6000 Series and 7000 Series). In 2020, 6000 series alloy segment dominated the market with a share of 35.99% and is expected to grow at a CAGR of 6.16% from 2021-2026. High resistance to corrosion, and versatility make it perfect for fabrication in ladders, pipelines & platforms, tubing in furniture products, etc. Usage in trucks, trailers, automotive, bus, rail components augmented the demand for 6000 series extruded aluminium products alloy in recent time. Moreover, excellent machinability and increased corrosion resistance make it a perfect material for valves, screw machine parts, marine fittings, marine hardware, oil & gas fitting, nuts, hinges and coupling components.
In the year 2020, to prevent the spread of COVID-19, the whole world was under the lockdown which impacted Europe & CIS Aluminium-Extruded Products Market. According to TechSci Research’s estimates, the market suffered a decline from previous year, and now it is at 6.31% in terms of value. This decline left a remarkable depreciation in the market, but the market is currently reviving and is set to overcome the descent in 2021-2022, owing to the shift in focus of all organizations towards aluminium-extruded products.
Based on country, Germany accounted for the largest share of 22.23% in the aluminium-extruded products market in 2020 owing to the well-established automobile and electrical & electronics industry in this country, which generates lucrative growth opportunities for the aluminium-extruded products market. Moreover, application of aluminium extruded products in aircrafts such as in fuselage, wing and supporting structure, is expected to propel the demand for aluminium-extruded products in the forecast period and the demand from marine industry for cargo ship and nuclear-power submarines are estimated to propel the demand for aluminium-extruded products in the coming years.
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Some of the major players operating in the Europe & CIS Aluminium-Extruded Products Market are United Company RUSAL, Rio Tinto Plc, Norsk Hydro ASA, Constellium SE, Impol, ETEM Group, BOAL Group, Aluminiumwerk Unna AG, Alusic SRL, Permtsvetmet, METRA SpA, among others. Companies operating in the market are using organic strategies such as product development through addition of new features, partnerships, mergers and collaborations to boost their share in Europe & CIS Aluminium-Extruded Products Market.
Extruded aluminium is used for busbars and electrical equipment as it is a good conductor of electricity with the added application in lighting. These factors contribute to the growth of the aluminium-extruded products market in Europe & CIS. Aluminium-extruded with fins makes an excellent radiator or heat exchanger which is easy to mount and color and does not weigh too much when mounted overhead and various automobiles manufacturers, are increasingly turning towards aluminium-extrusions to improve fuel economy, enhance performance and increase the load carrying capacity of their vehicleswhich is expected to drive the Europe & CIS Aluminium-Extruded Products Market in the coming years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Europe & CIS Aluminium-Extruded Products Market By Product Type (Mill-Finished, Anodized and Powder-Coated), By End-Use Industry (Building & Construction, Automotive & Transportation, Electrical & Electronics, Consumer Durables and Others), By Alloy Type (1000 Series, 2000 Series, 3000 Series, 5000 Series, 6000 Series and 7000 Series), By Product Shape (Composite Product Shapes, Rods & Bars and Pipes & Tubes), By Country, Forecast & Opportunities, 2016-2026” has evaluated the future growth potential of Europe & CIS Aluminium-Extruded Products Market and provides statistics information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Europe & CIS Aluminium-Extruded Products Market.
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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime analysts and consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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Aluminum extrusion is a manufacturing process to achieve cross-sectional profiles which often offers more corrosion resistance and comes with high strength and light-weighting properties.
The global Aluminium Extruded Products Market are expecting to gain benefit from market tailwinds and achieve 6.5% CAGR during the forecast period to reach a valuation of USD 68.5 billion.
Market Research Future (MRFR) in their analysis reveals various possibilities that the market can explore for further growth.The construction industry is one important segment that can inspire the growth of the global aluminum extruded product market.
Its various application spaces such as skylights, rain screens, windows & doors, sunrooms, water collection systems, and others are going to help in the expansion of the market.
The segment is gaining precedence due to product features such as high strength and cost-effectiveness of the mill-finished product.
It has 42% of the global market dominance (as of 2017) and was valued at USD 17,010 million.
Aluminum extrusions are known to have good sustainability, durability, flexibility and strength, due to which they are widely used in sectors like consumer durables, machinery, electrical, transportation, construction and others.
The extrusion process helps in making most of the physical characteristics of aluminium, giving products with good malleability that can be easily cast and machined.Global aluminum-extruded products market is expected to rise, registering a substantial CAGR of 6.7% in the forecast period of 2019-2026.
The rise in the market value can be attributed to the technological advancements in the aluminum industry and growing demand from end-use industries.
Get Sample PDF (including COVID19 Impact Analysis) of Market Report @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-aluminum-extruded-products-market Market Drivers and Restraints:Technological advancements in the aluminum industry; this factor will drive the market in the forecast periodGrowing demand of aluminum-extruded products from the end-use industries will also drive the market in near futureIncreasing demand for recycled and value-added aluminum products; this factor will also propel the marketRecyclable and corrosion-resistant nature of aluminum extrusion products will also drive the market in futureLow awareness about aluminum-extruded products; this factor will hamper the market to grow in near futureIncreased use of magnesium alloy over aluminum alloys, will act as a restraint for the market growthRequirement of high initial capital investments will also restrain the market in near futureThe major players covered in the Aluminum-Extruded Products Market Few of the major competitors currently working in the aluminum-extruded products market are RUSAL, Alcoa Corporation, Aluminum Corporation of China Limited, RIO Tinto PLC, BHP, Norsk Hydro ASA, Century Aluminum Company, China Hongqiao Group Limited, Aluminum Bahrain, Hindalco Industries Limited (a subsidiary of Aditya Birla Management Corporation Pvt.
MAJOR TOC OF THE REPORT Chapter One: Aluminum-Extruded Products Market Overview Chapter Two: Manufacturers Profiles Chapter Three: Global aluminum-extruded products Competition, by Players Chapter Four: Global aluminum-extruded products Size by Regions Chapter Five: North America aluminum-extruded products Revenue by Countries Chapter Six: Europe aluminum-extruded products Revenue by Countries Chapter Seven: Asia-Pacific aluminum-extruded products Revenue by Countries Chapter Eight: South America Aluminum-Extruded Products Market Revenue by Countries Get Detail TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=global-aluminum-extruded-products-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global aluminum-extruded productsAnalysis of market effect factors and their impact on the forecast and outlook of the aluminum-extruded products MarketThe detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the aluminum-extruded products MarketA roadmap of growth opportunities available in the global aluminum-extruded products Market with the identification of key factorsThe exhaustive analysis of various trends of the global aluminum-extruded products Market to help identify market developments Key Questions Answered in Report:What is the key to the aluminum-extruded products Market ?What will the aluminum-extruded products Demand and what will be Growth?What are the latest opportunities for aluminum-extruded products in the future?What are the strengths of the key players?Access Full Report @https://www.databridgemarketresearch.com/reports/global-aluminum-extruded-products-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
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