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Aluminum-Extruded Products Market Segmentation, Main Players, Size, SWOT Analysis 2023 To 2032
Aluminum-Extruded Products Market Analysis
The Business Research Company's Aluminum-Extruded Products Global Market Report 2023 identifies Growth and expansion of the automobile industry as the major driver for the Aluminum-Extruded Products market's growth in the forecast period. The automobile industry refers to the wide range of businesses and organizations engaged in the design and development of motor vehicles such as trucks, cars, farm machinery, and other vehicles. The automotive aluminum extruder is employed to build the radiator and bracket, oil pipe, instrument panel bracket frame, door anti-collision beam, energy absorption box, bumper anti-collision beam, and combination frame structure for the car's body.
The global aluminum-extruded products market size is expected to grow from $40.52 billion in 2022 to $43.25 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aluminum-extruded products market is expected to grow to $54.98 billion in 2027 at a CAGR of 6.2%.
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Major competitors in the Aluminum-Extruded Products market are RUSAL, Aluminum Corporation of China Limited, Rio Tinto Group, Norsk Hydro ASA, Aluminium Bahrain B.S.C., Kaiser Aluminum Corporation, Sapa Inc., China Zhongwang Holdings Limited, Hindalco Industries Limited
A key trend in the Aluminum-Extruded Products market includes Technological advancement. Major players in the aluminum-extruded products sector are focusing on technological advancements, such as utilizing block chain to sustain their market position. For instance, in February 2021, Rio Tinto, a UK-based company engaged in metals and mining, launched the first block chain-technology-based sustainability label for aluminum, START. START assists clients in satisfying consumer demand for information about where and how products are manufactured. It enables consumers to distinguish between end products based on environmental, social, and governance credentials. It gives them the power to make informed decisions about the items they purchase and contribute to a sustainable future.
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The Aluminum-Extruded Products market is segmented -
1) By Product Type: Mill Finished, Powder Coated, Anodized
2) By Alloy Type: 1000 Series Aluminum, 2000 Series Aluminum Alloy, 3000 Series Aluminum Alloy, 5000 Series Aluminum Alloy, 6000 Series Aluminum Alloy, 7000 Series Aluminum Alloy
3) By End Use Industry: Construction, Automotive, Electric and Electronics, Machinery and Equipment, Mass Transport, Other End Use Industry (energy, telecom, and consumer durables).
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Aluminum-Extruded Products market.
The Business Research Company's "Global Aluminum-Extruded Products Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Aluminum-Extruded Products Market Include:
1. Executive Summary
2. Aluminum-Extruded Products Market Characteristics
3. Aluminum-Extruded Products Market Trends And Strategies
4. Aluminum-Extruded Products Market - Macro Economic Scenario
5. Aluminum-Extruded Products Market Size And Growth
……
27. Aluminum-Extruded Products Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aluminum-Extruded Products Market
29. Aluminum-Extruded Products Market Future Outlook and Potential Analysis
30. Appendix
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