India Aluminum Extrusion Market Fortune Foresight Anticipating Success with Future Market Size Trends

According to a report by Allied Market Research, the India aluminum extrusion market saw revenues of $1.3 billion in 2019 and is anticipated to reach $2.5 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 8.3% from 2020 to 2027. This report provides a comprehensive analysis of shifting market trends, key segments, top winning strategies, the value chain, major investment opportunities, and the competitive landscape.

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The growth of the India aluminum extrusion market is primarily driven by the increasing demand for lightweight products in construction projects and the material's high corrosion resistance and durability. However, the market growth faces constraints due to the initial high costs involved. Nonetheless, the rise in demand for customized extrusions presents new avenues for growth in the foreseeable future.

The COVID-19 pandemic significantly impacted the aluminum extrusion industry in India. Manufacturing activities were halted due to government-imposed lockdowns, leading to disruptions in the supply chain and workforce shortages. Cross-border import and export restrictions further prolonged lead times for raw material replenishment, affecting upstream processes adversely. Despite reduced demand during the pandemic, the increasing adoption of intelligent mining and digital transformation is expected to gradually boost demand.

The report segments the India aluminum extrusion market by product type and end-user. In terms of product type, the mill-finished segment dominated the market in 2019, contributing to nearly three-fifths of the total market share and is projected to maintain its leadership position in revenue throughout the forecast period. However, the anodized segment is expected to exhibit the highest CAGR of 9.5% from 2020 to 2027.

By end-user, the building and construction sector held the largest market share in 2019, accounting for over three-fifths of the India aluminum extrusion market and is anticipated to retain its leading position during the forecast period. Conversely, the industrial segment is expected to witness the highest CAGR of 11.7% from 2020 to 2027.

Key players in the India aluminum extrusion market, as identified in the research, include Arkema S.A., Celanese Corporation, BASF SE, Covestro AG, Solvay SA, and Sabic.

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