Press release
Aluminum-Extruded Products Market | CAGR of 6% Estimated during 2018-2023 | Top Key Players Profiles and Application Forecast
Market HighlightsAluminum is promoted by the governments of various countries owing to the rise in the level of pollution. Aluminum is widely used in the automobile industry as the light weight of aluminum helps in increasing the fuel-efficiency of the vehicles. Various policies, such as green car incentive policy in Japan is undertaken to promote eco-friendly vehicles, which would help in the reduction of greenhouse gas emissions. These policies along with various government initiatives, is driving the growth of the market. However, the growth of the market is expected to be hampered by the high cost required for the manufacturing of the aluminum extruded products.
The growth of the aluminum-extruded products market is driven by the increasing use of the aluminum extruded products by various end use industries such as construction, automotive and aerospace among others. The increasing use of lightweight materials by these end-use industries is also leading to the increased adoption of aluminum extruded products. The market is also expected to be driven by factors such as rise in industrialization and the increasing concern for emission of greenhouse gases. However, the growth of this market is expected to be restrained by the huge capital investment required as the initial investment for setting up the manufacturing of the aluminum extruded products.
The market has been analyzed based on the product type, end-use and regions. Amongst all product types, the mill finished products are expected to grow the highest. The mill finished aluminum-extruded products are mostly preferred in the automotive, construction, machinery & equipment industrial manufacturing sites. They are preferred not only because of their high strength and cost effectiveness but also because they perform well in extreme temperatures.
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Key Players
The key players of aluminum-extruded products market are Alcoa Inc. (U.S.), Aluminum Bahrain B.S.C. (Bahrain), Aluminum Corporation of China Limited (China), Bhp Billiton Ltd. (Australia), Century Aluminum Company (U.S.), China Hongquiao Group Limited (China), Hindalco Industries Limited (India), Norsk Hydro ASA (Norway), Rio Tinto PLC (U.K.) and United Company RUSAL (Russia).
Market Research Analysis
The Asia-Pacific region is expected to grow the highest in the aluminum-extruded products market owing to the availability of low cost labor in the region. The rapid advancements in the industrial sector of the region is leading to an increased use of aluminum extruded products across various industries such as aerospace, mass transportation, automotive and construction among others. The large scope of FDI in the emerging economies of the region such as India and China, is also contributing to the growth of the aluminum extruded products in the region.
Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Aluminum-Extruded Products Market, By Product Type
4.1 Introduction
4.2 Powder-Coated
4.3 Anodized
4.4 Mill-Finished
5 Global Aluminum-Extruded Products Market, By End-Use
Continue……..
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