Aluminum frames are fabricated with high-performance metal and offer improved thermal performance. These frames can be thermally broken, which further increases their energy efficiency. Moreover, thermal break technology comes in two crucial formats: reinforced polyamide bar and a resin-filled channel. Both these formats create insulated barrier within the window frame, which slows down heat, noise, and cold up to 1000 times. These factors are expected to increase demand for aluminum window profiles over the forecast period.
Global Aluminum Window Profile Market was valued at US$ 750.00 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.01% during the forecast period (2022 to 2030).
Drivers
Secondary aluminium's rising popularity will promote growth
An important portion of the world's usage of aluminum is secondary or recycled aluminum. Because of its cost-effectiveness, scrap from machinery, automobiles, equipment, and beverage cans is recycled and reused. Reprocessing used metal or scrap uses a small portion of the energy needed to make brand-new metal from ore, minimizing the harm to the environment.
Additionally, initiatives including the creation of car dismantling, shredder, and environmental safety centers are anticipated to promote market expansion. The widespread use of the material in the transportation sector is also predicted to boost aluminum consumption.
The residential application segment accounted for a significantly large share of the global market due to the growing construction projects.
Global Aluminum Window Profile Market - Impact of Coronavirus (Covid-19) Pandemic:
The pandemic has drastically affected the fiscal growth criteria of the Aluminum Window Profile market. The COVID-19 pandemic has left huge losses for well-established companies and industry stakeholders all across the globe. Although the market has shown positive signs of growth for all the major regions. The market report offers numerous insights and strategies for product managers and other key participants in the Aluminum Window Profile industry.
Figure 1. Global Aluminum Window Profile Market Value Share (%), By Region, 2021
Market Restraints
Decarbonization is a challenge for the worldwide aluminum industry
Decarbonization is one of the main obstacles the world's aluminum sector must overcome. The majority of businesses in the aluminum sector are under intense pressure to green their operations. They can only accomplish this if they employ moderate steel, which is also of poor quality.
The report by its graphical representation and vaticinations of crucial data pointers helps in assaying the market eventuality by evolving on various factors that will contribute to the consumption growth of products. This Aluminum Window Profile study highlights that there's a paradigm shift in the market regarding indigenous competitive advantages and the competitive terrain of comparatively larger companies. The Aluminum Window Profile report also focuses on furnishing multitudinous vaticinations and pointers which help boost the industry performance and make better opinions.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 750.00 Million |
| Historical Data for: | 2017-2020 | Estimated Year: | 2022 |
| Forecast Period 2022 to 2030 CAGR: | 5.01% | Forecast Period: | 2022-2030 |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Apogee Enterprises Inc., Fletcher Building, Ply Gem Holdings Inc., YKK AP Inc., LIXIL Group Corporation, Xingfa Aluminium, Sapa Group, PGT Inc., Wacang, and Fenan Group. |
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| Restraints & Challenges: |
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Market Trends
The Global aluminum window profile market study delves deeply into current and emerging Global aluminum window profile market trends and dynamics. Estimates for key market categories in the Global aluminum window profile market provide an in-depth overview of the market. Within the market framework, extensive market research is conducted by tracking key product positioning and monitoring top competitors. The study also includes a comprehensive Global aluminum window profile market opportunity analysis for each country.
Figure 2. Global Aluminum Window Profile Market value Share (%), By Application, 2021
Recent Developments
Dec 2020 As the Indian market recovers from the coronavirus outbreak, Hindalco Industries Limited has reenergized a million-dollar strategy to produce additional aluminum goods with value added. By setting up a 34,000-ton extruded aluminum project in Silvassa's west Indian city, the company will launch its ongoing downward investing strategy. Production is anticipated to begin in two years.
Competitive Section
Major players operating in the global aluminum window profile market include Apogee Enterprises Inc., Fletcher Building, Ply Gem Holdings Inc., YKK AP Inc., LIXIL Group Corporation, Xingfa Aluminium, Sapa Group, PGT Inc., Wacang, and Fenan Group
Windows are the integral part of any infrastructure such as houses, schools, or hospitals. The frame of the window is constructed using different materials such as aluminum, vinyl, wood, or other materials. Aluminum windows offers benefits such as durability, reduced heat effect, lightweight nature, smoother opening and closing of windows, noise control, and moisture resistance. These features are expected to drive growth of the aluminum window profile market. Key players in the market are adopting different business strategies such as mergers and acquisitions to expand their global footprint.
Market Dynamics
Among applications, residential segment is expected to account for major share in the aluminum window profile market. Increasing preference for energy-efficient windows and slim aluminum profiles for aesthetic appeal are key factors aiding growth of the residential segment in the global aluminum window profile market.Asia Pacific accounted for 47.9% market share in 2021 due to increasing construction activities in emerging economies such as China and India. Moreover, increasing disposable income and government initiatives & investment in infrastructure activities are expected to drive growth of construction sector, which in turn will escalate the demand for aluminum window profile market in Asia Pacific.
Key features of the study:
Detailed Segmentation:
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