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Aluminum extrusion is a technique used for transforming alloys of aluminum into different objects with a definite cross-sectional profile for a wide range of applications such as automotive chassis, poles, bridges, rail track, door & window profiles, curtain walls, heat exchangers, machinery components, and others. Aluminum extrusions are recyclable with zero hazardous gas emission during the process.

Market Dynamics:-

Demand for aluminum is rapidly increasing in end-use industries such as automotive, building & construction, and electrical & electronics, owing to superior performance offered by aluminum over steel, and other metals. Furthermore, aluminum extrusion offers advantages such as light weight, recyclability, and corrosion resistant are expected to drive demand for aluminum extrusion in various end-industries. These factors are expected to drive growth of the aluminum extrusion market over the forecast period.

Moreover, growing end-use industries is expected to act as a major driver for growth of the aluminum extrusion market over the forecast period. Aluminum extrusion find its applications in structural support to roofing system, elevator shafts, stairwells and others in construction industry. According to the India Brand Equity Foundation (IBEF), Indian real estate industry was valued at US$ 120 billion in 2017 and is expected to reach US$ 1 trillion by end of 2030.

Market Outlook:-

Among product type, mill finished segment is expected to account for over 50.0% market share in the global aluminum extrusion market over the forecast period. This is attributed to growth in end-use industries in emerging economies such as India, Thailand, and China. For instance, vehicle production in Thailand and India is increasing at a faster pace coupled with increasing consumption of aluminum extrusion per motor vehicle, leading to growth of the aluminum extrusion market in Asia Pacific.

Increasing per capita expenditure and changing lifestyle of consumers is expected to aid in growth of aluminum extrusion market over the forecast period. According to the International Organization of Motor Vehicle Manufacturers, the production of cars and commercial vehicles in India was 4.48 million units in 2016 and reached 5.17 million units in 2018.

However, volatility in aluminum prices is expected to hamper growth of the aluminum extrusion market over the forecast period, owing to fluctuations in raw material prices affecting the margin of aluminum extrusion manufacturers and cost at which consumers or end-users procure finished product.

Key Players:-

Major players operating in the global aluminum extrusion market include Hindalco Industries, Jindal Aluminum Limited, China Zhongwang Holdings Limited, Constellium N.V., Hydro Extrusions, Arconic Inc., Gulf Extrusions Co. (LLC), TALCO Aluminium Company, Bahrain Aluminium Extrusion Co. (Balexco), Zahit Aluminium and Qatar Aluminium Extrusion Company, and others

Market Taxonomy:-

On the basis of product type, the global aluminum extrusion market is segmented into:

  • Shapes
  • Rods & Bars
  • Pipes & Tubes

On the basis of product finishing, the global aluminum extrusion market is segmented into:

  • Mill Finished
  • Powder Coated
  • Anodized

On the basis of end-use industry, the global aluminum extrusion market is segmented into:

  • Automotive
  • Machinery & Equipment
  • Building & Construction
  • Electrical & Energy
  • Others

On the basis of region, the global aluminum extrusion market is segmented into:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • U.K.
    • Germany
    • Italy
    • Spain
    • France
    • Poland
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • New Zealand
    • Japan
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East
    • Gulf Cooperation Council (GCC)
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • South Africa
    • Central Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users