Global Aluminum Window Profile Market is estimated to be valued at US$ 750.00 Million in 2021, according to the Global Aluminum Window Profile Market Report, by Aluminum Profile Type (L Type, T Type, and Others), by Window Type (Awning Windows, Hopper Windows, Sliding Windows, Fixed Windows, Single-Hung Windows, Double Hung Windows, and Casement Windows), by Application (Residential, Commercial, and Industrial), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) , published by Coherent Market Insights.
Global aluminum window profile market was valued at US$ 750.00 Million in 2021. Aluminum window profile market is expected to register a CAGR of 5.01% over the forecast period (2022–2030), to reach US$ 1161.49 Million by 2030.
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https://www.coherentmarketinsights.com/market-insight/aluminum-window-profile-market-2334
Key Trends and Analysis of the Global Aluminum Window Profile Market:
- Among aluminum profile type, others segment accounted for the largest market share in 2021 in the global aluminum window profile market. Other segment includes U type, O type, and thousands of other aluminum window profile types. These aluminum profiles are used in industrial, commercial, and residential applications.
- Among window type, single hung windows segment accounted for the largest market share in 2021 in the global aluminum window profile market. This type of window is used for commercial and residential applications. Key players in the global aluminum window profile market are focusing on product launches pertaining to single-hung windows, which is expected to boost growth of the segment. For instance, Aleris Corporation, a major supplier of rolled aluminum goods on a global scale, was purchased by Novelis, a division of Hindalco Industries Limited in April 2020. The combination of complementary resources, including casting, rolling, recycling, and finishing technologies, has improved Novelis' position in the market. This action will assist the business in satisfying the significant consumer demands.
Key Takeaways of the Global Aluminum Window Profile Market:
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the aluminum window profile market are key strategies adopted by players in the global aluminum window profile market. For instance, Krasnoyarsk Aluminum Refinery (KrAZ) has finished making the switch to EcoSoderberg technologies, according to UC RUSAL's announcement from July 2020. The refurbishment cost the corporation USD 74 million. The EcoSoderberg procedure modification required a minimum of 1954 reducing cells. The Technology and Engineering Center at UC RUSAL created the procedure.
- Key players in the aluminum window profile market are focusing on enhancing their product portfolio. For instance, in February 2020, YKK AP Inc. launched APW 330 (a resin window). It is a combination window that can connect windows horizontally by a series of windows, which enables to produce a bright and large open space inside the house.
- Furthermore, several market players are adopting different strategies to expand their global footprint. For instance, Rio Tinto spent million at its AP60 smelter in the Saguenay-Lac-Saint-Jean region of Quebec in November 2021 to increase the amount of low-carbon aluminum it produces in Canada by adding 16 new smelting cells. The investment will increase annual primary aluminum smelter production by nearly 45 %, or 26,500 mt, to 86,500 mt. Rio Tinto predicts that during the following ten years, the worldwide aluminum market would rise at an annual compound growth rate of 3.3%, driven by strong demand from the energy revolution and decarbonization.
- 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