Aluminum Extrusion Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

The global aluminum extrusion market is anticipated to grow significantly at a CAGR of 3.6% during the forecast period (2021-2027). As the automotive manufacturer has to maintain their impetus for improved fuel economy, and reduced emissions, aluminum extrusion make a significant contribution. Aluminum is a material choice for the automotive manufacturer due to its environmental benefits, according to a report, around 90% of vehicle’s aluminum scaps are recovered, and recycled. Aluminum’s use in automobiles and commercial vehicles is speeding up as it provides a cost-effective way to raise performance and it also is recyclable so reducing environmental effect. Additionally, the aluminum extrusions reduce emissions and increase fuel economy while maintaining stability, and safety.

A full report of Aluminum Extrusion Market is available at: https://www.omrglobal.com/industry-reports/aluminum-extrusion-market

The players are collaborating with emerging companies in order to develop new technologies. For instance, in January 2021, Oslo-based energy and aluminum producer Norsk Hydro ASA announced that the company is working on the new technology of aluminum, with a startup company named Nuvosil, the trial project can lead to a process that eases processing costs considerably and energy consumption around 90%.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/aluminum-extrusion-market

Market Coverage

  • Market number available for – 2020-2027
  • Base year- 2020
  • Forecast period- 2021-2027
  • Segment Covered- By Product and By Application
  • Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
  • Competitive Landscape- Hindalco Industries Ltd., Arconic Corp., Norsk Hydro ASA, Constellium, Qatar Aluminium Extrusion Co. (QALEX), Balexco Bahrain Aluminium Extrusion Co.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment/region dominates the market in base year?
  • Which segment/region will project fastest growth in the market?
  • How COVID-19 impacted the market?
  • Recovery Timeline
  • Deviation from pre-COVID-19 forecast
  • Most affected region/segment
  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Aluminum Extrusion Market – Segmentation

By Product

  • Shapes
  • Rods & Bars
  • Pipes & Tubes

By Application

  • Building & Construction
  • Automotive & Transportation
  • Consumer Goods
  • Machinery and equipment
  • Others

Company Profiles

  • Alcoa Corp.
  • Arconic Corp.
  • Bahrain Aluminium Extrusion Co. (BALEXCO) B.S.C
  • Bonnell Aluminum, Inc.
  • Century Aluminum Co.
  • China Hongqiao Group, Ltd.
  • China Zhongwang Holdings, Ltd.
  • Constellium
  • Extruded Aluminum Corp. Co.
  • Global Aluminium Pvt., Ltd.
  • Guangdong Fenglu Aluminium Co., Ltd.
  • Hindalco Industries, Ltd.
  • Kaiser Aluminum Corp.
  • Mid-States Aluminum Corp.
  • Norsk Hydro ASA
  • Qatar Aluminium Extrusion Co.
  • RusAL

This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.

Leave a Reply

Your email address will not be published. Required fields are marked *