Global aluminum extrusion market segmentation by product type and end-user
Technavio’s report on the global aluminum extrusion market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by product type, which includes mill-finished, anodized, and powder-coated. As projected in 2017, around 58% of the market share originated from mill-finished products.
Based on end-user, the global aluminum extrusion market has been segmented into building and construction, automotive and transportation, machinery and equipment, and consumer durables. As of 2017, 63% of the market share came from the building and construction segment. Aluminum extrusions are predominantly used in windows and doors as they meet the green building standards.
“There is an increase in demand for green building constructions aimed toward eco-friendliness, energy efficiency and reduction of CO2 emissions. This enables construction companies to meet the green building standards such as Leadership in Energy and Environmental Design by the US Green Building Council and environment, health, and safety standards. Adherence to such standards enables companies to qualify for tax incentives offered by the government on energy efficient product,” says a senior analyst at Technavio for metals and minerals research.
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Aluminum extrusion market: regional landscape
The global aluminum extrusion market was dominated by China in 2017, with a market share of more than 61%. The Americas was the second highest contributor to the market at around 14%, followed by the rest of Asia, and EMEA with a market share of around 13% and 12% respectively. Increase in aluminum extruded profiles adoption is further fueled by government subsidies focused on developing clean energy across several APAC countries. Government policies focus on photovoltaic energy generation due to its benefits such as low-cost electricity and reduction of CO2 emissions.
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Other topics covered in the report:
- Increasing demand for green building construction
- Increasing adoption of aluminum extrusions in various application
- Declining CV (LCV & HCV) business globally
- Global excess capacity
- Growing environmental concerns
- Growing importance of secondary aluminum extrusions
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